growth was driven by opening of a new Proton showroom in October 2022 and many new model launches of Proton car in 2023. Cost of sales and services increased in accordance with higher sales. Gross profit
projects compared to the same period from last year. These new projects will result in the future revenue recognitions in the coming years along with the coming expenses related to project launches expense
31.95% to 48.01% as the Company incurred additional expenses from new product launches. Table 5: Sales Expenses by Type of Expenses for the Three Months Period Ended 31 March (YoY) Selling expenses
result in the future revenue recognitions in the coming years along with the coming expenses related to project launches expense, taxes and man-power (salary, welfares) which mainly in line with the
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