statement adjustment in accordance with new Thai accounting standards, and higher cost of goods sold and higher depreciation as previously described. Q1/2019 Selling Expenses The Company and its subsidiaries

assign a new distributor while the contract was still applicable. After the termination, the Company stipulated a new policy to engage in distributing products for the channel itself starting July 2019

, which increased by 0.5% compared to the same period of last year. The advertising revenue from TV business decreased 5% and New Media increased 46% whereas, revenue from Radio business decreased 39%. 2

period of 2017 was Baht 433.45 million, which increased by 11% compared to the same period of last year. The advertising revenue from TV business increased 4% and New Media increased 67% whereas, revenue

peripherals such as hard disk drives and PCBA products as compared to previous year. 2. Cost of sales For the year 2018, the Company’s cost of goods sold was Bt. 107,611.73 million or 95.26% of sale revenues

Company’s cost of goods sold was Bt. 23,811.03 million or 96.83% of sale revenues which decreased from 94.80% in year 2017, and the gross margin decreased from 5.20% in 2017 to 3.17% in 2018. The decrease of

2019. The main reasons were:  Cost of goods sold was Baht 23.47 million, increasing of 45.50 % due to lots of new book titles book published and increased in numbers of provision of obsolete stocks

sales channels and new services in parallel to the ‘New Way of Life’ or ‘New and Now Normal’. To stabilize our businesses and retain financial flexibility, cost reduction was one of our measures. The

another to falsify documents and make false entries of revenues from sales in SINGHA?s 2007 financial statements in a total amount of 543.3 million baht or 47.3 percent of the total of goods sold. This

, the Company and its subsidiary recorded total sales of Baht 1,361 million, a decrease of 10% YoY, following a drop in export CMG and export branded. However, domestic CMG grew outstandingly from new