wishes to submit herewith explanation and analysis of the Management as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2019 2018 2017 Increase (decrease) 2019-2018 1.1

cost related to the issuance of the Warrants to Purchase the Ordinary Shares (HPT-W1) and the employee benefit cost (The Labor Protection Act No.7 B.E. 2562). Net profit and Net profit margin For the

beginning of this year which allows the Company to benefit from economies of scale. • Gross Profit margin in Q4/2022 was 62.9%, increased from 59.6% in Q4/2021, and Gross Profit margin in 2022 was 63.1

Year 2017 Page 2 of 15 2015 2016 2017 MB % MB % MB % Employee benefit obligations 338.88 2.26 365.94 2.26 384.97 2.22 Advance Received for Rental Income from Associate 107.29 0.72 99.43 0.62 91.58 0.53

year. Other income for Q2, 2019 are 0.66 million baht which comparable to 0.84 million bath last year with no significantly transaction changes. 2. Cost of sale , Profit margin For Quarter2 of the year

production efficiency, reduce cost of production in the future, and support more sales volume in the future also in the year 2018 the Company increasing the rate of benefit of an employee who has past service

efficiency, reduce cost of production in the future, and support more sales volume in the future also in the year 2018 the Company increasing the rate of benefit of an employee who has past service 20 years to

by THB 7.5 million or 21.4%. It was increased from employee benefit expenses which the Group has increased in team of developing the new software. Net Profit The Group reported total net profit for the

stores and new stores and come from recognized the service cost in the past from employee benefit according to The Labor Protection Act (No. 7) B.E. 2562 has been announced in the Royal Gazette on April 5

THB 23.1 million from 2018. The company’s profit for the year was THB 48.6 million, increased by THB 27.5 million, and its profit margin for the year was increased 130.6% from 2018. The main reasons for