. Marketing expenses were Bt2,357mn, decreasing 41% YoY and 9.6% QoQ, due to more targeted subsidy campaigns and has resulted in lower SG&A expenses of Bt6,338mn, dropping 20% YoY and 4.0% QoQ. In summary

EBITDA as well as increased share of profit from joint ventures and lower finance costs. • Total assets as of 31 December 2019 stood at THB 53,531mn, decreasing by 0.8% or THB 429mn from 31 December 2018

for reference. The SEC, Thailand cannot undertake any responsibility for its accuracy, nor be held liable for any loss or damages arising from or related to its use

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