Page 188 - Demo

Super Turtle Public Company Limited 186Introduction Nature of Business Business Performance Corporate Information Corporate Governance Financial Report AttachmentAs at 31 March 2025, the Company recorded investments in subsidiaries, associate and joint venture based on cost method as described below.Company Name Paid-up Capital (THB Million)% of InvestmentCost Value (THB Million)Investment in subsidiariesNation Global Edutainment Company Limited 226.00 100.00 189.40Groupwork Company Limited 6.25 100.00 110.00Total 299.40Investment in associateHivebox (Thailand) Company Limited 100.00 18.00 18.00Total 18.00Investment in joint ventureSuperRich Turtle Exchange Company Limited 40.00 50.00 20.00Total 20.005. Credit Term Policy The average credit terms provided to the business partners and/or the customers by the Group are ranged between 10 days to 30 days for leasing business and 30 days to 60 days for publishing business. On the other hand, the average credit terms, obtained by the Group from its business partners are ranged between 7 days to 45 days for products to be sold under the retail business and 45 days to 60 days for publishing business.