result, the revenue of Q2–2020 was lower. In terms of total operating expenses in Q2–2021 increased in line with the increased in revenue at a similar rate comparing to Q2–2021 and Q2–2020. This is because

minimum return an investor can expect on any asset is usually the same risk-free rate of return combined with a margin of return to compensate for the risk (Murphy, 1990) 3 Background(Cont.) •Cryptocurrency

13.06% Loss on exchange rate 31 126 -95 -75.43% Expected credit losses (reversal) -10 -15 5 -31.23% EBIT before share of profit (loss) from investment in associates and joint venture 187 150 37 24.49

. 3) Gradual expansion of private consumption as consumer confidence continues to improve and 4) Other supporting factors, namely public and private investments and proposed stimulus schemes, such as

any large-scale or high- value projects like those in 2020 and 2021. However, when the situation of the COVID- 19 epidemic began to improve, the project operation in 2 0 2 2 became more convenient and

from additional investment in machinery to improve production efficiency, reduce production cost, and prepare for increased level of production; 3) lower sales proportion in Branded domestic sales which

investment in machinery to improve production efficiency and reduce production cost, in order to prepare for an increased level of production in the future.  Q3/2017 net profit rebounded remarkably by 27% QoQ

the same rate as 2019 as follows: - The Meeting Remuneration: Meeting Remuneration 2020 (proposed) (Baht) 2019 (Baht) Board of Directors per meeting per meeting - Chairman of Board of Directors 16,500

exchange rate (22.3) (1.6 %) - - - Net Profit before Tax 200.1 14.2 % 257.5 20.4 % (22.3 %) Corporate Income Tax (40.1) (2.9 %) (55.4) (4.4 %) (27.7 %) Net Profit 160.0 11.4 % 202.1 16.0 % (20.8

Total Revenues 4,432 4,888 -455 -9.32% Sales and service income 4,244 4,747 -503 -10.60% Gains on Exchange rate 108 52 56 107.01% Other Income 80 88 -8 -9.09% Cost of Sales and Services 3,848 4,214 -366