additional one-time employee benefit expenses in the current three months, while such provision was made in the same three months last year. The other increase is in area of personnel costs due to salary

causes some income to be reduced. However, the company immediately reduced the cost, in terms of rental costs and administrative costs, employee cost adjustments and utility costs. This puts the impact at

employee retirement benefit of THB 8.85 million due to the change of defined benefits plan: increased from a maximum of 300 days of wages to 400 days under the new Labor Protection Act since April 2020

Baht or 32.79% which consist of Employee benefit obligations increased amount of 4.85 million Baht or 142.65%. Deferred income tax liabilities decreased amount of 41.71 million Baht or 62.20% and other

LIMITED Management Discussion and Analysis of the Company’s Performance for the three-month period ended March 31, 2020 Administrative Expenses Baht Million 2019 2020 +/(-) +/(-) % Employee and executive

84.7 82.1 106.1 77.4 (28.7) (27.0%) 322.3 350.3 28.0 8.7% Change QoQ Change YoY Administrative expenses comprised of employee benefit expenses, consulting fee, depreciation, public relation expenses and

utility expenses, transportation costs, and employee-related expenses, as well as the increase in rental expenses due to the relaxation of COVID-19 situation as the Company obtained lower rental discount

company shall appoint only one person from such register to be Fund Manager according to rules under Clause 8, or Clause 17 the first paragraph (3); (2) in case the management company appoints its employee

%QoQ %YoY THB Mn THB Mn %YoY Administrative expenses 82.1 91.1 96.0 5.4% 16.9% 166.8 187.1 12.2% ChangeChange Administrative expenses comprised of employee benefit expenses, consulting fee, depreciation

million, slightly increased by THB 4 million or 13% from Q2/2021. This was due to an increase in the head office employee expenses as well as repair and maintenance expenses, which was postponed during