Income 9 11 -2 -18% 19 16 3 19% Distribution costs -97 -93 4 4% -77 -84 -7 -8% Administrative expenses -139 -154 -15 -10% -113 -126 -13 -10% Finance cost - Interest expenses -11 -8 3 36% -8 -6 2 37

. Distribution Cost and Proceed to fund The Company incurred distribution cost and proceed to fund at THB 497 million compare to THB 374 million previous year. An increase mainly came from proceed to fund, since

variety of distribution channels and nationwide coverage. Whereby Jaymart Mobile Co., Ltd operated the distribution of mobile phones and its accessories is a core company. Non-performing loans management

200 29 15% 172 142 30 22% Other Income - - - - 10 13 -3 -23% Distribution costs -88 -66 22 34% -67 -55 12 22% Administrative expenses -182 -145 37 26% -144 -117 27 23% Finance cost - Interest expenses

and nearby countries Objectives of Investment 1. To increase production capability and shorten lead time for sales to customers in the US and nearby countries 2. To expand distribution network in the

Distribution Station, Provincial Waterworks Authority (Phanat Nikhom Branch): Project value 520,344,000 baht and (2) The Nong Ka Kha Project at Nong Ka kha Water Distribution Station, Provincial Waterworks

, which came from costs of sales, distribution costs and administrative expenses control, Change in recognition of depreciation of right-of- use asset pursuant Thai Financial Reporting Standards No. 16

million in 2Q2018, increased by THB 129.92 million or 120.60% up comparing to 2Q2017. In addition, the consolidated EBITDA in 2Q2018 was THB 631.26 million, decreased by THB 238.21 million or 27.40% down

according to the additional paid up in the capital of GPSC’s associate and in increase in assets, and property plant and equipment (PP&E). Moreover, for the year 2017, GPSC and its subsidiaries had net cash

V3 22/02/61 10:09 น. 0 V3 22/02/61 10:09 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2017 In 2017, Thailand’s real GDP grew by 3.9 percent, up