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22.2 Basis of consolidation a) The consolidated financial statements include the financial statements of Super TurtlePublic Company Limited (%u201cthe Company%u201d) and the following subsidiaries (%u201cthe subsidiaries%u201d)(collectively as %u201cthe Group%u201d).Company%u2019s name Nature of businessCountry of incorporationPercentage of shareholdings2025 2024Nation Global Edutainment Company LimitedPublishing and distributing books Thailand 100 100Groupwork Company Limited Rental of merchandising space on BTS Skytrain stationsThailand 100 100b) 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) The financial statements of the subsidiaries are prepared using the same significant accounting policies as the Company.e) Material balances and transactions between the Group have been eliminated from the consolidated financial statements.2.3 The separate financial statements present investments in subsidiaries and joint venture under the cost method less allowance for impairment (if any).3. New financial reporting standards that will become effective for fiscal years beginning onor after 1 January 2025The Federation of Accounting Professions issued a number of revised financial reporting standards, which are effective for fiscal years beginning on or after 1 January 2025. 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.The management of the Group believes that adoption of these amendments will not have any significant impact on the Group%u2019s financial statements.Super Turtle Public Company Limited 118Introduction Nature of Business Business Performance Corporate Information Corporate Governance Financial Report Attachment