period last year but slightly dropped 5.2% from last quarter due to electric vehicle business slowdown and telecommunication technology life cycle impact . Gross profit of this quarter amounted to Baht

from the first inspection cycle (2010-2012) to 2019, the first year of the 4th inspection cycle (2019-2021), showed promising overall improvement despite the SEC’s more intensive inspection in several

and Exchange Commission Independent Audit Inspection Activities Report Independent Audit Inspection Activities Report for the 1st Cycle 1 October 2010 - 31 December 2012 Introduction Quality Assurance

be determined by the parent company. ● Once the consolidation approach has been decided, all business units under parent company should apply the same approach. Consolidation of approach 23 SCOPE 2

second-cycle audit inspection with a more robust inspection plan, in response to current audit environment and the deficiencies found during the first cycle. The results, thus far, have shown significant

days 66 69 72 Cash Conversion Cycle days 84 81 75 Finanial data and profitability ratios Sales revenues million baht 53,067 49,224 46,887 %change (%) 7.8% 5.0% (0.11%) Gross profit million baht 12,123

consolidation of the acquired hotel business in Europe. 2) Revenue from the office for rent business of Baht 38.6 million from office building in London, U.K. 3) Other revenue of Baht 82.5 million, which grew by

. The increase was predominantly due to the consolidation of the acquired hotel business in Europe. 2) Revenue from the office for rent business of Baht 40.9 million, which grew by Baht 31.4 million or

payment period days 67 66 71 Cash Conversion Cycle days 89 84 80 ial data and profitability ratioscFinan Sales revenues million baht 51,172 53,067 49,224 %hangeC (%) (3.6%) 7.8% 5.0% Gross profit million

days 69 72 63 Cash Conversion Cycle days 81 75 66 Finanial data and profitability ratios Sales revenues million baht 49,269 46,887 46,938 %change (%) 5.1% (0.11%) 6.51% Gross profit million baht 12,547