LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2017 2 2. Economic Situation The Thai economic activity in the third quarter of 2 0 1 7 continued to expand. Export–oriented manufacturing businesses

holding shares in the Greater China Project, the Group nevertheless benefits from manufacturing and exporting our products to our trade partner in the People’s Republic of China for marketing for the

October 2023. • In Sep-23, AWN entered into 13-year agreements with NT for providing telecommunication equipment rental of 13,500 sites to NT to provide 5G mobile service on NT’s 700 MHz spectrum and for

sales recognition from Long Quan Safe Food JSC (LQSF), Vietnam. If excluding LQSF, export Branded Business sales still increased 31% YoY.  Total Contract Manufacturing Business (CMG) sales decreased 13

Head office pick up • OEM/Food Manufacturing under the Company’s trademark or per customers’ demand Dessert Café and Beverages Non-Café 2 • Catering services such as parties, wedding receptions

of operations of the Group The Group has principally engage in distribution of product and equipment, design, assembly and installation, and maintenance service of pure water treatment system

summary as follows:- 1. Nature of operations of the Group The Group has principally engage in distribution of product and equipment, design, assembly and installation, and maintenance service of pure water

/2018 Personnel expenses 6,563 9,111 6,670 (28.0)% (1.6)% Directors’ remuneration 34 53 35 (35.8)% (2.9)% Premises and equipment expenses 2,738 3,029 2,223 (9.6)% 23.2% Taxes and duties 816 853 862 (4.3

(%) Personnel expenses 6,676 6,563 6,463 1.7% 3.3% 13,239 13,133 0.8% Directors’ remuneration 54 34 46 58.8% 17.4% 89 81 9.9% Premises and equipment expenses 3,147 2,738 2,960 14.9% 6.3% 5,885 5,183 13.5% Taxes

dividend income and gains on tradings and foreign exchange transactions increased. Operating expenses rose by Baht 782 million from higher premises and equipment expenses. Impairment loss of loans and debt