revenue decrease of Ibis Styles Chiangmai Hotel from the impact of COVID- 19 and smoke pollution as mention earlier. Selling and Administrative Expenses In the first quarter of 2020, selling and

, accounted for 0.32% and 0.84% of total revenues respectively. The decrease in financial cost was due to the repayment of the entire amount of loans from bank in January 2017. Tax Expenses Tax expenses for the

quarter of 2022. However, sales of natural gas power plant decreased by Baht 51.2 million from decreasing in unit rate which is adjusted in line with the decrease in average natural gas price from third

use of services from sea freight into air and land freight In order to reach the destination faster Thus resulting in a decrease in revenue from sea freight management 2. Revenue from air freight

decrease due to drop in sales revenue as provided in Section 1 above. Please be informed accordingly. Yours sincerely, Mr. Hamidi Bin Maulod Chief Executive Officer

decline in sales revenue was largely due to the impact of Covid-19 pandemic resulting in an economic slowdown and closure of INGRS operations in Indonesia, India, Thailand and Malaysia. The local Movement

on new electric vehicles which resulted in a decrease in automobile output. 2) Car Dealerships Business; Higher sales in dealership business both in Thailand and Malaysia. In Thailand, sales growth was

million and THB 3.19 million, accounted for 0.16% and 1.10% of total revenues respectively. The decrease in financial cost was due to the repayment of the entire amount of loans from bank in January 2017

decrease in financial cost was due to the repayment of the entire amount of loans from bank in January 2017. Tax Expenses Tax expenses in 2017 and 2016 were 27.90 million and 22.34 million, respectively or

price in the new production cycle to decrease by 10% compared to last year resulting in the Company’s gross profit to be likely to improve gradually. Selling expenses: Introducing new products and