company. Clause 2. A securities company may appoint or allow another securities company’s executive to be or perform duty as its executive or advisor upon being granted approval from the Office on condition

be or perform duty as its executive or advisor upon being granted approval from the Office on condition that the securities company is able to demonstrate establishment of the organizational structure

buy land without interest) Sale and Purchase contract ordinary shares agreed to as per condition payment as follows; • Baht 10,000,000 at Contract Date as Deposit which is considered as part of the

borrow to buy land without interest) Sale and Purchase contract ordinary shares agreed to as per condition payment as follows; • Baht 10,000,000 at Contract Date as Deposit which is considered as part of

1 / 3 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS  Explanation and analysis of financial performance for the three-month period ended 31 March 2019

%) Less intercompany balance (0.2) (0.2) - - Revenue from sales 498 463 35 8% • As a results of downturn in economics condition and lower in tourists, sales revenue of Restaurant and Food Centre reduce. 2.2

, there was a consulting fees for the audit of the business condition and legal aspects of the subsidiary investment in the amount of Baht 1.15 million. 6.3 In the quarter 2/2018, there was a reversal

impacts derived from the material shortages back in year 2018 has now resumed back to its normal condition. Consequently, the Company has continuously shown an overall upstream performance as compared

water supply production project in Chiang Mai Province. This transaction has been approved by the company’s board of directors with the condition that Yunnan Water (Hong Kong) Company Limited (YUNNAN

374 253 121 47.9% Food Centre 84.6 92.9 (8.3) -8.89% Less intercompany balance (167) (119) (48) 40.3% Revenue from sales 458.8 345.8 113 32.7% ⚫ As a results of downturn in economics condition and