Bitcoin or Gold for a Diversifier? Tales of Before and During COVID-19 Crisis Financial Literacy and Fintech Adoption for Quality of Life Yosuke Kakinuma Chiang Mai University Business School SEC

liquidated, 90% of which was ready-to-move-in projects completed before 2019. The sales volume was 6.3 billion THB. The other 10% was new projects launched in 2019. There were 6 projects with the sales volume

projects launched, sales volume and backlog as of 31st March 2020 The sales volume in Q1/2020 is 2.62 billion THB i.e. 2.1 52.92% are ready-to-move-in projects completed before 2020 comprising 36.77

move towards Green Businesses targeting renewable energy, material recycling and eco management. To pursue its business strategy, 36 MW solar farms in Thailand have been acquired in late 2016 and during

Padaeng Industry Public Company Limited and its subsidiaries ( “ the Company” ) reassessed its business structure to move towards Green Businesses targeting renewable energy and real estate business. To

128.91 22.69 71.37 55.31 Administrative expenses 51.79 3.90 40.34 7.10 50.9@ 3.80 40.05 7.05 11.45 28.38 Profit before financing costs and income tax expense 203.93 15.37 39.82 7.01 225.2+ 16.79 40.24 7.08

million baht. And the presale from condominium project approximately 3,170.5 million baht, and are ready to move approximately 3,733.0 million baht. The first quarter of 2020, the company focuses on ready

including ready to move approximately 3,689.4 million baht. The quarter 2/2020, The Group focuses on ready to move projects which will gradually recognize revenue within this year. In 2020, The Group has

million THB from 2017. It is the income recognized from 11 projects completed in 2018, 54% of which is recognized from sales of the projects and 46% from the liquidation of ready-to-move-in projects

%. The income from rental and service fee and management fee increases 37.58% and 20.52% respectively. Moreover, in order to sell ready-to-move-in projects, the sales promotion costs (excluding ownership