shares or THB 36 million or 18% of total shares before increased newly share capital. At the Board of Director’s Meeting of EFORL No. 19/2017 held on 10 November 2017, the Board passed a resolution to

plan with Bangchak Petroleum Plc. was of Bt11.5 million. 2.2.5 The Employee benefit obligations was of Bt939.3 million according to Labor Protection Laws as TAS no.19 on employee benefits. 2.3

property, plant and equipment. Income tax expenses In 2017, the Group has the income tax expenses of Baht 61 million and the income tax expenses to revenue from main business ratio is 1%. There is no

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 003/2018/EN 26 January 2018 Subject: Management Discussion and Analysis of the Company and subsidiary for the year ended 31 December 2017 To: The President of

Limited (the “Company”) Board of Meeting No.1/2018 on 26 February 2018, the resolution to certify the Company’s financial statements and performance for the yearly ending 31 December 2017 which has already

long-outstanding receivables has recorded in accordance with the Financial Reporting Standard No. 9 Financial Instruments (TFRS 9) and also the employee-related expenses have increased. -3- Financial

payable increased by 19.3 MB, or representing an increase of 100.0%, the reason is that in the year 2018, the withholding tax was higher than an income tax resulting in no income tax payable. While in nine

Business, Rail Business, Commercial Development Business, the manufacture and distribution of treated water business and electricity production business. Therefore, there was no similar type of business in

the first quarter of 2017 approximately THB 22.11 million. However, the Company fully settled such provision in the second quarter of 2017. No more of such expense incurred in the current period

baht but no gain on sale of bad debt in 2018. For performances of company’s subsidiaries in Thailand, the Company had commission income of 513 million baht, increasing by 4% from AEON Insurance Service