%) (937.5) (72.0 %) (21.6 %) Gross Margin 277.0 27.4 % 364.5 28.0 % (24.0 %) Distribution Costs (99.7) (9.9 %) (197.2) (15.1 %) (49.5 %) Administrative Expenses (69.5) (6.9 %) (63.2) (4.9 %) 10.0 % Profit

) (22.17) 2. Modern retail Store and Department Store 110.48 85.99 24.49 28.48 3. Retail Store and other retail customers 28.27 27.18 1.09 4.01 4. Foreign customers 4.08 6.36 (2.28) (35.85) Total revenue

Company and its subsidiaries' cost for rent and service was decreased from 2.42 percent in Q.2/2019 to 1.23 percent in Q.2/2020. Distribution costs and Administrative Expenses The Company and its

Distribution Station, Provincial Waterworks Authority (Phanat Nikhom Branch): Project value 520,344,000 baht and (2) The Nong Ka Kha Project at Nong Ka kha Water Distribution Station, Provincial Waterworks

wholesalers. 21.01 21.07 (0.06) (0.28) 2. modern retailers and department stores. 47.94 33.93 14.01 41.29 3. retailers, retail and other retail customers. 14.54 15.47 (0.93) (6.01) 4. customers abroad. 3.61

Jan - Mar 2019 Jan-Mar 2018 Increase (decrease) Million baht percent 1. Stores, distributors and wholesale stores 17.47 21.01 (3.54) (16.85) 2. Modern retail stores and department stores 54.53 47.94

and department stores 54.53 47.94 6.59 13.75 3. Retail stores and other retail customers 14.29 14.54 (0.25) (1.72) 4. Foreign customers 1.69 3.61 (1.92) (53.19) Total revenue from sales 87.98 87.10 0.88

– Dec 2017 Increase (Decrease) Mimmion Baht Percent 1. retailers and wholesalers. 90.76 86.73 4.03 4.65 2. modern retailers and department stores. 158.12 149.29 8.83 5.91 3. retailers, retail and other

to accept the right under the Strategic Partnership Agreement between the Company and Hemaraj Land and Development Public Company Limited (“Hemaraj”) to conduct the business of distribution and retail

operate the project and has profit as agreed during the period of agreement after Phase 2-4 start to operate water distribution. HECH would purchase more GS’s share in the future from exisiting shareholder