finance cost, and a net FX gain. It declined -8.2% QoQ from lower foreign exchange gain. Market and Competitive Environment Thai economy exhibited signs of further recovery in 1Q23 due to the improvements

from a tight cost control. Admin & others expenses declined -0.9% YoY from operational efficiency improvements. 1H23 EBITDA growth 2.7% YoY following the movement of core service revenue and well

improvements from inflation benefiting from a recovery trend in the tourism sector, despite the arrivals remaining slower than expected. Mobile industry was affected by the softened local economic activities

election to the board as appropriate and convening a shareholders’ meeting. In some circumstances and in certain jurisdictions, some investors may feel it appropriate to seek governance improvements and/ or

quarter of 2018, the Thai economy expanded well, driven by both growth in the foreign sector and gradual improvements in domestic demand. Merchandise exports improved both in terms of export quantity thanks

theatre and restaurant, which are the project’s main buildings, to accommodate more tourists, increase in activities corresponding to larger area as well as improvements in various systems and public

theatre and restaurant, which are the project’s main buildings, to accommodate more tourists, increase in activities corresponding to larger area as well as improvements in various systems and public

sector’s growth slowed down and private investment slightly dropped. However, private consumption continued to hold up, partly due to improvements in non-farm income and government measures to support low

quarter of 2018, the Thai economy expanded well, driven by both growth in the foreign sector and gradual improvements in domestic demand. Merchandise exports improved both in terms of export quantity thanks

competitive costs, by negotiating and bargaining on the prices of raw materials and service fees with the suppliers and service providers within the supply chain, as well as making improvements on product