unused land of Baht 63.30 million (before reduction of corporate income tax) despite the increase selling and administrative expenses excluding depreciation of 10.25 percent. Earnings Efficiency Return on

34,251 Warrants 14 14 Additional (Discount) paid in capital: Share discount (10,163) (10,163) Premium on capital reduction 206 206 Retained earnings (deficit) Appropriated: Legal reserve 764 764

other expenses are high even though the subsidiaries Will consider the manpower reduction in the past 2016, which, if reducing the number of people Will affect the efficiency of the operation 1.4. The

result of internal organizational restructuring. 1.3. Expenditure on staff various welfare and other expenses are high even though the subsidiaries will consider the manpower reduction in the past 2016

dividends distributed by promoted companies are exempt from income tax during the exempt period  Additional 5-year 50% reduction of corporate income tax  Double deductions from the costs of transportation

% reduction of corporate income tax  Double deductions from the costs of transportation, electricity and water supply for 15 years  Additional 25% deduction of the cost of installation or construction of

and cash equivalents of THB 60mm, 3) a reduction in investments in associates of THB 37mn from the change in investment status of Landy and 4) a decrease in other non-current assets of THB 27mn. The

THB 13.6 mm or 7.9%, mainly due to the dividend received from HREIT during 2017 versus net cash paid from HREIT was in the form of capital reduction during 2018.  Other income for 3 months and 6 months

during 2017 versus net cash paid from HREIT was in the form of capital reduction during 2018.  Other income for 3 months and 6 months ended the second quarter of 2018 stood at THB 72.5 mm and THB 151.6 mm

net reduction in short-term loans of THB 681.7 million, lower payables and accruals of THB 526.7 million, and a decline in liabilities classified as held for sale (THB 401.3 million) post-divestment of