store-related expenses did not increase significantly. Q4/2019 vs Q4/2018YoY • In 2019, gross profit was THB 773 million which increased by THB 191 million or 33% from 2018. The increase reflected the
management fee. The growth in the operating business is also reflected in cost of sales which came to THB 387mn, an increase of THB 62mn or 19.0% YoY, primarily from higher sales, an increase of Transit media
83mn, decreasing by 21.7% or THB 23mn, mainly due to lower revenue from Bangkok Smartcard System Co., Ltd.’s system and project management fees. The growth in the operating business is also reflected in
increased by THB 172 million or 41% from 9M/2018. The increase reflected the accumulated impacts of the increase in gross profit of Q1, Q2 and Q3 compared to the same period of last year. The increase was
management fee and the lead to insurance and credit card website. The growth in the operating business is also reflected in cost of sales which came to THB 1,535mn, an increase of THB 266mn or 21.0% YoY
reflected in the EBITDA of THB 609 million, up 54.4% yoy, and net profit of THB 231 million, up 632.0% yoy. For core business, excluding the gain from the aforementioned sale of investments and employee
the regional production hub remains strong, but also reflected the potential and strength of WHA Group’s industrial estates, which can fully support the needs of both local and international customers
by significant increase in device sales due to the low baseline from lockdown last year. Core service revenue was Bt97,575mn, flat YoY, and reflected prolonged economic impact due to weak consumer
subsidiaries. C. Legal Proceedings Provide information on any legal or arbitration proceedings (including any governmental proceedings pending or known to be contemplated) that may have, or have had in the