Microsoft Word - Ref FPI.028.2017.doc Ref. FPI.028/2017 9 November 2017 Subject : Management Discussion & Analysis of Performance Results of Quarter 3/2017 To : Board of Directors and President of

efficiency. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Revenue Major revenue of The Group mainly came from revenue from steel tower manufacturing and revenue from sales of electricity. In

held for sale. UWC plan to reinvest the proceeds in a higher return business to accommodate growth and streamline the company’s efficiency. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS

of a reduction in occupancy of Laguna Phuket hotels. The occupancy was adversely impacted by renovations and constructions within and around some of the Laguna Phuket hotels, the strong Thai Baht, and

were Baht 373.3 million (Q2/2018: Baht 489.1 million) which decreased by Baht 115.8 million or decreased 23.7 percent. The main reasons were a decrease in dividend income due to the reduction in dividend

decrease in revenue. However, management will put the great efforts to reduce such effects by restructuring of the Group's operations to serve the change of consumer behavior according to the current

like to submit the financial statements in 2018 of the Company and subsidiary companies as well as the performance report as follows: L.P.N. Development Public Co., Ltd. and subsidiary companies operate

(“Company”) and its subsidiaries (“The Group”) would like to clarify operating results for the 3rd quarter of 2019 as follows: 1. Performance Analysis 2019 2018 % 2019 2018 % Revenue from steel tower

Co., Ltd. would like to submit the financial statement of the Company and subsidiary companies in Q2/2017 and present the details of the performance of the Company as follows: L.P.N. Development Public

consumption. Private investment also contracted due to a decline in both domestic and foreign demand. Meanwhile, businesses must maintain liquidity to cope with future uncertainty. Against this backdrop