No: AH 02052023 May 11th, 2023 Subject: Management Discussion & Analysis (MD&A) for the Financial Statements of the 1st Quarter of Fiscal Year 2023 Ended as of March 31, 2023 To: The President The

documentation shall be kept not less than 5 years as from the date of preparing such documentation: (a) the information in support of seeking a resolution of the shareholders’ meeting; (b) financial statement

million baht or 17. 01% . The increase was due to additional of borrowing to support hire purchase loan expansion and maintained the company interest spread. For the provision expenses for the fourth

up of Allowance for Doubtful accounts and loss from investments which increased by 112.24 million Baht from last year and the increase in sales and administration cost to support the expansion of

itself and its overseas subsidiaries as well as marketing and managing expense to support existing customers. 4. Financial Cost For the year 2019, the company had financial cost of USD 29.27 million (or

Iconic Property Company Limited. 3. General Transection : To provide the financial support based on shareholding proportion by providing the loans of Baht 1.50 million increased from Baht 54.00 million to

76.06%. The decrease was due to closely monitor the debt collections and the better ability to pay of receivable accounts which support the better of overall quality account receivables. As of the end of

decrease was due to closely monitor the debt collections and the better ability to pay of receivable accounts which support the better of overall quality account receivables. As of the end of the first

. Meanwhile, net plant and equipment increased by Baht 49.62 million from building under construction at Chonburi branch to support business expansion and investment for production line improvement of spray

was mainly in related to the consolidated expense of supporting the Company itself and its overseas subsidiaries’ operation as well as marketing and managing expense to support existing customers as