. In 2018, the Thai economy has grown at a continuously solid level with a GDP expansion of approximately 4.1% YoY. The growth is attributed to a number of factors, namely 1.) strong export growth

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In Q1/2018, East Water Group had total consolidated sales and services income of 1,045.39 million Baht, decreased by 117.85 million Baht or 10.13% compared to

mm or 15.3% from the same period of previous year, mainly because cash distribution from HREIT was in the form of capital reduction which cannot be recognized as dividend income.  Other income

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In the first half of 2017, East Water Group had total consolidated sales and services income of 2,249.07 million Baht, increased by 16.36 million Baht or 0.73

Company has a subsidiary, Aurum and Aurum Company Limited (together with the Company, the “Group”) which engages in distribution of bakery products and equipment. Analysis of Financial Performance Revenues

with the Company, the “Group”) which engages in distribution of bakery products and equipment. Analysis of Financial Performance Business categories Operated by For the three-month period ended 30

business can be divided into 2 categories including (1) television program production and distribution and (2) creative and marketing management communication services. In 2017, the Group generated revenues

Gross profit 94,309 91,490 83,320 10,989 13.2 Other income 2,454 2,858 1,453 1,001 68.9 Profit before expenses 96,763 94,348 84,773 11,990 14.1 Selling and distribution expenses 25,061 22,708 23,815 1,246

were back on track with 44.5% growth YoY and 3.4% growth QoQ. - In Q1’19, the Company maintained its leadership position with total market share of 31.1% in Brain and Body Boost (“BBB”) products which

last year was 21.08%. 2.2. Distribution costs for the three month-period and six month-period ended June 30, 2019 were in the amount of 2.04 million baht and 3.86 million baht respectively. This year