E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained

. Data from the Bank of Thailand indicate that the land price index in Thailand grows continuously, with an average growth rate of 6.15 percent during 2008 - 2018. Moreover, the Agency for Real Estate

. Governing law Thai law 7. Approved the expansion of the flexible packaging business in the amount of Baht 75 million, comprising the construction of a factory warehouse at Baht 35 million and the purchase of

unless deposits are demanded without interest. 8. Governing law Thai law 7. Approved the expansion of the flexible packaging business in the amount of Baht 75 million, comprising the construction of a

; □ (2.3) Personnel planning for business expansion (if any). In the case where no personnel has been hired, the applicant shall submit the criteria for qualifications of such position. □ 5. Other supporting

business expansion (if any). In the case where no personnel has been hired, the applicant shall submit the criteria for qualifications of such position. □ 5. Other supporting documents. Please specify (If

long-term revenue and benefit for the Company which shall encourage the Company’s operation. Moreover, this is counted for the expansion in renewable energy business in order to reduce business risk and

34.4mn increased in administrative expenses was because the Company is in an expansion period. In 1H19, the Company’s distribution costs and administrative expenses was THB 494.2mn, increased by THB

food which famous and being accepted from people around the world. The Company has an expansion plan to open hotel under brand “Hotel Kitch” in major tourist cities in Thailand soon. For the development

expenses, which increased according to the increasing in number of employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new project