in the central business area. The strategy of the Company has thus been adjusted to be in line with the market condition and business. The Company has turned to the rental market as a measure of risk

loss in Q1 2020 but turned profitable in Q1 2021. 3) Lower tax expenses. 2) Financial Position Analysis (Unit : Million Baht) March December Change 2021 2020 Amount % Change Total Assets 23,138 22,346

, private consumption growth turned out to be stronger than expected, boosted by car sales which had accelerated since late 2017 after demand for car purchases was brought forward in response to the 2012-2013

budget for the digital and online media has been increasing continuously. This is because consumers’ behavior in the digital age has drastically changed from the past. Digital, online and internet media

disturbed by sharp decline in Chinese tourists, turned off by series of unfortunate events. The Chinese tourists are one of a key customer of the company. Consequently, domestic sales experienced a 1 6.69

and service were difficult due to the weak purchasing power. Since the consumers were price- sensitive, together with a high competition in the market, some entrepreneurs turned to reduce their

lockdown offset by improving bad debt expense. Net FX loss was Bt181mn in 3Q20, turned negative, compared to FX gain of Bt344mn in 2Q20 as THB had depreciated against USD and increased capex payable. Finance

August 2018 also turned Chalarm sales to near breakeven (-0.7% YoY in 2018, improved from -15% YoY pre-launch to +18.0% YoY post launch of Chalarm Black Galingale). Also, M-Presso (NPD launched in February

rental from lock down Net FX gain was Bt344mn in 2Q20, turned positive, compared to FX loss of Bt422mn in 1Q20 as THB had appreciated approximately 5. 4% QoQ against USD and higher Capex payable compared

to lower bad debt provision while decreasing -11%QoQ due to some seasonal staff-related expenses. Net FX loss was Bt223mn, turned negative, compared to FX gain of B263mn in 4Q20 due to THB depreciation