creditor (the purchaser) agrees with the subsidiary to rent such asset for further business operation. The subsidiary has considered the rental conditions, the rental price including the ability to control

rent such asset for further business operation. The subsidiary has considered the rental conditions, the rental price including the ability to control various costs and expenses, and found that it was

the period that the Group lost revenue from the temporary branches closure (2) a decrease in bank fees and (3) a decrease of various expenses from cost control measure such as work from home policy to

. Selling expenses to sales was 15.7%, unchanged from Q3/2016 following the group’s cost control policy, but higher QoQ from 14.3% in Q2/2017 due to the new packaging launch in Q3/2017 as well as higher

lower than last year at 44% 5 of total revenues. However, the Company was able to effective control the operating and administrative expenses. In 2019, the Company has developed AEON Thai Mobile

offset by prepaid commission following declined prepaid revenue. SG&A expenses were Bt5,494mn, decreasing -12%YoY and -8.8%QoQ due to less marketing spending and cost control amidst pandemic situation

operation. The subsidiary has Enclosure considered the rental conditions, the rental price including the ability to control various costs and expenses, and found that it was worthwhile to rent the mentioned

including the ability to control various costs and expenses, and found that it was worthwhile to rent the mentioned assets. For the period that the creditor (the purchaser) let the Enclosure subsidiary to

advertisements and handset subsidy campaigns post COVID-19 lockdowns which reflected in last year’s low base. • Admin & other expenses at Bt15,327mn, decreased -2.2%YoY, mainly from cost control initiatives and

from the change in defined benefit plan according to KBank’s employment policy which is not related to labor law, together with rising marketing expenses, our cost-to-income ratio stood at 45.02 percent