in Q1-2020, decreased by 27.26% comparing to THB 353.79 million of the same period last year (“QoQ”). 2020 2019 MB % 234.63 345.89 (111.25) -32.16% Other Revenues 22.71 7.90 14.81 187.42% Total Revenue

distribution increased. Administrative expenses Administrative expenses in Q2-2023 decreased from Q1-2023 in the amount of 15.8 million baht, or a decrease of 16.4%, because in Q1-2023, there was a 2022 annual

THB 3,682.20 million in 1Q2020, representing a decrease of THB 283.81 million or 7.16% down from 1Q2019 mainly from lower revenue of farm business which decreased by THB 123.30 million or 9.01% down

(the “Subsidiary Company”) has sharply decreased since February 2020. Safari World Group always realized its duty to the society and put the priority on the health and safety of the park visitor

Baht 11 million and gross profit margin was at 22.6%, decreasing 1.0%. Moreover, selling and distribution expenses and administrative expenses decreased amount of Baht 1 million while other income

the year have slightly decreased when compared to 2022. However, the revenue of 2023, the Company received projects with a smaller project value than those in 2022, causing it to put more effort in

net loss of the 1st quarter ended as of March 31, 2018, of THB 6.22 million, decreased for THB 92.43 million or 93.69% comparing to the 1st quarter ended as of March 31, 2017, which the realized net

Baht, decreased by 80% as compared to 3Q2018 in the amount of 872 million Baht which comprising of (1) revenue from Food and Beverages of Dean & DeLuca of 150 million Baht (68% of total revenue

of 2020, and SSSG for the 1st quarter of 2020 was -2.9%. This was due to the change in revenue from various business operations as follows: ▪ Revenue from Restaurant Business decreased by THB 50.3 Mn

(035) 350 880 Fax (035) 350 881 Website: www.aapico.com Management Discussion and Analysis for the 1st quarter of year 2024 2 Total revenue decreased by 7.5% year-on-year. Sales and service income