Promotion Operation Review ... 1 The effect of natural disaster on earnings management Supavinee Jevasuwan Kasetsart University SEC Working Papers Forum 19th August 2015 2 Research Question 3

increased by 609.18 million baht or 55.61% from 1,095.42 million baht in Q2/2019 to 1,704.60 million baht in Q2/2020 because of the promotion campaign in ready to move-in projects in Q2/2020 including the

with the second quarter of 2017 increased from THB 35.59 million to THB 48.22million or increased THB 12.63 million or 35.49% because the Company use more cost of promotion and advertising of aforesaid

previous year, mainly due to the first 6 months of 2020, the Company has rental revenue from end-aisle product shelves and promotion programs decreased, which the increase or decrease of revenue from end

sales promotion. 4. The company had higher income tax expenses of Baht 18.92 million due to the increased profit. .../2 Translation - 2 - The company hereby reports to the SET accordingly. Sincerely yours

sales in this quarter; - Wholesales/Retails up 4% due mainly to the sales increase from company Lighting Solution Centers at both Ratchadapisek and Ratchapruk branches; - Whilst Export rose 36% as the

quarters in 2019; - Wholesales/Retails sales up 8% Y-O-Y thanks to same-store sales increase from theirs Lighting Solution Centers at both Ratchadapisek and Ratchapruk branches; - Export sales up 12% Y-O-Y

Activities decreased to 22 million Baht was a result of the postponement of projects in Vietnam as well as last year the company had sold a large number of LED lighting luminaires to an Australian Retail Chain

increase in same-store sales figures from company Lighting Solution Centers at both Ratchadapisek and Ratchapruk branches; - Export flat Y-O-Y due to delivery postponement of some projects in Malaysia and

thanks to the increase in same-store sales figures from company Lighting Solution Centers at both Ratchadapisek and Ratchapruk branches; - Export sales jump 55% Y-O-Y due primarily to the favorable growth