shares of GLAND equivalent to 50.43% of total issued and paid-up shares, for THB 10,162 mn, or at THB 3.10 per share, from a group of major shareholders in GLAND. • Subsequently, CPN Pattaya made a tender

., (“CPN Pattaya”), a wholly owned subsidiary of CPN, acquired shares of GLAND equivalent to 50.43% of total issued and paid-up shares, for THB 10,162 mn, or at THB 3.10 per share, from a total of 5

3,232,042,300 issued shares. After FIDF received the borrowed shares from Trinity securities, FIDF held 1,480,000,000 of BAM’s shares in total, or equivalent to 45.8% of the overall issued and paid shares. 1.3

the total of 3,232,042,300 issued shares. After FIDF received the borrowed shares from Trinity securities, FIDF held 1,480,000,000 of BAM’s shares in total, or equivalent to 45.8% of the overall issued

accounting for 22.68% . Such decrease derived from the revenue from coach services decreased by 31.11 million Baht. Gross Profit and Gross Profit Margin In 2017 and 2018, the Company’s gross profit was 933.45

equity net of cash and cash equivalent and short-term investments Table 4: Key Financial Ratios 4Q 3Q 4Q YoY FY FY YoY 2018 2019 2019 (%) 2018 2019 (%) Profitability Ratio Gross profit margin (%) 50% 50

2019 to Baht 11,485 million and 33.4% y-on-y in Q4’2019 to Baht 2,938 million due to portfolio expansion through project COD and the acquisition as mentioned. • EBITDA margin increased to 26.0% in 2019

year at 50.6%). On a same- store basis, operating profit margin rose 0.8% YoY (the first six months of 2019 rose 0.2% YoY). CPN can maintain the gross profit ratio of rent and services business at

2,808 million and 13.8% y-on-y in 6M’2019 to Baht 5,221 million due to portfolio expansion through COD and acquisitions as mentioned. • EBITDA margin increased q-on-q to 25.8% in Q2’2019 from 1) a 2.4% q

overall economic performance and within the established targets. Our net interest margin (NIM) equaled 3.47 percent – slightly higher than the preceding quarter. Even though our cost to income ratio rose