) Net increase (decrease) in cash and cash equivalents 176 Cash and cash equivalents at 1 January 2018 578 Cash and cash equivalents at 31 March 2018 754 Table 6: Condensed Statement of Cash Flow

(in Baht) (0.032) (0.022) 47% Table 4: Summary of Financial Results Management’s Discussion and Analysis (MD&A) For Q2/2018 13 Unit : Million Baht 30 June 2018 31 December 2017 % Increase (Decrease

% vehicle registration loan) Causing Singer to earn higher interest income and there was a decrease in NPL due to adjusting the proportion of credit portfolio to have more quality. NPLs in the group of auto

compared to total revenue from medical treatment in the 1st quarter of Year 2020 equaled to 79.0%, and in the 1st quarter of Year 2019 equaled to 80.2%. A decrease of nearly 1.2% in the cost of medical

eliminate such risk, only help to decrease the impact from the fluctuation of the price of CPO to the Company’s performance. Subsidiaries realized net loss of 28.39 million Baht in 2019 and net loss of 35.26

than CPO price at the time of delivery. As a result, the difference in raw material prices to the sales price at the date of manufacture and delivery of product to decrease. The Company possible to

. Explanation for such decrease due to drop in sales as provided in Section 1 above. Please be informed accordingly. Yours sincerely, Mr. Hamidi Bin Maulod Chief Executive Officer

quarter last year. The decrease is expected to be short- term as the contracts of O2O campaigns were mostly terminated in June 2018, a normal budget-end period for agencies and clients. Hence, the Company

content acquisition to support the growth of the business since 2017 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on exchange rate, resulting in a decrease in

Baht 771 million from year ended 2018. The decrease of inventory of subsidiary was the main factor which decreasing in finished goods, raw materials and consumables. For the Company, inventories increase