of 2017, or up to 39.97%. Total operating expenses were included employee benefit expenses, fee and service expenses, financial costs and other expenses.

of 2017, or up to 39.97%. Total operating expenses were included employee benefit expenses, fee and service expenses, financial costs and other expenses.

| Padaeng Industry Public Company Limited and its subsidiaries For the years ended December 31, Continuing operations Discontinued operation Total 2019 2018 2019 2018 2019 2018 EXPENSES (549.15) (445.02

, associated risks, criteria for returns payment and redemption, expenses and tax benefit conditions before making any investment decision to make sure that they would be entitled to receive benefits and would

loans to EGCO Plus. Meanwhile, retirement benefit expenses was increased due to the effects of the amendment bill to the Labour Protection Law. Page 8 Quezon (Include PEPOI and QMS): Unit : Million Baht

(266.06) 30.00 (5.78) 1,205.22 (131.68) 27.63 (3.02) 1,143.43 (100.23) 27.63 (2.42) Selling expenses Administrative expenses (671.72) (14.58) (625.47) (14.34) (588.44) (14.22) Management benefit expenses

Bridging Finance for the new projects, the new TFRS 16 – Lease implementation of THB 231 million, the increase in accrued employee benefit expenses and the subsidiaries’ accrued income tax from postpone

employee cost and the additional post- employment benefit expenses from the new labour protection act effective in May 2019. Depreciation and amortization expenses were Baht 86 million in 3Q19, decreased by

employee cost and the additional post- employment benefit expenses from the new labour protection act effective in May 2019. Depreciation and amortization expenses were Baht 86 million in 3Q19, decreased by

Hotel Bangkok employee cost and additional post- employment benefit expenses from the new labour protection act effective in 2Q19. Depreciation and amortization expenses were Baht 65 million in 4Q19