income surged significantly, especially the 19% increase in bad debt recovery. However, this year the Company will focus on fee-based income expansion. Revenues Structure Profit and Loss Statement Unit

supported by the allocation and disbursement of the government’s budget and continued expansion in the export sector. Additionally, industrial production resumed growth leading to further expansion. As a

Business sales volume was 1,504 million liters (+4% YoY, -2% QoQ), especially increased in retail market, due to the business’s policy to focus on service station throughput, and from the expansion of

THB 1,785 million, an increase of 21% YoY, and 8% QoQ. The increase was mainly from 1.) Personnel expenses for the company’s group 2.) Expansion of Non- Oil business of Bangchak Retail Co, Ltd. 3

flexibility of GPSC Group’s financial management via local and international funding, foreign exchange management, and cash management activities. The establishment of the GPSC TC is to support the expansion of

amendment of Number 4. of the Company’s Memorandum of Association, to be in consistent with the Company’s capital increase, details are as follows: “Clause 4 Registered Capital THB 970,283,450 (Nine Hundred

propose to the Shareholders’ Meeting to consider to approve an amendment of Number 4. of the Company’s Memorandum of Association, to be in consistent with the Company’s capital increase, details are as

hospitality business, which was consistent with incremental revenue. Administrative Expenses Administrative expenses mainly comprise of back office personnel expenses, depreciation on assets under hospitality

investment in available-for-sale securities, which consistent with the investment proportion and the purpose of the Company investment. The Company recorded gain on fair value adjustment of investment due to

, bill payment, and social insurance contributions payment. As a result, the company was able to find new customers. This is consistent with the top up value, which continues to grow consistently