the same period of 2017. Excluding TBSP of 16.9% GP, Company’s %GP represented at 24.1%, slightly growth primary by higher Gross Profit of Digital Print & Mail business. %Gross Profit Margin Mil THB 330

currency method has put into practice for both accounting and tax purposes where the Company’s primary operation resides. The Board also approved and authorized the Chairman or a designee by the Chairman to

year 204.55 1.42% 183.00 1.35% (21.54) (10.53%) Branches upcountry 86% Bangkok and vicinity 14% Revenue structure categorized by business groups (Unit : Million Baht) 2022 2023 Increase (Decrease) %YoY

% in the same quarter of last year. Excluding TBSP of 22.2% GP, Company’s %GP represented at 27.1%, primary by higher Gross Profit of High-Valued Document. %Gross Profit Margin Mil THB 72 102 62 Q1'18

Management Discussion & Analysis 2022 1 I 9 Branches upcountry 86% Bangkok and vicinity 14% Revenue structure categorized by business groups (Unit : Million Baht) 2021 2022 Increase (Decrease) %YoY Amount

structure categorized by business groups (Unit : Million Baht) Q3/2022 Q3/2023 Increase (Decrease) %YoY 9M2022 9M2023 Increase (Decrease) %YoY Amount % Amount % Amount % Amount % Retail Business 2,252.79

follows: Revenue structure categorized by business groups (Unit: Million Baht) Q1/2023 Q1/2024 Increase (Decrease) %YoY Amount % Amount % Retail Business 2,175.67 62.97% 2,406.90 67.47% 231.22 10.63

the result from new customers. Expenses 1. Cost of sales and hire of work totaling 175.25 Million Baht increased from the same period last year by 12.77 Million Baht or 7.86%. The primary cause is the

showed of 25.1% in the same quarter of last year. Excluding TBSP of 22.6% GP, Company’s %GP represented at 19.4%, primary by lower Gross Profit of High-Valued Document and Flexible Packaging. THB million

TSE. The unsupported from the financial institution that the Company expected to be the primary source of fund for the transaction or approximately Baht 1,000-1,200 million caused the Company to have