expenses, and depreciation of asset in each branch. Q4/2022 vs Q4/2021YoY • Selling Expenses in Q4/2022 was THB 82 million, increased by THB 25 million or 44% from Q4/2021 mainly due to the increase in staff

Tel (662) 658 8888 Fax (662) 658 8000 Website http://www.kgieworld.co.th 2 2.1 Employee benefits expenses The Company’s Employee benefits expenses in 2018 were Baht 1,104 million, an increase of 9% from

mainly due to an increase staff expenses as the dessert café have resumed to normal operation, thus the number of employees must increase to support the full service of branches. • Selling Expenses to

Company’s employee benefits expenses in the nine month period of 2019 were Baht 870 million, an increase of 3 percent compared to the nine month period of the previous year, the main reason is that the

1,101.98 9% Adj. staff benefit - - 8.15 - Gross margin 130.94 117.88 11% 557.38 485.45 15% % Gross margin 30% 30% 0% 31% 31% 1% % Gross margin (exclude non-recurring cost) 30% 30% 0% 32% 31% 1

previous year by Baht 20.42 million or 52.15% due to an increase in staff and administrative expenses from the allowance for doubtful accounts in the amount of Baht 8 million and additional employee benefits

million, respectively. Selling expenses increased THB 48.99 million or 27.44%, mainly attributable to increase expenses from new branches which require additional staff and increase rental expenses

income is from advertising commission and service fee in an amount of THB 178.08 million, an increase of THB 9.16 million or 5.43 per cent, compared with the same quarter in 2018. Costs of service and

and amortization) were Baht 33.12 million for 3Q18, or 33.23% increase year-over-year from Baht 24.86 million in 3Q17. The variance was mostly due to an increase in revenues, depreciation and employee

Increase/(Decrease) For Three Months Period Ended 30 June 2017 2018 THB mm % THB mm % THB mm % Advertising and promotional expenses 131.06 89.37 131.06 91.38 0.00 0.00 Sales employee cost 8.92 6.08 4.85 3.38