strategy, the increase in the gross profit margin of house brand products, and more efficient cost management. 3. Selling and administrative expenses was Baht 484.33 million, a decrease of Baht 14.33 million

million or 36.70%. (3) Golf Course and Property Management Business Since the opening of the new club house in February 2018, the new club house increased the Company’ s competitive advantage in services of

1 Ref. FN. 033/2018 Management Discussion and Analysis For operation of the second quarter of year 2018 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

Ref. FN. 040/2017 Management Discussion and Analysis For operation of the third quarter of year 2017 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

list of asset that an investor would be able to exchange with ETF units according to the requirements of such ETF . “ exchanging in-kind ” means entering into the following transactions with a management

units by accepting assets as a redemption under the requirement of such ETF. “management company” means a securities company licensed to undertake securities business in the category of mutual fund

with ETF units according to the requirements of such ETF. “exchanging in-kind” means entering into the following transactions with a management company or the issuer of ETF units, as the case may be: (1

profit sharing in joint-venture by equity method of Baht 2.65 million increased from last year by Baht 1.25 million (2018: profit amounting of Baht 1.41 million). 15th Floor, Regent House Building, 183

, respectively to facilitate the expansion of VH management services in Thailand 14 May 2018: VI acquired shares in Vienna House Asia Limited, a JV company between VI and Absolute Hotel Services Hong Kong with a

EVENTS 4 September 2018: Vienna House partners with major hotel developer. Vienna International hotelmanagement AG (Vienna House) has acquired a 50% stake in UBM+VH Hotels GmbH (UBM JV) for EUR 2.65mn or