in the establishment of overseas subsidiaries resulting in the increase of travel and other relevant expenses. Despite of the effect from the change of compensation rate prescribed by law, reversed

the rest of the year. In general, fixed costs will reduce due to Covid-19 restrictions on travel and mitigation plans in place for fixed cost savings in all departments. On the variable cost side stone

changed to used new channel market particularly online and digital technology. This situation impacts overall business and industries particularly retails, restaurant, entertainment, airlines and travel

, selling expenses have decreased by 6.63% year-on-year. Most selling expenses vary according to sales. Core selling expenses are salaries, bonuses, sales staff commissions, travel and vehicle expenses of the

, employee and management benefits, office rental, travel expenses, and professional fees. In Quarter 1 of 2020, the decrease in administrative expenses is mainly due to (1) THB 0.59 million decrease in

-19 is therefore required to comply with the Social Distancing measures, resulting in reduced travel expenses abroad. Administrative expenses of the company for the three-month periods ended March 31

, travel expenses, and professional fees. In Quarter 2 of 2020, the decrease in administrative expenses is mainly due to (1) THB 0.59 million decrease from the expenses related to the preparation for listing

driven by global trade recovery and well-performing trading partners’ economies. Also, tourism sector robustly expanded, reflected from an increasing number of international tourist arrivals especially

through big wholesaler stores in most provinces and supporting smaller retailers through sales materials. Besides the distribution disruption, negative factors affecting tourism in Thailand still emerged

area could be developed and improved into the center of transportation and logistics, cultural tourism and important processing industry of the country. As a result, the Company has an idea of developing