welfare, Tax deduction for domestic tour package and shopping. As of November 30, 2017, the Company’s total cards reached 8.06 million cards (including 2.48 million credit cards and 5.58 million member

Discussion & Analysis (MD&A) Q4/2017 and FY2017 3 • Q4/2017 and FY2017 market environment Thailand’s Gross Domestic Product (GDP) has grew by 3.9% in 2017 which exceeds the 2016 by 0.7%, after recovering in

bidding system. 1.2 Electricity industry in Asia-Pacific countries EGCO is fully aware of the limited growth prospect in domestic electricity industry. Therefore, EGCO determines business strategies to

the lockdown measures both in domestic and foreign, resulting in the resumed economic activity. The government expenditure continued to expand both in current expenditure and capital expenditure. Those

dishonest business practice, or the law on anti-money laundering, regardless of whether such laws are domestic legislations or foreign legislations. It also shall have no record indicating frauds, dishonesty

or dishonest business practice, or the law on anti-money laundering, regardless of whether such laws are domestic legislations or foreign legislations. It also shall have no record indicating frauds

. Domestic demand continued to expand from private consumption and public spending, while private investment contracted especially in real estate sector in line with decline in the supply of new real estate

, the Company and subsidiaries’ selling expense were 6.46 million Baht and 1.63 million Baht in the 2nd quarter of 2018 which increased by 4.83 million Baht or by 296.80% which consist of domestic freight

is accepted by both domestic and international markets as a standard manufacturer of instant products. The investment rationale aligns with the company’s long-term business strategy to diversify its

freight service was decreased by THB 1.22 million or 8.18% in the 1st quarter of 2018 from the 1st quarter of 2017. Selling expenses The Company and its subsidiaries’ selling expense consist of domestic