Baht or 58.85%. The revenue in this segment was lower since the Company terminated contract with the both customers on May 2018, and September 2018 because they breached the agreements. 1.3 Sea Freight

.   ______________________ Note:   *Regulatory Guillotine refer to a rapid, transparent, and low-cost method coupling with stakeholder participation to review existing laws and

providers, including import and export by both sea freight (Full and Less Container Loading) and by air freight, and domestic transportation SEL. SEL is one of the leader in air freight business in Singapore

increased, resulting in increased costs and freight charges and the condition of the baht appreciation rate compared to the same period of the previous year. Gross profit The company has gross profit of

cost from higher sale volume and higher freight cost from higher sales volume in CNF incoterm. However on 2nd quarter of2018, selling expenses slightly decreased 9.22 percent from the same period of last

122.46 82.73 97.44 80.72 (25.02) (20.43) Labor costs 14.46 9.77 9.68 8.02 (4.78) (33.06) Depreciation costs 3.94 2.66 4.44 3.68 0.50 12.69 Freight expenses 0.24 0.16 0.01 0.01 (0.23) (95.83) Others 6.92

4.50 4.61 0.74 19.68 Freight expenses 0.36 0.26 0.77 0.79 0.41 113.89 Others 3.44 2.48 6.09 6.23 2.65 77.03 Total cost of sales 139.05 100.00 97.70 100.00 (41.35) (29.74) Proportion of cost of sales to

foreign. 5. Selling and administrative expenses increased by 87.06 million baht or 14.38% from 605.22 million baht in 2021 to 692.28 million baht in 2022, mainly from the sea freight costs for exporting

refined glycerine capacity mentioned above, the Company has to import crude glycerine from overseas. Therefore, the Company has strategy to use sea freight service provided by AI Logistics Company Limited

(-Translation-) Ref. No. VGIGM.CSC.SET.18.13 May 17, 2018 Subject Dividend Payment, Investment in the shares of Kerry Express (Thailand) Limited, Issuance and Offering of the Newly Issued Ordinary Shares of the Company via a Private Placement, Partial Sale of VGI Global Media (Malaysia) Sdn. Bhd.’s shares, Issuance and Allocation of Warrants to Purchase Newly Issued Ordinary Shares of VGI Global Media Public Company Limited No. 2 (VGI-W2), Capital Increase through a General Mandate and Calling t...