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Published by event9 Marketing, 2024-06-20 22:24:59

mai Company Snapshot EN 2024

maiSnapshot3M24EN_20240621a

HPT : HOME POTTERY PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Home Pottery Public Company Limited or HPT operates as a manufactures and distributes Fine china tableware. Central Hospitality Company Limited or CHL selling complete kitchen equipment under the slogan "Complete ready for food service business" Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 72.12 68.57 298.32 325.42 Expenses 64.34 64.27 273.89 281.53 Net Profit (Loss) 7.27 4.07 23.63 35.07 Balance Sheet (MB) Assets 374.04 374.06 375.22 365.62 Liabilities 48.25 49.21 56.72 44.85 Shareholders' Equity 324.92 324.03 317.65 319.97 Cash Flow (MB) Operating 13.38 6.41 24.55 37.02 Investing -2.10 2.46 -33.71 -51.72 Financing -12.53 2.78 -12.79 -26.14 Financial Ratio EPS (Baht) 0.01 0.01 0.04 0.05 GP Margin (%) 25.50 17.06 22.56 25.49 NP Margin (%) 10.11 5.94 7.94 10.81 D/E Ratio (x) 0.15 0.15 0.18 0.14 ROE (%) 8.27 9.69 7.41 11.19 ROA (%) 7.65 10.26 6.79 12.07 Business Plan · The company plans to increase production capacity by 30- 40% within 3-5 years. · The company has managed the cost to prepare for higher competition. The company has a product development department. Always search for new sources of raw materials to control production costs including having a product development department that understands. The manufacturing process can reduce waste during production from the design stage. At the same time, it is in demand in the market. · The company has joined with partners to produce stoneware and Life style products. · The Company has promoted the marketing and public relations of the brand PE’TYE, which is the company's brand and expanding new customer bases in various countries especially in the AEC. · The company has increased the distribution channel of the products in the country by establishing a full service food service company. Sustainable Development Plan The company has been conducting studies on sustainable ceramic production. By joining the project “Improve the production process to reduce energy use in firing ceramic products. and find ways to lead to sustainable production,” which is a joint study with Mahidol University. Under the project to support technology and innovation development From such research and development, the company can reduce energy consumption in burning ceramic biscuits by approximately 7.14 percent, or equivalent to a reduction in fuel energy of approximately 700,000 baht/year. Business Highlight The company has extended the biscuit kiln (from 30 meters to 41 meters) which was completed last April. Performance and Analysis Business Performance Summary For the three-month period ended 31 March 2024, the Company generated a revenue from sales of 57.44 million Baht, increasing by 19.24% when compared to the same period in the previous year, which had a total revenue of 48.17 million Baht. Mainly increased from foreign sales volume. Both in terms of selling products that the company products and the income from buying-in and sellingout the products according to the customer request. The consolidated financial statements in the three-month period ended 31 March 2024, show total sales revenue of 69.85 million baht, cost of sales of 52.04 million baht and show net profit for the period of 7.29 million baht, with increased profits from the previous year. Because the company and its subsidiaries has adjusted its strategies and promoted marketing both domestically and internationally. Causing an increase in sales volume and can control cost and expenses therefore making more profits. Key Milestones Risk Management Policy · Risk from relying on a single major customer in the Americas: The company plans to expand distribution channels to other customers in ASEAN countries, Europe and Australia to create competitiveness, including focusing on selling products through the company's own brand. · Risk from competition in the industry: The company has put in place a strategy to focus on product design to be beautiful. There are various styles. It covers every application and can modify the product form in both size and shape including developing products to meet the needs of customers. · Risk from fluctuations in fuel prices and raw materials used in production: The company has researched and developed clay and coating formulas. By experimenting with new raw material sources to find similar or better raw materials to replace the old raw materials whose prices have increased by more than 30 percent. The new formula has already been adjusted for use in production. Including the company has installed a new gas tank that belongs to the company itself. To provide more energy options without being monopolized by any one vendor. · Risk from fluctuations in foreign exchange rates: The Company has a policy to manage risks by entering into forward contracts. In addition, the Company has started to sell more products domestically, which reduces the risk from exchange rate fluctuations on the other hand. Recent Awards and Recognitions Revenue Structure Revenues from export sales 77.95% Revenues from domestic sales 18.9% Others 3.15% Stock Information mai / CONSUMP Closing price HPT mai index 1.00 0.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 HPT CONSUMP mai P/E (X) 18.21 64.26 109.40 P/BV (X) 1.35 1.85 2.11 Dividend yield (%) 5.23 1.05 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 430.35 390.63 582.63 Price (B/Share) 0.65 0.59 0.88 P/E (X) 18.21 18.23 14.75 P/BV (X) 1.35 1.21 1.85 CG Report: Company Rating: Major Shareholders as of 13/03/2024 นาย นิรันดร์เชาว์กิตติโสภณ (27.37%) MRS. WANNEE CHOURKITTISOPON (8.31%) นาย ธีรนาท งามจิตรเจริญ (5.59%) MR. ANUCHA SAENGCHAROENWANAKUL (4.90%) น.ส. NIJAWAN CHOURKITTISOPON (3.41%) Others (50.42%) Company Information and Contact http://www.homepottery.com [email protected] 089-191 9071 119 Moo 15 Sopprap Lampang-Tak Road, Tambol Sopprab, Amphur Sopprab Lampang 52170 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=HPT Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 16/05/2024 49


ITNS : INTERNATIONAL NETWORK SYSTEM PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Business operators in information and communication technology business which is the designer and installer of a network system and a complete communication system (SI : System Integrator), including selling equipment used in information technology and communication, providing service on equipment repair and maintenance as well as equipment rental business. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 124.29 155.03 689.54 551.96 Expenses 111.08 142.12 615.79 483.45 Net Profit (Loss) 10.91 10.68 62.84 55.27 Balance Sheet (MB) Assets 554.82 699.05 576.07 666.49 Liabilities 95.81 238.92 127.98 217.04 Shareholders' Equity 459.01 460.13 448.09 449.45 Cash Flow (MB) Operating -9.70 1.27 -3.97 82.82 Investing 0.73 -6.68 -7.80 -63.51 Financing -0.10 -0.10 -64.89 203.53 Financial Ratio EPS (Baht) 0.05 0.05 0.29 0.34 GP Margin (%) 17.98 14.93 16.44 18.23 NP Margin (%) 8.78 6.89 9.07 10.01 D/E Ratio (x) 0.21 0.52 0.29 0.48 ROE (%) 13.72 11.37 14.00 17.33 ROA (%) 12.53 9.36 12.59 14.88 Business Plan The company plans to increase revenue and profit from sales and installation of information and communication technology systems. by offering a complete range of solutions to existing customers and new customers The company plans to increase revenue and profit from the Maintenance business, which is a recurring income by expanding services to existing and new customers. to create continuity in revenue for the company The company plans to expand the computer network equipment rental business. This is a recurring income. The equipment rental business will be able to create sales opportunities to customers with financial constraints and customers who want to constantly change technology to be up to date. It also creates continuity in revenue for the company in another way. The Company plans to invest in businesses related to the Company's business. So that the company can grow in all aspects and help promote the expansion of the company's market base. The Company plans to increase income by selling and providing installation services for solar cell systems and other related systems. Sustainable Development Plan ITNS has placed importance on profitable growth, along with the importance of sustainable business growth. It has ties to ESG in terms of creative use of technology and environmental friendliness. Taking into account the impact on stakeholders in all aspects and conducting business with good governance Business Highlight • In Q1/2024, the company has a net profit of 10.91 million baht. • The company has a backlog as of March 31, 2024 in the amount of 198 million baht, which will recognize revenue in 2024 in the amount of 146 million baht and the rest will gradually recognize revenue in 2025-2028. • Equipment and network rental business as an alternative for customers, which will allow the Company to have more distribution opportunities and create continuity of income for the Company • The company plans to invest in other companies whose businesses are related to enable the company to grow in all aspects and to expand the market base even more. • The company has planned to expand into businesses related to sustainability, including solar energy. Performance and Analysis Business Performance Summary In Q1/2024, the company had a total income of 123.40 million baht, a net profit of 10.91 million baht, increased 0.23 million baht or an increase of 2.15% compared to same period of the previous year, The increase was mainly due to effective control of cost of sales and services, distribution costs, and administrative expenses. Key Milestones 2023 Highest Growth Award FY2022 Enterprise Network Solution From Synnex (Thailand) PCL 2022 Established a joint venture SPIT Operate the business of renting network system for the Industrial Estate Authority of Thailand. Increased registered capital to 220 million baht and transformed into a public company and listed on the mai Stock Exchange 2020 Cisco Gold Certified Partner, and received the Best Dealer Awards 2020 from VST ECS (Thailand) 2020 The registered capital was increased to 150 million baht 2011 the registered capital was increased to 10 million baht and the name was changed to International Network System Co., Ltd. 2002 Registered company establishment with a registered capital of 1 million baht Risk Management Policy ITNS has a risk management committee to control the Company's risk management to be at an appropriate level. There is effective and efficient risk management that covers all aspects of the Company's risks. For example, the company's business risks. • The risk of not being able to renew the business alliance contract from CISCO • The risk of relying on distributors • The risk of relying on large customers • The risk from technology change • The risk from discontinuity of income • The risk from late delivery and fines • The risk of relying on experienced executives and personnel and have ability Recent Awards and Recognitions Cisco Gold Certified Partner Highest Growth Award FY2022 Enterprise Network Solution From Synnex (Thailand) PCL Best Dealer Awards 2019 - 2020 From VST ECS (Thailand) Co., Ltd. Excellent Partner Awards 2019 From SIS Distribution(Thailand) PCL Cisco FY16 Partner Plus Winner’s Circle Cisco Thailand and Indochina Partner Conference 2017 FY16 Premier Partner of the Year Revenue Structure Selling and Installation 74.47% Repair and Maintenance 23.82% Rental 1.53% Others 0.18% Stock Information mai / TECH Closing price ITNS mai index 5.00 3.00 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 ITNS TECH mai P/E (X) 7.92 32.19 109.40 P/BV (X) 1.11 2.71 2.11 Dividend yield (%) 5.21 1.80 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 523.60 677.60 924.00 Price (B/Share) 2.38 3.08 4.20 P/E (X) 7.92 10.19 19.12 P/BV (X) 1.11 1.49 2.07 CG Report: Company Rating: Major Shareholders as of 07/03/2024 Mr. somchai Oumkratum (43.41%) MIiss Korrakoch Oumkratum (10.00%) International Network System Public Company Limited (5.00%) Mr. Saran Supaksaran (4.75%) Miss Nattaya Nanthawanid (2.73%) Others (34.11%) Company Information and Contact https://www.itns.co.th [email protected] 0-2513-7637 Ext.895 No. 3300/106-107, Elephant Building, Building B, 20th Floor, Phahonyothin Road, Chomphon, Chatuchak Bangkok 10900 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=ITNS Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 16/05/2024 50


ITTHI : ITTHIRIT NICE CORPORATION PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Distributor of electronic devices, consisting of lighting products and IET-type equipment. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 158.39 52.29 440.48 227.89 Expenses 149.51 48.26 409.22 200.86 Net Profit (Loss) 8.88 4.03 23.20 21.15 Balance Sheet (MB) Assets 458.45 412.16 501.18 201.56 Liabilities 103.33 84.91 154.94 78.81 Shareholders' Equity 355.12 327.24 346.24 122.75 Cash Flow (MB) Operating 42.44 17.90 -107.94 32.58 Investing -0.54 -0.11 -2.99 -0.88 Financing -1.01 199.11 193.66 -37.15 Financial Ratio EPS (Baht) 0.03 0.02 0.09 0.13 GP Margin (%) 17.93 36.01 22.42 33.57 NP Margin (%) 5.61 7.70 5.27 9.29 D/E Ratio (x) 0.29 0.26 0.45 0.64 ROE (%) 8.22 6.12 9.89 16.52 ROA (%) 8.98 6.77 8.71 14.67 Business Plan The Company has expanded its business to Smart City Pole and Smart Agriculture Pole. Sustainable Development Plan The Company operates its business regarding the sustainable development guidelines under the framework of good corporate governance. The Company takes care and treats all stakeholders. The Company has the plan for greenhouse gas emission reduction by using replacement energy, which has installed the solar rooftop panels of the warehouse at the Company's head office. It can generate electricity from solar cells of 38.524 tons of carbon dioxide equivalent. In 2023, the Company was honored the Letter of Recognition regarding Low Emission Support Scheme (LESS) by Thailand Greenhouse Gas Management Organization (TGO). Business Highlight The Company’s goal is to be a leader about the innovative lighting product business in Thailand. Performance and Analysis Business Performance Summary Summary of operating results For the Company Financial results three-month period end of 31 March 2024 1. The Company had a total revenue of Baht 158.39 million, an increase of Baht 106.10 million or 203 % from the prior same period. This was caused by · The Company was able to sell lighting products to governmentrelated projects customers greatly increased of Baht 103 million form the procurement project for innovation lighting products that have been registered by the government. · The Company was able to sell lighting products to developer projects customers increased at the rate of 20% due to the situation of the real estate development business in 2024, projects customers have expanded the construction. 2. The Company had a total Net Profit of Baht 8.88 million, an increase of Baht 4.85 million or 120 % from the prior same period. This was mainly due to an increase in revenue from sales of government-related projects customer group and the lighting products distribution business, and the Company was able to control the cost of sales in terms of procurement planning and warehouse and transportation managements. Key Milestones Important developments 1999: The Company’s establishment registered on September 13, 1999 under the name Itthirit Electric Limited Partnership. 2014: Changed the name to Itthirit Electric Company Limited, expanding the business of selling solar cell products and modern innovative products. 2020: Changed name to Itthirit Nice Corporation Company Limited. 2023: The Company entered trading on the MAI Stock Exchange in the consumer products category on March 22, 2023 and expanded the business to Smart City Pole and Smart Agriculture Pole. Risk Management Policy Important manufacturing companies The Company has concerned regarding the risk management with monitoring of the situations and business trends periodically closely for managing and adaption its business through the slow down economy. The Company has focused the cooperation from business partners to enhance the new products creation and distribution channels, and the strategies for developing of products and delivery the value to customers. Risk from the competition in the industry At present, the demand for the real estate group of Thailand has clearly slowed down due to concerns among final customers about the impact on the household sector economy. Meanwhile, such decreased demand may have consequences for the domestic construction sector, both direct factors from decisions to delay or cancel construction by employers and indirect factors from stopping construction from the command of government officials. This impact has affected entrepreneurs in the real estate and construction groups, which are the main customers groups of the Company, to delay orders for the Company's lighting products and some distributors in this business by use price war strategies, which may cause the Company to be affected in terms of reduced revenue and profit margins. Recent Awards and Recognitions Revenue Structure Distributor of lighting products 99% Others 1% Stock Information mai / CONSUMP Closing price ITTHI mai index 4.00 2.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 ITTHI CONSUMP mai P/E (X) 25.84 64.26 109.40 P/BV (X) 1.73 1.85 2.11 Dividend yield (%) - 1.05 1.80 29/03/24 28/12/23 - Market Cap (MB) 599.40 429.30 N/A Price (B/Share) 2.22 1.59 N/A P/E (X) 25.84 14.23 N/A P/BV (X) 1.73 1.25 N/A CG Report: - Company Rating: Major Shareholders as of 12/03/2024 นาง มณีวรรณ์อัครบุญญาพัฒน์(22.22%) นาย ไตรสิทธิ�อัครบุญญาพัฒน์(22.22%) นาย ธนเสฏฐ์อัครบุญญาพัฒน์(21.48%) นาย บัญชา เกียรติสุขสถิตย์(2.52%) MISS VIPAWALEE WATJANAPINYO (1.35%) Others (30.21%) Company Information and Contact http://www.itthi.co.th [email protected] 0-3487-2577,0-3444-6258,0-3444-6265 89/18-19 Moo 5, Phanthai Norasing, Mueang Samut Sakhon Samut Sakhon 74000 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=ITTHI Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 23/05/2024 51


JAK : JAKPAISAN ESTATE PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Real estate development business for sale Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 51.69 24.64 282.45 89.38 Expenses 46.37 25.73 227.54 91.69 Net Profit (Loss) 0.76 -2.58 31.76 2.60 Balance Sheet (MB) Assets 831.80 856.21 810.27 812.86 Liabilities 370.65 430.16 349.89 384.24 Shareholders' Equity 461.15 426.04 460.39 428.63 Cash Flow (MB) Operating -19.45 -38.48 69.01 -137.66 Investing -0.03 -0.10 3.95 -0.74 Financing 11.52 40.80 -65.68 129.78 Financial Ratio EPS (Baht) 0.00 -0.01 0.10 0.01 GP Margin (%) 39.79 38.07 41.86 36.53 NP Margin (%) 1.47 -10.47 11.24 2.90 D/E Ratio (x) 0.80 1.01 0.76 0.90 ROE (%) 7.91 0.41 7.15 0.61 ROA (%) 7.01 1.40 6.72 1.26 Business Plan Sustainable Development Plan The company is committed to conducting business and creating sustainable growth for the business. Always under good corporate governance, taking into account the environment, society and good governance. (Environmental, Social and Governance: ESG) and in line with the Sustainable Development Goals of the United Nations (Sustainable Development Goals: UN SDGs). This intention will help promote the company's operations towards sustainability and grow steadily From the Board of Directors' meeting No. 2/2023 on May 11, 2023, the Company approved sustainability policies and practices (ESG) with guidelines for environmental, social, and governance responsibilities. The company's policies are used to guide the risk and opportunity analysis process to balance business growth and impact mitigation. We continue to aim to invest in projects that we believe will create long-term economic and social change and improvements. which these operations It will help us achieve our vision. in providing operations The details are as follows: 1. environmental sustainability 2. Social sustainability 3. economic sustainability Business Highlight Revenue from sales in the First Quarter of 2024 were 51.02 million baht, an increase of 26.79 million baht or a 110.57% increase when compared to the same period last year. Due to recognize revenue from sales on the Gardenia Pattaya and the Canna Khlong Song, which in the first quarter of 2023 are currently under construction and begin transferring ownership in the 3rd quarter of 2023. Performance and Analysis Business Performance Summary Revenue from sales in the First Quarter of 2024 were 51.02 million baht or 98.80% of the revenues, an increase of 26.79 million baht or a 110.57% increase when compared to the same period last year. The revenue increase from on-going Project Canna Pattaya and recognize revenue from sales on the Gardenia Pattaya and the Canna Khlong Song, which in the first quarter of 2023 are currently under construction and begin transferring ownership in the 3rd quarter of 2023. In the First Quarter of 2024, the Company reports profit of 0.76 million baht or 1.47% of the total revenues, an increase of 3.34 million baht or a 129.46% when compared to the same period last year because in 2024 the Company have revenue from sale and gross profit increase. Key Milestones Revenue from sales in the First Quarter of 2024 were 51.02 million baht or 98.80% of the revenues, an increase of 26.79 million baht or a 110.57% increase when compared to last year. The revenue increase was due to economic recovery situation. The company benefits from the opening of the country where foreigners come to invest in condominium real estate. Foreign clients have responded well to the Gardenia Pattaya project as a consequence. Risk Management Policy For the risks that the management team Risk Management Committee The Board of Directors closely monitors and evaluates the situation. Risk from income not being as expected / Risk from construction not being as planned / Interest rate risk / Risks related to housing lending policies of financial institutions / Risk from not having enough products for sale (Inventory stock) to meet customer needs. / Risks from controlling construction costs Recent Awards and Recognitions Revenue Structure Sales of properties 98.78% Others 1.22% Stock Information mai / PROPCON Closing price JAK mai index 2.00 1.50 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 JAK PROPCON mai P/E (X) 12.59 - 109.40 P/BV (X) 0.87 2.56 2.11 Dividend yield (%) 4.00 1.33 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 400.00 432.00 467.20 Price (B/Share) 1.25 1.35 1.46 P/E (X) 12.59 16.24 - P/BV (X) 0.87 0.96 1.10 CG Report: - Company Rating: Major Shareholders as of 13/03/2024 MR. WEERAPHAN JAKPAISAN (49.50%) MISS SUNISA JAKPAISAN (7.53%) นาย ณัฐพงษ์จักรไพศาล (7.42%) นาย METHA ANGWATANAPANICH (5.69%) MR. HIROSHI KIKUCHI (4.69%) Others (25.17%) Company Information and Contact http://www.jakpaisanestate.com 0-2157-1958 153/3, Moo 6, Bangpoon, Amphue Muang Pathum Thani 12000 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=JAK Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 22/05/2024 52


JCKH : JCK HOSPITALITY PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview JCK Hospitality Public Co., Ltd. has operated 2 main businesses: 1. Restaurant business: Buffet style, A La Carte restaurant (A La Carte) as well as restaurants with comfortable seating (Casual Dining. There is also a food factory including a warehouse system and standardized transportation that are able to control food quality and raw materials to meet the Company’s standardization. 2. Real estate business: Office building 6-floors with a basement located in the central business area Sathorn, Bangkok and Business of two 7-floors residential buildings in Chiang Rai Province and a 7-floors hotel business with a swimming pool in Chiang Rai Province. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 48.74 81.01 397.60 543.56 Expenses 76.73 145.12 471.39 733.99 Net Profit (Loss) -38.28 -73.28 -108.86 -227.54 Balance Sheet (MB) Assets 1,462.81 1,112.62 1,498.61 1,181.57 Liabilities 1,040.91 1,070.05 1,038.44 1,113.09 Shareholders' Equity 421.90 42.57 460.18 68.47 Cash Flow (MB) Operating -8.98 3.32 18.34 -46.06 Investing 0.62 1.29 -78.04 -39.74 Financing 10.71 -9.65 52.24 85.85 Financial Ratio EPS (Baht) -0.01 -0.03 -0.03 -0.13 GP Margin (%) 43.47 37.73 44.06 49.50 NP Margin (%) -78.54 -90.46 -27.38 -41.86 D/E Ratio (x) 2.47 25.13 2.26 16.26 ROE (%) -31.80 -614.35 -41.19 -551.23 ROA (%) -2.93 -17.37 -5.51 -16.02 Business Plan The Company is committed to operating the restaurants business to grow and gain popularity continuously. By focusing on the customers (Customer Centric) in order to create a good experience in the service. There are trainings for employees to improve the service. Sustainable Development Plan The Company has policies and plans for sustainable business operations. By focusing on maintaining the standard quality of products and services as well as constantly innovating and developing in all aspects, taking into account resources society and the environment. Business Highlight The Company has operated various style of restaurants that can cover all customers target group, such as 1. Japanese style premium shabu buffet served in a private pot. Under the trademark “SHABU TOMO” 2. Chinese restaurant dim sum and premium seafood. Under the trademark “ZHENG DOU GRAND” 3. Korean style grill buffet. The first legend of delicious grilling style. Under the trademark “DAIDOMON Korean Grill” 4. Suki Shabu restaurant buffet for everyone in the family. Under the trademark “HOT POT BUFFET” 5. Recently mala belt shabu serving happiness over the conveyor belt. Under the trademark “AI HUO GUO” Performance and Analysis Business Performance Summary As of 31 March, the Company had a total income of MB 48.74, consisting of income from sales MB 34.92, other income MB 13.82. The total cost of goods sold was MB 19.74 consisting of the cost of goods and administrative expenses was MB 56.99 Cost of selling and distribution MB 30.10. Cost of administrative MB 26.88. The Company had financial expenses of MB 10.10. The Company had a net loss of MB 38.28. As of 31 March 2024, The Company has total assets of MB 1,462.81, total liabilities of MB 1,040.91, and shareholders' equity of MB 421.90. Debt to equity ratio (D/E) excluding TFRs 16 equal to 2.23 Book value per shares 0.06 baht. Debt to equity ratio (D/E) excluding TFRs 16 equal to 0.04. Liquidity ratio excluding TFRs 16 equal to 0.01 compared to 31 December 2023. Key Milestones 1. SHABU TOMO Japanese style premium Shabu buffet - good response from customers. It is popular among customers who like to try Shabu buffet. From marketing and public relations in various channels both Off-line and On-line. 2. The Company has changed the format of the AI HUO GUO restaurant from the original A La Carte service to a Buffet service which be able to meet the satisfaction of customers and also the excellent flavor of the soup and the quality of premium ingredients with a reasonable price. Risk Management Policy 1. The Company focus on the importance of quality raw materials that meet standards from the certified sources. 2. Provide a loyalty program to give special privileges to customers in order to encourage them to repeat using the service and continue to be a good customer of the Company. 3. Customers' suggestion and comments through online channels in order to apply and improve in various aspects for both food and services. 4. Increase business alliances with Co-Partner and Co Branding to expand the customer base and also increase brand awareness. 5. Increase investment in new businesses such as property business in order to spread the risk and also to generate more income for the Company. Recent Awards and Recognitions Revenue Structure SHABU TOMO 25.55% ZHENG DOU GRAND 13.92% HOT POT 10.09% DIDOMON 4.99% BURGER & LOBSTER 4.63% AI HUO GU 2.62% Others 38.2% Stock Information mai / AGRO Closing price JCKH mai index 1.00 0.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 JCKH AGRO mai P/E (X) - 23.62 109.40 P/BV (X) 0.66 3.15 2.11 Dividend yield (%) - 3.31 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 304.40 304.40 302.90 Price (B/Share) 0.04 0.04 0.13 P/E (X) - - - P/BV (X) 0.66 0.61 2.18 CG Report: Major Shareholders as of 14/03/2024 MR. APICHAI TAECHAUBOL (24.62%) MR. ATHAWUT TAECHAUBOL (19.46%) MR. NOPPAWEE TAECHAUBOL (11.45%) บริษัท ศูนย์รับฝากหลักทรัพย์(ประเทศไทย) จํากัด เพ�ือผู้ฝาก (4.12%) MR. CHOTIWIT TAECHAUBOL (3.05%) Others (37.30%) Company Information and Contact http://www.jckhgroup.com [email protected] 0-2286-9959 TFD Building No.18 Soi Sathorn 11, yaeg 9, Khwaeng yannava, Ket Sathorn Bangkok 10120 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=JCKH Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 07/06/2024 53


JUBILE : JUBILEE ENTERPRISE PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview The Company operates a retail business for diamond jewelry and carat diamonds by importing high-quality diamond raw materials from Belgium and hiring jewelry factories and craftsmen in Thailand to produce finished products for distribution. The Company has distribution channels both in the form of branches in department stores and through online channels. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 348.58 409.94 1,579.87 1,795.12 Expenses 297.11 321.75 1,307.61 1,394.88 Net Profit (Loss) 40.59 69.01 203.22 314.38 Balance Sheet (MB) Assets 2,108.94 2,195.67 2,132.75 2,160.54 Liabilities 457.46 614.41 521.85 648.29 Shareholders' Equity 1,651.49 1,581.26 1,610.90 1,512.24 Cash Flow (MB) Operating 25.23 41.47 231.65 254.60 Investing 0.62 -13.13 -40.73 -2.08 Financing -24.68 -24.08 -198.73 -239.66 Financial Ratio EPS (Baht) 0.23 0.40 1.17 1.80 GP Margin (%) 49.23 50.10 48.56 49.77 NP Margin (%) 11.64 16.83 12.86 17.51 D/E Ratio (x) 0.28 0.39 0.32 0.43 ROE (%) 10.81 19.52 13.01 22.11 ROA (%) 10.25 16.80 11.98 18.80 Business Plan In 2024, the Company set goal for the revenue growth not less than 10% and gross profit margin not less than 45%. Thus, in order to achieve the target growth, the Company had strategy to build up Brand Awareness for all customer groups by communicate about the Brand and the outstanding attribute and quality of Jubilee’s products. However, our strategy still focuses and align with the customers' needs along with an excellent service provided by our trained diamond advisor. Furthermore, the Company has continued to invest in new technologies to help analyze the data and improve the CRM program to enhance the customer experience. Moreover, the Company always consider about customers behaviors and the external factors which is the reason why the Company can promptly adjust the strategies to respond to change in the market. Sustainable Development Plan The Company has policies and goals for sustainable business operations under the slogan “Precious Design to Empower Every Imagination." It takes its impact on the environment very seriously and pushes to create a sustainable balance across 3 areas: product, people, and environment. All stakeholders must take the principles of good corporate governance into account. Business Highlight In the 1st quarter, the Company launched a variety of new products such as "The Dragon of Prosperity" and the "Love Blooming Bliss Valentine's" collection, which were created to celebrate Chinese New Year and the festival of love. The Company also launched the "World Class Quality" campaign, which was broadcast through the first "Friend of Jubilee Diamond," "Aff, Thaksaorn," in order to communicate and create a common understanding regarding the best quality diamond and production innovation of Jubilee’s diamond jewelry. Performance and Analysis Business Performance Summary In the 1st quarter, Thailand economy still has a low growth rate compared to other countries in ASEAN, due to public investment that continues to shrink from the delay in the announcement of the annual budget. Private consumption remains under pressure from low-income households because household income recovers slowly, while household debt is high. Although tourism has recovered and the number of tourists has increased, which should support spending, but foreign tourists still focus on traveling to the main tourist cities, this results in an uneven recovery in income. Even there are stage measures to control and reduce price of certain consumer products and utility charges to stimulate the economy, but it still not enough to compensate with the impact of declining in household income. As a result, consumers are cautious when purchasing products and prioritize spending on products that are necessary for their daily lives. Also, Easy E-Receipt program can stimulate spending for a short period. As a result, the 1st quarter 2024, the Company had revenue from sales at Baht 341.3 million, decreased by Baht 65.5 million, or 16.1% from the same period of the previous year, mainly due to declining in SSS. Gross profit were Baht 168.0 million and gross profit margin for the same period of the previous year, slightly decreased from 50.1% to 49.2%, resulting to generate comprehensive income for the period at Baht 40.5 million, EPS is Bath 0.23 per share. Key Milestones Risk Management Policy The current economic outlook has economy risks from inflation, uncertainty in international relations, and rise in consumers' products price. However, the Company always promptly adjust the strategies to respond to the change e.g., the marketing strategy to reach customers who are not affected, or less affected by these situations. The Company has also expanded its distribution channels across online platforms to reach more customers. It is opening the door to a new customer base through various social media and through collaboration with business partners. In addition, the Company still has enough liquidity and working capital to use in crises and emergency situations. Costs and expenses have also been managed in an appropriate manner. Recent Awards and Recognitions 2023 • The Company received a "Very Good" rating in CGR evaluation, making an improvement from "Good" rating. • The Company received Thailand's Best Managed Companies award by Deloitte Thailand which granted to the Company with the best management in strategy, innovation, corporate culture and governance. 2020 • The Company was selected by Forbes magazine as one of Asia’s 200 Best Under a Billion 2020 list, which makes it one of only 19 Thai companies selected that earned an income of under USD 1 billion. Companies are chosen based on good revenue and earnings growth over a 3-year period as well as strong average returns per share over the past 5 years. Revenue Structure Diamond jewelry and Carat 100% Stock Information mai / CONSUMP Closing price JUBILE mai index 27.00 19.50 12.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 JUBILE CONSUMP mai P/E (X) 13.98 64.26 109.40 P/BV (X) 1.76 1.85 2.11 Dividend yield (%) 3.07 1.05 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 2,840.65 3,102.06 4,748.94 Price (B/Share) 16.30 17.80 27.25 P/E (X) 13.98 13.65 13.82 P/BV (X) 1.76 1.99 3.31 CG Report: Company Rating: Major Shareholders as of 11/03/2024 MR. VIROJ PHONPRAKIT (37.57%) MRS. SUVATTANA TULAYAPISITCHAI (7.03%) MR. PIRANART CHOKWATANA (4.82%) MR. MONCHAI LEESIRIKUL (4.02%) MISS UNYARAT PORNPRAKIT (3.59%) Others (42.97%) Company Information and Contact http://www.jubileediamond.co.th [email protected] 0-2625-1188 179 Bangkok City Tower 10th Floor, South Sathorn Road, Thungmahamek, Sathorn Bangkok 10120 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=JUBILE Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 21/05/2024 54


KJL : KIJCHAROEN ENGINEERING ELECTRIC PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Manufacturing and distributing electrical cabinets, wireway , all types of wiring devices and customized sheet metal works Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 285.55 240.75 1,087.93 1,026.07 Expenses 245.58 197.00 892.28 853.89 Net Profit (Loss) 34.62 33.65 152.46 131.63 Balance Sheet (MB) Assets 1,106.70 1,129.53 1,057.77 1,125.52 Liabilities 455.41 519.54 441.11 549.19 Shareholders' Equity 651.29 609.99 616.67 576.33 Cash Flow (MB) Operating 25.55 54.35 187.93 133.33 Investing -31.92 -55.83 -218.50 -40.07 Financing 4.91 -64.46 -266.63 255.50 Financial Ratio EPS (Baht) 0.15 0.15 0.66 1.46 GP Margin (%) 28.79 30.86 30.65 28.62 NP Margin (%) 12.12 13.98 14.01 12.83 D/E Ratio (x) 0.70 0.85 0.72 0.95 ROE (%) 24.33 21.78 25.56 33.71 ROA (%) 17.16 15.34 17.92 18.61 Business Plan KJL Brand • New product/ Brand Extension/ Develop New products to meet market needs and add more value • Sign contract "Authorized General Distributor (Tier 1)" with Schneider Electric form France • Collaborate to develop products with partnership (Schneider Electric) KJL Now!! • Expand SKUs of Ready to Delivery / Warehouse Expansion/ Customer Centric Service Design/ Digital & industry 4.0 KJL Network • Expand Authorized Dealer/ KJL Network tier3 (electrical technician) and tier 2 (electrical retail store)/ Global Expansion / CRM KJL Innovation Master • Metal Design Lab & Metal Total Solution/ Capacity Expansion/ CAPEX more than 200 MB in 2024 Sustainable Development Plan Reduce carbon footprint by using renewable energy • Invest in 1 MW solar roof • Changing internal logistic to 100% electrical forklift Develop Safety electrical working procedure standard • Organize seminar for electrician and electrical engineer to develop safety of working standardอ • Publish electrical standard manual to elevate electrical's industry safety Business Highlight • Strong & Wide moat with synergy growth • Unique Business Model & High Barrier to Entry • 36 years of expertise • Our own brand : KJL (Customer's Top of Mind) • Digital & Industry 4.0 • KJL Network (800 Retails & 5,000 Members of Electrician) • KJL Now! (Same Day Delivery) • No.1 Highest capacity and fastest delivery in Thailand Performance and Analysis Business Performance Summary Sales of goods For Q1 year 2024, sales of goods of the Company amounted to Baht 284.5 million increased from the same period of 2023 by Baht 44.87 million or increased by 18.72 percent and increase from the Q4 year 2023 by Baht 9.97 million or increased by 3.63 percent, The majority of the company's revenue still from KJL standard products which mainly consisted of standard cabinet, wireway, and pull box and from new products in 2023 which were perforated cable trays, walkway and waterproof plastic enclosures and from new product in Q1 year 2024 which was junction box. The Company has always placed importance on product quality and fast delivery and thus has gained the trust of major customers. Mainly the Company’s revenues is still from KJL standard products with a proportion of 71.57 percent of total revenue in Q1 year 2024. Net profit For Q1 year 2024, net profit of the Company amounted to Baht 34.62 million, which increased from the same period of 2023 by Baht 0.96 million or increased by 2.85 percent. Net profit margin was 12.17 percent, and increased by Baht 3.93 million or increased by 12.82 percent compared with Q4 year 2023 mainly from The Company always places importance on product quality and fast delivery and thus has continuously gained the trust of major customers. In addition, The Company maintained machine utilization rate at 70-80 percent from promotional activities during in each period. Including, the Company has implemented the industrial technology 4.0 production control systems by invest automatic machines to increase production efficiency and wellcost controlled . Moreover, The Company has receive promotional privileges for exemption from income tax for profits derived from The Board of Investment of Thailand (BOI) promoted activities. Key Milestones • Product for Ready to Delivery 700 SKUs เป�น 1,000 SKUs • Warehouse Expansion 2,800 sqm. เป�น 3,500 sqm. • Launched New product - Perforated Cable Tray and KJL Walkway in June 2023 • Launched New product- Plastic Cabinet Series "KJL Plas series" in August 2023 • Expand KJL authorized dealer from 400 too 800 stores • Expand KJL Network (Electrician/Electrical Engineering) 5,000 persons • Expand Capacity from 20 million pieces to 30 million pieces within 2023 • Sign contract "Authorized General Distributor (Tier 1) with Schneider Electric form France in Quarter 1 2024 Risk Management Policy Risk of fluctuations in the price of the main raw materials that change according to the world market price - The Company has procured steel sheet raw materials from many suppliers and considered suppliers from comparing prices and readiness of products in delivery. In addition, the Company a have good relationships and continuous trading with these supplies. Recent Awards and Recognitions Revenue Structure KJL Standard 70.57% Made-to-order 19.77% Electrical Wiring 1.36% Customized Sheet Metal 4.06% Others 4.24% Stock Information mai / INDUS Closing price KJL mai index 17.00 10.50 4.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 KJL INDUS mai P/E (X) 12.02 22.58 109.40 P/BV (X) 2.97 1.27 2.11 Dividend yield (%) 5.70 2.28 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 1,832.78 1,867.58 1,693.60 Price (B/Share) 7.90 8.05 14.60 P/E (X) 12.02 12.04 13.60 P/BV (X) 2.97 3.16 2.69 CG Report: Company Rating: Major Shareholders as of 25/03/2024 บริษัท เคเจแอล อีเลคทริค จํากัด (50.41%) นาย การุณย์สุจิวโรดม (8.16%) นาง กันยา สุจิวโรดม (8.10%) น.ส. กานต์ธีรา สุจิวโรดม (1.87%) น.ส. กรกมล สุจิวโรดม (1.87%) Others (29.59%) Company Information and Contact https://www.kjl.co.th [email protected] 0-2808-5000 61 and 61/5 Moo 8 Soi Wiroonrat Setthakit Rd., Thamai, Kratumban Samut Sakhon 74110 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=KJL Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 28/05/2024 55


KK : K&K SUPERSTORE SOUTHERN PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Retailer and Wholesaler of consumer products under the name of "K&K Superstore" Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 278.41 251.94 1,072.88 972.71 Expenses 274.11 253.71 1,070.97 957.65 Net Profit (Loss) 2.11 -2.41 -4.47 8.93 Balance Sheet (MB) Assets 474.09 438.35 466.51 402.44 Liabilities 303.84 262.11 298.37 223.80 Shareholders' Equity 170.24 176.23 168.14 178.65 Cash Flow (MB) Operating 16.09 -11.97 36.52 28.26 Investing -1.07 -9.32 -32.47 -18.51 Financing -9.85 18.20 20.09 -22.17 Financial Ratio EPS (Baht) 0.01 -0.01 -0.02 0.04 GP Margin (%) 12.97 11.25 12.20 12.42 NP Margin (%) 0.76 -0.96 -0.42 0.92 D/E Ratio (x) 1.78 1.49 1.77 1.25 ROE (%) 0.03 2.96 -2.58 5.06 ROA (%) 1.75 2.63 0.44 3.83 Business Plan • Continuous expansion of branches by focusing on opening stores in Songkhla and nearby provinces to become the leading convenience store in the south. • Product cost management and controlling the selling and administrative expenses to ensure maximum efficiency. • Development of a K&K app to serve as a channel to provide information and public relations for branches as well as promotional activities and a platform for the development of a K&K membership system. Sustainable Development Plan Commitment to management towards sustainability by providing policy and action plans for corporate sustainability through senior management and communication with employees at all levels to ensure they are all ready to perform their jobs. Business Highlight • The company operates a major consumer goods retailer based in Songkhla province. There are 36 branches in Songkhla, Phatthalung, Satun, Pattani and Nakhon Si Thammarat provinces. • The number of branches continues to grow. Performance and Analysis Business Performance Summary Revenue from Sales In first quarter 2024, the Company generated revenue from sales of Baht 277.07 million, increasing by Baht 26.53 million or 10.59 percent from same period of the previous year due to the Company has a growth rate of same store sales growth of the first quarter of 2024 compared to the first quarter of 2023, increasing by 8.65% and the Company expanded 4 new stores in 2023. Net profit In first quarter 2024, the Company has net profit equivalent to Baht 2.11 million increased from same period of the previous year amounted to Baht 4.52 million or 187.21 percent due to the increment of sales. Key Milestones • The number of branches continues to grow. • Developed a K&K app to serve as a channel to provide information and public relations for branches as well as promotional activities and a platform for the development of a K&K membership system. Risk Management Policy • Management of product inventory: There is a risk that more products are reserved than is necessary. Holding products incurs costs. At other times, the company will not have enough product in stock which loses the company business opportunities in selling that product. Therefore, the company plans to better determine the frequency of product orders in accordance with product sales and estimates of customer demand. In addition, the company is going to use an inventory management system to accurately record the movement of goods as well as organize distribution with the First in First out (FIFO) system. The company also has an inventory counting policy to ensure the most efficient warehouse management. • Retail competition: The consumer goods retail business in Songkhla province is substantial. By constantly exploring the retail market and tracking changes in consumer behavior, the company is able to adjust their business strategy accordingly in order to be flexible and in line with whatever the current competitive situation might be. Recent Awards and Recognitions Revenue Structure Retail income 87.77% Wholesale income 11.74% Others 0.49% Stock Information mai / SERVICE Closing price KK mai index 3.00 2.00 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 KK SERVICE mai P/E (X) - 111.30 109.40 P/BV (X) 2.63 2.64 2.11 Dividend yield (%) 0.82 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 441.94 454.02 594.09 Price (B/Share) 1.83 1.88 2.46 P/E (X) - - 50.81 P/BV (X) 2.63 2.75 3.36 CG Report: Company Rating: Major Shareholders as of 08/03/2024 MR. KAWISPONG SIRITHANANONSAKUL (25.11%) น.ส. นรีรัตน์สิริธนนนท์สกุล (15.56%) นาย สรวีย์สิริธนนนท์สกุล (9.26%) MR. MAYSON PIYAAREETHAM (8.07%) MRS. PITCHANUN SIRITHANANONSAKUL (7.78%) Others (34.22%) Company Information and Contact http://www.kandksuper.com [email protected] 0-7420-5288, 0-7420-5242 9/9 Moo 5, Klong Hae, Hadyai Songkhla 90110 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=KK Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 16/05/2024 56


KLINIQ : The Klinique Medical Clinic Public Company Limited 3M/2024 (Jan - Mar 2024) Business Overview The Company operates Beauty Clinics specializing in Aesthetic Skin, Body and Weight Management, Plastic Surgery, and Wellness based on modern medical principles that are approved by the US FDA. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 694.00 514.81 2,318.35 1,647.20 Expenses 598.31 426.38 1,953.02 1,390.34 Net Profit (Loss) 75.27 69.06 288.62 205.49 Balance Sheet (MB) Assets 3,051.15 2,740.74 2,845.63 2,590.25 Liabilities 1,273.06 1,025.92 1,142.82 944.50 Shareholders' Equity 1,778.08 1,714.81 1,702.81 1,645.75 Cash Flow (MB) Operating 104.75 102.48 385.92 407.96 Investing 162.22 -79.73 -421.37 -1,226.44 Financing -31.69 -23.60 -320.51 1,207.02 Financial Ratio EPS (Baht) 0.34 0.31 1.31 1.21 GP Margin (%) 50.38 54.76 54.05 56.31 NP Margin (%) 10.85 13.41 12.45 12.48 D/E Ratio (x) 0.72 0.60 0.67 0.57 ROE (%) 16.88 13.06 17.24 22.75 ROA (%) 12.87 10.29 13.44 15.04 Business Plan Vision To be a leader on an international scale for Aesthetic, Plastic Surgery, and Wellness center through the use of medical and innovative services, aiming to be the best beauty provider in South East Asia Key Strategic Highlights • Strengthen further Brand Equity • Optimize the Surgery Center • Monetize the macro Health and Wellness trend • Prioritize Innovation and Safety to ensure results • Expand coverage of THE KLINIQUE and L.A.B. X Business Highlight As of 31 March 2024, the Company has a total of 65 branches • 43 THE KLINIQUE branches • 19 L.A.B. X branches • 1 L' Clinic • 1 THE KLINIQUE SURGERY CENTER • 1 KLINIQ SPA The four service departments of the Company’s medical clinics and surgery center are Aesthetic Skin, Body & Weight Management, Plastic Surgery, and Wellness. Performance and Analysis Business Performance Summary In Q1/2024, the Company’s total revenue from sales and services was THB 687.89 million, increasing by 35.2% from Q1/2023 because of 22 branches expansion to reach customers easier, expanding the customer base of L.A.B.X brand to reach more customer groups, investing in medicines and medical equipment to provide a wide range of services, and the growth of revenue from the KLINIQUE SURGERY CENTER which received good response from customers. Key Milestones In Q1/2024, the Company opened six new 'THE KLINIQUE' branches at Paradise Park, Seacon Bangkae, Central World, Central Nakhon Sawan, Mercury Ville Chidlom and Central Nakhon Pathom. In Q1/2024, the Company opened five new "L.A.B. X" branches at Terminal 21 Rama3, The Promenade, Esplanade, Seacon Square Srinakarin, and Central Rama 3. Risk Management Policy • Risks of Competition in the Aesthetics Business The Company has the policy to make a difference by focusing on creating a brand that consumers can recognize, focusing on providing a full range of services with cutting-edge medical innovations from Europe and the United States, developing the capabilities of personnel to meet the needs of consumers, and increasing branches nationwide to support consumer needs and to enable consumers to access our services. • Risks from Changes in Treatment Technology The Company focuses on quality by continuously investing in innovative and safe medical devices approved by the US FDA, considering the best safety standard. Considering our data since 2009, the average lifespan depends on the particular medical device, but mostly the device's shelf life is around 5-12 years, and still provides effective treatment. In addition, if the Company were to proceed with the purchase of medical devices exceeding THB 10 Million, a feasibility study must be conducted based on the payback period for such medical investment. Our management has regularly attended training & seminars related to research in treatment technology to monitor changes in various treatment technologies to develop the treatment technology. The Company also requires annual consumer needs surveys, such as looking at marketing data, conducting customer surveys, planning marketing schemes, and developing existing services to respond to consumer needs. Recent Awards and Recognitions • The Golden Records Award: ASIA PACIFIC Highest Achievement and Thailand Top Achiever Award for Ulthera 2014 – 2022 • Top Galderma Iconic Clinic 2017-2022 • Editor's Choice: Best of Lip Filler from Sudsapda Beauty Awards 2022 • 20 Years Anniversary Celebration the Klinique No. 1 Botulinum Toxin Clinic 2023 • Etc. Revenue Structure Sales & Services 100% Stock Information mai / SERVICE Closing price KLINIQ mai index 48.00 39.00 30.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 KLINIQ SERVICE mai P/E (X) 30.11 111.30 109.40 P/BV (X) 5.10 2.64 2.11 Dividend yield (%) 3.29 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 8,690.00 9,240.00 8,525.00 Price (B/Share) 39.50 42.00 38.75 P/E (X) 30.11 34.05 42.78 P/BV (X) 5.10 5.68 5.26 CG Report: - Major Shareholders as of 14/03/2024 DR. APIRUJ THONGWATTANA (32.73%) บริษัท TKQH CAPITAL MANAGEMENT CO.,LTD. (10.91%) MRS. POTCHANUN SRIAPHAI (9.07%) MR. RATTAPOL KITTICHAITRAKUL (6.31%) บริษัท EKACHAI MEDICAL CARE PUBLIC COMPANY LIMITED (5.00%) Others (35.98%) Company Information and Contact https://www.theklinique.com [email protected] 0-2308-2034 No. 2922/296-299, Charn Issara Tower II, 27th floor, New Petchaburi Rd, Khwaeng Bang Kapi, Khet Huai Khwang Bangkok 10310 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=KLINIQ Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 10/06/2024 57


KOOL : MASTERKOOL INTERNATIONAL PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Operate on distribution business providing rental services for evaporative air cooler, misting fan. It also operates a financial business, lending business, Asset Management, Real estate development for sale and lease, Financial Advisor. Including longterm corporate car rental services providing, School buses, Executive Drivers and non-regular buses. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 228.43 121.39 524.53 574.83 Expenses 188.90 119.95 500.63 539.37 Net Profit (Loss) 32.22 2.04 70.23 41.14 Balance Sheet (MB) Assets 2,101.67 1,556.25 1,953.98 1,558.66 Liabilities 600.63 163.44 478.05 167.89 Shareholders' Equity 1,436.17 1,391.32 1,411.19 1,389.28 Cash Flow (MB) Operating 85.36 -43.94 -213.22 -176.87 Investing -55.83 83.12 240.72 -454.81 Financing -12.42 -20.50 -81.62 691.48 Financial Ratio EPS (Baht) 0.01 0.00 0.03 0.02 GP Margin (%) 29.94 26.92 28.42 18.71 NP Margin (%) 14.16 1.68 13.42 7.12 D/E Ratio (x) 0.40 0.12 0.32 0.12 ROE (%) 7.10 2.59 5.02 4.59 ROA (%) 5.96 2.22 4.22 4.18 Business Plan The main business is still distribution business providing rental services for evaporative air cooler, misting fan and lending business, real estate development for sale and lease. Including long-term corporate car rental services providing to increase business opportunities as well. Sustainable Development Plan The Company focuses on applying sustainability principles (ESG) to business management. Environmental aspect the Company is dedicated to offering environmentally friendly products. It is of high quality and safe for consumers. Control the efficient use of resources using the process of reducing use and reuse to preserve and preserve the environment prevent pollution and various impacts related to the environment in all company activities. Socially, the Company has a policy to develop personnel and create awareness among personnel to work on the basis of ethics and good governance. Encourage personnel to adhere to the organization's culture. Have a possessive attitude have awareness of working together providing good and impressive service to both internal and external customers. The Company places importance on good corporate governance, transparent management system and can be verified in order to strengthen confidence among shareholders. Investors and all related parties. Business Highlight Loans to debtors decreased by 27 percent from the sale of mortgaged assets of transferred non-performing debtors. while trade receivables and other receivables increased by 198 percent, which varies to increased income from sales of cooling fan products and debtors from the Legal Execution Department from the sale of mortgaged assets of the Company's debtors. Other current financial assets increased by 74 percent from short-term deposits with financial institutions. License assets increased by 53 percent from Vehicle leasing of the corporate car rental business group. Other non-current assets increased from Income tax was deducted at source for the corporate car rental business group. Liabilities under the lease agreement increased from Vehicle leasing Corporate car rental business group. Performance and Analysis Business Performance Summary Sales revenue is the sale of products in the Cooling fan business group, increased by 47 percent due to extremely hot weather and effective team management. Other income of 17.71 MB. includes profits from exchange rates from the Cooling fan business group and profits from the Sale of assets from the Asset Management Business group. Total revenues 228.43 MB. increased by 88.18 percent compared to the same period of 2023 Cost of sales 88.43 MB. from the Cooling fan business group. Selling expenses 19.61 MB. mainly from the cooling fan business group and corporate car rental business group from selling used cars. Total expenses 188.90 MB. increased by 57.48 percent compared to the same period of 2023, which varies to increased revenue. Net Profit 32.22 MB. increased by 1,479.41 percent compared to the same period of 2023 Key Milestones 16 Jan.2023 The Company received the entire business transfer from Capital Link Holding Limited, a subsidiary of the Company, Holds 100% of shares 25 Jul.2023 The Company has repurchased a total of 72,271,703 shares, representing 2.92 percent of all outstanding shares and has ended the share repurchase project for financial management. 28 Aug.2023 The Company sold all investments held in Remedys Enterprise Limited, amounting to 25,499 shares, or 51% of all issued and sold shares. Remedys Enterprise Limited. therefore ceases to be a subsidiary of the Company. 29 Aug.2023 The Company has acquired 48,339,869 ordinary shares of CL Lease Limited or 75.53% of all issued and sold shares. The value is 143,480,000 baht, making CL Lease Limited a subsidiary of the Company. Risk Management Policy The main risk is still the risk from the cooling fan business group. which sales revenue fluctuates according to the season every year there are peak sales during the summer. Therefore, there are measures to support the risk. There are energy saving system products for use in industrial plants. Large retail stores to replace the use of air conditioners. There is also a product group of disinfection machines and an air purifier to help reduce the effects of fluctuations of income during the year can be reduced. Recent Awards and Recognitions • BEST PRODUCT 2002 • BEST THAILAND OWNED BRAND 2008 • BAI PO BUSINESS AWARD 2009 SCB and SASIN • Good Logistics Practice Development Award 2013, MOI • Thailand Trusted Quality 2014, DITP • Innovation Awards 2015, ITAP • Total Innovation Management Award 2016,NIA Revenue Structure Sales revenue 53.04% Service revenue 9.7% Rental income 22.03% Interest income 7.47% Others income 7.76% Stock Information mai / SERVICE Closing price KOOL mai index 1.00 0.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 KOOL SERVICE mai P/E (X) 13.67 111.30 109.40 P/BV (X) 0.68 2.64 2.11 Dividend yield (%) 3.13 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 988.91 964.19 1,211.41 Price (B/Share) 0.40 0.39 0.49 P/E (X) 13.67 10.85 46.92 P/BV (X) 0.68 0.66 0.88 CG Report: - Major Shareholders as of 15/03/2024 MR. KRIANGKRAI SIRAVANICHKAN (24.90%) MR.NOPPACHAI VEERAMAN (8.15%) MASTERKOOL INTERNATIONAL PUBLIC COMPANY LIMITED (2.92%) MISS NITTAYA ANIVATTANAKUL (2.02%) MR. NITI THAVORN (1.66%) Others (60.35%) Company Information and Contact http://www.masterkool.com 0-2953-8800 12/16-17,20 Thesabansongkrao Rd., Ladyao, Chatuchak Bangkok 10900 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=KOOL Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 11/06/2024 58


KTMS : KT Medical Service Public Company Limited 3M/2024 (Jan - Mar 2024) Business Overview Hemodialysis centers and Water purification system for hemodialysis as well as full medical sales and services with international quality standards. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 126.91 105.76 461.58 385.08 Expenses 124.25 101.12 440.31 354.60 Net Profit (Loss) 1.82 2.88 14.21 21.18 Balance Sheet (MB) Assets 680.36 649.47 661.62 682.19 Liabilities 185.04 159.73 167.94 195.28 Shareholders' Equity 491.70 488.36 489.88 485.48 Cash Flow (MB) Operating 18.28 -20.28 1.63 52.01 Investing 4.12 -37.63 -204.31 -103.28 Financing -6.66 -6.73 -36.89 271.02 Financial Ratio EPS (Baht) 0.01 0.01 0.05 0.09 GP Margin (%) 17.29 17.81 18.23 19.02 NP Margin (%) 1.29 2.68 2.94 5.48 D/E Ratio (x) 0.37 0.33 0.34 0.40 ROE (%) 2.68 3.86 2.91 5.90 ROA (%) 2.90 4.25 3.17 5.69 Business Plan 1. KT Medical Service Public Company Limited. Currently, we have plans to expand branches and Hemodialysis machines. In second quarter of 2024, we expected to expand branches about 2 - 3 branches and increase about 42 - 76 Hemodialysis machines according to economic environment, marketing and supply chain. 2. Nephro Vision Company Limited. Currently, we have plans to expand branches and Hemodialysis machines in second quarter of 2024 for 1 branch and increase about 4 Hemodialysis machines. 3. Irving Corporation Limited. Currently, we received purchase orders of water purification system from customers by 4 projects in an amounting of Baht 3.95 million, hemodialysis center decoration by 1 project in an amounting of Baht 1.86 million and mobile water purification machine by 4 projects in an amounting of Baht 1.08 million which expected to be completed in second quarter of 2024. 4. Medical Vision Company Limited. Currently, we received purchase orders of installation of pneumatic tube system of equipment for medical service from customers by 3 projects in a total amounting of Baht 3.77 million, which under installation and expected to be completed in second quarter of 2024. Sustainable Development Plan The company is committed to conducting business on the basis of good corporate governance and enhance sustainable development important matters are as follows: 1. Adhere to conducting business with fairness and evident in good corporate governance. 2. Emphasizes all employees levels to support, encourage and operate in accordance with the sustainable development policy. 3. Raise awareness and responsibility for sustainable development to continuously encourage responsible operations throughout the corporate value chain. 4. Committed to personnel development and bring knowledge and expertise to company services in order to participate in improving life quality of sustainability community. Business Highlight KT Medical Services Public Company Limited (“KTMS”) operates the business of providing hemodialysis services. (Hemodialysis) both in the form of hemodialysis clinic (Stand-Alone) and hemodialysis units in hospitals (Outsource). Currently, there are 28 Hemodialysis Center and 352 Hemodialysis Machines. Performance and Analysis Business Performance Summary Revenues from sales and services was increased from the same period of the year 2023 in an amounting of Baht 22.70 million or 21.99 percent. Mainly came from Hemodialysis Business from increase in quantity of patients and branches expansion were continuous increasing. Administration expenses was increased from the same period of the year 2023 in an amounting of Baht 3.36 million or 22.73 percent. Mainly came from employee expenses was increased from got new employees during 2023 - 2024 and annual salary increased including financial advisory expense etc. Net profit was decreased from the same period of the year 2023 in an amounting of Baht (1.19) million or (42.05) percent. Mainly came from increasing of administration expenses according to the reason which mentioned above. Key Milestones • On 5 June 2015, the company was initial registered capital of Baht 10.00 million. • In 2016, the company was started open first clinic of hemodialysis services in Bangkok. • In 2020, the company was restructured the company and its subsidiaries to prepare for the initial public offering ordinary shares (IPO). As a result, the company became a major shareholder in IRV and MV holding 99.99%. • On 6 May 2022, the company was conversed from a private limited company to a public limited company. • On 20 May 2022, the company invested in a subsidiary, Nephro Vision Co., Ltd. which has an operates the business of providing hemodialysis services and registered capital of Baht 10 million. • The Market for Alternative Investment (mai) approved the listing of the ordinary shares of the company, and the trade of shares commenced on 23 December 2022. • On 13 September 2023, Nephro Vision Co.,Ltd. ("its subsidiary") was registered capital increase from Baht 10 million to Baht 40 million. Risk Management Policy The Board of Directors recognizes the importance of risks that may affect business operations that fail to achieve the objectives and goals set forth. Therefore, the Company has established a Risk Management Committee to direct management to carry out risk management operations throughout the organization (the Company and its subsidiaries). The Company identified the factors in the 2023 Annual Report (E.56-1 ONE REPORT), remembering all 5 aspects of business and operations risk, management risk, financial risk, investment of securities holders risk and emerging risk. However, the above risk management methods can be studied. At the 2023 Annual Report (E.56-1 ONE REPORT) of additional companies. Recent Awards and Recognitions KT Medical Service Public Company Limited or KTMS proven operational excellence after being listed on the Stock Exchange of Thailand for the first year. The Company received an Excellent CG Scoring score of 5 stars in the Corporate Governance Survey of Thai Listed Companies (CGR) for the year 2023 organized by the Thai Institute of Directors Association (IOD) under the support of the Stock Exchange of Thailand and the Securities and Exchange Commission (SEC). Revenue Structure Hemodialysis 79.59% Water system installation & PM 16.36% Pneumatic tube installation 4.05% Stock Information mai / SERVICE Closing price KTMS mai index 5.00 3.00 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 KTMS SERVICE mai P/E (X) 55.32 111.30 109.40 P/BV (X) 1.60 2.64 2.11 Dividend yield (%) 0.53 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 786.00 780.00 1,104.00 Price (B/Share) 2.62 2.60 3.68 P/E (X) 55.32 49.73 44.18 P/BV (X) 1.60 1.61 2.27 CG Report: Company Rating: Major Shareholders as of 29/03/2024 Filter Vision Public Company Limited (53.08%) Mr. Sitthawee Kriatchawanun (5.91%) Ms. Kanjana Pongpattanadecha (5.71%) SMEs Private Equity Trust Fund 2 (3.72%) Mr. Sathid Premchuen (1.96%) Others (29.62%) Company Information and Contact http://www.ktms.co.th [email protected] 0-2517-0274 95 Soi Ram Inthra 117, Ram Inthra Road, Min Buri, Min Buri Bangkok 10510 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=KTMS Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 31/05/2024 59


KUMWEL : KUMWELL CORPORATION PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Production and distribution of Grounding System, Lightning Protection System, Surge Protection System, Lightning Detection and Warning System under the brand "Kumwell". Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 130.39 129.15 528.49 561.83 Expenses 116.64 116.75 471.64 481.62 Net Profit (Loss) 8.58 8.58 34.53 61.81 Balance Sheet (MB) Assets 893.16 944.79 884.16 915.18 Liabilities 326.14 382.20 325.71 361.16 Shareholders' Equity 567.02 562.59 558.44 554.02 Cash Flow (MB) Operating 9.02 20.09 99.09 14.59 Investing -4.01 -66.53 -81.36 -133.88 Financing -22.63 44.66 0.20 115.23 Financial Ratio EPS (Baht) 0.02 0.02 0.08 0.14 GP Margin (%) 38.89 38.65 38.77 39.14 NP Margin (%) 6.58 6.64 6.53 11.00 D/E Ratio (x) 0.58 0.68 0.58 0.65 ROE (%) 6.11 10.06 6.21 11.55 ROA (%) 6.33 8.67 6.32 9.99 Business Plan 1.Improve service process by properly react customer needs to meet customer satisfaction. 2.Enhance product quality and innovation in accordance with domestic and international standards. 3.Develop management processes with technology and database systems along with employees development to support company future growth. 4.Focus on signing memorandums of cooperation with government agencies and major state enterprises to develop products and innovations, raise grounding and lightning products standard and increase business cooperation opportunities. Sustainable Development Plan Economic aspect Strive to continuously research and develop safety products and innovations as well as enhance services on grounding and lightning systems aiming to complete customer demands. Social aspect Continuously deliver knowledge about lightning to society and has placed its importance on code of conduct on human rights and labor. Environment aspect To drive business towards Green Industry by installing a solar power generation system, reducing greenhouse gas emissions to control global temperature. The company has adopted wastewater treatment technology to managing resources for maximum benefit. Business Highlight • focuses on research, development and improve product quality and innovation ability. • Being the Global Brand in Lightning Protection System and Leader in Safety, Moving Forward to be Strong and Sustainable Innovation Organization. Performance and Analysis Business Performance Summary • In the first quarter of 2024, sales the company had sales totally 121.8 million baht, shad revenue from services worth 5.9 million baht, declined 0.9 percent In the first quarter of 2024, domestic sales decreased 3.0 percent. While the revenue from exportation increased 38.4 percent when compared to the same period of the previous year. Because the company has participated in product and innovation exhibitions. For advertising, public relations, promoting and driving sales, more and more foreign countries. For Cost of sales and services declined 1.3 percent when compared to the same period of the previous year, from 79.1 million baht to 78.1 million baht resulting in a decreased in gross profit as well, equal to 0.3 percent, the gross profit rate was similar to the same period of the previous year. Company had a net profit of 8.6 million baht similar to the same period of the previous year. Key Milestones • The company has improved its vision, mission, and organizational culture. By integrating the National Quality Award (TQA) criteria throughout the organization. • In the beginning of 2023, the company has moved to a new head office, for support the expansion of the company enabling all sectors in coordinate effectively to enhance the service the needs of customers. From the sales process to the delivery of products and services, which is an important part in enabling the company to continuously maintain its competitiveness. • Signed MOUs in research, scientific development and technology with major state enterprises such as Electricity Generating Authority of Thailand (EGAT) and Provincial Electricity Authority (PEA) to upgrade (1) safety standard, (2) efficiency of transmission system (3) high and low voltage distribution and (4) increasing opportunity for future business cooperation. Risk Management Policy Risk of Raw Material Price Fluctuation The Company has monitored the copper, brass and steel price movements and has analyzed the situation and trend with raw material suppliers to plan the raw material purchase and reserve as well as being able to adjust the product price in accordance with the direction of raw material price. Foreign Exchange Risk The Company uses Foreign Currency Deposit (FCD) account to minimize foreign exchange trading gap and also uses derivatives as risk management tools. However, the Company would apply hedging strategy that is appropriate with the financial market situation. Recent Awards and Recognitions • Certified as electronic laboratory by the Thai Industrial Standards, TIS 17025 (ISO/IEC 17025), which is the only laboratory certified in ASEAN. • Certified for domestic producer by the Thai Industrial Standards as surge protection devices (SPD) manufacturer. • Thai Industrial standards Institute certified for domestic producer by Pass Test for standard TIS for product (Copperbonded Ground Rod), (Blunt End Air Terminal), (Ground inspection pit), and (Tape Support). • Smart Lightning Warming System (SLWS) and Smart Lightning Management System (SLMS) The company received quality certification from (NECTEC) Revenue Structure Lightning System 57.5% Grounding System 36.7% Solution & Innovation 5.8% Stock Information mai / INDUS Closing price KUMWEL mai index 3.00 2.00 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 KUMWEL INDUS mai P/E (X) 22.42 22.58 109.40 P/BV (X) 1.39 1.27 2.11 Dividend yield (%) 2.78 2.28 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 774.00 739.60 937.40 Price (B/Share) 1.80 1.72 2.18 P/E (X) 22.42 12.80 16.62 P/BV (X) 1.39 1.33 1.78 CG Report: Major Shareholders as of 14/03/2024 MR. Boonsak Kiatjaroonlert (54.86%) MRS.Chaveewan Kiatjaroonler (10.25%) MR. CHOKANAN PICHEANNAWAKUL (1.74%) MR. KIAT USCHARAPONG (1.62%) MR. SARUN SAEJU (1.19%) Others (30.34%) Company Information and Contact http://www.kumwell.com 0-2954-3455 358 Leang Muang Nonthaburi Rd., Bangkraso, Mueang Nonthaburi Nonthaburi 11000 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=KUMWEL Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 14/05/2024 60


LEO : LEO GLOBAL LOGISTICS PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Providing end-to-end global logistics services, and integrated logistics services Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 348.25 332.25 1,372.92 4,495.35 Expenses 331.20 310.48 1,261.42 4,109.79 Net Profit (Loss) 10.42 18.96 83.47 304.59 Balance Sheet (MB) Assets 1,679.70 1,724.12 1,559.00 1,715.26 Liabilities 743.04 793.28 633.09 802.48 Shareholders' Equity 925.97 912.31 910.45 892.89 Cash Flow (MB) Operating -41.84 18.08 -50.15 643.83 Investing -57.27 -115.96 61.11 -319.20 Financing 85.30 -12.42 -296.52 -41.66 Financial Ratio EPS (Baht) 0.03 0.06 0.27 0.95 GP Margin (%) 30.55 32.74 33.67 19.72 NP Margin (%) 1.63 5.30 5.56 6.81 D/E Ratio (x) 0.79 0.85 0.68 0.88 ROE (%) 8.15 26.28 9.26 36.59 ROA (%) 6.31 18.50 7.53 24.02 Business Plan • Generate continual sales growth using the Product Differentiation & Innovation Market Concentration and Service Excellence strategies. • Emphasize the building of good relations and maintain key customers. • Continually develop personnel know-how and skills as to be a solution provider for clients. • Expand the company network through continually finding domestic and foreign business partners. • Upgrade customer relationship and partner relationship management systems. • Operate with good corporate governance and social responsibility. Sustainable Development Plan In the process of drafting. Business Highlight The company’s core business is logistics services for international transportation both import and export by sea and air with partnership agents in over 190 countries. The company also provides other services in support of end-to-end logistics. Performance and Analysis Business Performance Summary The performance in Q1/2024, the company's total revenue was 348.2 MB, an increase of 5% compared to Q1/2023 but compared to Q4/2023 decrease 4%. The company is confident that in 2024, with the F.A.S.T.24 strategic plan, it will achieve continuous and robust growth in both gross profits and operating results during the Q2-Q4/2024. The company plan to increase new revenue from Non-Freight and Non-Logistics businesses to grow continuously over the next 1-2 years. Key Milestones In 2002, the company jointly established Sinokor Merchant Marine (Thailand) to operate as a representative of Shipping liner in Thailand. In 2009, the company jointly established YJC Depot Services Com. Ltd. to operate a container depot. In 2014, the company established Aramex (Thailand) Com. Ltd. to operate express international delivery service and established LEO Myanmar Logistics Com. Ltd. to operate an end-to-end logistics service provider in Myanmar. In 2017, the company initiated selfstorage service. In 2021, the company jointly established Cardinal Maritime (Thailand) Com Ltd. provided multimodal transport services. In 2022, the company jointly established Leo Sourcing & Supply Chain Company Limited to operate as the buying and sourcing agent of export products to China. In 2023, the company jointly established LaneXang Express Company Limited to operate as rail transport provider to Laos and China. The company jointly established Leo Global Logistics Pte. Ltd. in Singapore to operate the international logistics services and container rental. The company jointly established Advantis Leo (Thailand) Com. Ltd. to operate warehouse management and other logistics services. Risk Management Policy Risks from Freight Charge Volatility The company developed a Rate Center system that periodically updates freight charges so its prices reflect the most current market rates. Risks from Competition The company maintains a diverse variety of products to meet the different demands of customers and benefits from its over 1,000 network agents across the globe that allow it offer a more comprehensive. Recent Awards and Recognitions In 2016, the company received the Excellent Logistics Management Award or ELMA in the 3rd Party Logistics Service Provider (3PL) category from the Ministry of Commerce. In 2019, 1. The company received the Excellent Logistics Management Award or ELMA in the International Freight Forwarding category from the Ministry of Commerce. 2. The company received Prime Minister’s Export Award 2019 in Best Service Enterprise. 3. The company got a license as the Authorized Economic Operator (AEO). * The company is the singular winner of the ELMA and Prime Minister’s Export Award in its categories since a revamp of ELMA criteria in 2014. In 2022 1. The company received the Asia Responsible Enterprise Awards 2022 or AREA in Social Empowerment from Enterprise Asia. In 2023 1.The company received the Environmental, Social, and Governance Initiative Award and The Creative & Effective Marketing Award in the Self Storage Awards Asia 2023. 2.The company received Best CEO Award and Outstanding Company Performance Award in the Stock Exchange of Thailand (SET) Awards 2023. Revenue Structure Sea Freight 75% Air Freight 5% Integrated Logistics Services 18% Storage & Container Depot 2% Stock Information mai / SERVICE Closing price LEO mai index 12.00 6.50 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 LEO SERVICE mai P/E (X) 16.31 111.30 109.40 P/BV (X) 1.49 2.64 2.11 Dividend yield (%) 3.70 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 1,382.40 1,516.80 3,872.00 Price (B/Share) 4.32 4.74 12.10 P/E (X) 16.31 24.26 10.20 P/BV (X) 1.49 1.69 4.12 CG Report: Company Rating: Major Shareholders as of 12/03/2024 MR. KETTIVIT SITTISOONTORNWONG (11.63%) MR. SOMSAK SRISUTATKOON (8.77%) บร˰ษัท ท˲Ǫǥส ซ˲ǬǦลด˰ˣ ง จ˸Ǩกัด (6.77%) ค˿ณหญ˰ง ป�ทมǨ ล˲สวัสด˰˫ตรǧกูล (6.04%) THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (4.69%) Others (62.10%) Company Information and Contact http://www.leogloballogistics.com [email protected] 0-2079-9888 251-251/1 Soi Pakdee, Rama III Road, Bangkorleam, Bangkorleam Bangkok 10120 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=LEO Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 14/05/2024 61


LIT : LEASE IT PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview The Company provides financial services for SMEs and an alternative source of funds as the non-bank lending business. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 23.97 30.66 110.11 156.57 Expenses 46.31 42.10 202.43 230.19 Net Profit (Loss) -26.91 -23.60 -117.61 -100.03 Balance Sheet (MB) Assets 1,299.30 1,564.77 1,424.49 2,017.46 Liabilities 335.40 479.93 433.67 909.03 Shareholders' Equity 963.91 1,084.83 990.82 1,108.43 Cash Flow (MB) Operating -27.53 72.16 192.27 399.39 Investing 88.68 3.65 -76.76 -0.78 Financing -101.05 -424.82 -493.74 -1.55 Financial Ratio EPS (Baht) -0.06 -0.05 -0.27 -0.23 GP Margin (%) NP Margin (%) -112.27 -76.96 -106.81 -63.89 D/E Ratio (x) 0.35 0.44 0.44 0.82 ROE (%) -11.80 -9.05 -11.21 -9.77 ROA (%) -7.21 -4.12 -5.36 -3.53 Business Plan The Company has to adjust its competitive strategies to cope with the situation and to maintain its performance in accordance with the current industry trends and for sustainable growth in the future. The Company has elevated work processes, building corporate credibility and awareness as follows: 1) Upgrade marketing with a Digital Platform to reach the target customers in order to create a reliable and well-known brand. 2) Financing to customers who are government suppliers due to the government always has the ability to pay. 3) Financing in low-risk financial products such as Factoring, Leasing and Hire purchase. 4) Trendy industries sector for new customers support in short term project for cost management. 5) Focus on retaining and expanding from existing customers. 6) The Company has a complete range of financial products to meet the need of SMEs especially those working for government agencies from the beginning to the end of project. 7) The Company has developed new financial products to support customers' business operations that have changed according to economic conditions 8) Reserving Expected Credit Losses which based on risk and quality of customers. Sustainable Development Plan Business Highlight We deliver comprehensive services specifically designed to support SMEs. We aim to be the solution for our customers to help them with their business growth and success, ultimately becoming their true financial partner. Performance and Analysis Business Performance Summary The Company had a loss of 26.91 million baht for the first quarter of year 2024, compared with a prior period had a loss of 23.60 million baht due to significant decrease in revenue with the customer lacking liquidity to pay-debts and decreasing in the financing amount. As a result, the higher Expect Credit Loss (ECL). Key Milestones • 2006 - Lease IT Public Company (the "Company") was incorporated • 2014 - Listed on The Stock Exchange of Thailand - MAI •2018 - established a new subsidiary company "LIT Service Management Co., Ltd." to provide credit analyst. •2020 - The Company is authorized to operate personal loan business under Bank of Thailand's Regulation. •2020 - LIT Service Management Co.,Ltd. The subsidiary company is licensed to operate Pico Finance (Pico Plus) under Ministry of Finance's Regulation. •2021 - established a new subsidiary company "Ulite Digital Co., Ltd." to provide an installment payment service. •2022 - The Company's registered capital for another 43 million baht (divided into 43 million shares at the par value of baht 1 each) from the existing registered capital of 558 million baht, to be new registered capital of 601 million baht to reserve for the exercise of the Warrants (LIT-W1) •2023 - Signed a memorandum of understanding MOU to jointly promote the ZHI EV electric motorcycle business (CHI EV) between Lease It PCL. and PKD Opportunity Co.,Ltd. •2023 - Launched new products, Loans for increase productivity secured by collateral. Risk Management Policy The situation of uncertainty during the economic slowdown has affected SMEs, causing an increase in non-performing loans. The Company had to carefully manage its risks while maintaining its performance under the careful selecting of customers. The company has assisted its clients during this crisis by bringing them into a suitable debt restructuring plan to enable them to survive in the business in long term and have the ability to repay the Company's debts. In this regard, the Company has taken steps to improve credit quality as follows: 1) The Company has upgraded the screening of customers and debtors in order to select real potential customers who have strong debt repayment ability and has continuously adjusted the frequency of reviewing the debt repayment capability of customers and debtors. Moreover, the Company also reviewed the process of rights to receive payment transferring and debt collection in order to prepare for the situation impacted. The Company also closely monitors customer behavior in order to prevent nonperforming debts (NPLs) in the future. 2) The Company has managed to mitigate industry risk by limiting portfolio with the Industrial risk management plan. 3) The Company continues to limit financing to new customer who construction business as it has high risk but focuses on group of business that has lower risk. 4) The Company development of risk management tools in various dimension through appropriate Risk Based Pricing for each customer. Recent Awards and Recognitions Thailand Sustainability Investment (THSI) 2020-2023 Revenue Structure Interest Income 53.01% Fees and Service Income 40.58% Others 6.41% Stock Information mai / FINCIAL Closing price LIT mai index 2.00 1.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 LIT FINCIAL mai P/E (X) - 84.81 109.40 P/BV (X) 0.61 1.94 2.11 Dividend yield (%) - 1.26 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 606.82 447.36 810.56 Price (B/Share) 1.37 1.01 1.83 P/E (X) - - - P/BV (X) 0.61 0.44 0.71 CG Report: Company Rating: Tris : BB- Outlook "Stable" Major Shareholders as of 05/03/2024 บริษัท SVOA PUBLIC COMPANY LIMITED (35.80%) MR. SOMCHAI PATPHAI (4.98%) MR. PHAIROJ SITTHIMONAMNUAY (2.64%) MR. MIN INTANATE (2.60%) น.ส. THITIKUL SAEKIANNG (1.58%) Others (52.40%) Company Information and Contact http://www.leaseit.co.th [email protected] 0-2163-4260 1023 MS Siam Tower, 29th Floor, Rama 3 Rd., Chongnonsi, Yannawa Bangkok 10120 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=LIT Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 21/05/2024 62


LTS : Light Up Total Solution Public Company Limited 3M/2024 (Jan - Mar 2024) Business Overview Lightup Total Solution PLC is primarily engaged in concession businesses for : 1. Trading of lightings such as lights bulbs, frame, other lighting accessories, home automation and smart poles. 2. IT Solution such as operating software for lighting equipment and system, software distributor, software development for sales and subscription and information technology training. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 91.36 61.42 229.28 233.97 Expenses 71.67 47.41 186.69 212.52 Net Profit (Loss) 15.14 10.26 31.43 15.01 Balance Sheet (MB) Assets 252.72 186.98 214.07 212.17 Liabilities 100.67 71.54 77.46 106.99 Shareholders' Equity 152.05 115.44 136.61 105.18 Cash Flow (MB) Operating -12.97 25.41 57.04 7.10 Investing -0.58 -2.00 4.38 -0.17 Financing 3.35 -13.99 -24.92 -6.87 Financial Ratio EPS (Baht) 0.10 0.07 0.21 0.10 GP Margin (%) 34.88 39.47 39.37 26.64 NP Margin (%) 16.57 17.28 13.71 6.47 D/E Ratio (x) 0.66 0.62 0.57 1.02 ROE (%) 25.53 15.95 23.00 9.92 ROA (%) 20.61 18.64 20.03 15.94 Business Plan • Expanding Smart Pole market to cover both private sector projects and government projects. • Develop Home Automation market by increasing sales staff to stimulate revenue, introducing the products to both new and existing customers that can add the products to increase the convenience of daily lifestyle. • Aiming to enter the IT Solutions market especially AI technology. Sustainable Development Plan The Company is focused on sustainability in three dimensions, including economic, governance and environmental as follows: • To maintain quality of goods and services for the best benefit of customers and create good relationships with stakeholders. • Supporting education and training for the development of employees. • Supervise business operations to be efficient and transparent, in order to build a strong organization. • To minimize the environmental impact and climate change. Business Highlight • We are a revenue leader in the Smart Pole market in Thailand, with trust from significant customers to supply the Smart and Automation Public Park of Bangkok. • The IT Solutions department with expertise in Smart and Automation system, IoT (Internet of Things), including software development for custom needs. • Strong client base of more than 1,200 architectural customers with a long-term relationship of trusting our quality of products and services. Performance and Analysis Business Performance Summary • Net profit for 1Q24 of Bt 15.2 million increased by Bt 4.9 million, up 47.4% YoY, due to an increase in revenues from large- scale projects. • Revenues from large- scale projects in 1Q24 totaledof Bt 63.5 million, an increased of Bt 39.9 million, 169% YoY, due to revenues from smart- pole products for the Smart and Automation Public Park of Bangkok. • Net profit margin in 1Q24 was 16.61% (vs. 13.8% in 1Q23), an increase of 2.81% YoY from increased revenue while the company was able to maintain the level of selling and administrative expenses. Key Milestones • We are a pioneer and leader in development of a Modular Smart Pole that is highly functional and serving customers’ need for flexibility for future module requirements. • Being a distributor of a successful home automation product brand “ ORBIVO” which is a growing trend, in which consumers’ lifestyles are embedded with the convenience of technology and daily Life environment to become more automated. • Growth of revenue from progress of construction from customers of large-scale project type. Risk Management Policy During the past year (May 2023 to 2024) the USD has been continuously strong. At the end of year 2023 the average exchange rate was at approximately 35 Baht to 1 USD and during 1Q24 it was approximately 36.5 Baht to 1 USD. The strength of the USD directly affects the increasing of cost of goods sold. We have managed and minimized the risk by obtaining forward contracts. We also increase the selling price to reflect the cost. The majority of our customers are not price-sensitive, and therefore the increase in selling price has not greatly affected our revenues thus far. Recent Awards and Recognitions Revenue Structure Contractor or Architect 29.67% Project customer 69.65% Retailer and Wholesaler 0.49% System development 0.19% Stock Information mai / CONSUMP Closing price LTS mai index 0.00 0.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 31/03/24 LTS CONSUMP mai P/E (X) N/A 64.26 109.40 P/BV (X) N/A 1.85 2.11 Dividend yield (%) N/A 1.05 1.80 31/03/24 - - Market Cap (MB) N/A N/A N/A Price (B/Share) N/A N/A N/A P/E (X) N/A N/A N/A P/BV (X) N/A N/A N/A CG Report: - Company Rating: Major Shareholders as of 14/05/2024 นาย ภัฏ ตรัสโฆษิต (38.52%) นาย กิตติพงษ์วิมลโนช (22.38%) นางสาว สุวิมล เชาวนโยธิน (6.60%) นางสาว พรทิพย์ตันสิริธเนศ (2.20%) นาย อวิรุทธ์งามศิลปะเสถียร (2.20%) Others (28.10%) Company Information and Contact https://www.lightuptotal.co.th/ 0-2374-2732 1265 Rama 9 Road, Phatthanakan Subdistrict, Suan Luang District Bangkok 10250 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=LTS Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 14/06/2024 63


MAGURO : Maguro Group Public Company Limited 3M/2024 (Jan - Mar 2024) Business Overview The Company engages in a restaurant business, offering food and beverages across the Premium - Mass range, under the brands "MAGURO", "SSAMTHING TOGETHER", and "HITORI SHABU". In addition, the Company also provides delivery and catering services. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 297.25 1,045.81 Expenses 265.03 935.91 Net Profit (Loss) 20.13 72.48 Balance Sheet (MB) Assets 824.15 814.36 Liabilities 550.02 547.29 Shareholders' Equity 274.13 267.07 Cash Flow (MB) Operating 47.37 179.39 Investing -27.82 -125.99 Financing -29.92 -157.23 Financial Ratio EPS (Baht) 0.19 0.69 GP Margin (%) 45.25 45.17 NP Margin (%) 6.77 6.93 D/E Ratio (x) 2.01 2.05 ROE (%) 27.26 27.14 ROA (%) 13.96 13.49 Business Plan The Company engages in a restaurant business, offering food and beverages as well as delivery and catering services under the brand and trademark of “MAGURO”. The Company upholds the belief that “We are not just a restaurant” but rather influenced by the culture of “Give More”, which is the philosophy of the Japanese people. The Company aims to provide all Thai people with the highest quality ingredients, seasoned to extract the most flavourful profiles, and an understanding of the art of sushi. All dishes are offered at sincere, reasonable, and worthwhile prices, enabling Thai people to cherish the happiest moments with their loved ones. Sustainable Development Plan The company is committed to operating with social and environmental responsibility throughout its entire value chain. This commitment ensures a balance between business value and the value created for stakeholders. We actively consider the needs and expectations of all stakeholders to effectively manage risks and meet their expectations. Fostering sustainable business growth. To achieve these goals, the company has established a comprehensive sustainable development policy that guides our business operations. Business Highlight • In 2022, there were 16 branches across all brands, MAGURO 11 branches, SSAMTHING TOGETHER 4 branches and HITORI SHABU 1 branches. • In 2023, there were 25 branches across all brands, MAGURO 13 branches, SSAMTHING TOGETHER 6 branches and HITORI SHABU 6 branches. • In the first Quarter of 2024, there were 26 branches across all brands, MAGURO 14 branches, SSAMTHING TOGETHER 6 branches and HITORI SHABU 6 branches. Performance and Analysis Business Performance Summary Revenue in the first quarter of 2024 was 296.88 million baht, an increase of 60.94 million baht or 25.83% compared to the previous year. This increase in revenue is attributed to the expansion of seven additional branches. Net profit in the first quarter of 2024 was 20.13 million baht, an increase of 0.69 million baht, or a increase of 3.55% compared to the previous year. Attributed to an increase in the number of branches. Key Milestones • Started doing business under the name Maguro Group Company Limited with a registered capital of THB 1.00 million and opened the first Japanese restaurant, MAGURO, at Chic Republic Bangna in 2015. • Opened the first shopping center branch at Mega Bangna in 2017. • Opened the first branch in the CBD area at Siam Square One in 2019. • Launched the food delivery service, MAGURO Go, in 2020. • Lombard Asia V, L.P. invested 29.34% of the company's shares through Holistic Impact Pte Ltd. and opened the first Korean grill restaurant brand SSAMTHING TOGETHER at Mega Bangna in 2021. • Launched the authentic Japanese shabu and sukiyaki restaurant, HITORI SHABU, featuring premium ingredients, at Siam Paragon in 2022. • Converted to a Public Company Limited on August 16, 2023. Increased the company's registered capital to THB 63.00 million. Reduced the par value to THB 0.50 per share. Completed other operations related to registration and IPO. Risk Management Policy • Competition in the Restaurant Industry: Maintaining the restaurant’s standards in food quality and service. Creating menus suitable for each sales channel to maintain profitability. • Cost Fluctuations and Shortages of Main Raw Materials: Preparing estimates for the quantities and costs of raw materials to align with demand. Placing advance orders for raw materials expected to experience a price increase. Formulating a team responsible for consistently surveying and sourcing new suppliers. • Risk of unable to procure rental space to expand new branches and/or renew the lease agreements of the existing branch: The company mitigates this risk by proactively renewing existing branch leases 6 months before expiry. The same approach is taken for securing new locations; the company negotiates lease terms with the landowner to align with its expansion plans. Recent Awards and Recognitions • Leading Sustainable Tourism Enabler Excellence 2024 • Robinhood Awards 2024 • Robinhood Academy Awards 2022 Popular Japanese Restaurant of the Year Awards • MAGURO SUSHI (THE CIRCLE) Top Restaurant In Thailand 2020 • Wongnai Users' Choice 2020 • Wongnai Users' Choice 2018 Revenue Structure Restaurant 99.78% Catering / Delivery 0.1% Others 0.12% Stock Information mai / AGRO Closing price MAGURO mai index 0.00 0.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 31/03/24 MAGURO AGRO mai P/E (X) N/A 23.62 109.40 P/BV (X) N/A 3.15 2.11 Dividend yield (%) N/A 3.31 1.80 31/03/24 - - Market Cap (MB) N/A N/A N/A Price (B/Share) N/A N/A N/A P/E (X) N/A N/A N/A P/BV (X) N/A N/A N/A CG Report: - Company Rating: Major Shareholders as of 31/05/2024 Mr. Jakkrit Saisomboon (14.86%) Mr. Chatcharas Sriarun (14.86%) Mr. Eakkalurk Sangsareedumrong (14.86%) Mr. Ronnakad Chinsamran (14.86%) Holistic Impact Pte.Ltd (13.52%) Others (27.04%) Company Information and Contact http://www.maguro.co.th [email protected] 08-1135-5576 1706/26 Safe Box Office Building, Room No. 8, 9, 10, 11, 2nd Floor, Rama 6 Road, Rong Mueang, Pathumwan Bangkok 10330 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=MAGURO Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 14/06/2024 64


MBAX : MULTIBAX PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview OEM manufacture and sale of plastic packaging products in a made to order type for export to overseas customers. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 301.43 279.37 1,133.48 1,987.20 Expenses 290.33 313.37 1,146.29 1,822.10 Net Profit (Loss) 3.68 -30.95 -38.16 122.60 Balance Sheet (MB) Assets 1,406.60 1,396.15 1,389.41 1,535.15 Liabilities 904.44 826.50 890.94 944.82 Shareholders' Equity 502.16 569.65 498.48 590.33 Cash Flow (MB) Operating -12.91 57.27 164.80 146.41 Investing -3.37 -16.94 -80.59 -48.46 Financing 10.19 -7.37 -96.77 -87.46 Financial Ratio EPS (Baht) 0.02 -0.16 -0.20 0.64 GP Margin (%) 9.75 -5.37 4.27 14.76 NP Margin (%) 1.22 -11.08 -3.37 6.17 D/E Ratio (x) 1.80 1.45 1.79 1.60 ROE (%) -0.66 13.09 -7.01 21.51 ROA (%) 2.12 7.44 -0.98 11.13 Business Plan The company has an operational plan to be a professional OEM to produce a wide range of high-quality and green plastic bags. The company focuses on maintaining international standard quality levels, competitive prices, and aims on the products with high margins while managed internally to increase the efficiency in the certain areas such as reducing the production waste, saving the consumed energy, environment management inside the organization and take good care of the staff as well as the surrounding communities. Sustainable Development Plan The Company has implemented the policies and goals by coordinating the related interests of all stakeholders in the society to sustain the business and society by adopting all 17 sustainable development goals from the United Nations such as to end the poverty, protect the environment and make peace to every life on Earth including human, animals and plants and to improve the quality of life for current and future generations. The work already done are such as to provide the low interest loans from some financial institutions and the company cooperatives. The Company remunerates all employees equally and equitably. The company imposed a clear policy on gender equality, religion, age and education, as well as the opportunities to be promoted. The company substantially invests in modern energy production for the energy savings purpose and used raw materials made from renewable resources such as from plants to produce bioplastic bags so to enhance the better environment for the sake of humanities, together with the starting of the GHG management project via the ISO 14064-1 and TGO standards. Business Highlight Innovations for plastic packaging with environmental conservation or eco-friendly packaging are the top priority for the company since 2007 up to presence. The company has conducted researches and introduced the green products to the world market including Bioplastic (both compostable and biobased), Ocean waste plastic and the post-consumer recycles or PCR trash bags. Performance and Analysis Business Performance Summary From the increasing of the orders, the sales revenue was increased . The cost of sales and production cost decreased from the proper wages and overheads cost management. The gross profit was recorded at 29.24 million Baht, increased by 44.08 million Baht or 297.04 percent when compare with the loss at 14.84 million Baht for the same period last year. Combining with all other factors including the decreasing of the selling and administrative expense, increased of the finance costs and the adding up of the decreasing other income, income tax expenses and gain on exchange rate, the company recorded a net profit for the first three months ended March 31, 2024 at 3.68 million Baht. This net profit was increased by 34.63 million Baht or 111.89 percent when compared with the net loss of 30.95 million Baht for the same period of 2023. Key Milestones The ongoing fighting in Europe, the Middle East and the conflict on geopolitics still maintained the negative impact to the current situation. However, the high inventories in the customers' warehouses were back to the normal level and the incoming orders have been continuously noticed from the first quarter of this year . Risk Management Policy The company's major risks in the year 2024 come from the significant impact from the increasing of the production costs including the imminent new minimum wages, interest rate and the gap between the US and Thai interest rate policies. As such, the company had to painstakingly manage these higher costs with all resources, so to confine the negative impact on the company's operations within the acceptable level. Recent Awards and Recognitions 1.The company was the first runner-up in economic innovative products category, from the National Innovation Agency (NIA) in 2012 from MBIO-2, a compostable bioplastic plastic bag. 2.The company was awarded the Senate Excellence in Science in 2013. 3.The Company was ranked as the Outstanding Securities in Sustainable Business Operations (ESG100: Environment / Sustainability /Governance 100) 2021 organized by Thai Pat Institute. 4.The Company has renewed its certificate of membership of the Thai Private Sector Coalition against Corruption (CAC), with will be effective until June 30, 2024. 5.The Company received the “Good” level from the "Thai Listed Company Corporate Governance Survey Program" (CGR) for the year 2023, organized by the Thai Institute of Directors Association (IOD). Revenue Structure Low Density Polyethylene 74.89% High Density Polyethylene 22.74% Others 2.37% Stock Information mai / INDUS Closing price MBAX mai index 6.00 4.00 2.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 MBAX INDUS mai P/E (X) - 22.58 109.40 P/BV (X) 1.28 1.27 2.11 Dividend yield (%) - 2.28 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 638.53 634.57 988.26 Price (B/Share) 3.22 3.20 5.15 P/E (X) - - 5.96 P/BV (X) 1.28 1.32 1.66 CG Report: Company Rating: Major Shareholders as of 01/03/2024 MR. Weerachart Lohsiri (14.87%) นาย ส˿รชัย อัศวแก้วมงคล (8.96%) MR. PISUTH LERTVILAI (3.67%) นาย กว˰น ต�ังอ˿ทัยศักด˰˫(3.38%) MISS CHANTANA PANYADILOK (3.15%) Others (65.97%) Company Information and Contact http://www.multibax.com 038-491-725-9 211 MOO 3, TUNGSUKLA, SI RACHA Chonburi 20230 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=MBAX Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 22/05/2024 65


MGI : Miss Grand International Public Company Limited 3M/2024 (Jan - Mar 2024) Business Overview The company is engaged in the wholesale and retail for beauty and food products and artist management agency. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 151.90 83.13 617.04 319.86 Expenses 124.13 73.50 467.22 259.65 Net Profit (Loss) 21.20 7.66 119.25 47.85 Balance Sheet (MB) Assets 628.00 219.80 605.39 185.41 Liabilities 152.06 122.58 150.65 80.99 Shareholders' Equity 475.94 97.22 454.74 104.41 Cash Flow (MB) Operating 26.46 14.75 170.48 65.03 Investing -341.58 -2.28 -153.79 -6.17 Financing -42.14 -0.20 269.92 -15.77 Financial Ratio EPS (Baht) 0.10 0.05 0.77 0.34 GP Margin (%) 44.58 39.29 44.57 38.26 NP Margin (%) 13.96 9.22 19.33 14.96 D/E Ratio (x) 0.32 1.26 0.33 0.78 ROE (%) 23.33 30.38 42.65 45.83 ROA (%) 22.22 15.12 37.84 32.47 Business Plan In 2024 The company continued to focus on distributing products through online channels to support its goal of becoming the "Thailand Social Commerce Leader." It has adjusted all distribution channels of the company to MGI Shop to accommodate the increasing variety of product types. The company plans to develop new products to increase product diversity, as well as to select products from other manufacturers to distribute through the company's channels, providing more options for customers. Additionally, the company aims to expand its network of sellers within its system, as well as to enhance cooperation with business partners to explore new business opportunities. Furthermore, the company is focusing on technology development to collect and link customer data across all business units of the company to enable customers to access all experiences from every business unit effectively. Moreover, the company has planned growth strategies for non-commercial business units, which account for at least 20 percent of its overall growth. The company considers and studies consumer behavior and external factors continuously to adapt its strategies promptly to potential changes. Sustainable Development Plan The company has a policy and objectives for conducting sustainable business operations, taking into account the impacts and creating sustainability in all three dimensions: economic, environmental, and social. Additionally, the company focuses on developing products and services of high quality for the benefit of all stakeholders. Furthermore, the company adheres to principles of good corporate governance. Business Highlight For the first quarter of 2024, compared to the first quarter of 2023, the company achieved the highest growth in sales revenue and other income categories. The company continues to grow in terms of revenue, gross profit, and net profit from operations. The company achieved a net profit of 21.20 million baht, a growth of 176.76%. Performance and Analysis Business Performance Summary In the first quarter of 2024, the company had a total revenue of 151.90 million baht, with the revenue categories as follows: 1. Revenue from commerce business: 92.47 million baht, an increase of 139.87% from the first quarter of 2023. 2. Revenue from organizing contests was not recognized in the first quarter of 2024. 3. Revenue from media and entertainment: 23.96 million baht, an increase of 21.50% from the first quarter of 2023. 4. Revenue from artist management: 27.08 million baht, an increase of 35.33% from the first quarter of 2023. 5. Revenue from MGI Hall rental services: 6.07 million baht, an increase of 56.85% from the first quarter of 2023. 6. Other service revenue and other income: 2.32 million baht. Overall, all of the company’s businesses had a net profit of 21.20 million baht, representing a net profit margin of 13.96%. Key Milestones 1. In 2023, the company entered into a joint venture with CarMart Public Company Limited, with each party contributing 50.00 percent of the capital, to establish MGI Co., Ltd. The objective of this joint venture was to produce and distribute cosmetics or skincare products to expand and diversify the customer base. 2. In the same year, the company invested 135 million baht to purchase land and buildings on October 10, 2023, for use as the company's headquarters. 3. Additionally, the company engaged in securities trading on the Stock Exchange of Thailand (SET) on December 14, 2023, with securities valued at 1,039.50 million baht at the IPO price, using the abbreviation "MGI" for securities trading. Risk Management Policy The reliance on a major shareholder who is also a key executive of the company poses significant risks. Currently, the company heavily relies on Mr. Nawat Itsaragrisil, the major shareholder and CEO, to lead and conduct its activities. Since Mr. Nawat Itsaragrisil is a prominent figure in society, he often serves as a presenter for the company's products. Therefore, any unforeseen events affecting Mr. Nawat or decisions made by him could disrupt or halt business activities, such as illness, death, divestment, or the decision to cease operations, which would impact the company's operations and revenue. The company acknowledges the importance and severity of this risk and has implemented risk management strategies. These include forming a working group to recruit knowledgeable and capable personnel, developing a succession plan for key positions, restructuring job responsibilities to reduce dependence on Mr. Nawat, and seeking new revenue opportunities through various channels or business units to lessen the company's reliance on him. Recent Awards and Recognitions Global Beauties, an international beauty pageant analysis organization founded in 1998, ranks the top 5 Grand Slam Beauty Pageants annually. In September 2023, it was revealed that Miss Grand International (MGI) had secured a spot in the top five alongside Miss Universe, Miss World, Miss Supranational, and Miss International. Global Beauties specified that Miss Grand International is the fastest-growing pageant in the world, both in terms of sponsorship, viewership, and popularity, being organized by Thai individuals. Revenue Structure COMMERCE 60.88% TALENT 17.83% X-PERIENCES 15.77% MGI HALL 4% Others 1.52% Stock Information mai / CONSUMP Closing price MGI mai index 79.00 39.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 MGI CONSUMP mai P/E (X) 63.84 64.26 109.40 P/BV (X) 16.74 1.85 2.11 Dividend yield (%) 0.97 1.05 1.80 29/03/24 28/12/23 - Market Cap (MB) 7,612.50 3,990.00 N/A Price (B/Share) 36.25 19.00 N/A P/E (X) 63.84 45.14 N/A P/BV (X) 16.74 8.60 N/A CG Report: - Company Rating: Major Shareholders as of 06/03/2024 นาย ณวัฒน์อิสรไกรศีล (42.88%) MR. Ratchaphol Chantaratim (28.57%) บริษัท KARMARTS PUBLIC COMPANY LIMITED . (3.05%) MR. PERAJED SUWANNAPASRI (2.86%) บริษัท Thai NVDR Company Limited (1.28%) Others (21.36%) Company Information and Contact https://missgrand.com [email protected] 0-2559-0120 1213/414, Soi Ladprao 94 (punchamitr), Ladprao Road, Pubpla Sub-district, Wangthonglang District Bangkok 10310 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=MGI Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 12/06/2024 66


MGT : MEGACHEM (THAILAND) PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview MGT operates as Chemical Solution Provide Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 244.61 262.03 976.08 1,062.35 Expenses 210.32 231.34 854.99 951.36 Net Profit (Loss) 23.04 22.35 82.45 82.23 Balance Sheet (MB) Assets 1,003.67 885.71 953.08 833.31 Liabilities 266.33 194.85 240.72 166.30 Shareholders' Equity 625.77 585.16 602.65 562.83 Cash Flow (MB) Operating 19.65 25.88 149.95 115.05 Investing -36.46 -20.05 -146.31 -50.17 Financing 6.33 -3.94 -0.24 -86.56 Financial Ratio EPS (Baht) 0.06 0.06 0.21 0.21 GP Margin (%) 33.43 29.67 30.97 26.41 NP Margin (%) 10.97 9.11 9.38 8.01 D/E Ratio (x) 0.36 0.28 0.34 0.25 ROE (%) 13.73 13.24 14.15 14.90 ROA (%) 12.99 11.35 13.26 13.03 Business Plan MGT plans to maximize benefits to shareholders through sustainable growth with: • Exploring M&A opportunities and invest in the Sustainable Development Goals in accordance with United Nations Policy: 2050 Sustainable Development Plan MGT places a high priority in driving sustainable business growth. The company strives to “share the essential building blocks of life for the community and society through providing sustainable and quality chemical products.” In addition, the company focuses on developing and nurturing its personnel to aid in their career development in this fast-paced society, and to further strengthen our position as one of the leading chemical distributors in Thailand. Business Highlight VISION “TO BE THE BEST SOLUTION PROVIDER OF CHEMICALS” MISSION “TO PROVIDE SUPERIOR VALUE OF CHEMICAL SERVICES AND SOLUTIONS TO OUR PARTNERS” Performance and Analysis Business Performance Summary Gross profit in Q1/2024 increased by 3.53 million baht, representing an increase of 4.55% compared to Q1/2023 and gross profit increased by 6.76 million baht or 9.10% compared to Q4/2023. Gross profit margin in Q1/2024 increased from 30% to 33% compared to the same period of FY2023 and increased from 32% to 33% compared to Q4/2023. In Q1/2024, the Company's selling, distribution and administrative expenses increased by 1.37 million baht, accounted for 2.88% compared to the same period of FY2023.The incurred expenses are in accordance with the company's structure and when compared to Q4/2023, overall expenses were at the same level. In Q1/2024, the Company's net profit increased by 2.95 million baht or 12.35% and Company's net profit increased by 3.36 million baht or 14.32% compared to Q4/2023. According to the Company's operating results in Q1/2024, the Company was able to manage and cope with the current exchange rate fluctuations and other fluctuations which is expected to cause risks and may affect the company in every aspect. The Company determines to creating business opportunities to increase consistently profitable to maintain the best interest of investors and the Company. Key Milestones • 2023 Invested in Abio Materials Co., Ltd. • 2023 Invested in Jios Aerogel Holdings Pte. Ltd. Risk Management Policy 1. Implementing clear policy in flexible forward contract 2. Expanding the customer base to cover every sector to mitigate the risk of dependence on the industry of the main customers. 3. Closely monitor the supply chain situation of trading partners. To reduce the impact of logistics and the control of China's electricity consumption. This may cause the import of goods to be delayed more than usual. 4. Diversify risks and invest in more eco-friendly industries Revenue Structure Sales revenue 99.1% Others 0.9% Stock Information mai / INDUS Closing price MGT mai index 4.00 2.50 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 MGT INDUS mai P/E (X) 12.42 22.58 109.40 P/BV (X) 1.70 1.27 2.11 Dividend yield (%) 3.91 2.28 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 1,024.00 928.00 1,416.00 Price (B/Share) 2.56 2.32 3.54 P/E (X) 12.42 13.14 14.58 P/BV (X) 1.70 1.60 2.56 CG Report: Major Shareholders as of 08/03/2024 MR. VITTHAYA INALA (37.68%) Megachem Ltd. (36.19%) MISS VARIYA INALA (2.51%) Thai NVDR Company Limited (1.08%) MR. SUKSAN YASASIN (0.53%) Others (22.01%) Company Information and Contact http://www.megachem.co.th [email protected] 0-2739-6333 25 Soi Chalongkrung 31, Ladkrabang Industrial Estate Soi G1/9, Lamplathew, Ladkrabang Bangkok 10520 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=MGT Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 24/05/2024 67


MOONG : MOONG PATTANA INTERNATIONAL PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview The Company is a consumer products and a distributor of consumer goods (Total Solution Provider) , our core business are 1) Distribute of Own brand products, 2) Distributor of consumer goods and 3) Joint venture business Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 196.12 194.98 810.76 831.00 Expenses 195.47 193.41 790.58 812.80 Net Profit (Loss) 10.09 9.13 40.49 35.70 Balance Sheet (MB) Assets 1,352.94 1,342.83 1,337.88 1,352.05 Liabilities 277.82 265.51 271.85 279.01 Shareholders' Equity 1,075.11 1,077.33 1,066.02 1,073.04 Cash Flow (MB) Operating -11.89 -5.26 80.09 -1.74 Investing 25.63 14.51 27.01 38.76 Financing -1.95 8.11 -40.94 -42.94 Financial Ratio EPS (Baht) 0.03 0.03 0.12 0.11 GP Margin (%) 41.76 40.78 40.52 37.96 NP Margin (%) 5.15 4.68 4.99 4.30 D/E Ratio (x) 0.26 0.25 0.26 0.26 ROE (%) 3.85 2.78 3.79 3.35 ROA (%) 3.41 2.51 3.36 2.96 Business Plan The company has a growth plan which is in line with consumer behavior changes and new lifestyles. The business has expanded into the Health and Wellness product group with the aim of providing a good quality of life for every family by selecting the best for all ages. From our expertise in developing products that meet the needs of consumers Marketing and distribution both domestically and abroad Sustainable Development Plan Business Highlight • The Company has investments in associated companies, namely Thai Pigeon Co., Ltd. (47% share), Pigeon Industries (Thailand) Co., Ltd. (2.5% share) and Yoshino Moong Pattana (Thailand) Co., Ltd. (6% share) • Develop own E-Commerce platform and other E-Commerce channel. • Develop own products focus on health & Wellness category Performance and Analysis Business Performance Summary • Sales did not grow due to the termination of distribution of some low-margin products. Mother and child products are started to improve and are growing, especially selling in online channels. • Gross profit increased from product proportion management. Focusing on products with high profits as a result, net profits increased from the previous year. Key Milestones • 2009 The Company listed and trade on The Market for Alternative Investment (mai) • 2017 Officially appointed as exclusive distributor of Pigeon products in Laos. • 2018 Introduced E-Commerce (Moongshop.com) platform. • 2020-current Market expansion to CLMV markets such as Cambodia, Myanmar. Diversified to Health and Wellness product with new products launch, Herbal drink no sugar under new brand BAO in Food& Beverage category Risk Management Policy • Risk from the economic slowdown: The company emphasizes expanding new distribution channels. Both domestically and abroad, especially in the CLMV group and E-Commerce channels that have a significant growth potential. • Risk from rapidly changing consumer behavior: The company must adjust its strategy and information technology systems. to be consistent with such change The company has allocated various budgets. To support the growth of online sales channels, which can cover a variety of platforms, whether it be the company's own website or Market place and cooperation with partners. Retail stores have increased sales through online channels, resulting in the proportion of online channels having grown significantly in the past 2 years. Recent Awards and Recognitions • The Best CEO of companies listed on the mai, by SET Awards 2019 • The Company's Outstanding Performance Awards, SET Awards 2019 • The Outstanding Best Investor Relations Awards, SET Awards 2022 • The Outstanding Best Investor Relations Awards, SET Awards 2023 Revenue Structure Revenue from sales 94.1% Others 5.9% Stock Information mai / CONSUMP Closing price MOONG mai index 3.00 2.00 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 MOONG CONSUMP mai P/E (X) 18.34 64.26 109.40 P/BV (X) 0.70 1.85 2.11 Dividend yield (%) 5.45 1.05 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 742.38 695.14 816.62 Price (B/Share) 2.20 2.06 2.42 P/E (X) 18.34 15.27 18.59 P/BV (X) 0.70 0.65 0.76 CG Report: Company Rating: ESG rating - A Major Shareholders as of 08/03/2024 MR. SUMETH LERSUMITKUL (53.77%) MR. SUTHEE LERSUMITKUL (5.04%) MR. METHIN LERSUMITKUL (5.00%) MRS. Sureeporn Anuvatudom (3.76%) นาย อิทธิชัย สงวนสินธุกูล (1.98%) Others (30.45%) Company Information and Contact http://www.moongpattana.com 0-2020-8999 No. 2/97-104 18th-19th Floor, Bangna Complex Office Tower, Soi Bangna-Trad 25, Bangna-Trad Road, Bang Na Nuea, Bangna Bangkok 10260 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=MOONG Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 20/05/2024 68


MORE : MORE RETURN PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Business Operations of the Group1) Buying and selling segment Distributor of energy-saving devices and businesses related to renewable energy (Renewable Energy) 2) Public Utilities Production and distribution of tap water and installation of a water supply system to manage the water supply on Samed Island and surrounding areas in Pluang Daeng District, Rayong Province, operated by a subsidiary company Samed Utilities Company Limited Pluak Daeng Company Limited (PLD) K Waterworks Company Engineering Co., Ltd. (KWATER) Service segment Personnel management 4) Real estate development business Operated by a subsidiary, More Property Co., Ltd. Development Company Limited (PROP)5) Entertainment business operated by More Dan Entertainment Co., Ltd. (MDE), a subsidiary.By being appointed by More Return Public Company Limited to represent the management of the concertand provided joint venture partners to carry out the Rolling Lound concert held in November 2024. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 24.16 18.00 82.04 140.21 Expenses 22.78 18.80 314.10 119.28 Net Profit (Loss) 5.53 -0.32 -137.67 13.91 Balance Sheet (MB) Assets 1,451.52 1,898.03 1,485.84 2,002.20 Liabilities 83.59 106.25 100.14 127.19 Shareholders' Equity 1,437.23 1,772.43 1,455.95 1,854.59 Cash Flow (MB) Operating -42.59 -11.44 -14.67 -69.08 Investing -33.66 -73.41 -454.29 -10.13 Financing -0.04 -3.83 -3.94 758.87 Financial Ratio EPS (Baht) 0.00 0.00 -0.02 0.00 GP Margin (%) 37.98 33.17 34.76 26.46 NP Margin (%) 26.85 -7.70 -278.34 8.56 D/E Ratio (x) 0.06 0.06 0.07 0.07 ROE (%) -8.21 0.72 -8.32 0.84 ROA (%) -12.93 0.77 -12.90 1.02 Business Plan The company has a plan to expand into the health and beauty business in the form of OEM* or Original equipment manufacturer/ ODM** or Original Design manufacturer, which is a business operation by contract production of products. Health and beauty product group, which includes product design and market the products The company has a plan to increase capital in order to invest the money in the said business to increase opportunities and another channel for earning income, as well as expand the current business operations. namely in the public utilities business group Real estate business and entertainment business However, because the said fundraising plan did not go as planned, the company therefore delayed investment in the health and beauty business group. But still conducting business as usual Sustainable Development Plan Business Highlight The company plans to organize the Rolling Loud Thailand 2024 concert, which will be held for the second year at Legend Siam Pattaya on 22-24 November 2024. Performance and Analysis Business Performance Summary For the first quarter ending March 31, 2024, the company had a net profit of 6.49 million baht on the consolidated financial statements, accounting for 21.35 percent of total revenue. When compared to the previous period, it was found that the company's net profit increased by 7.88 million baht or an increase rate. increased by 568.18 percent due to (1) Gain from fair value adjustment - securities listed on the stock exchange in the amount of 6.23 million baht. (2) Income from tap water sales increased by 3.91 million baht and (3) Return on investment in the amount of 2.50 million baht. The company has main income from business operations totaling 18.73 million baht, which consists of Revenue from the service segment was 0.38 million baht and revenue from the utilities segment was 18.35 million baht, representing 2.03 and 97.97 percent when compared to the financial statements of the previous period. The company's total income from all segments increased by 4.00 million baht or an increase rate of 27.13 percent because the company's income from the utilities segment increased by 3.91 million baht or an increase rate of 27.10 percent from the sale of tap water at Koh Samed. with the number of tourists and water consumption increasing Other income of the consolidated financial statements for the 1st quarter ending March 31, 2024 amounted to 11.67 million baht when compared to the previous period's financial statements. It was found that other income increased by 8.40 million baht or an increase rate of 256.87 percent. Most of the increase came from profits from fair value adjustments - securities listed on the stock exchange in the amount of 6.23 million baht and returns from investments in the amount of 2.50 million. baht Key Milestones The Company is in the process of concluding an agreement between investors. The Company is required to sell its investment in HEALTH common shares in order to use the money to pay expenses for the Rolling Loud Thailand 2024 concert project as planned instead. Money expected to be received from the capital increase Due to the plan to increase capital by issuing and offering additional common shares to existing shareholders (RO) in the past in order to use some of the additional capital. Pay the artist deposit and various expenses In the Rolling Loud Thailand 2024 concert project, year 2, which will be held on 22-24 November 2024, there is Thai NVDR Company Limited (NVDR), a subsidiary of Stock Exchange of Thailand (SET), where SET holds 99.99 percent of the registered and paid-up capital. Attended the meeting and voted at the meeting, causing the capital reduction agenda to have no votes to pass the resolution. As a result, the agenda for increasing capital is the next agenda. was not considered by shareholders at that time However, the process of selling investments in HEALTH common shares is in the process of reaching an agreement between investors regarding both the number of shares and the purchase price. to be enough and in time to pay expenses in the said project Taking into account the best interests of the company and shareholders is important. Risk Management Policy Recent Awards and Recognitions Revenue Structure Utilities section 97.97% Service section 2.03% Stock Information mai / SERVICE Closing price MORE mai index 1.00 0.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 MORE SERVICE mai P/E (X) - 111.30 109.40 P/BV (X) 0.44 2.64 2.11 Dividend yield (%) - 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 645.91 717.67 2,888.23 Price (B/Share) 0.09 0.10 0.42 P/E (X) - - 2.70 P/BV (X) 0.44 0.88 1.40 CG Report: - Major Shareholders as of 27/03/2024 บริษัท Thai NVDR Company Limited (29.66%) MR. UMMARIT KLOMCHITCHAROEN (25.24%) บริษัทหลักทรัพย์จีเอ็มโอ-แซด คอม (ประเทศไทย) จํากัด (มหาชน) เพ�ือการลงทุน (11.69%) UOB KAY HIAN PRIVATE LIMITED (1.97%) น.ส. อําพร ศรีโพธิ�ทอง (1.56%) Others (29.88%) Company Information and Contact http://www.morereturn.co.th 0-2120-6804 222/148-150, Baan Suan Chatuchak Condominium, Soi Vibhavadi Rangsit 17 Vibhavadi Rangsit Road, Chatuchak Subdistrict, Chatuchak District Bangkok 10900 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=MORE Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 09/05/2024 69


MTW : MAKE TO WIN HOLDING PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Production and distribution of readymade clothes and electric motorcycles Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 111.01 135.71 528.98 250.89 Expenses 98.19 109.90 443.04 222.26 Net Profit (Loss) 7.33 17.10 54.24 19.37 Balance Sheet (MB) Assets 961.10 715.87 950.85 734.29 Liabilities 319.08 127.99 317.91 166.60 Shareholders' Equity 575.82 531.40 568.49 514.30 Cash Flow (MB) Operating 0.26 -30.58 -138.63 -44.29 Investing -2.99 -24.66 -151.25 -129.03 Financing 3.07 -74.31 130.78 323.38 Financial Ratio EPS (Baht) 0.01 0.05 0.08 0.08 GP Margin (%) 25.12 27.98 27.08 27.28 NP Margin (%) 8.18 14.88 12.35 8.81 D/E Ratio (x) 0.50 0.22 0.50 0.29 ROE (%) 8.03 5.96 10.02 4.82 ROA (%) 8.70 6.62 10.20 5.12 Business Plan Business Highlight • Make To Win Holding Public Company Limited issued warrant MTW-W1 on 30 April 2024 and the MAI Stock Exchange added the product: MTW-W1 to start trading on 17 May 2024. Performance and Analysis Business Performance Summary Sales income Sales income of the Group for the three-month period in the first quarter of 2024 amounted to 110.61 million baht, a decrease of 27.79 million baht, or 18% percent, compared to the three-month period in the first quarter of 2023, due to the following two parts of income: 1. The sales of ready-made clothing decreased by 3.92 million baht, accounting for 22.39%, 2. Sales of electric motorcycles decreased by 20.08 million baht, accounting for 17.70 % , due to the leasing company giving out fewer loans. This is because the government sector controls interest rates on loans to be low. Gross profit 1. Sales of ready-made clothing Gross profit margin decreased by 8% due to decreased sales but the company still had production labor costs which are fixed costs, 2. As for the sales of electric motorcycles, the gross profit margin decreased by 2 % due to the company's costs consisting of 3 main groups: 1.) Raw materials used in production. In this part, the company is still able to control prices well. 2.) Employee expenses and 3.) Other costs such as depreciation. Cost of various consumables, etc. Cost of sales The Group has cost of sales for the three-month period in the first quarter of 2024 in the amount of 82.94 million baht, a decrease of 14.73 million baht, or 15 % percent, compared to the three-month period in the first quarter of 2023. Cost of sales decreased in line with decreased sales. Distribution costs The Group has costs for distribution. For the three-month period in the first quarter of 2027 , the amount was 5.41 million baht, a decrease of 0.06. million baht, equivalent to 1 % percent compared to Three-month period, Quarter 1 , 2026 6 Reduced distribution costs in the joint financial statements because the Company has related transactions that must be eliminated in the consolidated financial statements, resulting in a slight decrease in the balance. But in the separate financial statements and the financial statements of the subsidiaries, the increase was calculated as 1 %. Administrative expenses The group has administrative expenses. For the three-month period in the first quarter of 2027 The amount was 9.84 million baht, an increase of 3.09. million baht, accounting for 46 percent compared to Three-month period, quarter 1 , year 2026 6 Increased administrative expenses include: Management staff salary security costs Office electricity costs and depreciation causing administrative expenses to increase income tax The group of companies has Income tax expenses For the threemonth period in the first quarter of 2027 The amount of 0.21 million baht decreased by 19.98. Million baht, accounting for 99 percent compared to Three-month period, quarter 1 , year 2026 6 with reduced income tax expenses This is because the subsidiary has tax rights (BOI) for the entire amount of revenue from motorcycle sales. Key Milestones Risk Management Policy Revenue Structure electric motorcycle group 86% clothing group 14% Stock Information mai / INDUS Closing price MTW mai index 5.00 3.00 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 MTW INDUS mai P/E (X) 31.81 22.58 109.40 P/BV (X) 3.04 1.27 2.11 Dividend yield (%) - 2.28 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 1,725.44 1,428.88 1,307.56 Price (B/Share) 2.56 2.12 3.88 P/E (X) 31.81 25.99 75.66 P/BV (X) 3.04 2.56 2.56 CG Report: - Company Rating: Major Shareholders as of 11/03/2024 MR. Kittamet Tangphichayaphothiwat (31.54%) บริษัท ศูนย์รับฝากหลักทรัพย์(ประเทศไทย) จํากัด เพ�ือผู้ฝาก (17.32%) MISS CHUNCHIT TANGPHICHAYAPHOTHIWAT (12.10%) นาย จิตติพร จันทรัช (4.01%) นาย ชัยรัตน์โกวิทจินดาชัย (3.56%) Others (31.47%) Company Information and Contact http://www.maketowin.com 0-3410-0368 No. 9/70,9/88 Moo 3, Om Yai, Sam Phran Nakorn Phathom 73160 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=MTW Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 27/05/2024 70


MVP : M VISION PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview The company's principal businesses comprise of 3 categories as follows; 1. Event 2. Media & Agency 3. Commerce Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 95.89 98.22 326.75 341.65 Expenses 90.34 90.84 605.32 323.60 Net Profit (Loss) 4.41 4.78 -288.19 7.94 Balance Sheet (MB) Assets 413.03 648.31 411.81 640.87 Liabilities 215.69 198.72 220.51 196.39 Shareholders' Equity 196.89 449.46 190.51 444.09 Cash Flow (MB) Operating 9.13 12.44 5.18 -18.92 Investing -3.11 -0.92 -7.63 -174.66 Financing -5.75 -9.10 1.23 184.84 Financial Ratio EPS (Baht) 0.01 0.02 -0.89 0.03 GP Margin (%) 26.16 26.47 5.80 37.78 NP Margin (%) 4.25 4.50 -88.61 2.44 D/E Ratio (x) 1.09 0.44 1.15 0.44 ROE (%) -89.29 1.66 -90.83 2.36 ROA (%) -52.97 2.67 -53.07 3.40 Business Plan Sustainable Development Plan Business Highlight In the quarter 1/2024, the Company achieved great success by hosting the 42nd Thailand Mobile EXPO, the largest mobile event, and the 3rd Bangkok EV EXPO, the exhibition showcasing products and technology related to electric vehicles and alternative energy, such as solar panels, electric cars, charging stations, and other related products. The events were held during February 8 - 11, 2024 at the Queen Sirikit National Convention Center. Altogether, the Company earns income from organizing various events, public relations, media work, and caravan services. The Company’s Bitcoin mining located in Pakse city, Lao People's Democratic Republi, using hydropower, a clean and sustainable energy source. However, in recent years, natural disasters and droughts across Asia have led to insufficient water supply and unable to produce enough electricity to meet demand, resulting in mining operations being temporarily suspended. The Company is currently actively negotiating and resolving these issues. It plans to resume Bitcoin mining in June 2024. In this price situation, the Company will definitely make income again. Performance and Analysis Business Performance Summary Revenue and gross prifit For the three-month period ended March 31, 2024, revenue decreased by Baht 0.8 million (representing 0.8 percent) compared to the same period last year, and gross profit decreased by Baht 1.0 million (representing 3.7 percent) compared to the same period last year. The main sources of revenue were income from organizing the Thailand Mobile EXPO (the mobile event) and the Bangkok EV EXPO (the electric vehicles and alternative energy event), totaling Baht 36.3 million and income from public relations media from government entity, totaling Baht 29.0 million. The cost of sales and serviceห primarily consisted of fixed costs, such as location costs, event costs, depreciation, and marketing expenses Profit Net profit for the three-month period ended March 31, 2024, amounting to Baht 5.1 million, with a net profit margin of 5.3%, comparable to the same period last year. Key Milestones In 2024, the Company will continue to strive to develop and expand its core business, placing importance on organizing events, which are the main activities of the company. The focus will be on organizing events with high growth rates, particularly the Thailand Mobile EXPO for mobile phones and the Bangkok EV EXPO for electric vehicles and alternative energy. These expos present significant growth opportunities and are highly exciting ventures, given their relevance in the market. They also serve as ideal platforms for launching new products. The Company has studied and is in the process of the issuance and offering of digital tokens related to caravan business (MVPx), which is one of the Company's businesses, encompassing both issuing and offering digital tokens for the public (Public Offering) and private placement (Private Offering). The issuance and offering of token digital is subject to the approval by the SEC and the effectiveness of the filings and draft prospectus. In this regard, the Company will inform significant progress accordingly. Risk Management Policy - Recent Awards and Recognitions - Revenue Structure Stock Information mai / SERVICE Closing price MVP mai index 4.00 2.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 MVP SERVICE mai P/E (X) - 111.30 109.40 P/BV (X) 2.04 2.64 2.11 Dividend yield (%) - 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 387.85 485.65 755.47 Price (B/Share) 1.15 1.44 2.46 P/E (X) - - - P/BV (X) 2.04 1.20 1.78 CG Report: Company Rating: Major Shareholders as of 15/03/2024 CAPITAL ASIA INVESTMENTS PTE. LTD. (13.34%) MR. SURA KHANITTAWEEKUL (7.00%) MR. OPAS CHERDPUNT (5.95%) MR. BUNCHA PHANTUMKOMOL (4.25%) MR. CHAIRAT KOVITCHINDACHAI (3.83%) Others (65.63%) Company Information and Contact http://www.mvisioncorp.com 0-2735-1201, 0-2735-1202, 0-2735-1204 11/1 Soi Ramkhamhaeng 121 Hua Mak, Bang Kapi Bangkok 10240 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=MVP Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 06/06/2024 71


NCL : NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview NCL principally engages in the business of one-stop logistics service provider which includes planning, managing, and proposing logistics solutions to customers. In addition, NCL is expanding to the non-logistics business. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 168.31 218.21 709.30 1,940.40 Expenses 202.03 234.76 1,079.04 1,929.37 Net Profit (Loss) -35.99 -24.32 -328.56 -6.63 Balance Sheet (MB) Assets 927.54 1,252.99 965.81 1,357.21 Liabilities 629.44 601.08 632.05 680.71 Shareholders' Equity 297.28 629.00 332.38 654.27 Cash Flow (MB) Operating -32.42 0.38 -37.42 -5.42 Investing 10.23 -57.99 -74.43 -9.33 Financing 11.43 -73.42 -97.08 114.61 Financial Ratio EPS (Baht) -0.07 -0.05 -0.62 -0.01 GP Margin (%) 12.14 22.40 11.27 13.86 NP Margin (%) -21.38 -11.09 -46.27 -0.30 D/E Ratio (x) 2.11 0.92 1.89 1.01 ROE (%) -73.46 -9.40 -66.60 -1.24 ROA (%) -32.51 -3.41 -29.71 1.23 Business Plan NCL's goal is to expand its logistics business, which is in line with the growth of the Thai economy, by acquiring the same business to increase revenue and customer base, including investing in the synergetic business. In addition, the company has plans to expand its business into other areas as part of its sustainability plan to create long-term growth. Sustainable Development Plan Business Highlight NCL determined to develop its expertise as an integrated logistics service provider. The company strategy focuses on revenue expansion into other business in order to diversify risk and not rely solely on logistics business. Performance and Analysis Business Performance Summary In the 1st of 2024, the company report total revenue 168.3 million baht, decreased 23% QOQ. Total income mainly consisted of service income, which decreased by 26.5 million baht, or 14% QOQ due to transportation volume and freight costs decreased significantly compared to the previous year. There was no recognition of sales income due to disposal of the hemodialysis business in the 2nd quarter of 2023. Total costs and expenses were 202.0 million baht, a decrease of 32.8 million baht, or 14% QOQ due to the cost of providing services has decreased significantly from the freight rates and there was no recognition of cost of sales due to disposal of the hemodialysis business in the 2nd quarter of 2023. The share of gain (loss) on investment in associate, increased by 7.8 million baht, or 312% QOQ since Cheese Digital Network Company Limited has returned to operating its Digital Content Gateway business after improving its internal systems in early 2023, resulting the associated company has a profit from operations in the 1st quarter of 2024. Financial costs decreased by 1.1 million baht or 20% QOQ. For the 1st quarter of 2024, the company had a net loss of 36.0 million baht. Key Milestones The company sees the importance of expanding the income base in other businesses to spread risk and open up opportunities to invest in new businesses that have the potential to grow in the future. Risk Management Policy The company discloses risk management in the annual report, or Form 56-1 One Report. Recent Awards and Recognitions Revenue Structure Marine services 76.65% Inland transportation services 18.96% Air services 0.82% Others services 0.01% Others income 3.56% Stock Information mai / SERVICE Closing price NCL mai index 4.00 2.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 NCL SERVICE mai P/E (X) - 111.30 109.40 P/BV (X) 1.22 2.64 2.11 Dividend yield (%) - 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 406.74 443.72 1,679.78 Price (B/Share) 0.77 0.84 3.18 P/E (X) - - 52.97 P/BV (X) 1.22 0.86 2.51 CG Report: Company Rating: Major Shareholders as of 13/03/2024 นาย พงษ์เทพ วิชัยกุล (14.00%) MR. KITTI PHUATHAVORNSKUL (11.37%) นาย สมภพ ติงธนาธิกุล (7.57%) นาย ดนัยย์ประดิษฐสุวรรณ์(2.11%) MR. THEERAPUN HEMPADSON (1.70%) Others (63.25%) Company Information and Contact http://www.nclthailand.com 0-2459-4945 56/9-10 Soi Taksin 12/1, Taksin Road, Bukkalo, Thonburi Bangkok 10600 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=NCL Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 08/06/2024 72


NDR : N.D. RUBBER PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Motorcycle Tires and Tubes Manufacturer Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 242.49 205.45 838.79 844.92 Expenses 230.44 206.90 884.44 860.62 Net Profit (Loss) 4.35 -7.51 -64.97 -24.37 Balance Sheet (MB) Assets 1,052.00 1,087.74 1,039.23 1,108.20 Liabilities 281.52 257.50 286.42 258.91 Shareholders' Equity 768.93 828.69 751.24 847.63 Cash Flow (MB) Operating 10.26 32.50 46.37 8.28 Investing -2.51 -2.43 -55.20 -13.90 Financing 2.25 -5.26 9.22 -29.22 Financial Ratio EPS (Baht) 0.01 -0.02 -0.19 -0.07 GP Margin (%) 20.15 15.32 17.14 13.02 NP Margin (%) 1.79 -3.71 -7.75 -2.93 D/E Ratio (x) 0.37 0.31 0.38 0.30 ROE (%) -6.65 -3.69 -8.13 -2.78 ROA (%) -4.55 -2.50 -5.99 -2.17 Business Plan The Company has focused on new product development and generated new businesses as well as increasing new type of distribution channel to increasingly penetrate to target customers. The move is also aimed to enable the Company to be recognized in Asia and Southeast Asia. In addition, the company has implemented cost efficiency policy, focusing on upgrading production process to automation. The company is also committed to complying with good corporate governance principles and performing for the benefit of stakeholders to pave the way to become an organization with sustainable development. Besides playing a part in driving economic growth, the Company is an organization that supports the balanced growth between social and environment development. Sustainable Development Plan The Company has appointed a sustainability development committee to drive and review economic, social and environment strategies to ensure they sustainably fit the Company’s context and are put into action. Parties involved are brought in to drive projects and key performance indicators of all activities will be evaluated. Business Highlight 1.It is a product development leader in the industry, applying advanced tools and equipment in its designing process. 2.It is an international company as it has invested in overseas. Performance and Analysis Business Performance Summary This quarter, our total revenue has continuously increased from the previous quarter, with an increase of 23.88 million baht compared to the last quarter, and up 36.50 million baht from the same quarter last year. This growth is a result of our strategic adjustment to focus on selling higher gross margin product groups. We have also managed to keep our cost of goods sold similar to the previous quarter, despite price increases for several raw materials. We must continue to closely monitor raw material prices to ensure that our costs do not exceed reasonable levels. Gross profit remains at approximately 20%, similar to the previous quarter and higher than the first quarter of last year. However, net profit has decreased from the previous quarter to 4.3 million baht because this quarter does not include the special tax income from the subsidiary in Malaysia that was recorded in the previous quarter. Key Milestones Risk Management Policy Significant business risk factors and risk prevention measures are as follows. · Fluctuation of raw material price – The main raw material used in tire and tube production process is natural rubber, of which its price movement tracks global market price. To mitigate risk, the company has placed orders of natural rubber 2-3 months in advance on agreed price. This has enabled the Company to be aware of product cost in advance. · Foreign exchange rate volatility – The Company has used derivative instruments to hedge its exposure as appropriate. Revenue Structure Revenue from motorcycle tires 59.4% Revenue from motorcycle tube 15.19% Revenue from tire spare parts 4.61% others 20.8% Stock Information mai / INDUS Closing price NDR mai index 3.00 1.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 NDR INDUS mai P/E (X) - 22.58 109.40 P/BV (X) 0.93 1.27 2.11 Dividend yield (%) - 2.28 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 700.72 412.80 728.47 Price (B/Share) 2.02 1.19 2.10 P/E (X) - - 81.68 P/BV (X) 0.93 0.54 0.81 CG Report: Company Rating: SET ESG Rating : A Major Shareholders as of 13/03/2024 BANK OF SINGAPORE LIMITED (22.69%) MRS. NITAYA SAMRITVANITCHA (21.65%) MR. CHAIYASIT SAMRITTIVANICHA (21.17%) MRS. THUNYARAT SAMRITTIVANICHA (4.45%) MISS NAIYANA FUANGFUKITPISAN (2.74%) Others (27.30%) Company Information and Contact http://www.ndrubber.co.th 0-3816-0707 129 Moo 3 Nongchak-Phanasnikom Rd., Nongeiroon Banbueng Chonburi 20220 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=NDR Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 20/05/2024 73


NETBAY : NETBAY PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Netbay and the subsidiaries company (The Group), including Cloud Creation Company Limited and Fynnet Ventures Company Limited, are the Innovative Technology Company. On 12 January 2024, and 20 February 2024, Mr. Pichit Wiwattanarujirapong, a major shareholder of the Company, sold all of his shares to multiple companies and investors, who are business partners, totaling 100,099,990 shares, or accounting for approximately 50.05% of the registered capital. Following the completion of this transaction, the major shareholder structure of the Company has changed, with Ditto (Thailand) Public Company Limited becoming the Company's current major shareholders holding 24.9% of the shares and Team Consulting and Management Co., Ltd., holding 6.0% of the shares. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 130.67 124.89 494.99 461.65 Expenses 70.87 66.42 269.34 246.55 Net Profit (Loss) 47.47 46.78 180.30 169.74 Balance Sheet (MB) Assets 759.55 707.26 725.40 684.03 Liabilities 192.69 160.59 206.46 183.07 Shareholders' Equity 566.86 546.67 518.93 500.97 Cash Flow (MB) Operating 9.81 61.43 196.93 149.98 Investing 16.66 -58.07 -9.37 7.48 Financing -2.55 -0.84 -167.22 -162.11 Financial Ratio EPS (Baht) 0.24 0.23 0.90 0.85 GP Margin (%) 80.27 78.47 79.06 78.78 NP Margin (%) 36.33 37.46 36.42 36.77 D/E Ratio (x) 0.34 0.29 0.40 0.37 ROE (%) 32.51 34.04 35.36 34.54 ROA (%) 30.93 33.10 32.00 32.46 Business Plan In addition to continued growth in the existing E-Document Platform business, the company focused on expanding our market in i-Box and the Project. Business Highlight The Group will continue to pursue business growth, by focusing on the increase organic growth, Innovating Unique Product, Extended Portfolio & Channel and S Curve for future investment (Business Partner). Performance and Analysis Business Performance Summary Service income of Netbay Public Company Limited (“the Company”) and its subsidiary for Q1/2024 was Baht 128.15 million, increasing Baht 4.78 million or 3.88% from Q1/2023. Revenue rises when the economy begins to revive. The company was also able to effectively manage costs and expenses, resulting in a growth in profit. Key Milestones In 2021, the company became the first provider of E-Tax Invoices and E-Receipts, and assumed control over the company Fynnet Ventures Co., Ltd, which meant that the company’s joint venture investment had now become a subsidiary. In Q2'2022, The company invested in NIPPON SYSITS CO.,Ltd and TECHCONS BIZ Co.,Ltd to expand opportunities (synergy) for higher value and long-term return. During the first quarter of 2024 the Company signed contract with Ditto (Thailand) Public Company Limited to develop the Smart Zoo Application Platform. The project valued is 46.75 million Baht. Risk Management Policy Risk of reliance on employees: To manage this risk, the company places importance on developing employees in the Group so that each member of the team would be able to work interchangeably in each other’s role, and also has a policy of providing competitive compensation. Risk of technology change: The company has a policy to provide regular training to employees on new programs and technologies. Recent Awards and Recognitions • 2017: The company received the Prime Minister’s Digital Award in the Digital Entrepreneur of the Year category. • 2021: The company was the first in Thailand to receive the ISO/IEC 27701:2019 standard certification for privacy information management from the global certification body ANAB (ANSI-ASQ National Accreditation Board). • 2022: The company received the Outstanding Tech Company Awards from The Asian-Oceanian Computing Industry Organization (Asocio). • 2023: The company received the Outstanding CEO Awards and the Outstanding Company Performance Awards from SET Revenue Structure Digital Business Services 99% Others 1% Stock Information mai / TECH Closing price NETBAY mai index 29.00 21.00 13.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 NETBAY TECH mai P/E (X) 22.96 32.19 109.40 P/BV (X) 7.98 2.71 2.11 Dividend yield (%) 4.34 1.80 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 4,140.00 4,960.00 5,000.00 Price (B/Share) 20.70 24.80 25.00 P/E (X) 22.96 25.08 32.33 P/BV (X) 7.98 10.49 11.63 CG Report: - Major Shareholders as of 29/03/2024 บริษัท ดิทโต้(ประเทศไทย) จํากัด (มหาชน) (24.90%) บริษัท TEAM CONSULTING ENGINEERING AND MANAGEME . (6.00%) บริษัท Thai NVDR Company Limited (5.28%) นาย SOMPONG CHONECADEEDUMRONGKUL (2.80%) บริษัท ไซเท็ม คอร์ปอเรช�นัจํากัด (2.50%) Others (58.52%) Company Information and Contact http://www.netbay.co.th 0-2620-1800 No. 719/5,8-9 Rama 6 Road, Wang mai, Pathumwan Bangkok 10330 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=NETBAY Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 06/06/2024 74


PANEL : PanelesMatic Solutions Public Company Limited 3M/2024 (Jan - Mar 2024) Business Overview Manufacturing, Importing and Distributing Soundproof Movable Wall, Soundproof Materials for Architectural Works, Automated Door Systems and Materials for Hospital and Public Health Projects, as well as proving comprehensive related services. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 26.98 30.19 132.67 110.71 Expenses 25.04 14.63 109.20 90.32 Net Profit (Loss) 1.60 4.42 18.03 15.94 Balance Sheet (MB) Assets 296.35 109.85 146.61 137.44 Liabilities 27.59 31.58 54.72 34.59 Shareholders' Equity 268.77 78.27 91.89 102.85 Cash Flow (MB) Operating 7.10 18.37 31.26 8.04 Investing 1.09 -0.43 -39.87 23.39 Financing 146.36 -38.05 -9.18 -7.38 Financial Ratio EPS (Baht) 0.01 0.32 0.13 1.23 GP Margin (%) 40.97 43.11 38.15 38.44 NP Margin (%) 5.94 14.72 13.59 14.39 D/E Ratio (x) 0.10 0.40 0.60 0.34 ROE (%) 5.65 4.72 19.63 15.50 ROA (%) 6.62 3.36 16.01 15.90 Business Plan In 2024, the company plans to increase total revenue from 2023 by not less than 35% by increasing the proportion of revenue from hospitals. and the gross profit margin is not less than 40%, which the company will pay off all long-term loans. and proceed with the construction of a new factory building. To be completed within 2024, including the procurement of new machinery to increase production capacity. Sustainable Development Plan Business Highlight PanelesMatic Solutions Public Company Limited is listed on the MAI Industry Group. Real estate and construction, abbreviated as "PANEL", began trading on February 22, 2024, with the aim of issuing common stock to build new factories and purchase machines to increase production capacity. Repayment of loans and use as business operating funds. Performance and Analysis Business Performance Summary During the three-month period ending March 31, 2024, the company had sales and service income of 26.98 million baht, with sales and service costs of 15.82 million baht, with a gross profit margin of 40.97 percent of sales and service income. It had a net profit of 1.60 million baht with a net profit rate of 5.93 percent of total revenue. Key Milestones In 2023 Annual General Meeting of Shareholders of 2023, held on April 25, 2023, passed the following resolution: • Transformed into a public company using the name PanelesMatic Solutions Public Company Limited and registered the transformation into a public company limited on 8 May 2023. • Changed the par value from a par value of 5 baht per share to a par value of 0.50 baht per share. • Increased its registered capital from the former registered capital of 25 million baht to a registered capital of 70 million baht. • Distribute 25 million baht of new ordinary shares, divided into 50 million shares with a face value of 0.50 baht per share, for the first time to be issued to the public. (Initial Public Offering) • The resolution approved the listing of the company's common stock Registered as The Stock Exchange of Thailand (MAI) Risk Management Policy Risks to the company's business operations • Risk from reliance on major suppliers Reduce the proportion of imported finished products. By increasing the import of only raw materials for further production. Including maintaining good relationships with suppliers. • Risk from Business Operating sales growth Plan to move the factory to increase production capacity in line with business growth. The new factory will have more than double the usable space and use automated machinery. This results in an increase in production capacity of 2.5-4.0 times. • Risk from delays in construction projects Follow construction progress closely. If any work is found to be delayed, the product production plan will be changed to another customer instead. The company always collects money for products in advance, thus reducing the impact on cash flow. Management Risk • Risk from relying on executives and personnel with business expertise Develop a team with work potential, train personnel, and develop a succession plan. • Risk from relying on skilled workers Plan employee training motivated with benefits and rewards There are also plans to use more automatic machines. To reduce dependency on labor Financial risk • Risk from default on Accounts receivable Collect the freight in advance and collect the remaining payment in installments according to the agreement. • Risk of fluctuation of foreign exchange rate Reduce the proportion of importing finished goods from abroad and produce more products yourself. Revenue Structure Stock Information mai / PROPCON Closing price PANEL mai index 5.00 2.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 PANEL PROPCON mai P/E (X) 24.44 - 109.40 P/BV (X) 1.60 2.56 2.11 Dividend yield (%) 1.72 1.33 1.80 29/03/24 - - Market Cap (MB) 440.80 N/A N/A Price (B/Share) 2.32 N/A N/A P/E (X) 24.44 N/A N/A P/BV (X) 1.60 N/A N/A CG Report: - Major Shareholders as of 13/03/2024 MR. AUNGSURUS AREEKUL (33.16%) MRS. JULIA W PETPAISIT (29.55%) MR. AMORN KITKRUA (7.37%) MISS MARISA KITKRUA (1.77%) MR. KHAJORNKIAT UNG-ARAM (1.05%) Others (27.10%) Company Information and Contact http://www.panelesmatic.com 0-2965-5578-80,82-84 Ext.312 36 Moo 7, New Samakkhi road, Bang Talat, Pak Kret Nonthaburi 11120 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=PANEL Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 03/06/2024 75


PEER : PEER FOR YOU PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview The Company provides Fully Outsourced Contact Center Services and Turnkey Total Solutions to government agencies and corporations with modern technology and provides rental services both of Contact center facilities, software package and Contact Center System Software which are customized by customers. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 164.23 196.31 591.47 634.89 Expenses 128.77 164.27 1,010.26 773.40 Net Profit (Loss) 33.28 32.46 -442.13 -116.22 Balance Sheet (MB) Assets 1,581.01 900.84 1,146.57 979.36 Liabilities 299.22 80.47 101.08 142.22 Shareholders' Equity 1,235.80 820.37 1,045.49 787.91 Cash Flow (MB) Operating 19.83 -31.81 5.18 90.81 Investing -204.89 74.74 -720.19 -171.22 Financing 154.36 -2.74 689.49 -12.42 Financial Ratio EPS (Baht) 0.04 0.06 -0.63 -0.21 GP Margin (%) 15.46 9.90 15.46 17.32 NP Margin (%) 20.27 13.86 -75.63 -18.23 D/E Ratio (x) 0.23 0.10 0.10 0.17 ROE (%) -42.93 -6.94 -48.23 -13.74 ROA (%) -33.79 -8.19 -39.40 -13.97 Business Plan The company has adjusted its Call Center services to the Smart Call Center format in order to be able to provide integrated services, which will play an important role in communications for various organizations. Expand customer base to cover both B2B, B2G and B2C. It has also invested in the Fintech business “peer to peer lending platform” (P2P) in StockLend by NestiFly, which is a financial sector innovation that helps match loan applicants and investors together through a financial platform. The company Ready to expand and bring in technology to help develop Available products to gain strength and to develop new products or services for society, creating income stability for the Company. Sustainable Development Plan The company realizes that conducting business must take into account stakeholders. which various operations The organization may cause both positive and negative impacts on all stakeholders. Therefore, a stakeholder participation policy has been developed. To determine guidelines for dealing with stakeholders. To help with management according to the principles of good corporate governance. Sustainable development issues are considered according to their level of significance. Including business risk management with an aim to preserve the benefits of all stakeholders. The company has a campaign to use energy and resources to understand their value and achieve maximum efficiency. and considering environmental impacts and greenhouse gas emissions Including collecting usage statistics for comparative analysis every month. Business Highlight On February 19, 2024, the Extraordinary General Meeting of Shareholders No. 1/2024 resolved to approve One to One Contacts Public Company Limited to change its name to "Peer for You Public Company Limited" and change its seal. New stamp Including the change of the security abbreviation from OTO to "PEER" by changing the company name and security abbreviation effective on the Stock Exchange on March 5, 2024. Performance and Analysis Business Performance Summary Business overview of Peer for You Public Company Limited and its subsidiaries (“the Group”) for the first quarter of year 2024 compared to the same period of the prior year are as follows; The Group had an operating income (excluding other income) amounting to THB 156.9 million, increased by THB 18.7 million or 13.5%, which mainly increased from the revenue from services and contract work. The total cost was reported at THB 132.7 million, increased by THB 8.1 million or 6.5%. The gross profit margin for this quarter increased by THB 10.6 million. The gross profit margin was at 15.5%. The Group had a net profit amounting to THB 33.3 million, increased by THB 6.0 million or 22.0% compared to the first quarter of 2023, resulting from an increase in main income of THB 18.7 million and an increase in other income from investment in equity instruments of listed companies of THB 31.5 million and other income of THB 7.5 million from revenue from fines and interest income, due to delayed repayment of participation in investment studies with a local company and interest income from loan to other company. Key Milestones The company received approval from the Extraordinary General Meeting of Shareholders No. 1/2024 on February 19, 2024 to increase the registered capital of the company in the amount of 2,106,016,595 baht from the original registered capital of 889,999,995 baht to a new registered capital of 2,106,016,595 baht. 2,946,016,590 baht by issuing new ordinary shares in the amount 2,106,016,595 shares with a par value of 1.00 baht per share to be offered for specific sale to a limited number of persons (Private Placement) and to support the exercise of rights under the OTO-W2 warrants. Authorized Capital 2,946,016,590.00 Baht, Paidup Capital 1,054,903,176.00 Baht Risk Management Policy The company has established a policy for risk management. and is regularly reviewed in order to keep up with changing economic and political situations. The policy for managing such risks Including measures to prevent and manage risks. The Risk Management Committee has supervised and followed up as follows: • Consider the risk management plan and organizational risks that the management has assessed and classified risks. Including considering the impacts to be at an acceptable level. or reduce the chance of it occurring in the future To ensure that the risk management plan is consistent with the company's business plans and goals. • Follow up and review the operations according to the risk management plan that the management has set. To ensure that the company has systematic and effective risk management. • Review the Risk Management Committee Charter to ensure that it appropriately reflects the current situation. Revenue Structure Fully Outsourced 62.3% Customer service(CSR) 33.6% Sales and Turnkey 2.5% Maintenance Service 1.3% Facility Service 0.3% Stock Information mai / SERVICE Closing price PEER mai index 29.00 14.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 PEER SERVICE mai P/E (X) - 111.30 109.40 P/BV (X) 0.39 2.64 2.11 Dividend yield (%) - 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 404.55 682.18 7,728.00 Price (B/Share) 0.51 0.86 13.80 P/E (X) - - - P/BV (X) 0.39 0.56 9.74 CG Report: Major Shareholders as of 29/03/2024 บร˰ษัท AQUA CORPORATION PUBLIC COMPANY LIMITED (24.80%) นǨย บ˿ญǪǥˣ˶ǥ จ˰ตรถนǥม (5.80%) MR. NATTAPONG SEETAVORARAT (4.03%) บร˰ษัท Thai NVDR Company Limited (2.08%) MR. VIRAT ANURAKPUTTI (1.63%) Others (61.66%) Company Information and Contact http://www.onetoonecontacts.com [email protected] 0 2975 5999 99/26 Moo 4, Software Park 9 Fl., Chaengwattana Rd., Klong Gluar, Pak-kred Nonthaburi 11120 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=PEER Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 28/05/2024 76


PHOL : PHOL DHANYA PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview The company does the business as a distributor of safety, occupational health and environment products and services covering the supports of safety for people’s work and daily life, the safety of equipment and the service of water solution systems as well as the other environmental management services. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 260.32 241.27 981.43 1,003.34 Expenses 238.75 225.19 907.56 931.60 Net Profit (Loss) 15.55 12.65 58.30 54.04 Balance Sheet (MB) Assets 645.37 587.85 643.39 638.82 Liabilities 255.51 217.99 268.99 285.25 Shareholders' Equity 389.74 371.16 374.28 354.87 Cash Flow (MB) Operating 1.54 31.55 68.08 27.42 Investing -0.36 -2.10 0.71 -16.04 Financing -12.16 -48.03 -60.68 -16.50 Financial Ratio EPS (Baht) 0.08 0.06 0.29 0.27 GP Margin (%) 26.98 27.10 26.63 25.76 NP Margin (%) 5.97 5.24 6.09 5.39 D/E Ratio (x) 0.66 0.59 0.72 0.81 ROE (%) 16.08 13.44 15.99 15.34 ROA (%) 12.83 10.59 11.90 11.21 Business Plan • To increase the growths from the main business, which is the sales of safety, occupational health and environment products and services for the customers in the existing industries and to expand the customer bases to other industries especially for the target industries of the country and the industries with the potential growths. • To expand the customer bases to the consumer groups who have the awareness of safety in doing activities or daily life by improving or developing the products and services which satisfies with the customer’s needs and improving the distribution channels to support the customer markets • To introduce a new product supporting the expansion of customer bases into the customers who are interested in the safety products related to medical and health. • To expand the service business of water solution systems by improving or expanding the services to other environmental management projects. Sustainable Development Plan The company’s sustainability framework can be divided into 3parts: • Safer Living – Take part in building safety and good health for people both within and outside of the company. • Operation Efficiency – Continually develop for greater operational efficiency and service towards business growth that is steady and sustainable. • Minimize Environmental Footprint – Manage pollution caused by operations, effectively use natural resources, be involved in environmental care. Business Highlight • The company has been doing a business for 45 years, considered as one of the leading companies who distributes or sells the products as one stop services and are experienced in product selection and supply chain management • For the safety, occupational health and environment management, companies, public agencies and private agencies pay attention to according to the law and regulations that tend to be stricter. Also, normal people have more safety awareness in daily life Performance and Analysis Business Performance Summary Q1/2024, revenue from the sales and services were 259.31 MB, increased 18.38 MB or 7.63% YoY, mainly from SAFETY Products which increased from sales in the personal protective equipment in accordance with the expansion of the industrial sector and services sector and revenue from Water Products were increase due to the number of construction projects, water treatment system installation services and revenue from selling products, machinery and equipment increased compared to the same period of the previous year. In addition, the Company had revenue from Healthcare Products increase from expanding into new product markets. However, revenue from CE Products decreased due to the slowdown in the industry of main customers in electronic. The gross profit was 69.96 MB increased 4.67 MB or 7.16% YoYin line with higher revenue from sales and services. Distribution costs and administrative expenses were similar compared to the same quarter of the previous year. Q1/2024, The Company’s net profit was 15.55 MB; equivalent to 5.97%, increased 2.90 MB or 22.91% YoY. Key Milestones • 2014 - Established Phol Water Co.,Ltd. to expand Water Solution Business • 2013 - Established Phol Palladium Co.,Ltd. to expand government and public utilities sector • 2010 - Registered to the Market for Alternative Investments (mai) on 9 December 2010 • 2009 - Expanded to Water Solution Business • 1978 - Started Business as Distributor for Occupational Safety, Health, and Environment Products Risk Management Policy • Risk Management Policy Risks from the Loss of Distribution Rights for Key Brands –The company develops and enhances its distribution channels to meet the needs of all target customers and maintains an image as a professional distributor for the confidence of its brands. It has also developed own brand to mitigate risk from the loss of distribution rights. • Risks from Purchasing and Stock Management Systems – Handling over 4,000 products, the company faces risks from shortages as well as excess stock. For the effective management of its entire supply chain, the company utilizes an Enterprise Resource Planning (ERP) system and Material Requirements Planning (MRP) system. Recent Awards and Recognitions • "A" level in the SET ESG Ratings 2023 • “Excellent” CG Score 2023 (for ninth consecutive years from 2015-2023) and “Excellent” CG Score for the years 2012-2013 • Placed on the 2020-2022 ESG100 for third consecutive years • Certified as a member of CAC on 14 October 2016 and Re(2)Certification on 4 July 2022 • Placed on the 2019-2021 THSI among mai companies • Board of the Year Awards 2013 and 2015 • SET AWARDS 2012 - 2013 and SET Award of Honor 2014 in Top Corporate Governance Report Revenue Structure SAFETY Products 72.58% CE Products 17.97% WATER Products 7.59% Medical & Healthcare Products 1.86% Stock Information mai / SERVICE Closing price PHOL mai index 4.00 3.00 2.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 PHOL SERVICE mai P/E (X) 9.45 111.30 109.40 P/BV (X) 1.47 2.64 2.11 Dividend yield (%) 7.72 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 550.80 538.65 603.45 Price (B/Share) 2.72 2.66 2.98 P/E (X) 9.45 10.13 10.94 P/BV (X) 1.47 1.51 1.76 CG Report: Major Shareholders as of 01/03/2024 MR. APICHART JARUTANGTRONG (10.94%) MRS. NAOWARAT WANGTHAMRONG (9.69%) MR. THANYA WANGTHAMRONG (7.48%) MISS THANTHIDA WANGTHAMRONG HELBARDT (6.76%) MR. CHAVALIT WANGTHAMRONG (6.25%) OTHERS (58.88%) Company Information and Contact http://www.pdgth.com [email protected] 0-2791-0111 1/11 Moo 3, Lumlookka Rd., Ladsawai, Lumlookka Pathum Thani 12150 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=PHOL Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 17/05/2024 77


PIMO : PIONEER MOTOR PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview The Company manufactures and sells air conditioner motors, induction motors, submersible pumps and pool & spa pump motors, as per customers orders (OEM) and under the brand Pioneer Motor, a brand of its own. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 329.34 258.76 987.26 1,241.34 Expenses 279.15 243.41 909.24 1,120.53 Net Profit (Loss) 40.31 14.82 73.58 105.27 Balance Sheet (MB) Assets 1,371.73 1,192.25 1,274.58 1,112.61 Liabilities 305.93 298.25 249.10 280.73 Shareholders' Equity 1,065.80 894.00 1,025.49 831.89 Cash Flow (MB) Operating 67.76 -10.54 65.95 31.80 Investing -47.53 -41.92 -227.01 -22.00 Financing -0.17 46.96 119.46 47.30 Financial Ratio EPS (Baht) 0.05 0.02 0.10 0.16 GP Margin (%) 19.27 13.44 15.30 15.62 NP Margin (%) 12.24 5.73 7.45 8.48 D/E Ratio (x) 0.29 0.33 0.24 0.34 ROE (%) 10.11 10.70 7.92 12.65 ROA (%) 8.80 8.43 6.54 10.86 Business Plan • Develop products for export to target the most specific groups, especially the “Big Market”. • Expand motor production base and invest in modern machinery Especially the application of the Robot Automation system to increase production efficiency. • Implemented strict COVID-19 prevention measures. Business Highlight The company developed AC motors for DC usage, making them 20%-40% more energy efficient and is currently jointly invested with the National Science and Technology Development Agency (NSTDA) in research into electrical motors for electric vehicles (EV.) a product set to grow in market demand. Performance and Analysis Business Performance Summary Key Milestones Year 2023-Motor for air conditioners (BLDC HVAC MOTOR) (in process of licensing) Year 2022-Expand motor production base and invested in machinery for more AC products (Alternating Current Motor). Year 2021-Jointly invested with the National Science and Technology Development Agency (NSTDA) into research on electrical motors for electric vehicles (EV) acquired land and structures and constructed warehouses in accommodation of expanding production, ratio of exported goods grew from 40% to 50%. Year 2020-Increased sales of BLDC motors to the US and European markets. Year 2019-2023 Invested in a solar roof for powering operations and received a promotion certificate from the BOI in support of the solar roof and new machinery. Risk Management Policy • Risks from Dependence on Major Clients : The company maintains strong relationships with its clients and fosters confidence. However, to mitigate risk, the company uses sales contracts while diversifying product lines and focusing on building its own brand so that it may distribute more products to end consumers. • Risks from Growing Competition : While most competitors focus on pricing, the company’s clients prioritize product quality, matching its policy emphasizing quality and effective production standard. This has kept the company well regarded among clients. Recent Awards and Recognitions • Pioneer Motor brand received CE certification (indicating conformity with European Union health, safety, and environmental protection standards) • Received ISO 9001:2015 Quality Management System certification • Received globally recognized Underwriters’ Laboratories Inc. (UL) product safety certification • Received Drug-Free Workplace certification • Received certificate of honor as “Enterprise Providing Opportunities for Reintegration of Former Narcotics Abusers” • Received SET Award of Honor at SET Awards 2021: Innovative Company Awards from the Thailand Listed Companies association • Green industry certification (Green Activity) • Received certificate of Membership in Thailand's Private Sector Collective Action Coalition Against Corruption (CAC) Revenue Structure Water pumps,centrifugal pump 63% Air - con motors 27% Industrial motors 9% Others 1% Stock Information mai / INDUS Closing price PIMO mai index 3.00 1.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 PIMO INDUS mai P/E (X) 15.44 22.58 109.40 P/BV (X) 1.11 1.27 2.11 Dividend yield (%) 2.67 2.28 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 1,136.45 1,098.57 1,896.90 Price (B/Share) 1.50 1.45 2.84 P/E (X) 15.44 16.30 15.92 P/BV (X) 1.11 1.09 2.32 CG Report: Major Shareholders as of 14/03/2024 น.ส. ปรางวดีอิทธิโรจนกุล (9.02%) น.ส. ชิดชนก อิทธิโรจนกุล (8.75%) น.ส. นรีรัตน์อิทธิโรจนกุล (8.65%) น.ส. สิริรัตน์อิทธิโรจนกุล (8.64%) นาย ปภัสร์อิทธิโรจนกุล (8.64%) Others (56.30%) Company Information and Contact http://www.pioneermotor.th.com [email protected] 0-3426-5111-8 78, 78/4, 78/5 Moo3 Dontoom-Nakornchaisri Rd., Donfaek, Nakornchaisri Nakorn Phathom 73120 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=PIMO Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 17/05/2024 78


PLANET : PLANET COMMUNICATIONS ASIA PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview PlanetComm’s core business is a service provider for System Integration including Network Infrastructure, Unified Communications, and Digital Broadcasting. Since 2014, the Company has expanded its core business and its line of products and services by registering its subsidiary companies and businesses as follows 1) Planet Fiber providing fiber optic high-speed internet services 2) Planet Cloud providing digital technology services 3) Planet Cyber providing cyber security service 4) Planet Utility providing water management and alternative energy 5) Planet EV providing electric vehicle technologies services 6) Planet Systems providing services for satellite telecommunication systems and all relevant telecommunication 7) EEC Global Cloud providing server, maintenance, data backup, Disaster Recovery services Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 164.33 94.73 553.24 617.49 Expenses 143.68 110.77 736.54 638.85 Net Profit (Loss) 11.99 -18.61 -207.22 -27.24 Balance Sheet (MB) Assets 1,336.75 940.84 1,283.32 944.91 Liabilities 806.12 341.13 764.36 329.60 Shareholders' Equity 529.74 599.71 517.75 615.32 Cash Flow (MB) Operating -14.98 -23.13 -52.30 -152.99 Investing -63.67 -3.25 -19.15 -83.75 Financing 105.07 24.01 49.92 93.03 Financial Ratio EPS (Baht) 0.02 -0.05 -0.43 -0.07 GP Margin (%) 14.87 24.98 20.22 23.24 NP Margin (%) 7.10 -19.64 -37.42 -4.41 D/E Ratio (x) 1.52 0.57 1.47 0.54 ROE (%) -31.28 -7.94 -36.58 -4.45 ROA (%) -13.02 -4.87 -16.59 -2.42 Business Plan PlanetComm is a full-range Digital Technology services provider for research and development, production, design, installation, training, and maintenance as well as Telecommunications, Digital, Cybersecurity, utility including water management, alternative energy, electric vehicle and data center platforms for public and private organizations in Association of South East Asian Nations (ASEAN). The Company’s objective is to generate continuous profits for sustainable business and to benefit from latest technologies into 3P as follows. 1) Planet To drive and enhance Thailand to Zero Carbon society following government’s policy 2) Production To develop for the most efficient production industry 3) People To step forward for people’s good quality of life and wellbeing Sustainable Development Plan PlanetComm gives a big concern and importance on Sustainability Development Roadmap: SD Roadmap of Office of the Securities and Exchange Commission focusing on 3 aspects including (1) CG in Substance to enhance the Company’s Board of Directors, and the management to sustainably, reliably build up good operating performance (2) CSR in Process to operate daily business operations with social and environmental responsibility (3) Anati-Corruption in Practice to seriously implement practices and cultivate anti-corruption in Thai businesses. Business Highlight Performance and Analysis Business Performance Summary Revenue Revenue from sales and services in the first quarter of 2024 was 107.95 MB, an increase 16.75 MB, 18.37% from Q1/2023. The operational revenue in Q1/2023 was 91.20 MB. The increase in revenue was from and electric vehicles business, and digital technology business. Cost of Sales and Services In Q1/2024, cost of sales and services of the Company was 91.90 MB or 85.13% of operating revenue. It increased from Q1/2023, which was 68.42 MB or 75.02% of operating revenue. The cost of sales and services increased from the expansion in the cloud services provider and data center business which is in the early stage of the business. Other Income from reversing expected credit loss In Q1/2024, the other income from reversing expected credit loss was 53.37 MB. This was from the collection of doubtful bad debt, which was the account receivable booked the expected credit loss in the year 2023. Financial Costs The financial cost in Q1/2024 was 8.32 MB or 4.80% of total revenue compared to the Q1/2023 which was 2.69 MB or 2.84% of total revenue. This was due to the increase in financial expenses from the Data Center business. Operating Results From the efficient collection process, the Company was able to collect the payment from the large debtor. This debtor was booked the expected credit loss in the year 2023. According to this major reason, the Company incurred a net profit 11.67 MB in Q1/2024 compared to Q1/2023 which there’s 18.61 MB net loss. Key Milestones Risk Management Policy The Company sets its risk management covering identifying, assessing, defining risks management plans, monitoring and managing risks to ensure efficient risk management. Risk management framework is divided into 3 risks; 1) Strategic Risk 2)Preventable Risk including risks at business level (Operation Risk, Financial Risk, Compliance Risk, Information Technology Risk, Organization Risk) 3) External Risk: The Company’s Board of Directors appointed Risk Management Committee selected from director, executive or qualified persons. The Risk Management Committee will be responsible for Identifying, analyzing and inspecting key risk factors and defining risk management strategies, Defining risk management measures , Governing and supporting risk management on corruption and anti-corruption by evaluating corruption risks and reviewing proper measures for anticorruption, Monitoring for communications on risk management throughout the Company and employee’s compliance, Organizing systematic, continuous assessment and analysis for potential risks covering all proves of business operation, Supporting and developing risk management throughout the Company and in accordance with international standards, Sending the risk management report to the Company’s Board of Directors Recent Awards and Recognitions ᆞCisco FY22 Architecture Excellence loT ᆞHuawei Outstanding Data Center Project 2022 ᆞ Zoom Certified Partner: AV Integrator in Thailand ᆞ Zoom Certified Partner: Zoom Phone Integrator in Thailand ᆞ CAC Certified ᆞL3Harris Official Distributor in Thailand Revenue Structure Revenues from goods sales 73.92% Revenues from services sales 16.33% nues from being service provider 9.75% Stock Information mai / TECH Closing price PLANET mai index 2.00 1.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 PLANET TECH mai P/E (X) - 32.19 109.40 P/BV (X) 0.70 2.71 2.11 Dividend yield (%) - 1.80 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 360.18 439.63 609.41 Price (B/Share) 0.68 0.83 1.55 P/E (X) - - 92.41 P/BV (X) 0.70 0.76 0.94 CG Report: Company Rating: Major Shareholders as of 15/03/2024 นาย PRAPAT RATHLERTKARN (12.88%) MR. TREVOR JOHN THOMPSON (12.82%) นาย SUPACHOKE YONGSTAR (7.96%) นาย ชัด เฮงสวัสดิ�(7.65%) นาย เอกรัฐ พนาวงศ์(3.82%) Others (54.87%) Company Information and Contact http://www.planetcomm.com 0-2792-2400 157 Soi Ramindra 34, Ramindra Road, Tarang, Bangkhen Bangkok 10230 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=PLANET Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 14/06/2024 79


PPS : PROJECT PLANNING SERVICE PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview PPS is one of the leading engineering professional services firm in Thailand for both private and public sectors. We continuously develops innovation for increasing our service quality. Operating business with the goal for expanding the scope of service and increasing the service criteria to cover the real estate and construction industries Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 98.80 102.21 436.63 438.84 Expenses 92.00 91.36 418.40 391.99 Net Profit (Loss) -1.77 1.49 -18.19 22.77 Balance Sheet (MB) Assets 597.92 654.57 617.61 676.85 Liabilities 290.19 325.56 306.50 345.95 Shareholders' Equity 309.88 331.44 313.39 333.69 Cash Flow (MB) Operating -3.37 -7.16 -22.92 106.60 Investing 0.88 -2.28 -3.74 -13.00 Financing -8.00 -27.41 -53.40 -8.76 Financial Ratio EPS (Baht) 0.00 0.00 -0.02 0.03 GP Margin (%) 23.74 26.50 26.30 26.18 NP Margin (%) -1.66 1.33 -4.28 4.95 D/E Ratio (x) 0.94 0.99 0.99 1.05 ROE (%) -6.69 7.80 -5.62 7.11 ROA (%) -0.50 7.84 0.13 7.13 Business Plan 1.Innovation Strategy: Add services that are Turn key Design Build for improvement, maintenance, and renovation work. For asset development, develop Virtual Tours by simulating virtual images of real estate projects on real areas. For sales and marketing benefits and continues to develop innovations for construction management To make a difference and create business value. 2.Branding Strategy: • Communicate the scope of services beyond construction control and expand services to cover the real estate and construction industries completely. 3.PPS Academy : • Add training courses and create a communication platform that reaches target groups and responds to changing consumer behavior. Sustainable Development Plan Business Highlight • Trustworthiness: For over 36 years in business, we have more than 700 projects over the region by being recognized by many leading organizations in the country. • Continuous Development: Developed a new inventive product to assist in the service Project Live 360 and launch Virtual Property to build a visual on the real site which helps create virtual space to assist in selling and marketing to the customer. • Sustainable Business: Demonstrate potential in sustainable business operations by received numerous sustainability awards from leading organizations in the country. Performance and Analysis Business Performance Summary For the first quarter results of 2024, the company had a total income of 98.80 million Baht, a decrease from the same period last year with a total income of 102.21 million Baht, an amount of 3.41 million Baht or a decrease of 3.34% and a net loss of 1.64 million Baht, a decrease from In the same period last year, there was a net profit of 1.36 million Baht, amounting to 3 million Baht. At present, the company's revenue ratio is divided into 60 percent from the private sector and 40 percent from the government sector. However, the company's operating results have slowed down slightly due to disbursement. Government and private sector activities have also slowed down. Key Milestones PPS received construction management work. Ramathibodi Hospital Building and Yothi Innovation District Project It is expected to be completed and operational by 2028. Risk Management Policy • Business Competitors: PPS has always been encountering competitors. PPS mitigates this by aggressively ensuring our value proposition and differentiation is more acute, concrete and noticeable per our business plan. • Dependence on Key Executives: PPS focuses on the transfer of lessons learnt to new generations of leaders and professionals. As such, a sustainable business growth can only be assured by coaching new generations of management executives as well as continuous training to constantly improve the skills and knowledge of staff to build a firm foundation for the company. Recent Awards and Recognitions • SET ESG or Thailand Sustainability Investment 2023 organized by SET • Highly Commended in Sustainability Awards from SET Awards 2023 • Sustainability Disclosure Recognition 2023 from Thaipat Institute Revenue Structure Commercial Project 21.82% Historical Project 21.54% Infrastructure Project 7.09% Residencial Project 3.27% Others 46.28% Stock Information mai / PROPCON Closing price PPS mai index 1.00 0.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 PPS PROPCON mai P/E (X) - - 109.40 P/BV (X) 1.29 2.56 2.11 Dividend yield (%) - 1.33 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 404.13 318.15 464.32 Price (B/Share) 0.47 0.37 0.54 P/E (X) - - 19.18 P/BV (X) 1.29 1.02 1.41 CG Report: Company Rating: Major Shareholders as of 30/04/2024 MR. PRASONG THARACHAI (14.13%) นาย THEERATHON THARACHAI (12.63%) MR. PHONGTHON THARACHAI (8.79%) บริษัท Thai NVDR Company Limited (4.38%) นาย ทักษิณ ตันติไพจิตร (2.96%) Others (57.11%) Company Information and Contact http://www.pps.co.th [email protected] 0-2718-2785-9 381/6 Soi Rama IX 58 (Soi 7 Seree 7), Rama IX Road, Suanluang Bangkok 10250 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=PPS Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 20/05/2024 80


PRI : Primo Service Solutions Public Company Limited 3M/2024 (Jan - Mar 2024) Business Overview The Company holds shares of other companies (as holding company) that provide one-stop service to real estate developers and related customers. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 416.86 395.93 1,926.08 914.91 Expenses 311.59 285.66 1,460.51 607.22 Net Profit (Loss) 80.06 87.85 365.24 240.12 Balance Sheet (MB) Assets 2,572.25 1,867.56 2,490.52 1,635.84 Liabilities 745.24 294.89 744.19 152.51 Shareholders' Equity 1,802.55 1,571.19 1,722.50 1,483.33 Cash Flow (MB) Operating -120.54 106.50 204.06 127.43 Investing 372.93 -313.68 -904.05 -8.60 Financing -2.50 0.82 -76.51 1,052.05 Financial Ratio EPS (Baht) 0.25 0.27 1.14 1.45 GP Margin (%) 36.58 32.06 30.89 43.10 NP Margin (%) 19.29 22.18 19.13 26.25 D/E Ratio (x) 0.41 0.19 0.43 0.10 ROE (%) 21.19 17.11 22.79 28.72 ROA (%) 20.80 18.32 22.65 32.37 Business Plan Sustainable Development Plan Business Highlight • Revenue 416 Million Baht, grow by 5% YoY • New High Backlog at the amount of 801 Million Baht • Customer Expansion : B2C Customer more than 200 rooms, new customers and new business " Normadic Butler" Performance and Analysis Business Performance Summary For the three-month periods ended 31 March 2023 and 2024, the total revenues of the company were Baht 395.9 million baht, and 416.9 million baht, respectively increased by 21 million baht or equivalent to 5%. Details are as follow 1. Pre-Living Services expanded in term of number of projects compared to previous year. 2. Living Services expanded due to incease in projects under PRI management both juristic persons and other real estate brokerage services. 3. Living & Earning Services reduce in revenue owing to decrease in interior design and installation services along with a decrease in cleaning services due to the decrease in number of service contracts. Key Milestones Risk Management Policy • Risk of increase in minimum wage: Most of labors in PRI have salary more than the minimum wage. Therefore, the impact of increase in minimum wage is not significant. • Risk of shortest labors and employees: PRI has signed more tan 10 MOUs with universities and colleges. These will act as a channel for PRI to find significant amount of employees and labors suporrting the growth of the company. Revenue Structure Pre-Living Services 25% Living Services 32% Living & Earning Services 43% Stock Information mai / PROPCON Closing price PRI mai index 44.00 25.50 7.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 PRI PROPCON mai P/E (X) 14.72 - 109.40 P/BV (X) 3.12 2.56 2.11 Dividend yield (%) 8.48 1.33 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 5,376.00 7,456.00 7,872.00 Price (B/Share) 16.80 23.30 24.60 P/E (X) 14.72 20.44 39.58 P/BV (X) 3.12 4.55 5.10 CG Report: Major Shareholders as of 14/03/2024 ORIGIN PROPERTY PUBLIC COMPANY LIMITED (75.00%) นาย พงศ์ศักดิ�ธรรมธัชอารี(4.84%) MR. SOMPONG CHONECADEEDUMRONGKUL (2.49%) นาย สมพงษ์ชลคดีดํารงกุล โดยบริษัทหลักทรัพย์ดาโอ (ประเทศไทย) จํากัด (มหาชน) (1.39%) นาย สุระ คณิตทวีกุล (1.03%) Others (15.25%) Company Information and Contact http://www.primo.co.th [email protected] 0-2081-0000 No. 496, Moo 9, Soi Baering 16, Tambon Sam Rong Nua, Amphoe Mueang Samut Prakan Samut Prakarn 10270 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=PRI Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 11/06/2024 81


PROEN : PROEN CORP PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview 1) Information Communication and Technology: ICT and provider of Internet Data Center, Internet Service (ISP) and Cloud service 2) Constructions for Telecommunication and Infrastructure service Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 140.32 201.56 767.57 1,548.36 Expenses 138.44 195.33 721.06 1,450.12 Net Profit (Loss) -3.24 -1.57 15.75 65.24 Balance Sheet (MB) Assets 1,802.80 1,522.96 1,801.13 1,590.38 Liabilities 1,246.84 1,052.80 1,241.83 1,118.49 Shareholders' Equity 554.28 469.59 557.52 471.17 Cash Flow (MB) Operating 20.79 -184.08 -60.88 -14.85 Investing -122.93 -107.46 -510.52 85.87 Financing -68.28 -8.91 243.37 356.37 Financial Ratio EPS (Baht) -0.01 0.00 0.05 0.21 GP Margin (%) 23.69 15.97 21.00 13.41 NP Margin (%) -2.39 -0.86 2.13 4.20 D/E Ratio (x) 2.24 2.24 2.22 2.37 ROE (%) 2.75 10.86 3.06 14.64 ROA (%) 2.30 5.06 2.71 7.36 Business Plan • The Company is constructing a new Information Center (IDC) with an area of approximately 10,000 square meters on the Company's proprietary land located at Srinakarin Road, Bangkok to expand the potential of Internet Data Center, able to support 1,000 rack, Building construction progress in November 2023 more than 93.26% and electrical system work more than 86%, expected to open within the 4th quarter of 2023 and expect to have income from this work in the 2nd quarter of 2024. • New acquisitions (Merger & Acquisition: M&A) expand the business, for increase the recurring income. Sustainable Development Plan • The Company's new Internet Data Center (IDC) office building is under construction. The company to choose Internet Data Center equipment that saves electricity. • The company has a business plan that focuses on business growth. Good corporate governance along with social and environmental responsibility. Business Highlight In Q3/2023, PROEN TeleBiz Company Limited a subsidiary which the Company holds 99.99% of its shares, signing of contract to improve electrical system to underground cable for Electrical work projects with the Provincial Electricity Authority and civil works with Mae Sot Municipality, Contract value 179 million baht, project delivery scheduled within 360 days, tart earning income from this work in the 4th quarter of 2023 and in 2024. Performance and Analysis Business Performance Summary On November 9, 2023, The Board of Directors' Meeting of PROEN has invested in establishing a new subsidiary WESTINGHOUSE Company Limited with a stake of 99.993%, Principally engages in Main business is renting, buying and selling machinery. and other equipment of all kinds. In the middle of 2023, the company has invested in establishing a new subsidiary JUMPBOX Company Limited with a stake of 51%, Principally engages in providing service about training, teaching, consulting, and giving advice on teaching and learning about computers and technology, there are more than 40 participants who are interested and pass the exam, and more than 30 people apply for Cloud Camp to become professionals in the first round. Key Milestones Year 2023 • The company has invested in establishing a new subsidiary WESTINGHOUSE Company Limited • PROEN-W1 2nd exercise on June 30, 2023 amount 29,370,350 units, Total 2 times, representing 19.21% of all issued PROENW1. • The Company enter into the transaction to purchase the newly issued ordinary shares of Gateway Service Company Limited (“GW”), totaling 1,172,840 shares , representing 19.00% • New Information Data Center construction, at Srinakarin Road,building construction progress in November 2023 more than 93.26% Risk Management Policy The Company has set the policy to distribute income from the ICT service business, the infrastructure business according to construction contracts, and new investment businesses by distributing the income proportion into 4 parts, income from sales, services, projects, and new s-curve businesses in the proportion of 30:30:30:10 to reduce the risk from irregular income in relying on income from any one group and study investment in new businesses that provides returns in the form of regular income to strengthen the income structure of the Company that is sustainable in the future and expand its income from the new income base, which will enable the Company to achieve long-term sustainable growth, such as investing in new subsidiaries. Recent Awards and Recognitions Year 2023 The company has passed TIER III certified from the Uptime Institute. Best Performance Partner PowerEdge Server - Value 2023 from Dell Dell Technologies. Year 2022 The company cloud certified from CSA-STAR Level 1 : Certification Security and privacy in the service of PROEN Any Cloud and SEA Cloud Year 2020 Intelligent Computing Outstanding Award 2020 by HUAWEI Revenue Structure Revenues from sales of goods 25.46% Revenues from services 51.38% Revenues from construction 22.69% Others 0.47% Stock Information mai / TECH Closing price PROEN mai index 8.00 4.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 PROEN TECH mai P/E (X) 44.41 32.19 109.40 P/BV (X) 1.25 2.71 2.11 Dividend yield (%) - 1.80 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 699.56 1,101.29 1,832.80 Price (B/Share) 2.02 3.18 5.80 P/E (X) 44.41 55.32 29.10 P/BV (X) 1.25 2.01 4.01 CG Report: Company Rating: AGM Checklist 2023 = 98 Major Shareholders as of 12/03/2024 บริษัท เวลธ์วอเตอร์เฮ้าส์จํากัด (27.48%) นาย กิตติพันธ์ศรีบัวเอ�ียม (15.34%) บริษัท Thai NVDR Company Limited (4.33%) MRS. MANOTHIP JAKAWALTHAM (2.43%) นาย สง่า กังวาล (2.29%) Others (48.13%) Company Information and Contact https://www.proen.co.th/ [email protected] 0-2690-3888, 0-2639-7888 72 NT Bangrak Building 4th, 18th Fl., Charoen Krung Road, Bangrak, Bangrak Bangkok 10500 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=PROEN Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 22/05/2024 82


PSG : PSG CORPORATION PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview PSG Corporation Public Company Limited (“PSGC”) operates construction services for projects on a Lump Sum Turnkey basis. The Company has extensive experience in construction works for large-scale projects (roads, infrastructure, and other) mechanical and electrical engineering (M&E) works. At the end of 2021, The Company underwent a restructuring, resulting in a change of major shareholders and executives. Currently, the Company has expanded its business internationally and has been generating continuous revenue from this expansion since Q2-2022. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 1,376.01 337.67 2,750.75 1,050.30 Expenses 510.95 150.55 1,080.55 459.60 Net Profit (Loss) 781.52 141.79 1,316.42 540.46 Balance Sheet (MB) Assets 4,698.43 2,279.23 3,933.35 1,947.88 Liabilities 848.68 400.80 876.35 209.72 Shareholders' Equity 3,849.75 1,878.43 3,057.01 1,738.16 Cash Flow (MB) Operating 550.98 1.30 768.49 -407.45 Investing -0.14 -26.32 -28.52 -27.60 Financing -4.49 -16.20 -30.25 -14.80 Financial Ratio EPS (Baht) 0.01 0.00 0.02 0.01 GP Margin (%) 65.77 67.42 68.45 67.31 NP Margin (%) 56.80 41.99 47.86 51.46 D/E Ratio (x) 0.22 0.21 0.29 0.12 ROE (%) 68.30 45.84 54.91 36.78 ROA (%) 70.50 42.80 56.43 34.76 Business Plan There are three phases of the strategic expansion plan 1. Short-term, continuation of the current construction contracting business, which PSGC has expertise in. 2. Medium-term, using our expertise in engineering services and operational excellence to obtain larger construction contracts and diversification into other industries through M&A and partnerships. 3. Long-term, expand further on M&A and partnerships in other businesses with an emphasis on moving towards the renewable energy industry. Construction contracting business At present, construction contracting is the Company’s primary business. The Company plans to expand its operations both domestically and internationally. Currently, the Company has backlog valued at over Baht 8,000 million from two projects. For the domestic market, the Company continues to participate in project bidding, carefully considering the project's value and its potential returns. New businesses The Company is exploring new business opportunities to diversify its revenue sources and stimulate growth. We anticipate that significant developments in the Company's new ventures will become more evident within the next 1-3 years. Sustainable Development Plan The Company has been committed to operating its business in accordance with good corporate governance principles, aiming to create shared value with all stakeholders. The Company has assessed its operational potential and capabilities, along with those of its subsidiaries, to jointly support the United Nations' SDGs, focusing on 7 out of the 17 goals. One Report 2023 Business Highlight - In Q1-2024, the Group's total revenues amounted to Baht 1,489.4 million and net profit of Baht 781.5 million. As a result, the Group's retained earnings have grown to Baht 1,081 million. - The majority of the Company’s revenue came from its construction business, in which the current backlog stands at approximately Baht 8,000 million. Performance and Analysis Business Performance Summary Consolidated financial statements in Q1-2024. 1) Total revenues of Baht 1,489.4 million, comprised revenue from international construction projects of Baht 1,371.3 million, other income of Baht 4.7 million, and exchange gains of Baht 113.4 million 2) Total expenses of Baht 510.9 million comprised of 2.1 Cost of construction amounted to Baht 469.4 million, representing 91.9% of total expenses, which is in line with the progress of works and increased construction revenue. 2.2 Administrative expenses of Baht 41.5 million, representing 8.1% of total expenses. 3) Net Profit: The Group generated a net profit of Baht 781.5 million, representing a 451% increase from the same period last year. Key Milestones • In April 2022, the Company began recognizing revenue from the XPPL project, valued at USD 239.9 million. Revenue recognition will continue until 2025 according to the project's completion schedule. • In June 2022, the Company signed an MOU with the Government of Lao PDR to conduct a feasibility study for developing pumped storage hydropower plants (PSH) across 214 potential sites in 8 watersheds across Lao PDR. The Company will assess both technical and commercial aspects for further project development. • In August 2022, the SET removed the "C" (Caution) sign from the Company's securities following the successful implementation of corrective action plans, resulting in shareholders' equity exceeding 50% of registered and paid-up capital. • In October 2022, the Company and Keppel Energy Pte Ltd signed an MOU to conduct a feasibility study for exporting electricity generated from renewable sources in Lao PDR to Singapore. • In June 2023, the Company began recognizing revenue from the resettlement works in Chomphet City, Lao PDR valued at Baht 5,000 million. The income will be gradually recognized until project completion in 2027 according to the plan. • In December 2023, the Company and China Southern Power Grid Yunnan International Co., Ltd. signed an MOU for studying and developing pumped storage hydroelectric power and other renewable energy projects in the Lao PDR for domestic use and exporting to neighboring countries. Risk Management Policy The Company obtained certification through the Risk Management and Internal Control Development training program organized by TLCA. For additional details, please refer to the One Report 2023 Recent Awards and Recognitions Certified ISO 9001: 2015 from MASCI since 2019. Revenue Structure Revenue from construction 92.1% Other income 0.3% Exchange gains 7.6% Stock Information mai / PROPCON Closing price PSG mai index 2.00 1.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 PSG PROPCON mai P/E (X) 32.58 - 109.40 P/BV (X) 14.03 2.56 2.11 Dividend yield (%) - 1.33 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 42,895.01 43,544.93 84,490.17 Price (B/Share) 0.66 0.67 1.30 P/E (X) 32.58 71.34 176.61 P/BV (X) 14.03 18.87 49.87 CG Report: Company Rating: Major Shareholders as of 12/03/2024 MRS. PANICHA DAU (40.00%) BANK JULIUS BAER & CO. LTD, HONGKONG (38.92%) บริษัท Thai NVDR Company Limited (5.61%) MR. ADISORN J.JITCHAROENCHAI (1.52%) MISS CHANIDA SAE-TANG (1.20%) Others (12.75%) Company Information and Contact http://www.psgcorp.co.th [email protected] 0-2018-7190-8 11/1 AIA Sathorn Tower, 21st Floor, South Sathorn Road, Yannawa, Sathorn Bangkok 10120 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=PSG Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 13/06/2024 83


PTC : PREMIER TANK CORPORATION PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview The Company operates as oil terminals for loading, storage, blending and dispensing of petroleum-based oil. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 46.76 183.64 198.83 Expenses 22.84 90.33 93.85 Net Profit (Loss) 19.25 75.10 83.72 Balance Sheet (MB) Assets 883.40 905.38 862.78 Liabilities 20.92 20.67 18.96 Shareholders' Equity 862.48 884.71 843.83 Cash Flow (MB) Operating 29.46 98.13 117.17 Investing 0.22 3.33 -21.80 Financing -0.15 -34.72 175.10 Financial Ratio EPS (Baht) 0.05 0.18 0.21 GP Margin (%) 68.65 67.82 69.94 NP Margin (%) 41.17 40.90 42.11 D/E Ratio (x) 0.02 0.02 0.02 ROE (%) 9.26 8.69 13.12 ROA (%) 11.11 10.55 14.33 Business Plan • Efficiency increases for loading and unloading gasoline by variety terminal transfer and various numbers of gas stations to be serviced. • Develop energy infrastructure and utilities so that all areas have equal access opportunities. • Initiate new business related to our vision and mission which shall diversify sources of revenues and decrease risk from either one of business. Sustainable Development Plan The company is committed to conducting business based on good corporate governance and drives the business to grow and develop sustainably with an emphasis on environmental, social and economic responsibilities. To create a balanced value for stakeholders by incorporating sustainability management practices into business operations. The important points are as follows: 1. Conduct business with transparency, fairness and not against the law according to the principles of good corporate governance 2. Empowering the organization by focusing on human resource development, fostering business cooperation, seeking investment opportunities, and expanding businesses. There is a comprehensive sustainability assessment for new businesses. Including developing potential for partners as well as the value chain of the organization to strengthen and create continuous growth for the company. 3. Conduct business with social responsibility respect differences and apply human rights principles as the basis for business operations that focus on creating shared values for sustainable and happy growth. Business Highlight PTC is the first "Independent oil Terminal" in the stock market. The most modern in the Northeast of Thailand, providing services for loading, storage and distributing oil fuel, diesel and benzene, by providing services at the Khon Kaen Terminal and for the Sisaket Terminal, there will be an additional service, which is a base fuel blending service according to the fuel formula as required by the customer. As a result, PTC is a service provider that plays an important role in distributing fuel to gas stations covering the entire northeastern region both in the upper and lower parts of the Northeast. Our strengths are consistency revenue, high profit margin, and solid financial status for future expansion or investment. Performance and Analysis Business Performance Summary In the first quarter of 2024, the Company’s Net profit is accounted for Baht 14.37 million which decreased for Baht 4.88 million or 25.35% are mainly from : • The decline in revenue of 6.77 million baht was due to the contraction in oil supply volumes in line with the Northeast economy, resulting in lower demand for oil in the transportation sector and the impact from the government that specifies that all three types of diesel fuel have the same quality and retail price for all products, reducing the advantage of the Sisaket Oil depot. • Increase in other administrative expenses which does not occur annually from the loss from the write-off of some damaged concrete patio floors of 1.33 million baht. However, to compensate for the decrease in income and reduce the risk of investing money in other assets, the company puts some cash in short-term fixed deposits with commercial banks to receive returns higher than savings interest rates. As a result, financial income (interest income) increased by 1.47 million baht or 263.25% compared to the same period last year. Financial status The Company has Current Ratio of 25.05 times and D/E of 0.02 times Key Milestones 2024 : Establishment of subsidiaries to produce,procure, and sell tapwater filtration systems for household consumption with registered and paid-up capital of Baht 10 million. 2022 : Initial Public Offering on February 15th 2022 2019 : Second oil terminal started for operation in Sisaket 2015 : Capacity expansion for loading and unloading in Khon-Kaen oil terminal 2014 : First oil terminal started for operation in Khon-Kaen 2013 : Company’s registration on 16th January with registered and paid-up capital of Baht 100.00 million Risk Management Policy Risk Management Risk from reliable on major customers : The Company manages this risk by controlling service quality, maintaining good relationship with existing customers, and seeking for new customers. Risk from accident in terminal : The Company has purchased insurances to minimize this risk for (1) Insurance for business and liabilities from operation of controlled business type 3 regarding to law of gasoline control in terminal operation and (2) Insurance for assets such as building, furniture, computer system, communication system, gasoline inventory, and spare parts inventory. The Company’s insurance has covered all potential damage and renew insurance every year. Recent Awards and Recognitions 2019 : Quality Management System (ISO 9001:2015) : Occupational Health and Safety Management Systems (ISO 45001:2018) : Environmental Management System (ISO 14001:2015) Revenue Structure Stock Information mai / RESOURC Closing price PTC mai index 3.00 2.00 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 PTC RESOURC mai P/E (X) 10.86 - 109.40 P/BV (X) 0.92 0.80 2.11 Dividend yield (%) 3.77 1.87 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 815.90 943.00 1,098.80 Price (B/Share) 1.99 2.30 2.68 P/E (X) 10.86 12.22 12.63 P/BV (X) 0.92 1.09 1.34 CG Report: Company Rating: Major Shareholders as of 14/03/2024 บริษัท PRIME GAIN HOLDING CO., LTD (25.61%) MR. TAVEEWAT BURAPAPATTANAPONG (13.17%) บริษัท C4 CORPORATION COMPANY LIMITED (3.78%) Growider Capital Company Limited (3.66%) MRS. SUDA-ORN BURAPAPATTANAPONG (2.93%) Others (50.85%) Company Information and Contact http://www.premiertankcorp.com 0-2318-4013 No. 2034/69 Italthai Tower, 15th Floor, New Petchburi Road, Bangkapi, Huai Khwang Bangkok 10310 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=PTC Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 13/05/2024 84


QTCG : QTCG PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview QTCG Public Company Limited (“QTCG” or “the Company”) provides Electrical & Mechanical System installment including Electrical & Communication System, Air conditioning & Ventilation System, Sanitary & Plumbing System, and Fire Protection System. Our services cover construction planning, supervising installation , and procurement of materials and equipment with the determination to provide high-quality services, take the great care to our clients, pay close attention to each project, respond to clients’ needs as well as hand over standardized and high-quality works within the specified period. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 151.97 225.92 755.36 963.93 Expenses 147.46 220.90 717.35 868.47 Net Profit (Loss) 1.95 2.56 22.02 101.35 Balance Sheet (MB) Assets 838.47 916.90 825.43 781.27 Liabilities 538.63 641.57 527.59 630.32 Shareholders' Equity 298.79 274.30 296.80 149.92 Cash Flow (MB) Operating 43.22 -41.74 -106.52 8.81 Investing 0.60 -1.26 -7.83 -5.34 Financing -48.17 142.85 58.36 25.07 Financial Ratio EPS (Baht) 0.00 0.01 0.05 0.35 GP Margin (%) 16.04 8.44 14.03 11.15 NP Margin (%) 1.28 1.13 2.92 10.51 D/E Ratio (x) 1.80 2.33 1.77 4.18 ROE (%) 7.47 66.39 9.86 109.48 ROA (%) 4.36 15.62 4.80 20.21 Business Plan The company puts priority on environmental, social, and governance (ESG) and adopt “QTCG STAND FOR EARTH” policy with social and environmental awareness as well as good governance. The company expands the capabilities of conducting business to cover all possible dimensions and every industrial sector in order to seize every business opportunity and achieve organization and personnel development goals. Our executives and personnel are fully aware of and respond to the global changes, opportunities and trends based on the highest benefits for every interested parties. Sustainable Development Plan The company imposes a corporate governance policy with the main objective of being the leader in the M&E engineering industry. We aim to grow sustainably and embrace social, environmental and governance considerations for the highest benefit of all stakeholders, namely QTCG staff, investors, shareholders, clients, business partners, and community groups. The Sustainable Management Policy has been reviewed yearly. Recent Awards and Recognitions 2019: “Outstanding Organization of the Year 2019” Award for M&E One Stop Service from Thai Social Foundation Business Highlight QTCG has been running the business for 23 years with experience and potential to provide M&E one stop service as well as specializing in building service engineering in every industry. The company commits to provide high-quality services with acceptable engineering principles and focus on time and cost management. With ISO9001:2015 certification, it is confirmed that the quality and management of the company’s services are globally accepted. Furthermore, the company aims to develop engineering services in response to the concept of energy conservation and environmental sustainability to maximize benefit for clients, society, and environment. Within 2024, the company plans to obtain ISO14001 certification which is the established international standard for Environmental Management Systems. We also operate an asset management subsidiary which is our Hidden Gem. Performance and Analysis Business Performance Summary For three-months period ended 31 March 2024, the Group had revenue from construction amounting to 151.39 mb, a decrease of 72.82 mb from the same quarter last year, or a decrease rate of 32.48%. Due to many projects that have already completed construction in 2023, and 2 large new projects for which the Company won the bidding at the end of 2023; CIB International School and Shush Ratchathewi projects are still in the early stages of construction. The group had construction costs of 127.10 mb, accounting for 83.96% of revenue from construction. The ratio decreased from the same quarter of last year which had a construction cost ratio of 91.56%. The Group has a lower construction cost ratio because the majority of construction service costs in the 1st quarter of 2024 come from new projects that began construction at the end of 2023. Such projects have higher gross profit margins than projects under construction in Q1'2023. In addition, there are additional work that continues from the original contract, thus allowing the Group to effectively manage costs by using existing resources such as human resources, construction labor, and inventory management that can operate continuously immediately, which is more economical than starting a new project that takes a long time to prepare that will spend more operating costs. Construction costs mainly consist of material costs, subcontractor costs, salaries and employee expenses and overhead costs. The group had a net profit of 1.95 mb, representing a net profit margin of 1.28% of total revenue which decreased by 24.01% compared to the same period of the previous year with a net profit of 2.57 mb. Key Milestones 2001: Registered to establish QTC Engineering Co., Ltd. 2004: Certified ISO 9001:2015 certificate 2018: Registered to establish Suvarnabhumi Asset Management Co., Ltd. (SAMC) 2019: SAMC received permission from the Bank of Thailand to operate the asset management company under Emergency Decree on Asset Management Company B.E. 2541 (1998) 2023: Transformed to Public Limited Company by the name of QTCG Public Company Limited 2024: Listed in The Market for Alternative Investment (mai) Risk Management Policy The company aware of risk management since it is the fundamental to business management. We proactively manage our business risks by applying the process including risk identification, risk assessment, and risk control in every aspects. Risk Management Committee laid the fundamental of risk management by adopting the enterprise risk management (ERM) framework published by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and applying Enterprise Risk Management 2017 (ERM 2017) Revenue Structure Income from M&E construction 99.61% Others 0.39% Stock Information mai / PROPCON Closing price QTCG mai index 0.00 0.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 31/03/24 QTCG PROPCON mai P/E (X) N/A - 109.40 P/BV (X) N/A 2.56 2.11 Dividend yield (%) N/A 1.33 1.80 31/03/24 - - Market Cap (MB) N/A N/A N/A Price (B/Share) N/A N/A N/A P/E (X) N/A N/A N/A P/BV (X) N/A N/A N/A CG Report: - Major Shareholders as of 01/04/2024 Mr. Thitiwat Ngurnnumchokethanarat (35.00%) Mrs. Nareerat Ngurnnumchokethanarat (21.00%) Mr. Yodsawee Wattanateerakitja (7.00%) Mrs. Jaruwan Kuptamathee (3.50%) Mr. Wadee Chantapatchanee (3.50%) Others (30.00%) Company Information and Contact http://www.qtcg.co.th [email protected] 02-917-5888 Soi Ramkhamhang 187 Yaek 2, Minburi Bangkok 10510 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=QTCG Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 14/06/2024 85


RP : RAJA FERRY PORT PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview The company (RP) provides ferry services to Koh Samui, Koh Phangan and Koh Phaluai, serving 3 main routes: Donsak-Koh Samui-Donsak, Donsak-Koh Phangan-Donsak and Donsak-Koh Phaluai-Donsak. RP Transportation Company Limited (a subsidiary) provides passenger transportation services to connect travel between ferries and buses to various points such as Surat Thani District, Surat Thani International Airport, etc. and also, providing pick-up and delivery parcel services to the island with an increase in the number of transportation trips. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 145.88 165.67 565.32 534.19 Expenses 147.01 165.52 637.09 613.09 Net Profit (Loss) -12.07 -6.00 -89.06 -74.90 Balance Sheet (MB) Assets 1,194.99 1,206.05 1,206.14 1,171.47 Liabilities 662.89 578.82 661.96 538.24 Shareholders' Equity 532.11 627.24 544.17 633.24 Cash Flow (MB) Operating 20.65 42.86 53.58 32.29 Investing -12.71 -34.43 -124.36 -99.64 Financing -2.28 12.36 52.55 25.56 Financial Ratio EPS (Baht) -0.06 -0.03 -0.44 -0.37 GP Margin (%) 15.58 12.63 7.32 -1.04 NP Margin (%) -8.27 -3.62 -15.75 -14.02 D/E Ratio (x) 1.25 0.92 1.22 0.85 ROE (%) -16.41 -7.39 -15.13 -11.17 ROA (%) -6.08 -4.24 -6.04 -6.67 Business Plan RP’s Target - Find alternative channels to do business in the Koh Phaluai area in order to increase revenue to the company - Expand the transportation business to cover all SuratThani province area and nearby provinces. - Joint venture with business partners to increase logistic and parcel business service of the subsidiary company. Sustainable Development Plan Business Highlight The company started operating a new route: Donsak-Koh PhaluaiDonsak, Surat Thani Province and find alternative channel to generate income within Koh Phaluai area. Performance and Analysis Business Performance Summary The company has total revenue in Q1/2024 of 146 million Baht, decreased from the same quarter of Year 2023 by 11.95%. Revenue decreased due to some ferries were moored for preventive maintenance and dry docking as per interval due date , so the number of ferries was insufficient during the beginning of 2nd quarter of Year 2023. In addition, the global economy is slowing down due to the war between Russia and Ukraine and between Israel and Palestine that have been constantly fighting. Key Milestones Opening a new route to Koh Phaluai by M.V. RPX1 purchased from China from 2023, initially operating 1 trip per day. Risk Management Policy 1. Risk form accidents during services due to climate conditions, error from ship personnel and hull standard. The company regularly monitors climate reports from the Meteorological Department in order to manage the ship as safely as possible and have well prepared a complete of life jackets according to safety regulations and provides insurance for passengers and ship crews. 2. Risk form the tourism industry in Thailand. It is external factor that is difficult to control. Therefore, the company manages customer satisfaction. And the main income is from large retail customers and transport operators among Donsak to various Islands. 3. The risk of relying on specialized personnel such as Captian, Chief Engineer which must be qualified by law. The company has promoted employee training, and direct contact with the institute for producing personnel with special expertise. 4. Risk from fuel oil price. Fuel oil price is the main cost of business and adjusting the fare price is set and adjusted according to the cost of diesel fuel. The company therefore adjusted the formula of the marine oil with the mixing ratio between diesel and fuel oil. Recent Awards and Recognitions Revenue Structure Revenue from Ferry Service 89.07% Others 10.93% Stock Information mai / SERVICE Closing price RP mai index 3.00 1.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 RP SERVICE mai P/E (X) - 111.30 109.40 P/BV (X) 0.55 2.64 2.11 Dividend yield (%) - 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 299.21 299.21 453.83 Price (B/Share) 1.49 1.49 2.26 P/E (X) - - - P/BV (X) 0.55 0.54 0.71 CG Report: - Company Rating: Major Shareholders as of 13/03/2024 บริษัท แกรนด์เฉวงบีช จํากัด (27.50%) นาย อภิชาติชโยภาส (9.71%) นาง อภิญญา ลอยชูศักดิ�(9.71%) นาย อภิชัย ชโยภาส (6.33%) นาย อภิชนม์ชโยภาส (2.75%) Others (44.00%) Company Information and Contact http://www.rajaferryport.com [email protected] 0-7737-2800-2, 0-2277-4488 25/1, Village No. 8, Mittraphap Road, Don Sak Sub-district, Don Sak District Surat Thani 84220 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=RP Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 24/05/2024 86


SAAM : SAAM DEVELOPMENT PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Going forward, the Company categorizes its scope of business as follows: Business Unit 1 Renewable Energy Project Development 1.1Project site procurement and rendering of related services within renewable energy projects 1.2Renewable energy project development for sale 1.3Renewable energy project development in accordance with client's requirements Business Unit 2 Investment 2.1Renewable energy project investment 2.2Investment in energy-related business 2.3Investment in non-energy-related business Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 18.91 18.79 118.36 125.99 Expenses 11.26 9.75 44.40 47.34 Net Profit (Loss) 4.07 6.87 61.55 72.28 Balance Sheet (MB) Assets 510.44 478.75 505.26 511.90 Liabilities 92.91 104.06 92.86 143.30 Shareholders' Equity 417.53 374.68 412.40 368.60 Cash Flow (MB) Operating 7.74 -26.78 -0.33 29.52 Investing -1.97 44.17 37.01 46.02 Financing -4.48 -4.24 -31.61 -30.62 Financial Ratio EPS (Baht) 0.01 0.02 0.21 0.24 GP Margin (%) 72.61 73.58 81.26 73.36 NP Margin (%) 21.51 36.58 52.01 57.37 D/E Ratio (x) 0.22 0.28 0.23 0.39 ROE (%) 14.83 6.39 15.76 21.44 ROA (%) 14.13 6.33 13.99 16.80 Business Plan Vision SAAM Development Public Company Limited ("the Company") or ("SAAM") is dedicated to the continuous development of a sustainable business model, driven by a workforce of exceptional quality. the Company's focus is on fortifying organizational value to ensure enduring growth, underpinned by contemporary technological data analytics to remain agile in response to current trends and opportunities. the Company is committed to principled, transparent, and socially responsible management practices. Mission The Company's mission is to lead in the development of renewable energy projects, both domestically and internationally, while also engaging in investing in businesses related to Energy and NonEnergy sectors. the Company prioritizes environmental stewardship and strives for consistently strong and stable returns while adhering to principles of ethical governance, to maximize longterm benefits for all stakeholders. Business Highlight https://saam.co.th/about/vision/ Performance and Analysis Business Performance Summary Revenue Total revenues from operation of SAAM Group consist of (1) Sales income from the sale of electricity from its own solar power project operated by its direct subsidiary, and (2) Service and rental income from project site procurement and provision of related services within solar power projects which SAAM Group provides to client who operates 17 solar power projects in Thailand In Quarter 1 of 2024, total revenues amounting to THB 18.91 million, a THB 0.12 million or 0.64% increase from the previous year (in Quarter 1 of 2023: THB 18.79 million) mainly due to the subsidiary’s revenue from sale of electricity recognition, while as a slightly change in other income, which mainly comprised of interest income and consultation income, not related to business operations. Net profit In Quarter 1 of 2024, SAAM Group’s net profit amounting to THB 4.07 million, a THB 2.80 million or 40.82% decrease from the same period of the previous year (in Quarter 1 of 2023: THB 6.87 million), mainly due to the increase in administrative expenses as described above. Key Milestones The Company or SAAM is founded in 2007 with the initial intention to engage in project site procurement and rendering of services in relation to photovoltaic (PV) power plants (Solar Farm). The Company then later expanded its scope of operations to include the investment in a solar project, and development of renewable energy projects overseas. In 2022, the Company expanded its business to ‘investment in nonenergy related business’ by investing in Game Development Company, As well as co-developing games with other partners. Risk Management Policy •Risk that the Group’s land lease may be rescinded by the owner of the deed prior to its expiration, and that leases are not extended once they expire. •Lower-than-expected electricity generation output •Physical risks from natural disasters or uncontrollable events •Risks from changing government policies or those of relevant agencies •Risks of insufficient compliance with relevant laws and regulations •Competitiveness in the renewable energy generation and sales business •Uncertainty surrounding the success of overseas renewable energy generation projects, and risks that developed projects may not deliver returns as expected. •Risks that overseas renewable energy generation projects for clients do not adhere to plans •Lack of continuity in revenue from the renewable energy project development business. •Risks of customers having bargaining power over the renewable energy project development business. •Risks regarding fundraising for investments in the renewable energy project development business. •Risks surrounding site procurement to develop future renewable energy generation projects. •Risk of majority shareholder control over minority shareholders at shareholder meetings. •Risks that legal proceedings could impact the value of assets embedded in the budget for the SAAM-SP2 projects. Revenue Structure Sales income 25.03% Service and rental income 71.06% Net gain on exchange rate 3.06% Others 0.85% Stock Information mai / RESOURC Closing price SAAM mai index 9.00 7.50 6.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SAAM RESOURC mai P/E (X) 39.97 - 109.40 P/BV (X) 5.97 0.80 2.11 Dividend yield (%) 0.73 1.87 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 2,460.05 2,325.05 2,085.00 Price (B/Share) 8.20 7.75 6.95 P/E (X) 39.97 103.16 29.28 P/BV (X) 5.97 6.00 5.52 CG Report: Major Shareholders as of 29/03/2024 Mr. Podduang Kongkamee (35.10%) Ms. Krittiya Honghiran (34.40%) Mr. Soros Kongkamee (3.96%) Mr. Tanat Juwiwat (3.39%) Mrs. Nitima Lhaokamnerd (1.13%) Others (22.02%) Company Information and Contact http://www.saam.co.th [email protected] 0-2096-1936-7 Ext. 105 141 Major Tower Thonglor 10th Floor, Room no. 2.2 Soi Sukhumvit 63 (Ekamai), Sukhumvit Road, Klongton Nua, Wattana Bangkok 10110 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SAAM Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 15/05/2024 87


SALEE : SALEE INDUSTRY PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview The Company is a manufacturer of plastic components by vacuum forming and injection molding. Its subsidiaries are self - adhesive label producer and plastic products manufacturer. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 351.08 364.83 1,302.51 1,599.92 Expenses 336.68 354.43 1,278.86 1,468.73 Net Profit (Loss) 4.10 5.80 16.65 114.46 Balance Sheet (MB) Assets 1,807.22 1,987.90 1,783.52 1,969.86 Liabilities 245.81 331.83 230.65 317.34 Shareholders' Equity 1,215.20 1,312.94 1,213.33 1,305.22 Cash Flow (MB) Operating -0.40 -34.86 78.79 278.58 Investing 3.04 -96.59 -89.46 -59.08 Financing -2.67 35.70 -112.22 -115.37 Financial Ratio EPS (Baht) 0.00 0.00 0.01 0.08 GP Margin (%) 23.02 20.58 19.96 23.53 NP Margin (%) 3.07 0.45 0.63 6.02 D/E Ratio (x) 0.16 0.20 0.15 0.19 ROE (%) 1.18 8.25 1.32 9.04 ROA (%) 1.46 6.11 1.26 6.71 Business Plan There is a plan to expand investment in related businesses, including investment in new machines to increase production efficiency. Sustainable Development Plan Have the conecpt of sustainable development to help organizations increase work efficiency and build the ability to develop innovation. To support strong business growth, the Company determines policies and communication plans for employees in all departments to be ready for work. Business Highlight There is a group of customers with potential growth, enabling the business to expand with them. The Company produces high quality products for both plastic parts and/or procucts and self-adhesive labels. Performance and Analysis Business Performance Summary The consolidated revenue of the Group for 1st quater of 2024 amounted to 351 million baht, which decreased from 365 million baht in the same period last year, and had a net profit of 4.10 million baht or decreased of 29% compared to a net profit of 5.80 million baht in the same period last year, due to a 5% drop in sales of the Group, especially in the production of plastic parts, because customers in the export production group have decreased orders. The subsidiary's business had a better trend as purchasing power in domestic improved. Key Milestones • Expands customer base to the Eastern region (ECC) and Government Agency. • Growing with customers who are large multinational companies especially companies from China. Risk Management Policy 1. Depend on few large customers. The Company tries to expand customer base to reduce dependency on such large few customers. 2. More increasingly competitive in businesses and technology changes in some industry such as Automotive Industry. The Company has increased the proportion of plastic products for the electrical appliances and household products industry. 3. The risk of relying on key personnel by preparing and developing personnel to have expertise to be able to work in replacement for important positions. Recent Awards and Recognitions Revenue Structure Self-adhesive Label 46% Plastic Products (Household) 32% Plastic Parts (Industry) 22% Stock Information mai / INDUS Closing price SALEE mai index 2.00 1.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SALEE INDUS mai P/E (X) 67.58 22.58 109.40 P/BV (X) 0.93 1.27 2.11 Dividend yield (%) 4.73 2.28 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 1,125.16 1,231.59 1,733.35 Price (B/Share) 0.74 0.81 1.14 P/E (X) 67.58 25.41 24.46 P/BV (X) 0.93 1.01 1.35 CG Report: Company Rating: Major Shareholders as of 13/03/2024 VIV INTERCHEM CO.,LTD. (25.15%) MRS. PATTARIN MONGKOLRAT (5.10%) MR. SATHIT TATAWATORN (4.42%) MR. PHAIBUL TANGTRONGSAKDI (4.16%) MR. SUSITAK ACHARIYASOMBAT (2.93%) Others (58.24%) Company Information and Contact http://www.saleeind.com [email protected] 0-2529-5968-99 18 MOO 10 TAMBOL KLONG SI, AMPHUR KLONG LUANG, PATHUMTHANI 12120 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SALEE Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 04/06/2024 88


SANKO : SANKO DIECASTING (THAILAND) PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Operates the business of manufacturing parts made from Aluminium and Zinc according to customers' specification by using High-Pressure Diecasting method or "HPDC" and Gravity. The Company also provides service of designing mould and then subcontract mould manufacturing companies to manufacture mould to be used in production of such parts by customers' specification. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 227.73 205.89 769.57 717.66 Expenses 199.17 185.18 699.48 689.10 Net Profit (Loss) 22.17 16.90 54.62 21.80 Balance Sheet (MB) Assets 536.44 516.92 541.99 513.67 Liabilities 257.89 291.61 285.61 305.25 Shareholders' Equity 278.56 225.32 256.38 208.42 Cash Flow (MB) Operating 32.46 16.11 90.44 80.12 Investing -3.85 -1.43 -12.48 -39.90 Financing -28.96 -11.04 -54.52 -44.09 Financial Ratio EPS (Baht) 0.07 0.05 0.17 0.07 GP Margin (%) 20.56 18.92 18.40 13.47 NP Margin (%) 9.74 8.21 7.10 3.04 D/E Ratio (x) 0.93 1.29 1.11 1.46 ROE (%) 23.77 17.42 23.50 11.03 ROA (%) 14.80 8.91 13.28 5.63 Business Plan -Apply technology and innovation to be utilized in production line in order to increase the efficiency of production line to be up dat -The supervision of cost to enable the competitions domestic and international -As of year 2024, we do not have any additional investment. Because of the economy is currently fluctuating so the company use careful management methods regarding investments. Sustainable Development Plan Continuous development in all areas and using various strategies to improve the Company’s performance. Business Highlight To become the experts in all metal diecasting, resulting in different kinds of products. The Company can provide a variety of molds to match the demands of the customers completely. Performance and Analysis Business Performance Summary In the 1st quarter ended March 31, 2024. The Company had a net profit of baht 22.171 million, an increase from the previous year of baht 5.272 million or 31.20 %, with the following main factors: 1.Increased revenue sales from the previous year about of baht 21.0 million or 10.29% mainly due to the company's sales increase from new customer and existing customer increased order volume. 2.Decrease in cost of raw material prices during the 1st quarter of 2024 and compared to the 1st quarter of 2023, the average purchase price of raw materials per quarter decreased by 2.73%. From the operating results in this quarter increased from the previous year, which was caused by the main factors above The Company continues to improve quality and service including marketing strategies and continually research and develop new products to increase customer base and future sales. In terms of production cost the company will be increase production efficiency at full capacity and manage production resources for maximum efficiency. Key Milestones 2013 The Company trades its stocks for the first day in mai. 2015 The Extraordinary General Shareholder’s Meeting (1st/2015) came to the resolution for allowing the increase in registered capital of 37.34 MB or 74,681,625 share, increasing the registered capital from 113 MB. to 150.34 MB. or the total 300,681,625 shares, at 0.50 Baht per share. 2018 The Company had changed the registered the capital since there had been an increase in investment. To the new amount of 199.39 MB. at 0.50 Baht per share. 2024 The Company's registered capital is 158.33 MB. The paid-in Capital of 158.33 MB. with the total of 316,662,232 shares Risk Management Policy 1. Risks from relying on major customers The Company’s business is producing goods according to the customers’ orders. In 2023, there were major customers with the total sales ratio of more than 53% of the total sales and services. This means that the revenue of the Company may be affected if the major customers adjust their orders.The company has the policy to control the sales made to each of the clients to be no more than 30% of the total sales volume. This is to prevent any effect to the company’s revenue should the major clients were to change. 2.Risks from the fluctuation in the costs of raw materials Aluminum. The price had fluctuated, and the Company had agreed with some customers to adjust the price of goods according to the price closely and plan the orders in advance to reduce the risks of materials shortages. 3. Risks from quality control Products quality is a significant factor for the automobile industry that the manufacturers all pay attention to . Any errors may result in losing the customers or orders cancellation if the products are not up to standard. The Company, therefore, has regulated clear KPI regarding defects and has invested equipment to inspect and control the quality according to the standard set by the customer, resulting in the consumers’ confident and trusts in the business under the international standards. Recent Awards and Recognitions Received the TCC Awards 2023, Outstanding Ethics Award, from the Thai Chamber of Commerce and the Board of Trade of Thailand. Revenue Structure Revenue From Operations 98.81% Interest Income 0.08% Others 1.11% Stock Information mai / INDUS Closing price SANKO mai index 3.00 1.50 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SANKO INDUS mai P/E (X) 8.70 22.58 109.40 P/BV (X) 1.85 1.27 2.11 Dividend yield (%) 2.67 2.28 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 474.99 440.16 389.49 Price (B/Share) 1.50 1.39 1.23 P/E (X) 8.70 8.59 22.24 P/BV (X) 1.85 1.79 1.93 CG Report: Major Shareholders as of 30/04/2024 Thai Industrial Parts Co., Ltd. (24.90%) JTW Asset Co., Ltd. (16.38%) Ms. Nana Patamavorakulchai (13.18%) PSG corporation Pcl. (5.91%) Mr. Pee Patamavorakulchai (4.45%) Others (35.18%) Company Information and Contact http://www.sankothai.net [email protected] 0-3301-0701-5, 0-2005-3310 3/14 Rojana Industrial Park, Moo 2, Tambol Nong Bua, Amphur Ban Khai Rayong 21120 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SANKO Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 27/05/2024 89


SE : SIAMEAST SOLUTIONS PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview The Company procures and distributes industrial products and provides various services related to industrial factories, divided into 5 product groups, namely pumping system technology, process and piping system solutions, innovative materials, services business and utilities and power. The company currently has affiliates and subsidiaries totaling 3 of companies.1. OKS Group Holding Co., Ltd. mainly invests and holds shares in other companies where it focuses on increasing work efficiency for affiliates and finding new S-Curves.2. Kessel (Thailand) Co., Ltd. The only manufacturer of Teflon lining, distributor and provides installation services for pipes, valves or other equipment with special specifications.3. Utility Business Alliance Public Company Limited (UBA) An innovative leader in integrated water and environmental management services solution provider in Thailand. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 126.35 135.57 651.71 611.70 Expenses 123.03 126.28 596.31 557.25 Net Profit (Loss) 6.54 11.79 61.43 66.75 Balance Sheet (MB) Assets 564.88 556.17 566.31 557.13 Liabilities 116.68 144.24 129.06 157.33 Shareholders' Equity 442.16 407.96 431.39 396.17 Cash Flow (MB) Operating 24.91 10.20 27.72 73.05 Investing -0.68 -0.78 -4.28 -5.82 Financing -0.39 -10.69 -43.10 -27.51 Financial Ratio EPS (Baht) 0.01 0.02 0.09 0.10 GP Margin (%) 24.92 27.70 25.65 27.72 NP Margin (%) 5.32 8.96 9.77 11.20 D/E Ratio (x) 0.26 0.35 0.30 0.39 ROE (%) 13.22 17.29 14.85 18.36 ROA (%) 12.36 15.14 13.51 15.52 Business Plan 1. INCREASE SALES PER CUSTOMER SE one stop services offer customers at 1 factory the ability to purchase various types of products and quality services to enhance work efficiency. 2. PRODUCT DEVELOPMENT VALUE ADDED Continuously update new technologies for the product group to be offered to new and existing customers, allowing them to upgrade systems or prevent potential issues promptly. 3. BUSINESS CHAIN + M&A Consolidate business operations to ensure sustainable company growth. 4.OPTIMIZE OPERATION Incorporate AI to aid operations, utilize BI dashboards, energy-saving dashboards, Chat GPT, and more. Additionally, human resource management remains crucial in establishing a robust company. Hence, the company is dedicated to investing significantly in people to achieve long-term goals. Business Structure Business Highlight SE Q1/2024 continues to grow with Green Products backlog of 199.21 MB. In addition, the company is awaiting the results of bidding for public-private works. The total value is more than 1,500 MB. The Company continues to focus on procuring clean energyrelated products to expand new customer bases in industrial sectors such as automotive (EV) manufacturing, packaging, electronics, utilities, and maintain existing customers who need to improve production systems to support ESG policies. Performance and Analysis Business Performance Summary Summary of the Company's overall performance in Q1/2024. Revenue and cost decreased from Q1/2023 revenue and cost decreased due to some products not being imported in time and therefore postponed shipments in the Q2/2024. And most customers are not on budget yet. In terms of distribution costs and administrative expenses, there was a slight increase and in the Q1/2024. The Company realized profit from associates at the rate of 28.67% amounting to 4.16 MB. As a result, the Company has a net profit (loss) attributable to the parent company. 6.54 MB. Key Milestones • 1993 Company establishment • 2015 ISO 9001:2008 • 2017 Converted to a public company and changed its name to Siam East Solutions Public Company Limited • 2018 Acquisition of Utility Business Alliance Co., Ltd. (UBA) • 2021 Established OKS Group Holding Co., Ltd., Increased registered capital and acquired Kessel (Thailand) Co., Ltd., Purchasing UBA's newly issued shares in proportion to their holdings, representing 40 percent of the newly issued shares. • 2022 Increased registered capital of OKS Group Holding Co., Ltd. to 10 million baht to increase financial liquidity in investment. and expansion of business development., Utility Business Alliance Co., Ltd. (UBA) Converted to a public company and listed MAI. • 2023 Increased registered capital of Baht 12,133,120 from Baht 327,594,259.50 to Baht 339,727,380 • 2024 cash dividend to shareholders at a rate of THB 0.026493 per share for a total of 679,450,333 shares., 27 May, moved from mai to trade on the Stock Exchange of Thailand (SET). Risk Management Policy 1. Risk Management Plan, Risk Assessment, and Risk Management. 2. Risk Management Oversight and Monitoring. 3.Creating a risk management culture within the organization. Recent Awards and Recognitions SET Awards 2022 Honorable Awards for Success of the Thai Capital Market 1. SET Awards 2023: Solutions Excellence Business Vision Award Group 2. SET Awards 2022-Outstanding CEO Awards Business Excellence CEO of company listed on mai 3. SET Awards 2022-Outstanding Company Performance Awards Business Excellence mai market capitalization up to THB1.5 bln Revenue Structure PROCESS & PIPING SOLUTIONS 36.89% INNOVATIVE MATERIAL 28.83% PUMPING SYSTEM 16.3% SERVICE BUSINESS 9.21% UTILITIES & ENERGY 8.77% Stock Information mai / SERVICE Closing price SE mai index 2.00 1.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SE SERVICE mai P/E (X) 9.40 111.30 109.40 P/BV (X) 1.34 2.64 2.11 Dividend yield (%) 3.12 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 577.53 584.33 838.64 Price (B/Share) 0.85 0.86 1.28 P/E (X) 9.40 9.02 12.70 P/BV (X) 1.34 1.41 2.23 CG Report: Major Shareholders as of 13/03/2024 น.ส. อรสา วิมลเฉลา (40.70%) MR. KIRK LEEKASEM (21.37%) นาย วิเชียร ศรีมุนินทร์นิมิต (1.65%) บริษัท Thai NVDR Company Limited (1.27%) MR. CHANAPAT APIWONOPAS (1.22%) Others (33.79%) Company Information and Contact http://www.siameastsolutions.com [email protected] 0-3868-2540 15/1 Highway-Rayong No.3191 Road, T. Huey-Pong, A. Muangrayong Rayong 21150 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SE Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 28/05/2024 90


SECURE : NFORCE SECURE PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Distributor of Cybersecurity Solution Products Business and Other Supporting Service Businses.. for More detail Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 347.70 252.28 1,072.26 897.20 Expenses 302.19 217.64 955.40 836.70 Net Profit (Loss) 40.88 27.22 91.77 55.06 Balance Sheet (MB) Assets 912.48 838.88 909.75 811.87 Liabilities 197.90 199.53 237.06 199.83 Shareholders' Equity 714.57 639.35 672.69 612.04 Cash Flow (MB) Operating -46.16 62.32 90.31 25.61 Investing 1.08 -40.29 0.67 -7.78 Financing -1.53 -1.28 -36.20 -22.57 Financial Ratio EPS (Baht) 0.40 0.26 0.89 0.54 GP Margin (%) 20.52 22.54 19.65 16.23 NP Margin (%) 11.76 10.79 8.56 6.14 D/E Ratio (x) 0.28 0.31 0.35 0.33 ROE (%) 15.57 12.97 14.29 9.29 ROA (%) 15.27 12.67 13.57 8.86 Business Plan The Company is determined to be one of the leading distributors of security products and cybersecurity which are parts of the country’s infrastructure that enhances the efficiency of cybersecurity and the products in the field of network management that are related, including the development of software products to effectively meet the needs of domestic corporate customers. The goal is to be a leader in being a distributor of a wide range of products of international standard quality in the Southeast Asian market. Recent Awards and Recognitions 2024 • Trend Micro - Best Solution Delivered Distributor of the Year 2023 • Palo Alto Networks - Thailand Distributors Perfect Pitch • Palo Alto Networks - Distributor of the year 2022 • Gigamon - APAC Distributor Advisory Council • Trend Micro - Proactive Distributor of the Year • Gigamon - ASEAN Highest Growth Distributor of the Year 2020 • Trend Micro - Distributor Solution Architect of The Year • Palo Alto Networks - Best Product Manager Thailand 2020 Business Highlight nForce Secure is Thai value-added specialty distributor of IT Security, Infomation Management, and Network Solution. Established in 2005. Performance and Analysis Business Performance Summary For the three-month period ended 31 March 2024, the Company had total revenue of Baht 347.70 million, an increase of Baht 95.4 million compared to the same period of the previous year or an increase of 37.8% with a total comprehensive income of Baht 41.8 million, increased by Baht 14.6 million from same period of the previous year or an increase of 53.5%. The main source of income is revenue from the sale of network security products, which has increased by Baht 63.9 million, representing 31.9%; compared to the same period of the previous year. Key Milestones • 2005 nForce Security Systems AP Co., Ltd. ("nForce AP") was established to operate as a distributor of cybersecurity products with partners producing and developing software systems. • 2014 nForce Security Co., Ltd. was established to operate as a distributor of cyber security products and related products in network management • 2020 Conversed into a public company under the name nForce Secure PCL., which was registered to be a public company limited on September 10, 2020 to be listed on the SET • 2021 SECURE and Data Wow Co., Ltd. jointly established nDataThoth Co., Ltd. (“nDataThoth”) to engage in the business of developing and distributing software related to personal data protection (PDPA), and SECURE had Listed as listed securities on the Market for Alternative Investment (“mai”). • 2023 SECURE together with Group-IB, has launched the Digital Crime Resistance Center in Thailand and established the first Incident Response (IR) team in Thailand ("SECURE-IR") with the assistance of Group-IB. Risk Management Policy 1. The risk of dependence on vendors: SECURE focuses on selecting products that are well-known as well as having a unique point of various products to promote the diversity of technology and as alternatives to the contractors and system integrators (SI) and effectively meet the needs of end users. SECURE has been a distributor for over seven years and has had a good rapport with the vendors. Moreover, the product owner is also a company. It is famous for selling global security hardware and software. 2. The Risk from Technological Change: SECURE has guidelines to reduce the risks from such technology changes by closely monitoring businessrelated information, news, and changes and adjust to keep up with the changes, including offering products and services to meet the market’s demand, including introducing new products to be known to the market. 3. The Risk from Fluctuations in Foreign Exchange Rates: SECURE is aware of such risks by determining the allowance for exchange rate fluctuations to be included in the calculation of the cost of goods and services. This is part of the pricing structure for some customers, and has considered using financial instruments by Forward Contract in order to reduce currency exchange rate fluctuations when purchasing goods from abroad. Revenue Structure Revenue from sales 96.49% Revenue from services 2.72% Others 0.79% Stock Information mai / TECH Closing price SECURE mai index 19.00 14.00 9.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SECURE TECH mai P/E (X) 15.67 32.19 109.40 P/BV (X) 2.14 2.71 2.11 Dividend yield (%) 3.21 1.80 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 1,438.37 1,345.91 1,479.47 Price (B/Share) 14.00 13.10 14.40 P/E (X) 15.67 14.64 40.15 P/BV (X) 2.14 2.09 2.55 CG Report: Major Shareholders as of 29/03/2024 Moz Seguro Company Limited (24.36%) Ms. Sukanya Luanchamroen (15.83%) Mr. Nakrop Niamnamtham (14.37%) Humanica Public Company Limited (3.14%) Ms. Phasikha Rattanapong (2.26%) Others (40.04%) Company Information and Contact http://www.nforcesecure.com [email protected] 0-2274-0984 9/2 The Synchronized, Soi Ratchadapisek 18, Ratchadapisek Road, Huaikhwang Bangkok 10310 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SECURE Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 06/06/2024 91


SELIC : SELIC CORP PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview SELIC and its subsidiaries have engaged in manufacturer, distributor (both domestic and export) including research and development as following businesses: · Industrial adhesive · Stickers or Self-adhesive labels · Consumer Healthcare Product Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 561.65 454.71 1,905.45 1,624.70 Expenses 464.54 430.85 1,703.34 1,543.38 Net Profit (Loss) 42.89 7.20 80.15 40.25 Balance Sheet (MB) Assets 3,153.89 2,843.07 3,044.86 2,781.94 Liabilities 1,755.93 1,597.36 1,693.34 1,547.08 Shareholders' Equity 1,076.19 967.78 1,032.02 959.47 Cash Flow (MB) Operating 68.29 54.62 172.89 128.32 Investing -21.12 -7.14 -137.87 -615.47 Financing 15.99 -60.20 -86.57 566.40 Financial Ratio EPS (Baht) 0.07 0.01 0.13 0.08 GP Margin (%) 31.34 22.68 27.20 22.00 NP Margin (%) 12.05 2.14 6.52 2.44 D/E Ratio (x) 1.26 1.28 1.25 1.25 ROE (%) 11.33 4.33 8.05 4.95 ROA (%) 9.15 3.43 6.93 3.32 Business Plan Business Direction and Action Plan in 2024 · Selic focus on revenue and profit growth from all business group where our policies and strategies do cover dimensions of Environment, Social, and Governance (ESG). · Selic continuously give priority on developing and distributing BioBased products that are environmentally friendly into the market as they are sustainable growth engines. In addition, we manage sustainable supply chain through supplier evaluation and suppler audit in the dimensions of Environment, Social, and Governance (ESG). · Selic respect and treat employees with fairness as they are key resources in growing business. We provide safety workplace, career path, and better well-being. · Selic search for investment opportunities such as JV, M&A to drive inorganic growth which there will be assessments for the highest benefit to the company and shareholders. The target business could be in the same value chain of our 3 business groups. Sustainable Development Plan Business Highlight • Incubation Center Project at the Thailand Science Park, through a project with the Thailand Board of Investment. • Invested in Meticuly Company Ltd., which manufactures and services strong and high-precision bone implants designed for individual patients. • Invested in Devakam Apothecary Hall Co., Ltd, a manufacturer and distributor of relieving-muscle-pain products under the brand name “Namman Muay” and established DVK Healthcare Co., Ltd. to invest in the production and distribution of healthcare products under brand Neoplast™ and Neobun™. Performance and Analysis Business Performance Summary https://weblink.set.or.th/dat/news/202405/ 1333NWS140520241701280055E.pdf Key Milestones 2023: able to grow in line with the growth strategies through healthcare business by launching a variety of products into the market under brand “Neoplast” and “Neoban”. 2022: investment in Devakam Apothecary Hall Co., Ltd (“Devakam”) regarding the acquisition of the ordinary shares equivalent to 50% of the total shares of Devakam after capital increase. Devakam has expertise in medical and healthcare which benefit to the investment project in manufacturing and marketing the healthcare and medical supplies under trademark/brand of Neoplast™, Neobun™. 2021: Changed the shareholding and management structure of PMC Label Materials Limited (PMCT) Thailand, by moving PMC Label Materials Pte Ltd, Singapore, under the shareholding and management of PMCT. 2020: Opened a distribution center in Australia under the name, Selic Australia Pty Ltd., where SELIC has 100% shareholding of the company’s listed capital, and in Malaysia under the name, PMC Label Materials Sdn Bhd. (PMCM), where SELIC holds indirect shares through a PMCL subsidiary, in order to support the market expansion of SELIC and its subsidiary companies. 2019: Acquired and received controlling authority of PMC Label Materials Limited (PMCT) Thailand and PMC Label Materials Pte Ltd, Singapore. Risk Management Policy The company is aware of risk management in order to prevent and reduce risks that may occur and affect the achievement of the vision, mission and strategy of the company. The company has established the risk management policy applying the COSO-ERM so that the directors, executives, and employee able to manage risk to an acceptable level (Risk Appetite) for determining organizational strategy and allocate resources appropriately. Recent Awards and Recognitions • List of Prime Minister's Export Award 2023 (Best Thai Brand) • List of Sustainability Disclosure Recognition 2023 from Thaipat Institute • List of ESG Emerging 2023 from Thaipat Institute for the third consecutively year • List of SET ESG Ratings A 2023 from the Stock Exchange of Thailand • SET Awards 2022: Commended Sustainability Awards from the Stock Exchange of Thailand • CAC Change Agent Award 2022 from Thai CAC Revenue Structure Adhesive 25% Stickers or Self-adhesive labels 40% Healthcare 35% Stock Information mai / INDUS Closing price SELIC mai index 3.00 2.00 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SELIC INDUS mai P/E (X) 18.45 22.58 109.40 P/BV (X) 1.43 1.27 2.11 Dividend yield (%) 1.35 2.28 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 1,478.56 1,380.80 1,691.07 Price (B/Share) 2.42 2.26 2.86 P/E (X) 18.45 26.51 36.30 P/BV (X) 1.43 1.38 1.77 CG Report: Company Rating: SET ESG Ratings A Major Shareholders as of 29/03/2024 Suwatthanaphim Group (50.01%) Vongkusolkit Group (16.90%) SAHA PATHANA INTER-HOLDING PUBLIC COMPANY LIMITED (8.33%) MR. BOPIT PATTARARUNGRONG (3.80%) KOW YOY HAH MOTORS COMPANY LIMITED (3.37%) Others (17.59%) Company Information and Contact http://seliccorp.com/ [email protected] 0-2807-3347-9 270 Liapkhlongphasicharoenfangtai Road, Nongkhaem Bangkok 10160 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SELIC Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 04/06/2024 92


SFT : SHRINKFLEX (THAILAND) PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Shrinkflex Thailand Public Company Limited ("SFT") operates 2 main businesses which are; (1) Manufacturer and distributor of shrink sleeve labels through gravure and digital printing systems (2) Flexible Packaging (3) Other products such as the printing cylinder and stretch film. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 243.17 234.42 925.76 863.25 Expenses 232.99 228.76 878.62 779.55 Net Profit (Loss) 6.48 3.33 30.22 63.06 Balance Sheet (MB) Assets 1,102.30 1,045.03 1,101.98 1,046.36 Liabilities 339.67 285.27 345.82 289.93 Shareholders' Equity 762.64 759.76 756.16 756.43 Cash Flow (MB) Operating -2.10 -15.42 77.03 101.03 Investing -2.68 -44.83 -137.10 -151.15 Financing 0.61 36.82 45.12 -18.03 Financial Ratio EPS (Baht) 0.01 0.01 0.07 0.14 GP Margin (%) 16.64 14.60 18.02 21.61 NP Margin (%) 2.66 1.42 3.26 7.31 D/E Ratio (x) 0.45 0.38 0.46 0.38 ROE (%) 4.38 6.56 4.00 8.44 ROA (%) 4.81 6.75 4.39 8.41 Green Packaging • Company’s certification on recycle shrink label or “Green Shrink” for a total of 4 products by the Association of Plastic Recyclers (APR) which the Company have received on 1st September 2022. • In the first quarter of 2023, the Company continues to develop new alternatives for flexible packaging by further developing the Mono Material Pouch product that is environmentally friendly (Green packaging) and is 100% recyclable to support the circular economy trend both domestically and globally. • During 2024, the Company plans to launch two new environmentally friendly products: 1) rPET (R-PET), a film containing plastic that has already been used by consumers (PCR) and 2) POF (Polyolefin Shrink Film) which can be recycled along with PE bottles after use without separating the labels from the bottles. New innovations and technology will be applied in order to develop these 2 new products. Business Plan Sales growth plan The Company's new target at 10% percent growth in 2023 with the customer portfolio expansion and new business line expansion (Flexible Packaging). Its strategy focuses on pricing, quality, service, and relationship. The plan also focuses on cost efficiency management and optimization from economies of scale. Financial plan The Company was able to display a strong financial position and is able to seek for capital to support future business expansion. Investment plan The Company has constructed its second plant to enhance its production capacity and factory standard to respond to clients’ need and prepare for the economic recovery. This plant, aimed to establish continuous growth, will focus on flexible packaging products Business Highlight • The Company Supports Employees in Creating Public Consciousness • Organized an Open House Activity to Share Knowledge to the Society • Becoming a Leader in Sustainable Business Operator by Developing Environmentally Friendly Products Performance and Analysis Business Performance Summary In Q1/2027, Shrinkflex Thailand Public Company Limited (SFT) (“the Company”) revenue was Baht 240.07 million, while the Company’s profit was at Baht 6.48 million. This growth was primarily driven by the increase in customer orders, especially from Gravure printing, while managing the selling expenses efficiently. In addition, SFT has also managed to lower the electricity cost per unit by investing in solar rooftop. In 2024, SFT is committed to a sustainable business growth, planning to develop Green packaging products that combines innovation and technology in product design to add value to product labels to meet the needs of today's customers, as well as to increase the competitiveness and add value to the Company in the long run. Key Milestones 2007 – Shrinkflex (Thailand) Co., Ltd. was established on 20 June 2007 – providing shrink sleeve label production and services. 2008 – The Company started to use 9-color-rotogravure printing in its label production continued its investment in machine upgrade. 2014 – The Company implements digital printing system and purchased additional 10-color-rotogravure printer. 2020 – The Company has registered as public company and listed in Market for Alternative Investment (MAI) 2021 - The Company has started to build a new factory 2022 - New business expansion to Flexible Packaging Risk Management Policy Risk from sourcing raw materials and fluctuation of raw material costs: SFT applied contracting strategies for raw material procurement, which helped reduce cost volatility for certain period. SFT also applied hedging tools and placed minimum order of raw material in advance. This helped mitigate risk of raw material shortage and maintain the growth of gross profit margin. Risk of depreciation of raw materials and finished products: The company applied various approaches to inventory management including inventory control. It also implemented SAP B1, ERP software platform, which can efficiently control the amount of inventory, shelf life as well as logistic quality. Customer concentration risk: SFT focused on maintaining existing customer base while establishing new customer base through customer value proposition. Therefore, the major clients have consistently purchased products from SFT for more than 5 years. Recent Awards and Recognitions 2017 - ISO 9001:2015 certified 2020 - Digital Print Excellence Award from HP Inc. 2020 - Corporate Excellence from Asia Pacific Enterprise Awards 2021 - 2 Winners Awards from HP Inkspiration Awards 2021 2021 - GHP HACCP certified 2021 - Leading Manufacturer from World Business Outlook Awards 2022 - Certified by the Association of Plastic Recyclers (APR) for Shrink Label Products as “Green Shrink” 2022 - The outstanding “Sustainability Model Organization in the Thai Capital Market of Disability Support” Award 2022 from SEC 2023 - Obtained the Food Safety System Certification (The British Retail Consortium: BRC) Revenue Structure Shrink Sleeve Labels 96% Flexible Packgaging 2% Others 2% Stock Information mai / INDUS Closing price SFT mai index 5.00 4.00 3.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SFT INDUS mai P/E (X) 58.23 22.58 109.40 P/BV (X) 2.33 1.27 2.11 Dividend yield (%) 1.14 2.28 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 1,760.00 1,795.20 2,112.00 Price (B/Share) 4.00 4.08 4.80 P/E (X) 58.23 73.14 27.74 P/BV (X) 2.33 2.39 2.79 CG Report: Major Shareholders as of 13/03/2024 MR. SUNG CHEONG TSOI (23.64%) MS. JURAIRAT PHONGSORN (17.50%) MRS. SUKANYA TSOI (14.55%) MR. SMITH TSOI (7.27%) MRS. CHARUNEE CHINWONGVORAKUL (6.94%) Others (30.10%) Company Information and Contact http://www.shrinkflexthailand.com [email protected] 0639635962 88/8 Moo 12 Bang Pakong District Chachoengsao 24130 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SFT Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 10/06/2024 93


SICT : SILICON CRAFT TECHNOLOGY PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Research, development of microchip as a fabless company under "SIC" trademark. The Company's products are divided into 4 groups, 1) Microchip for Immobilizer; 2) Microchip for Animal Tag; 3) Microchip for Industrial IoT and 4) NFC & Others Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 211.20 221.04 675.19 602.95 Expenses 163.42 161.54 534.83 467.87 Net Profit (Loss) 47.77 59.50 140.36 135.08 Balance Sheet (MB) Assets 1,075.99 834.32 1,160.11 651.33 Liabilities 373.56 260.24 505.25 136.46 Shareholders' Equity 702.43 574.08 654.87 514.87 Cash Flow (MB) Operating -70.50 -20.73 -131.25 92.21 Investing -2.55 -28.64 -71.77 -59.08 Financing -0.20 96.72 222.48 -18.41 Financial Ratio EPS (Baht) 0.10 0.15 0.29 0.28 GP Margin (%) 42.60 44.54 45.68 52.51 NP Margin (%) 23.29 27.36 21.06 22.47 D/E Ratio (x) 0.53 0.45 0.77 0.27 ROE (%) 20.15 30.16 24.00 29.70 ROA (%) 13.47 22.11 15.50 23.78 Business Plan 2024 Business Plan & Outlook • Set the target growth of the revenue from original main products, especially from the Animal ID groups, and explain the revenue from new product that were launched in 1-2 year ago. • Focus on developing new product in the NFC Sensor group and Industrial NFC group. Including driving the NFC for Luxury brand protection to become a mass production. • Increase revenue from product in Industrial IoT group by explaining the market to customers in EU, Japan, and US • Integrated sustainability concept to the technology development process and business strategy for creating a sustainable business growth. • Look for new opportunities for mutual growth with partners and support each other's business. Sustainable Development Plan The company committed to driving the business forward with respect to environmental and social issues, including human rights and good corporate governance — acting in line with the United Nation’s Sustainable Development Goals (SDGs) as follows: 1) Environmental Aspects: The company is committed to minimize the effects on the environment by aiming to become "A Low Carbon Company". 2) Social Aspects: committed to creates a good quality of life and sustainable society in the long run. 3) Economic Aspects: The company is committed to generate a business growth and sustainable revenue. Business Highlight Silicon Craft Technology Public Company Limited is the first and only listed company in Thailand that designs and develops microchips for RFID applications. With an outstanding product performance and quality, the company has gained international recognition and be able to export products to the world-class manufacturers around the world. Performance and Analysis Business Performance Summary Revenue from sales and services in Q1/2024 was 205.2 MB, down 12.3 MB or 6% from the same period last year, due mainly to a 57% drop in revenue from the Immobilizer group. Meanwhile , revenue from Animal ID group, which is the main revenue portion increased 21% from Q1/2023. However, revenue from sales and services increased 45% from Q4/2023. Other income including realized foreign exchange gains was 5.7 MB. COGS was 117.8 MB, down 2.8 MB or 2% from Q1/2023, partly aligned with the decrease in revenue. SG&A was 41.9 MB, up 3.6 MB or 9.4% from Q1/2023, due to increased research expenses as planned. Net profit in Q1/2024 was 47.8 MB, decreasing 11.7 MB or 20% from Q1/2023, due to lower revenue from sales and services, higher proportion of cost of sales and services to revenue, and higher research expenses. Net profit margin was at 23%, down from 27% in Q1/2023 but improving from 14% in Q4/2023. Key Milestones 2002: Incorporated on 18 December 2002, with an initial registered capital of THB 5M. 2019: Converted from a limited company to a publicly listed company and undertook a capital increase to THB 200M. 2020: Began publicly trading as “SICT” on 30 July 2020 on the Market for Alternative Investment (mai). Risk Management Policy • Risks from dependency on raw material supplier and main outsourcing manufacturer. The company mitigates risk by planning production together with trade partners and by identifying additional new partnerships. • Risks from rapid technology changes and changing consumer behaviors. The Company has studied about research and technology works around the world. In addition, there is a study of trend and marketing opportunities in various product groups including exchange of progress and product development plan with key customers and international research institutes. • Risks from R&D investments that do not yield commercial products. The company prepares an annual budget and sets a limit on R&D spending each year. Additionally, the Company has the strict process on approval of research projects. • Risk from dependent of expert engineer on design of integrated circuit. The company has a policy to jointly develop body of knowledge and personnel in the relevant branches with the educational institutes, arrangement the activities with the universities in Thailand. Retention program was implemented to maintain knowledgeable and skilled staff. Recent Awards and Recognitions Awards and Recognitions in 2023 • Has recognized by APAC business headlines as Thailand's Most Acclaimed Semi-Conductor Manufacturing Company in 2023 • Received a rating of "A” from SET ESG Rating 2023 • Has been selected by Thaipat institute to include in "ESG Emerging List" and include in the universe of "ESG100" in 2023. • Received the results of the Corporate Governance Report of Thai Listed Companies 2023 under the 5-star "Excellent" • Received the Best Company Performance Awards 2023 • Received the Best Innovative Company Awards 2023 • Received the Outstanding Investor Relations Awards 2023 Revenue Structure Animal ID 55.1% Immobilizer 12.2% Industrial IoT 32.4% NFC & Others 0.3% Stock Information mai / TECH Closing price SICT mai index 12.00 7.00 2.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SICT TECH mai P/E (X) 17.95 32.19 109.40 P/BV (X) 3.85 2.71 2.11 Dividend yield (%) 0.67 1.80 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 2,520.00 3,408.00 3,200.00 Price (B/Share) 5.25 7.10 8.00 P/E (X) 17.95 19.43 35.76 P/BV (X) 3.85 5.38 6.97 CG Report: Major Shareholders as of 03/05/2024 MR. MANOP DHAMSIRIANUNT (21.37%) MR. APINETR UNAKUL (16.59%) MR. NAIYAVUDHI WONGKOMET (6.84%) นาย APINUNT THANACHAYANONT (5.02%) นาย วิทิต พงศ์พิโรดม (4.95%) Others (45.23%) Company Information and Contact http://www.sic.co.th [email protected] 0-2589-9991 No. 40 Thetsabanrangsannua Rd., Ladyao, Chatuchak Bangkok 10900 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SICT Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 20/05/2024 94


SK : SIRAKORN PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Manufacturing and distributing prestressed concrete products and also providing construction services in high voltage transmission line and distribution line, and civil work. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 159.54 136.34 686.21 626.25 Expenses 150.75 130.37 628.97 617.62 Net Profit (Loss) 4.81 3.81 42.86 9.45 Balance Sheet (MB) Assets 597.14 534.06 657.47 533.47 Liabilities 196.03 176.85 261.17 181.14 Shareholders' Equity 401.10 357.21 396.30 352.33 Cash Flow (MB) Operating 28.51 -4.17 29.58 69.31 Investing -23.64 -50.35 -49.23 -37.31 Financing -45.34 -17.31 35.59 9.85 Financial Ratio EPS (Baht) 0.01 0.01 0.09 0.02 GP Margin (%) 19.55 20.82 21.95 15.41 NP Margin (%) 3.01 2.79 6.25 1.51 D/E Ratio (x) 0.49 0.50 0.66 0.51 ROE (%) 11.57 3.79 11.45 2.67 ROA (%) 9.90 2.70 9.23 1.68 Business Plan 1. Increased participation in construction of high voltage transmission line and distribution line biddings. 2. Increased its capability in independently taking Distribution Line (230kV) projects 3. Improved its production efficiency to support product distribution opportunity 4. Enhanced its logistic capability Sustainable Development Plan Business Highlight he Company is ISO 9001:2015 certified. It has registered with Provincial Electricity Authority and obtained certification from the Thai Industrial Standards Institute (TIS – 396-2549) Performance and Analysis Business Performance Summary The performance of the three-month period ended 31 March 2024, the company’s total revenue is 159.54 million Baht, which increases 23.19 million Bath or 17.01% from the same period of the previous year. The total cost of sales and service is 127.79 million Baht, which increases 21.53 million Baht or 20.26%. The gross profit is 31.75 million Baht, accounting for 19.90%. Cost of sales and administrative expenses is 22.95 million baht, which decreases by 5.52%. Net comprehensive income of the threemonth period is 4.81 million Baht, accounting for 3.02%, which decreases from the same period of the previous year by 0.07 million Baht or 1.43%. EBITDA of Q1 2024 is 8.70 million Baht. The major reason for the decreasing net profit of the performance of Q1 2024 is the decreasing sales revenue due to the competition, the increasing construction revenue while the gross profit decreases because of the lower profit of the construction than the construction works at the beginning of 2023. Key Milestones • 2023 The company invest in associate, Build All Co.,Ltd. To operate in construction service, home improvement, with portion 45%, at amount of Baht 0.9 million • 2023 The company invest in associate, Alena Development Co.,Ltd. To operate in a property developing, with portion 45%, at amount of Baht 55 million. • 2021 the company sold Sirikamol Construction Co., Ltd. to old shareholder, as a result of without conflict of interest also with the Company established mew subsidiary such SK Power Construction Co., Ltd. to provide small construction service. • 2019-2020 The Company has registered as public company in 2019 and offered 115,348,120 of IPO shares to public in 2020. • 2005 The Company purchased shares in 4 A Concrete Co., Ltd. from existing shareholders and has held 99.99 percent stake in the company after the acquisition. • 1989 The Company was established on 18 December 1989 with THB 2.5 million registered capital, operating prestressed concrete pole manufacturing business. Risk Management Policy • Economic risk – The Company’s prestressed concrete product distribution and construction contracts are mainly driven by state projects, which are correlated with Thailand’s economic growth and situation. Therefore, the pace of economic growth is a factor that impacts the Company’s revenue. Also, competition among concrete product distributors and construction contractors posts some competitive risk that may impact the Company’s performance. • Risk of raw material price fluctuation – Volatile costs of key raw materials used in prestressed concrete product directly impact the Company’s performance. Therefore, quotations issued to clients will be based on actual sale costs and competition environment in the market. In addition, if raw material price tends to rise, the Company will place sizable order in advance to mitigate cost volatility. Recent Awards and Recognitions Revenue Structure Construction Contracts 72% Sales 27% Others 1% Stock Information mai / PROPCON Closing price SK mai index 2.00 1.00 0.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SK PROPCON mai P/E (X) 9.12 - 109.40 P/BV (X) 0.99 2.56 2.11 Dividend yield (%) 5.88 1.33 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 391.00 276.00 432.40 Price (B/Share) 0.85 0.60 0.94 P/E (X) 9.12 8.00 79.79 P/BV (X) 0.99 0.74 1.28 CG Report: - Company Rating: Major Shareholders as of 15/03/2024 นǨง ศร˲Ǫพ˭ญ ǥส˲ป�ญญǨ (9.85%) นǨง ǥมรวรรณ ตˣังน˿กูลก˰จ (7.10%) นǨย PARKORN TANGNUKULKIJ (3.96%) MISS NAPASCHOL TANGNUKULKIT (3.71%) MRS. JONGSIRI LAWKANJANARAT (3.56%) Others (71.82%) Company Information and Contact http://www.sirakorn.co.th 0-2035-7100-3 53/35 Village No.8, Bangkrang Sub-district, Mueng Nonthaburi Nonthaburi 11000 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SK Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 20/05/2024 95


SMD : SAINTMED PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Distributor of medical devices from international manufacturers, mainly distribute to hospitals in Thailand and the general public. Our company has 2 main types of the business. 1. Medical Device Sales 1.1 Critical Care Medical Devices 1.2 Respiration Medical Devices 1.3 Cardiology Medical Devices 1.4 General Medical Devices 1.5 Smart Hospital Medical Devices 1.6 Wellness Medical Devices 2. Services 2.1 Maintenance Service 2.2 Rental Service 2.3 Sleep Lab Service Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 141.18 170.16 833.83 2,013.79 Expenses 151.57 160.18 737.33 1,635.76 Net Profit (Loss) -10.48 8.00 79.24 296.66 Balance Sheet (MB) Assets 1,022.11 1,228.69 1,079.91 1,210.57 Liabilities 179.31 192.93 179.84 182.81 Shareholders' Equity 842.80 1,035.76 900.06 1,027.76 Cash Flow (MB) Operating -50.83 2.58 20.88 466.09 Investing -6.65 -5.03 -15.73 -6.21 Financing -48.81 -3.75 -213.51 -396.83 Financial Ratio EPS (Baht) -0.05 0.04 0.35 1.32 GP Margin (%) 31.38 33.20 35.91 29.45 NP Margin (%) -7.42 4.70 9.50 14.73 D/E Ratio (x) 0.21 0.19 0.20 0.18 ROE (%) 6.47 16.24 8.22 30.81 ROA (%) 6.80 15.48 8.46 28.97 Business Plan • Rental / Leasing Medical Devices Project Leasing Business for any brand’s medical devices, including medical devices for complex diseases. Hospitals and patients will have up-to-date devices for treatments. This will generate recurring income for SMD with a competitive advantage from the contract structure. • Expand the business to wellness equipment for hospital, wellness, spa, and home use Cooperate with hospitals, wellness, and spas to do the rental and revenue-sharing project. In the beginning, the project cooperated together will be Medical Grade air purification and mild hyperbaric oxygen chamber machine. • Sleep Test Lab generates continuous revenue Not only services revenues but also make opportunities for selling Respiration medical devices. Sustainable Development Plan That delivering high-quality, modern medical equipment will contribute significantly to Thailand's public health system. Moreover, the Company is continually seeking new medical equipment innovations to enhance patient treatment efficiency and reduce the workload of doctors and medical staff. An example is the AI system for detecting lung cancer (Lung CA) from CT images. Business Highlight Factors that affected company performance. • Aging Society The aged population increasing, resulting in the demand for sleep test services, CPAP, and medical devices for treatments of NCDs decease. • Medical Tourism and Medical Hub had a positive impact on increasing demand for medical devices which made for the treatment of complex diseases. In addition, the demand for wellness centers also increasing. Performance and Analysis Business Performance Summary Net profit (Loss) for the first quarter of 2024 of THB (10.48) million, a decrease of 230.88% YoY compared to Q1/2023. The government's 2024 budget had not been announced in 1Q/2024, reducing the demand for these products. However, the product group of medical devices for sleep medicine showed a positive trend, as the public became more aware of the importance of quality sleep and showed increased interest in sleep studies. Additionally, the Medical Committee under the Social Security Act issued criteria and rates for compensation benefits for insured individuals with sleep apnea. That led to higher demand for sleeptest. Key Milestones 2024: Invested 100% of shares in the subsidiary company “SMDI Company Limited” and the change of company name from ServeHealth Company Limited (a subsidiary company) to SMDX Company Limited. 2023: Invested 100% of shares in the subsidiary company “Servehealth Company Limited” 2022: Increased registered capital to 112.35 MB for stock dividend payment. 2021: SMT dissolution 2021: SMD increased registered capital to 107 MB by issuing 54 M of new ordinary shares for IPO. Listed on mai and started trading on 17/06/21. 2020: Collaborated with Golden Jubilee Medical Center to provide sleep examination service. And registered as a public company. 1998 - 2004: 4 founders of SMD jointly established Saint Medical Co., Ltd. and Saint Medical Group Co., Ltd. Risk Management Policy The risk from exchange rates Medical devices must be imported from abroad and paid for in foreign currency. as a result, SMD is vulnerable to exchange rate fluctuations. If the Thai baht depreciation against the foreign currency, it may have a negative impact on SMD's operating results. However, SMD has the policy to manage risks by using forward contracts, monitoring, and assessing the situation of foreign exchange risk. The risk of not extending the right to be a distributor of main products The company diversifies the risk by distributing more than 30 brands of medical devices. This can lower the risk, and the company will negotiate earlier with the manufacturer if has some sign of not extending rights to be a distributor in any medical devices brands. Recent Awards and Recognitions • Market Breakthrough Award 2023 from Mindray • Certificate of ESG Emerging Company for the year 2022 • 2021 Gold Service Channel • Mindray 2021 Best Performance Award • Golden Cooperator Award 2021 • 2020 Gold Service Channel from Mindray • Best Performance Award 2020 from Mindray Revenue Structure Revenue from sales 95.51% Revenue from services 4.49% Stock Information mai / CONSUMP Closing price SMD mai index 9.00 6.00 3.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SMD CONSUMP mai P/E (X) 18.00 64.26 109.40 P/BV (X) 1.58 1.85 2.11 Dividend yield (%) 4.54 1.05 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 1,539.08 1,617.72 1,921.05 Price (B/Share) 6.85 7.20 8.55 P/E (X) 18.00 28.85 5.54 P/BV (X) 1.58 1.61 1.88 CG Report: Company Rating: Major Shareholders as of 15/03/2024 MISS SORAJJA BOONPRASIT (10.22%) นาง รมณ วสุศุทธิกุลกานต์(9.08%) นาย วิโรจน์วสุศุทธิกุลกานต์(7.88%) บริษัท SAINTMED PUBLIC COMPANY LIMITED (7.09%) MR. TAVEESAK BOONPRASIT (5.34%) Others (60.39%) Company Information and Contact https://www.saintmed.com [email protected] 06-3224-6722, 0-2527-8075-8 222, 222/1-2 M.1 West Inn Complex 10 Fl. Soi - Rattanathibet Rd., Bang Rak Yai, Bang Bua Thong Nonthaburi 11110 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SMD Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 06/06/2024 96


SONIC : SONIC INTERFREIGHT PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Sonic Interfreight Public Company Limited ("The Company" or "SONIC") operate as an International Logistics Services Provider by providing sea freight and air freight, import and export service, customs clearance service, domestic transport, cross-border transport as well as distribution center service. Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 480.58 435.68 1,609.50 3,836.19 Expenses 427.49 385.79 1,439.57 3,428.55 Net Profit (Loss) 39.72 36.92 126.08 307.59 Balance Sheet (MB) Assets 1,813.10 1,726.20 1,754.54 1,745.34 Liabilities 337.03 375.26 309.93 430.55 Shareholders' Equity 1,454.19 1,331.50 1,421.52 1,293.57 Cash Flow (MB) Operating 32.97 72.07 155.36 615.25 Investing -61.38 -102.53 -340.26 -146.77 Financing -18.96 -31.71 -71.10 -170.11 Financial Ratio EPS (Baht) 0.05 0.05 0.16 0.42 GP Margin (%) 21.47 24.64 23.57 18.03 NP Margin (%) 8.53 8.78 8.14 8.28 D/E Ratio (x) 0.23 0.28 0.21 0.33 ROE (%) 9.25 20.71 9.29 26.65 ROA (%) 9.78 19.19 9.71 23.96 Business Plan The Company continuously expedited growths in its existing operation, namely services on international sea freight, international air freight, inland transport, LCL services, warehouses and distribution center, container depot as well as leasing businesses. The Company also acknowledged an importance of non-logistics businesses to explore marketable opportunity and conduct feasibility. Along with conducting business with consideration for social, environmental, governance, and good corporate governance aspects. Sustainable Development Plan Approaches to Business Operation under the Sustainable Development Framework: Economic Dimension: • Achieving business growth and market competitiveness: This can be achieved through the development of efficiency and innovation, alongside good corporate governance. Social Dimension: • Meeting customer needs: This can be achieved through providing good service, managing relationships, ensuring customer satisfaction, and being socially responsible. Environmental Dimension: • Reducing the environmental impact of the organization's business operations: This can be achieved through various means, such as reducing energy consumption, minimizing waste, and using sustainable materials. Business Highlight • One stop service with multimodal logistics services • Long-established relationships with wide ranges of trusted partners • Knowledgeable, experienced and competent talents Performance and Analysis Business Performance Summary According to the performance of Q1/2024, ended on 31 March 2024, the Company had the revenue from services of THB 468.43 million. The revenue breakdown is as follows; 62.77% from sea freight services, 21.17% from land transportation services, 13.61% from air freight services, and 2.45% from other services such as warehousing, container yards, providing area and services for dangerous goods. The Company's gross profit was equal to THB 100.57 million or equivalent to 21.47% of gross profit margin as a result of market competition conditions. The net profit amounted to THB 39.72 million, or equivalent to 8.53%. The net profit has increased from the previous year due to the company's financial management and expense management. Key Milestones • The Company recognizes to expanding business base to increase revenue in other businesses and is looking for additional investment opportunities. • The Company was repurchased 4,537,900 shares for financial management purposes. Risk Management Policy Major Risk Management Guidelines Operational Risks • Risk on fluctuation in freight rate: the Company designed its service fees by adding minimum profits into its costs of operation to manage the risk while remaining competitive in the market. • Risk on volatility in oil price: the Company constantly reviewed the cost structure of oils to adjust its service fees upon significant changes in oil price. • Risk on liabilities on damaged merchandises: the Company selected freight forwarders and assessed their quality of services at least once a year to ensure all deliveries meet the standards. • Risk from personnel dependency: The group of companies is well aware of the importance of its personnel. Therefore, a succession plan has been developed to train and continuously develop the company's personnel. Financial Risks • The Company was exposed to risks on exchange rates due to its transactions with overseas partners that incurred revenues and expenses in foreign currencies. As a result, the Company managed the risks with natural hedging and using foreign currency account. Recent Awards and Recognitions 1. Business Excellence, Best Company Performance Awards mai market capitalization of over THB 1.5 billion (2022) 2. Outstanding CEO Awards mai market (2022) 3. ESG100 Awards 3 year in a row (2020-2023) Revenue Structure Sea Freight 62.77% Land Transport 21.17% Air Freight 13.61% Others 2.45% Stock Information mai / SERVICE Closing price SONIC mai index 3.00 2.00 1.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SONIC SERVICE mai P/E (X) 10.77 111.30 109.40 P/BV (X) 0.96 2.64 2.11 Dividend yield (%) 3.10 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 1,365.16 1,592.68 2,096.35 Price (B/Share) 1.62 1.89 2.76 P/E (X) 10.77 12.47 5.99 P/BV (X) 0.96 1.14 1.66 CG Report: Company Rating: Major Shareholders as of 08/03/2024 MR. SANTISUK KOSIARPANANT (35.57%) MRS. SUPAPORN SURAPUNWORAWECH (3.65%) MR. RANUT LIEOLERTSAKULCHAI (3.01%) นาย กายสิทธิ�โฆษิอาภานันท์(1.93%) บริษัท Thai NVDR Company Limited (1.79%) Others (54.05%) Company Information and Contact http://www.sonic.co.th [email protected] 0-2213-2999 79/349,350 1st, 2nd floor, Sathupradit Rd., Chongnonsee, Yannawa Bangkok 10120 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SONIC Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 05/06/2024 97


SPA : SIAM WELLNESS GROUP PUBLIC COMPANY LIMITED 3M/2024 (Jan - Mar 2024) Business Overview Siam Wellness Group PLC. operates the business of wellness spa and other related businesses. There are four main business operations: 1.Spa: The spa business under the brands "Let's Relax" "RarinJinda Wellness Spa" "Baansuan Massage" "Stretch me" and "Dr. Spiller Pure Skin Care Solutions. 2.Hotel and Restaurant: A boutique hotel resort in Chiang Mai under the name "RarinJinda Wellness Spa Resort" "Rarin Villas" (Under Management Contract) and a restaurant under the name "Deck One" "ORB Cafe" (Under Management Contract). 3.Sale of Spa Products: Distributes and sells spa related products under the brand "LRL (Let's Relax Lifestyle)" and "Dr.Spiller". 4.School of Traditional Thai Massage: Operates a school of traditional Thai massage under the name "Siam Wellness Thai Massage and Spa School" to train therapist staff in massage and spa services to support SPA's business expansion Financial Statement 3M24 3M23 2023 2022 Income Statement (MB) Revenues 398.95 325.85 1,473.29 721.37 Expenses 298.23 258.78 1,148.75 757.99 Net Profit (Loss) 73.97 50.46 332.14 -88.03 Balance Sheet (MB) Assets 1,909.43 2,080.53 1,973.02 2,419.10 Liabilities 934.32 1,461.07 1,071.88 1,850.10 Shareholders' Equity 975.10 619.46 901.13 569.00 Cash Flow (MB) Operating 151.76 114.13 548.70 186.71 Investing -2.67 -10.68 -57.73 -118.58 Financing -144.81 -87.80 -423.57 6.92 Financial Ratio EPS (Baht) 0.06 0.06 0.39 -0.10 GP Margin (%) 33.44 27.62 30.15 11.31 NP Margin (%) 18.54 15.49 22.54 -12.20 D/E Ratio (x) 0.96 2.36 1.19 3.25 ROE (%) 44.61 3.37 45.18 -14.83 ROA (%) 17.88 3.45 14.72 -1.57 Business Plan “To provide accessible wellness services rooted in Thai wisdom & hospitality so that people have better well-being.” Sustainable Development Plan SPA has established a Sustainability Policy and Goals as a guideline for implementing business strategies for stable and sustainable growth covering all dimensions, including economy, society and environment. Building the concept of sustainable development in every core function by raising the importance of sustainability in all dimensions of the Value Chain and emphasizing on adding value in activities in the process of providing services and selling products (In-process Activities). -Economic Development/Regulatory -Social Development - Environmental Development Business Highlight 1. Doing business from upstream to downstream This makes it possible to control the quality of the service. 2. The tourism business has a bright future with Thailand's aspiration to become the Tourism hub of ASEAN. 3. The healthcare business is in Megatrends, with Thailand 's aspiration become the Medical Hub of ASEAN. 4. Thai massage is one of the main tourism products, including being named World's Cultural Intangible Heritage. Performance and Analysis Business Performance Summary • FY23 Revenue Highest Sales surpass pre-COVID19 Level • Operating cash flow turned positive since 3Q2022 • The proportion of foreign tourist income returned to 60% with new foreign customer bases such as Europe and the Middle East. · Key Milestones Nov 23 Spa Operating in Hotel Signing at Courtyard by Marriott Suvarnabhumi Airport Risk Management Policy The Company places importance on good corporate governance, especially effective risk management. from the strategic level performance and decision to invest in new business and raise awareness of risk management for everyone in the company In order to create added value for the organization, shareholders, society, communities and stakeholders which help the company grow sustainably Recent Awards and Recognitions · Best CEO, IAA Awards for Listed Company 2015-2016 · Best CFO, IAA Awards for Listed Company 2020 · Forbes Best Under a billion, 2018, 2020 · Best Small Cap Company, Finance Asia, Asia’s Best Companies 2020 · Best IR by mai Company, IR Magazine Awards South East Asia 2016 · Best Investor Relations Awards for Listed Company in mai, SET Awards 2018, 2020 · Best IR, IAA Awards for Listed Company 2022-2023 · Certificate of Excellence in Investor Relations, IR Magazine Awards South East Asia 2020 · Outstanding CEO, IAA Awards for Listed Company 2022-2023 · Outstanding CFO, IAA Awards for Listed Company 2022-2023 · Outstanding Investor Relations Awards for Listed Company in mai, SET Awards 2019, 2021, 2023 · 1 of 8 Best Luxury Spas in the World, Agoda · Best Luxury Destination Spa, World Luxury Spa Awards 2012 · Best Luxury Boutique Hotel, World Luxury Hotel Awards 2012 · Asia’s Top 50 Brands, CMO Asia Awards 2017 · ASEAN Spa Services Standards 2023-2025 (2 awards) · ASEAN Spa Services Standards 2023 (2 awards) · Asia’s Top Wellness Spas, Now Travel Asia Awards 2017 · Outstanding Brands, Asia CEO Summit & Influential Brands Awards 2018 Revenue Structure Spa & Wellness 89% Hotel & Restaurant 5% Spa Product 4% Others 2% Stock Information mai / SERVICE Closing price SPA mai index 11.00 8.00 5.00 562.00 487.33 412.67 338.00 3-4-23 7-7-23 4-10-23 4-1-24 29-3-24 as of 29/03/24 SPA SERVICE mai P/E (X) 33.21 111.30 109.40 P/BV (X) 12.24 2.64 2.11 Dividend yield (%) 0.11 1.89 1.80 29/03/24 28/12/23 30/12/22 Market Cap (MB) 11,029.50 9,918.00 10,089.00 Price (B/Share) 12.90 11.60 11.80 P/E (X) 33.21 48.21 - P/BV (X) 12.24 13.03 19.52 CG Report: Company Rating: Major Shareholders as of 12/03/2024 นาย วิบูลย์อุตสาหจิต (11.21%) นาย ประเสริฐ จิราวรรณสถิตย์(9.72%) MRS. PRANEE SUPHAWATANAKIAT (8.51%) นาง ฐานิศร์อมรธีรสรรค์(7.94%) MR. NARUN WIWATTANAKRAI (3.55%) Others (59.07%) Company Information and Contact http://www.siamwellnessgroup.com [email protected] 0-2641-6619-20 565, 567 B.U. Place Building, 22nd Floor, Soi Suthiporn Prachasongkroh Road, Dindaeng Sub-district, Dindaeng District Bangkok 10400 Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp? txtSymbol=SPA Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel. Published on 14/06/2024 98


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