Common use of BASIS FOR PREPARATION OF FINANCIAL STATEMENTS Clause in Contracts

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 2020. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Financial reporting standards that became effective in the current period During the period, the Company and its subsidiaries have adopted the revised financial reporting standards and interpretations which are effective for fiscal years beginning on or after January 1, 2021. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing accounting guidance for users of the standards. The adoption of these financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 Financial reporting standards that will become effective in the future The Federation of Accounting Professions has revised TFRS 16 leases and published in the Government Gazette on January 27, 2021. There is added the requirements for the temporary exception arising from interest rate benchmark reform, which an entity shall apply these amendments for annual reporting periods beginning on or after January 1, 2022 with earlier application permitted. The management of the Company and its subsidiaries are currently evaluating the impact of these standards to the financial statements in the year when they are adopted.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 3.1 Basis for the preparation The Preparation of interim financial statements Interim Financial Statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20202021. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 3.2 Financial reporting standards that became effective in the current period During the period, the Company and its subsidiaries have Group has adopted the revised financial reporting standards and interpretations which are effective for fiscal years beginning on or after January 1, 20212022. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing accounting guidance for users of the standards. The adoption of these financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 3.3 Revised Financial reporting standards Reporting Standards that will become effective in the future The Federation of Accounting Professions has revised TFRS 16 leases and published in the Government Gazette on January 27, 2021. There is added the requirements for the temporary exception arising from interest rate benchmark reform, which an entity shall apply these amendments for annual reporting periods financial statements with the accounting period beginning on or after January 1, 2022 2023 The Federation of Accounting Professions has announced to apply several revised financial reporting standards in the Royal Gazette. This will become effective for the financial statements with earlier application permittedthe accounting period beginning on or after January 1, 2023. This revision is for the financial reporting standards to be clearer and more appropriate and to conform with international financial reporting standards. Such revision does not affect the principles of the standards and does not affect the users of the financial reporting standards adopted before 2023. The management of the Company and its subsidiaries are currently evaluating Group believe that this revision of the impact standards will not significantly affect the financial statements. 3.4 New Financial Reporting Standards The Federation of these Accounting Professions has announced to apply the Financial Reporting Standard No.17 on “Insurance Contract” in the Royal Gazette. This standard requires to comply with the defined criteria of the international reporting standards including various related improvements. The effective date is to apply on the financial statements in for the year when they are adoptedaccounting period beginning on or after January 1, 2025.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 2020. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Financial reporting standards that became effective in the current period During the period, the Company and its subsidiaries have has adopted the revised financial reporting standards and interpretations which are effective for fiscal years beginning on or after January 1, 2021. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing accounting guidance for users of the standards. However, COVID-19 Related Rent Concessions beyond June 30, 2021 were adjusted in the financial reporting standard No.16 lease effective from April 1, 2021. Therefore, it is permitted for the company to adopt before the effective date. Such adjustment is a relief of practice, the lessee does not necessarily have to assess that the consent to reduce the rent is a change of lease agreement or not. The consent to reduce the rent is a direct result of the Coronavirus 2019 pandemic (COVID-19) and that falls under the condition specified (revised paragraph 46 khor.2 from formerly June 30, 2021 to June 30, 2022). The recording of the consent to reduce the rent is as if “not a change of the lease”, which during the period, the Federation of Accounting Professions has issued and published in the Government Gazette. The adoption of these financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 Financial reporting standards that will become effective in the future The Federation of Accounting Professions has issued several revised TFRS 16 leases financial reporting standards and has been published in the Government Gazette on January 27, 2021. There is added the requirements for the temporary exception arising from interest rate benchmark reformGazette, which an entity shall apply these amendments are effective for annual reporting periods fiscal years beginning on or after 1 January 12022. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and for some financial reporting standards, 2022 with earlier application permittedproviding temporary reliefs or temporary exemptions for users. The management of the Company and its subsidiaries are is currently evaluating the impact of these standards to the financial statements in the year when they are adopted.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 3.1 Basis for the preparation The Preparation of interim financial statements Interim Financial Statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20202023. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 3.2 Financial reporting standards that became effective in the current period During the period, the Company and its subsidiaries have Group has adopted the revised financial reporting standards 2023, This adjustment is an adjustment for the financial reporting standards to be clearer and interpretations which are more appropriate. This is effective for fiscal years the financial statements for the accounting period beginning on or after January 1, 2021. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing accounting guidance for users of the standards2024. The adoption of these financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 Financial 3.3 Revised financial reporting standards that will become effective to be applied in the future The Federation of Accounting Professions has announced to apply the revised TFRS 16 leases financial reporting standards 2024 and published it was announced in the Government Royal Gazette on January 27September 17, 2021. There is added 2024 on 4 editions, which are revised in accordance with the requirements International Financial Reporting Standards, (Bound Volume 2024 Consolidated without early application), which are effective for the temporary exception arising from interest rate benchmark reform, which an entity shall apply these amendments financial statements for annual reporting periods the accounting period beginning on or after January 1, 2022 with earlier application permitted2025. The management Management of the Company Group have assessed and its subsidiaries are currently evaluating the impact of these standards to believed that this revision will not significantly affect the financial statements in the year when they are adoptedthat such standard is applied.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20202021. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Financial reporting standards that became effective in the current period During the period, the Company and its subsidiaries Group have adopted the revised financial reporting standards and interpretations standards, which are effective for fiscal years beginning on or after January 1, 20212022. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing practices, accounting guidance and disclosures in the notes to the financial statements and, for some standards, providing temporary reliefs or temporary exemptions to users of the standards. The adoption of these financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 Financial During the year, the Group has adjusted the previous period's financial statements on the record for revenue recognition of construction contracts to be consistant with the financial reporting standards standard No.15 : Revenue from contract entered with customer related to work that will become effective in customer has controlling power when the future asset arises. The Federation Group has summarised the cumulative effect from accounting adjustment on revenue recognition from construction contracts. The Group has restated the previous period's financial statements presented for comparative purpose as if the Group has always recorded the revenue recognition on construction contracts from the beginning. The effect on the comprehensive statement of Accounting Professions has revised TFRS 16 leases and published in income are as follows: For the Government Gazette on January 27three-month periods ended March 31, 2021. There is added the requirements 2021 Consolidated financial statements Separate financial statements Construction services income decrease (33,349) (79,938) Cost of construction services decrease (33,093) (74,511) Income tax income (expenses) increase (decrease) (291) 321 Profit (loss) for the temporary exception arising from interest rate benchmark reform, which an entity shall apply these amendments for annual reporting periods beginning on or after January 1, 2022 with earlier application permitted. The management of the Company and its subsidiaries are currently evaluating the impact of these standards to the increase (547) (5,106) Basic earnings (loss) per share decrease (Baht per share) (0.0001) (0.0005) Consolidated financial statements in For the year when they are adopted.three-month periods ended March 31, 2021 As previously reported Adjustmentincrease (decrease) After adjustment Construction services income 1,185,022 (33,349) 1,151,673 Cost of construction services 1,237,883 (33,093) 1,204,790 Income tax income (expenses) 1,892 (291) 1,601 Profit (loss) for the period (109,947) (547) (110,494) Separate financial statements For the three-month periods ended March 31, 2021 As previously reported Adjustmentincrease (decrease) After adjustment Construction services income 640,740 (79,938) 560,802 Cost of construction services 725,013 (74,511) 650,502 Income tax income (expenses) 12,321 321 12,642 Profit (loss) for the period (118,752) (5,106) (123,858)

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 2020. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Financial reporting standards that became effective in the current period During the period, the Company and its subsidiaries Group have adopted the revised financial reporting standards and interpretations which are effective for fiscal years beginning on or after January 1, 2021. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing accounting guidance for users of the standards. However, COVID-19 Related Rent Concessions beyond June 30, 2021 were adjusted in the financial reporting standard No.16 lease effective from April 1, 2021. Therefore, it is permitted for the company to adopt before the effective date. Such adjustment is a relief of practice, the lessee does not necessarily have to assess that the consent to reduce the rent is a change of lease agreement or not. The consent to reduce the rent is a direct result of the Coronavirus 2019 pandemic (COVID-19) and that falls under the condition specified (revised paragraph 46 khor.2 from formerly June 30, 2021 to June 30, 2022). The recording of the consent to reduce the rent is as if “not a change of the lease”, which during the period, the Federation of Accounting Professions has issued and published in the Government Gazette. The adoption of these financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 Financial reporting standards that will become effective in the future The Federation of Accounting Professions has issued several revised TFRS 16 leases financial reporting standards and has been published in the Government Gazette on January 27, 2021. There is added the requirements for the temporary exception arising from interest rate benchmark reformGazette, which an entity shall apply these amendments are effective for annual reporting periods fiscal years beginning on or after 1 January 12022. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and for some financial reporting standards, 2022 with earlier application permittedproviding temporary reliefs or temporary exemptions for users. The management of the Company and its subsidiaries Group are currently evaluating the impact of these standards to the financial statements in the year when they are adopted.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20202021. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Basis of consolidated interim financial statements preparation a) The consolidated interim financial statements include the interim financial statements of Intermedical Care and Lab Hospital Public Company Limited and its subsidiaries are as follows:- Name of Subsidiaries Type of business Head office As at March As at December 1. Accusfas Lab Center Co., Ltd. Providing environmental analysis service 2. Suksawat Medical Co., Ltd. Hospital and clinic Bangkok 99.99 99.99 b) The Company is deemed to have control over an investee or subsidiaries if it has rights, or is exposed, to variable returns from its involvement with the investee, and it has the ability to direct the activities that affect the amount of its returns. c) Subsidiaries are fully consolidated, being the date on which the Company obtains control, and continue to be consolidated until the date when such control ceases. d) These consolidated financial statements are prepared by including the financial statements of its subsidiaries under control by Intermadical Care And Lab Hospital Public Company Limited after eliminating inter-company transactions between Intermadical Care And Lab Hospital Public Company Limited and its subsidiaries. Investment in the subsidiaries and the shareholders’ equity of the subsidiaries has been eliminated from the consolidated financial statements. e) Accounting policy for subsidiary company will utilize the same policy as the parent company. f) Non-controlling interests represent the portion of profit or loss and net assets of the subsidiaries that are not held by the Company and are presented separately from the portion of owners of the parent. 2.3 The Company prepared the separate interim financial statements which presented investments in subsidiaries under the cost method. 2.4 Financial reporting standards that became effective in the current period During the period, the Company and its subsidiaries have adopted the revised financial reporting standards and interpretations standards, which are effective for fiscal years beginning on or after January 1, 20212022. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing practices, accounting guidance and disclosures in the notes to the financial statements and, for some standards, providing temporary reliefs or temporary exemptions to users of the standards. The adoption of these financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 Financial reporting standards that will become effective in the future The Federation of Accounting Professions has revised TFRS 16 leases and published in the Government Gazette on January 27, 2021. There is added the requirements for the temporary exception arising from interest rate benchmark reform, which an entity shall apply these amendments for annual reporting periods beginning on or after January 1, 2022 with earlier application permitted. The management of the Company and its subsidiaries are currently evaluating the impact of these standards to the financial statements in the year when they are adopted.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 2020. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Financial reporting standards that became effective in the current period During the period, the Company and its subsidiaries Group have adopted the revised financial reporting standards and interpretations which are effective for fiscal years beginning on or after January 1, 2021. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing accounting guidance for users of the standards. However, COVID-19 Related Rent Concessions beyond June 30, 2021 were adjusted in the financial reporting standard No.16 lease effective from April 1, 2021. Therefore, it is permitted for the company to adopt before the effective date. Such adjustment is a relief of practice, the lessee does not necessarily have to assess that the consent to reduce the rent is a change of lease agreement or not. The consent to reduce the rent is a direct result of the Coronavirus 2019 pandemic (COVID-19) and that falls under the condition specified (revised paragraph 46 khor.2 from formerly June 30, 2021 to June 30, 2022). The recording of the consent to reduce the rent is as if “not a change of the lease”, which during the period, the Federation of Accounting Professions has issued and published in the Government Gazette.‌‌ The adoption of these financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 Financial reporting standards that will become effective in the future The Federation of Accounting Professions has issued several revised TFRS 16 leases financial reporting standards and has been published in the Government Gazette on January 27, 2021. There is added the requirements for the temporary exception arising from interest rate benchmark reformGazette, which an entity shall apply these amendments are effective for annual reporting periods fiscal years beginning on or after 1 January 12022. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and for some financial reporting standards, 2022 with earlier application permittedproviding temporary reliefs or temporary exemptions for users. The management of the Company and its subsidiaries Group are currently evaluating the impact of these standards to the financial statements in the year when they are adopted.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20202019. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Financial reporting standards that became effective in the current period year During the periodyear, the Company and its subsidiaries have has adopted the revised and new financial reporting standards standards, interpretations and interpretations the accounting guidance, which are effective for fiscal years beginning on or after January 1, 20212020. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing accounting guidance for users of the standards. The adoption Except, the new standard involves changes to key principles, as summarized below. A set of these TFRSs related to financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 Financial reporting standards that will become effective in the future The Federation of Accounting Professions has revised TFRS 16 leases and published in the Government Gazette on January 27, 2021. There is added the requirements for the temporary exception arising from interest rate benchmark reforminstruments, which an entity shall apply these amendments for annual reporting periods beginning on consists of five accounting standards and interpretations, as follows: TFRS 7 Financial Instruments: Disclosures TFRS 9 Financial Instruments TAS 32 Financial Instruments: Presentation TFRIC 16 Xxxxxx of a Net Investment in a Foreign Operation TFRIC 19 Extinguishing Financial Liabilities with Equity Instruments These TFRSs related to financial instruments make stipulations relating to the classification of financial instruments and their measurement at fair value or after January 1amortized cost (taking into account the type of instrument, 2022 with earlier application permitted. The management the characteristics of the Company contractual cash flows and its subsidiaries the Company’s business model), calculation of impairment using the expected credit loss method, and hedge accounting. These include stipulations regarding the presentation and disclosure of financial instruments. When the TFRSs related to financial instruments are effective, some accounting standards, interpretations and guidance which are currently evaluating the impact of these standards to the financial statements in the year when they are adoptedeffective will be cancelled.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 3.1 Basis for the preparation The Preparation of interim financial statements Interim Financial Statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20202022. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 3.2 Financial reporting standards that became effective in the current period During the period, the Company and its subsidiaries have Group has adopted the revised financial reporting standards and interpretations standards, which are effective for fiscal years beginning on or after January 1, 20212023. These This revision is for the financial reporting standards were aimed at alignment to be clearer and more appropriate and to conform with international financial reporting standards. Such revision does not affect the corresponding International Financial Reporting Standards with most principles of the changes directed towards clarifying accounting treatment standards and providing accounting guidance for does not affect the users of the financial reporting standards. The adoption of these financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 Financial 3.3 Revised financial reporting standards that will become effective to be applied in the future The Federation of Accounting Professions has announced to apply the revised TFRS 16 leases financial reporting standards 2023 and published it was announced in the Government Royal Gazette on January 27August 8, 20212023 on altogether 4 topics: definition of the accounting estimates, disclosure of information of the accounting policy, deferred income tax related to assets and liabilities arising from one transaction and other adjustments due to the change of the Accounting Standard No. There 17 “Insurance Contracts”. This adjustment is added the requirements an adjustment for the temporary exception arising from interest rate benchmark reform, which an entity shall apply these amendments financial reporting standards to be clearer and more appropriate. This is effective for annual reporting periods the financial statements for the accounting period beginning on or after January 1, 2022 with earlier application permitted2024. The management Management of the Company Group have assessed and its subsidiaries are currently evaluating the impact of these standards to believed that this revision will not significantly affect the financial statements in the year when they are adoptedthat such standard is applied.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20202019. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Financial reporting standards that became effective in the current period year During the period, the Company and its subsidiaries have has adopted the revised and new financial reporting standards standards, interpretations and interpretations the accounting guidance, which are effective for fiscal years beginning on or after January 1, 20212020. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing accounting guidance for users of the standards. The adoption Except, the new standard involves changes to key principles, as summarized below. A set of these TFRSs related to financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 Financial reporting standards that will become effective in the future The Federation of Accounting Professions has revised TFRS 16 leases and published in the Government Gazette on January 27, 2021. There is added the requirements for the temporary exception arising from interest rate benchmark reforminstruments, which an entity shall apply these amendments for annual reporting periods beginning on consists of five accounting standards and interpretations, as follows: TFRS 7 Financial Instruments: Disclosures TFRS 9 Financial Instruments TAS 32 Financial Instruments: Presentation TFRIC 16 Xxxxxx of a Net Investment in a Foreign Operation TFRIC 19 Extinguishing Financial Liabilities with Equity Instruments These TFRSs related to financial instruments make stipulations relating to the classification of financial instruments and their measurement at fair value or after January 1amortized cost (taking into account the type of instrument, 2022 with earlier application permitted. The management the characteristics of the Company contractual cash flows and its subsidiaries the Company’s business model), calculation of impairment using the expected credit loss method, and hedge accounting. These include stipulations regarding the presentation and disclosure of financial instruments. When the TFRSs related to financial instruments are effective, some accounting standards, interpretations and guidance which are currently evaluating the impact of these standards to the financial statements in the year when they are adoptedeffective is cancelled.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 3.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “(revised 2018) Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20202018. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 3.2 Thai Financial reporting standards Reporting Standards that became become effective in the current period year During the period, the Company and its subsidiaries have adopted the revised and new financial reporting standards and interpretations (revised 2018) including new accounting treatment guidance, which are effective for fiscal years beginning on or after January 1, 20212019. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes and clarifications directed towards clarifying accounting treatment and providing accounting guidance for users of disclosures in the standardsnotes to financial statements. The adoption of these financial reporting standards does not have any significant impact on the Company and its subsidiaries’ financial statements statements. However, the new standard involves changes to key principles, as summarized below. TFRS 15 supersedes TAS 11 Construction Contracts and TAS 18 Revenue, together with related Interpretations. Entities are to apply this standard to all contracts with customers unless those contracts fall within the scope of other standards. The standard establishes a five-step model to account for revenue arising from contracts with customers, with revenue being recognized at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer. The standard requires entities to exercise judgement, taking into consideration all of the current periodrelevant facts and circumstances when applying each step of the model. 2.3 3.3 Financial reporting standards that will become effective in the future The During the period, the Federation of Accounting Professions has revised TFRS 16 leases issued the financial reporting standard and published in the Government Gazette on January 27, 2021. There is added the requirements accounting guidance for the temporary exception arising from interest rate benchmark reformfinancial instruments, which an entity shall apply these amendments is effective for annual reporting periods fiscal years beginning on or after January 1, 2022 with earlier application permitted2020. Key principles of these standards are summarized below. The accounting guidance for financial instruments and Presentation for Insurance business Accounting practice was adjusted to have close content with TFRS 9 by dividing into 4 parts as follows: 1. The recognition of transaction and valuation of financial instrument which is developed closely to Thai Accounting Standard No.105 (revised 2016) accounting for investment in debt securities and equity securities and Thai Financial Reporting Standard No.9 financial instrument. 2. Impairment of financial asset which has content close to Thai Financial Reporting Standard No.9 financial instrument. 3. Accounting to prevent risk with content close to Thai Financial Reporting Standard No.9 financial instrument. 4. Information disclosure of financial instrument with content similar to Thai Financial Reporting Standard No.7 disclosure of financial instrument information. As the lease is significant transaction in many business in many industries. It’s significant that user of financial statement should receive information on activity of the lease completely and able to compare which the former accounting method for lease agreement under accounting standard No.17 regarding lease agreement require the lessee and lessor to classify lease agreement as financial lease or operating lease and record the account for both lease agreement differently. Such accounting method can’t respond to the needs of the financial statement users as the accounting method does not objectively represent for the lease transaction in every case. For the lessee to recognize assets and liabilities that arise from operating lease which affects the lease agreement to be recognized as asset and liabilities in the statement of financial position. The use of asset and commitment that arises from the lease agreement under the definition of asset and liabilities affect the significant financial ratio to be distorted. New accounting method under the financial reporting standards No.16 lease agreement requires the lessee to recognize the right to use asset as asset in the financial statements and recognize commitment that arises from lease agreement in the financial statements. Such accounting method affects the asset presentation and liabilities of the lessee as objective representation as well as increase the disclosure of information that reflects the financial risk and capital money of the lessee. At present, the management of the Company and its subsidiaries are currently evaluating the impact of these standards this standard to the financial statements in the year when they are it is adopted. 3.4 Reporting currency in interim financial information These interim financial information are presented in Thai Baht which is different from the functional currency of the Company, which is Japanese Yen (JPY). The presentation is in Thai Baht in accordance with the regulatory requirements in Thailand. The JPY functional currency interim financial information are translated into the Thai Baht presentation currency interim financial information at the rate of exchange prevailing at the end of reporting period in respect of assets and liabilities, and at a rate that approximates the actual rate at the date of the transaction in respect of revenues and expenses, differences arising from currency translations have been shown as “Exchange differences on translating financial statements” in the statements of comprehensive income and included under “Other components of shareholders’ equity” in the statements of financial position. 3.5 Use of estimates and judgments by the management The preparation of interim financial information in conformity with TFRS issued by the Federation of Accounting Professions and accounting practices generally accepted in Thailand also requires the Company’s management to exercise judgments in order to determine the accounting policies, estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. The estimates and associated assumptions are based on factors that are considered to be relevant. Although these estimates are based on management’s reasonable consideration of current events, actual results may differ from these estimates.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 3.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “(revised 2018) Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20202018. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 3.2 Thai Financial reporting standards Reporting Standards that became become effective in the current period year During the period, the Company and its subsidiaries have adopted the revised and new financial reporting standards and interpretations (revised 2018) including new accounting treatment guidance, which are effective for fiscal years beginning on or after January 1, 20212019. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes and clarifications directed towards clarifying accounting treatment and providing accounting guidance for users of disclosures in the standardsnotes to financial statements. The adoption of these financial reporting standards does not have any significant impact on the Company and its subsidiaries’ financial statements statements. However, the new standard involves changes to key principles, as summarized below. TFRS 15 supersedes TAS 11 Construction Contracts and TAS 18 Revenue, together with related Interpretations. Entities are to apply this standard to all contracts with customers unless those contracts fall within the scope of other standards. The standard establishes a five-step model to account for revenue arising from contracts with customers, with revenue being recognized at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer. The standard requires entities to exercise judgement, taking into consideration all of the current periodrelevant facts and circumstances when applying each step of the model. 2.3 3.3 Financial reporting standards that will become effective in the future The During the period, the Federation of Accounting Professions has revised TFRS 16 leases issued the financial reporting standard and published in the Government Gazette on January 27, 2021. There is added the requirements accounting guidance for the temporary exception arising from interest rate benchmark reformfinancial instruments, which an entity shall apply these amendments is effective for annual reporting periods fiscal years beginning on or after January 1, 2022 with earlier application permitted2020. The management of the Company and its subsidiaries are currently evaluating the impact Key principles of these standards are summarized below. The accounting guidance for financial instruments and Presentation for Insurance business Accounting practice was adjusted to the have close content with TFRS 9 by dividing into 4 parts as follows: 1. The recognition of transaction and valuation of financial statements instrument which is developed closely to Thai Accounting Standard No.105 (revised 2016) accounting for investment in the year when they are adopteddebt securities and equity securities and Thai Financial Reporting Standard No.9 financial instrument. 2. Impairment of financial asset which has content close to Thai Financial Reporting Standard No.9 financial instrument. 3. Accounting to prevent risk with content close to Thai Financial Reporting Standard No.9 financial instrument. 4. Information disclosure of financial instrument with content similar to Thai Financial Reporting Standard No.7 disclosure of financial instrument information.

BASIS FOR PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20202021. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Basis of consolidated interim financial statements preparation a) The consolidated interim financial statements include the interim financial statements of Intermedical Care and Lab Hospital Public Company Limited and its subsidiaries are as follows:- Name of Subsidiaries Type of business Head office As at December 1. Accusfas Lab Center Co., Ltd. Providing environmental analysis service 2. Suksawat Medical Co., Ltd. Hospital and clinic Bangkok 99.99 99.99 b) The Company is deemed to have control over an investee or subsidiaries if it has rights, or is exposed, to variable returns from its involvement with the investee, and it has the ability to direct the activities that affect the amount of its returns. c) Subsidiaries are fully consolidated, being the date on which the Company obtains control, and continue to be consolidated until the date when such control ceases. d) These consolidated financial statements are prepared by including the financial statements of its subsidiaries under control by Intermadical Care And Lab Hospital Public Company Limited after eliminating inter-company transactions between Intermadical Care And Lab Hospital Public Company Limited and its subsidiaries. Investment in the subsidiaries and the shareholders’ equity of the subsidiaries has been eliminated from the consolidated financial statements. e) Accounting policy for subsidiary company will utilize the same policy as the parent company. f) Non-controlling interests represent the portion of profit or loss and net assets of the subsidiaries that are not held by the Company and are presented separately from the portion of owners of the parent. 2.3 The Company prepared the separate interim financial statements which presented investments in subsidiaries under the cost method. 2.4 Financial reporting standards that became effective in the current period During the period, the Company and its subsidiaries have adopted the revised financial reporting standards and interpretations standards, which are effective for fiscal years beginning on or after January 1, 20212022. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing practices, accounting guidance and disclosures in the notes to the financial statements and, for some standards, providing temporary reliefs or temporary exemptions to users of the standards. The adoption of these financial reporting standards does not have any significant impact on the financial statements in the current period. 2.3 Financial reporting standards that will become effective in the future The Federation of Accounting Professions has revised TFRS 16 leases and published in the Government Gazette on January 27, 2021. There is added the requirements for the temporary exception arising from interest rate benchmark reform, which an entity shall apply these amendments for annual reporting periods beginning on or after January 1, 2022 with earlier application permitted. The management of the Company and its subsidiaries are currently evaluating the impact of these standards to the financial statements in the year when they are adopted.