marketing activities while increased 9%QoQ from seasonality and 5G launch campaign. Admin and other expenses saw –22%YoY decrease from improving bad debt provision and efficient cost management while declined

reasons for the decline of cost ratio not only stemmed from the increase of SW income and non-sw income per head but also from the efficient cost management particularly staff cost. Administrative Expenses

promote effective enforcement, which in turn, shall ensure fair investor protection and encourage efficient development of businesses and transactions in the capital market. Our international work made a

basis for an effective corporate governance framework The corporate governance framework should promote transparent and fair markets, and the efficient allocation of resources. It should be consistent

gross profit margin increased from 42.8% in the 1st quarter of 2020 to 50.0% in the same period of 2021 from efficient cost management to generate more profit, such measures having been intensively

efficient cost management such as staff cost and other related cost. Administrative Expenses In year 2017, administrative expenses increased by 12% yoy and 6% yoy in the fourth quarter mainly due to the

pass this test and strive forward to deliver material and measurable accomplishments. As the market regulator, the SEC shall proceed to secure investors' confidence, build efficient and reliable markets

. Moreover, there was a high base in Q4’2017 since the market reacted to an announcement of the new excise tax imposed to RTD Tea before the regulation became effective in mid Sep’17. Although the challenging

to respond to the new outbreak as follows: After You implemented policy according to plan in respond to the COVID-19 outbreak including: 1. Effective cost control: controls employee-related expenses

cover ensuring market orderliness, improving securities laws to be on par with international standards, enhancing effective enforcement, increasing transparency, and promoting investment innovations. In