E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

personnel expenses including additional employment in a newly established subsidiary, gradual improvement of employee benefits as well as higher R&D expenses. All above activities have been prepared for the

million Baht, financial support from the Department of Employment 0.56 million Baht, reversal of loss from impairment of assets 11.40 million Baht. Cost of Sales and Services For the year 2022, the Company

pandemic situation started to relieve and reopened the dine-in areas. As a response to pandemic situation, the Company has reduced selling and distribution expenses by controlling part-time staff expenses

both Thai and foreign worker employment rate as well as the slow-down of other related industries. This quarter economy was also affected by tropical storms and flash flood in some upcountry areas. The

allotted more than 5% of the total CCET-WC issued and offered. 3.4 Employees of the Company and/or its subsidiaries who are eligible to receive the allocation of CCET-WC must be; (a) Employee of the Company

CCET-WC must be; (a) Employee of the Company and/or its subsidiaries on the date of allotment of CCET-WC. (b) The amount of CCET-WC that each employee of the Company and/or its subsidiaries will receive

from the cost reduction scheme, both in terms of employee-related expenses and the negotiation for the rental cost reduction. • Net profit margin in Q3/2020 decreased by 6.6% from Q3/2019, and in 9M/2020

%, decreased by 1.0% from 9M/2022, mainly due to the increase in branch expenses and employee expenses. E B I T D A a n d E B I T D A M A R G I N : Q 3 / 2 0 2 3 K e y F i n a n c i a l H i g h l i g h t s 1

employment, particularly in export-related manufacturing sectors. Public expenditure and private investment decelerated owing to the delay in some infrastructure investment projects, the slowdown of economic