, primarily due to fair value adjustments on investment property at THB 794m realized in 9M18. For 3Q19, the Company reported total revenue of THB 3,520m, grew by 94% YoY. 275% growth in revenue from sales of

fully repaid in November 2019 from the net proceeds of SHR’s IPO, an increase in income tax expense due to growth in transfer value of residential project as well as fair value adjustments on investment

enhancements benefitting both the top and bottom line as we expect 2020 to be a more successful year” 2. Outlook Economic growth was approximately 1.6% in Q4 2019 compared to the same period last year with

Thailand has also indicated more optimism by revising upwards their GDP growth forecast for 2017 to 3.5% from 3.2% that was estimated at end of 2016. 1 The Nielsen Company (Thailand) Co,.ltd. 2 The Bank of

22.68% of the same period of previous year). The profit margin increased from the same period of previous year mainly because the significant growth in revenue. Due to large portion of fixed costs, the

business expansion, to accommodate future growth related to automotive parts and accessories in India. - 2 - According to Shareholding Structure in the Joint Venture Company ALP FPI PARTS PRIVATE LIMITED

sector. Moreover, Thailand is expected to hold a general election in November 2018, therefore directly supporting the media industry overall. We reiterate the revenue growth forecast for the Company at 20

its overseas subsidiaries’ operation as well as continuing marketing and managing expense to support existing customers despite of reduced in sales growth as compared. 4. Financial Cost For the third

of 30 September 2017 To : Managing Director Stock Exchange of Thailand Ekachai Medical Care Public Company Limited (the “Company”) would like to clarify on the operating results for the nine-month

31 กรกฎคม 2545 HPIR016/2017 November 13, 2017 Subject : Management Discussion and Analysis for the period ended September 30, 2017 To : The President The Stock Exchange of Thailand Duplicate : The