proportion in core business from the minimum of 75% of the total number of voting rights to that of 50%, strengthening investor protection by revising rules on holding company?s investment structure to ensure

the same period of 2019. Administrative Expenses In the 2nd Quarter of 2018 and 2019, administration costs increased from THB 105.0 Mn to THB 117.9 Mn respectively, an increase of THB 12.9 Mn or 12.3

Administration Expense 63.31 16.4 45.08 17.9 18.22 40.4 Profit before finance costs and income tax 46.25 12.0 30.63 12.2 15.63 51.0 Finance costs (0.03) (0.0) (0.16) (0.1) 0.13 (78.9) Profit before tax 46.22 12.0

period of 2019. This increase was mainly due to switching towards more cost-effective marketing channels. Administrative Expenses In the 3rd Quarter of 2018 and 2019, administration costs increased from

organizations under the newly introduced framework are public organization, provincial administration organization, municipality, Bangkok Metropolitan Administration, Pattaya City and juristic person established

marketing expenses. As a percent of total revenue, selling expenses remained stable at 3.4% during both 2017 and 2018. Administrative Expenses Administration costs increased from THB 423.5 Mn in 2017 to THB

% in the three months ending 31 March 2018 to 2.9% in the same period of 2019. Administrative Expenses For the three months ending 31 March 2018 and 2019, administration costs increased from THB 112.8 Mn

. 4. Administrative expenses For Quarter 1 of the year 2020, the administration expenses was 11.96 million baht or 12.09% from sale revenue compared to the same period last year at 13.99 million baht or

. registration with Food and Drug Administration (FDA), trademark permission, product and packaging design, and brand building etc. to customers who are business operator in skin cares and cosmetics. In addition

administration. On 10 January 2020, the Company acquired Metropolis Office Building with Net Leasable Area approximately 26,157 square meters, including related movable assets that are necessary to operate