capital increase above, the Company’s shareholding in KTMS shall increase from 70.00 percent to 77.3 percent. The details of KTMS's shareholding structure are as follows: Shareholders Before capital

8 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2019 1. Highlights The Consolidated Revenue for the Quarter stood at

of long-term loans and an increase of shareholders' equity from net profit Return on assets was 15.5% increasing from 2Q18, due to asset management to earning income more efficiency. Return on equity

of 2018 at 15.8%, an increase of 15.4% from 2017, the number of service station as Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 16 of the end of 2018

from sales has decreased 32.59%. But the gross profit from sales increases 2.60%. At the same time, the income from rental and service business and management business increases 30.47% and 18.39

third party land owner. The management of Phuket Fantasea therefore revised the development plan and concluded an increase of investment value from THB 1,450 million (excluding land cost) to an investment

party land owner. The management of Phuket Fantasea therefore revised the development plan and concluded an increase of investment value from THB 1,450 million (excluding land cost) to an investment value

the financing cost of the Lender. Therefore, it is reasonable to increase the efficiency of capital management and reduce financial costs; including the risk of non- payment according to the transaction

MD&A Y2019 (E) - Final RATCH Group Public Company Limited Management Discussion and Analysis For the Year Ended December 31, 2019 Management Discussion and Analysis For the Year Ended December 31

No. MVP005/2019 9 May 2019 Subject: Management Discussion and Analysis for the 3-month period ended 31 March 2019 To: President and Manager The Stock Exchange of Thailand M Vision Public Company