more severely felt in Q2 2020 and the Thai GDP is expected to contract by about 10% for the Full year 2020. Timely Government interventions to boost the economy are helping in gradual recovery of the

as per BOT estimation. Timely Government interventions to boost the economy are helping in gradual recovery of the economy and we expect improvement in the overall HR consumption and pricing going

resulted as the gradual discontinuation of the loan interest from Veranda Residence Hua-Hin project capitalized as construction costs after completion and the transfer of ownership. Net profit and net profit

of 2020, finance costs amounted to THB 2.81 million, a THB 0.76 million or 21.25% decrease from the same period of the previous year (Quarter 3 of 2019: THB 3.57 million) following gradual repayment of

previous year due to the gradual delivery of the completed project work to customers during the period. o Withholding tax deducted at source increased from previous year total of Baht 22.11 Million

the following factors: 1) gradual relaxation of COVID-19 epidemic control measures and progress in vaccination 2) the impact of outstanding demand from the previous quarter and 3) government policies

to raise the policy interest rate by 0.25% per, total 4 times in roll, resulting in the increment of policy rate of 1.00%, to 1.50% per year. As at the end of fiscal year 2022, despite the gradual

recorded finance costs of Baht 17 million, an increase of 184% YoY due to higher borrowings as a result of gradual investments in machinery, subsidiaries, and joint ventures both in Thailand and overseas

increase of 34% YoY. Administrative expenses to sales increased to 9.6%, an increase from 7.2% in Q4/2016, resulted from higher personnel expenses including additional employment in a new subsidiary, gradual

E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the