maintain its tightening monetary stance through hikes in its policy rate, along with cutbacks in its balance sheet. Meanwhile, the European Central Bank and the Bank of Japan may be considering the right

15 Downsizing of Oversized Index Living Mall Stores Downsizing of Oversized Index Living Mall Stores and Transferring Spaces to Retail instead The Company plans to optimize its existing assets by

SGAH, increased share of profit from associate companies, as well as improved efficiency, on-going cost reductions, and lower financing costs. These increases however were partly offset by a Baht 62

the long term. Even though our sales decreased from the previous year and the Company still recognized loss, due to our efforts in strict costs and expenses controls and reductions, the operations

administrative expense reduction according to the Company target. Cost and expense reductions were achieved through adjustment of sales and marketing strategies, inefficiencies identifications, and improved work

reduction in lending rates for MLR, MOR, MRR, restructuring made to terms including installment reductions, loan term extension in line with the customer financial ability and other assistance as appropriate

stores, the Company plans to follow this model by downsizing 1-2 oversized Index Living Mall stores per year and transferring into rental spaces. Remodeling Oversized Index Living Mall Stores

reductions. Moreover, attractive development opportunities are expected thanks to MACO’s and PlanB’s high-visibility billboards as well as the well-diversified media contents owned by PlanB, which will enable

target group to attract the trials for future sales and cost reductions particularly in redundant procedures to deliver appropriate rate of return on sales. ICUK also continued to bear fruit from

growth through priority channels, strong push of product sampling experiences among the target group to attract the trials for future sales and cost reductions particularly in redundant procedures to