to Baht 448.93 million in Q4 2021, mainly from the positive accounting adjustment due to IFRS9 in Q4 2020 and softer layoff scheme applied in Q4 2021 of the Portugal operation. Loss on foreign currency

layoff. The Company has been affected in every segment, particularly Fashion where sales decreased by THB 7,380 million or 47.6%. Omni-channel strategy, such as online, chat & shop and call & shop, etc. as

expenses and layoff. Therefore, our business has been affected in every segment, particularly fashion in Thailand and Italy. Promotional activities, new campaigns and discounts as well as co-promotions with

measure for such employees by paying compensation as a result of the layoff in accordance with labor law. Moreover, the Company has remedied service users as proposed to NBTC by publicizing the date of

a result of the layoff in accordance with labor law. Moreover, the Company has remedied service users as proposed to NBTC by publicizing the date of service termination of SPRING 26 Channel, for the

is growing instead of print media. Combined with the rigorous policy of reducing costs particularly, the voluntary redundancy program that company has started since the fourth quarter of 2016. However

website in the country. The digital media is growing instead of print media. Combined with the rigorous policy of reducing costs particularly, the voluntary redundancy program. In addition, in the fourth

149.54 million or 852.57% increase and equivalent to the gross margin of -11.2 % Gross margin is minus because of both adjustment of estimation of cost of construction and redundancy of expenses in Beung

clear redundancy of expenses in Beung Karn project from law issue which is realize in last quarter. Cost of Services The company and its subsidiaries’ cost of service in 2019 was Baht 4.22 million

. On the cost side the Company considers to close down underperform branches and cutting all redundancy cost.   Management Discussion and Analysis, Q3/2018 Page4/4   Thus, you have been informed for your