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

performance, while the increase was due to an additional amount of provisions set aside for employee retirement benefits in the amount of Bt57.4 million in the second quarter of 2019 in accordance with an

as a result of increase in gross profit margin. Selling expenses Selling expenses comprise of advertising and promotional expenses, sales employee cost, and freight expenses. For the three months

due to the increase in cost of sales and services of many large-scale projects. Furthermore, In Q2–2019, there was an additional reserve for employee benefits from the amendments to the law relating to

increase loss of 3%. The Company would like to clarify a significance change of the Group’s operating results were summarized as follows: 1. Revenue from sales and services for the six-month period of 2017

equivalent to (1%) in 2019 comparing to the previous year. Total Expenses: An increase by 2% of expenses from the year before mainly affected by the new law regarding employee benefit which has been effective

120.70mb ( 2018: 97.62mb) , increased by 23.08mb or 23.6% . SG&A consists of mainly indirect staff costs, office rental and depreciation & amortization. The increase in SG&A is mainly attributed to the

and service income in 2019 was Baht 789 million, an increase of 15% from the previous year, mainly from an increase in the Company’s underwriting fees and an increase in the mutual fund management fees

0.4% increase compared to 2016, fee and service income came mainly from mutual fund management fees, registrar and custodian fees and private fund management fees from ONE Asset Management Limited (The

from Baht 166.8 million to Baht 187.1 million, increasing Baht 20.3 million. The increase in administrative expenses mainly derived from employee benefit expenses and pre-operation expenses as the result