40.85% as the Company incurred marketing expenses from new products premiered in October. Table 7: Sales Expenses by Type of Expenses for the Year Ended 31 December (YoY) Selling expenses Consolidated

, and business related to FinTech. According to the results of operations in the year 2018, the Company had a net loss in the consolidated financial statements in the amount of 277 million baht, incurred

products. Additionally, marketing efforts were put continuously in the Philippines. Consequently, sales expenses to sales revenue ratio escalated moderately from 40.85% to 59.24% as the Company incurred

to improve and add CCTV with the government agency which had a low gross margin as well as the increase in cost of projects incurred during the warranty period. Retail business In 2Q17, the Group has

% 19 4.0% 69 3.3% 6 41.0% 62 7.7% -3 3.9% 6.5% 2 1.5% 8 59.0% 52 00.0% 115 4.9% 47 5.5% 8.3% -115 9.2% -9 1.5% 196 Page 3/5 ofit margin quarter of se of 11.0 ny incurred y, provision Change B % 65.8

resulted from the delay of project to improve and add CCTV which had a low gross margin as well as the increase in cost of ERP project incurred during the final delivery period. Retail business In 3Q17, the

, Account Receivable of 112 Million Baht. Additionally, there were building improvement, sales gallery and equipment of 3,538 Million Baht. Moreover, the goodwill incurred from DEAN & DELUCA acquisition was

, the goodwill incurred from DEAN & DELUCA acquisition was 3,105 Million Baht. Also, the intangible assets arising from DEAN & DELUCA’s business; for example, trade mark, trade name, copyrights, etc. of

- Warrant-2. Financial Costs (Interest Expenses) In 4Q17, the Company incurred Bt126mn of financial costs, increased by 89% YoY and 7% QoQ, mainly from the convertible bonds issued in July 2017. Financial

services; (3) making an agreement with the service user regarding obligations to damage that may be incurred from the provision of services; (4) submitting a report of the results of the experiment and