424.11 10.29 (278.19) (65.59) GFPT Public Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2018 Page 2 of 11 Overall Financial Performance and Profitability Business Segment

& ANALYSIS CONSOLIDATED P&L SNAPSHOT THB (mn) 2Q 2017/18 1Q 2018/19 2Q 2018/19 QoQ (%) YoY (%) Operating revenue 978 1,077 1,208 12.2% 23.5% Cost of sales 387 392 537 37.1% 38.7% Gross profit 591 685 670 -2.1

such as consumer goods business and real estate business and the investment in media and telecommunication business. TIH Limited’s 2017 operating performance reported the total investment income of

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and Determination of the Date of Extraordinary General Meeting of Shareholders No. 1/2018 To: President The Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Offering of Newly Issued Ordinary Shares to Specific Investors (Private Placement) at the Offering Price with a Discount of...

for 9M19 since it caused the drop in revenue with the cost of employees of Dusit Thani Hotel Bangkok. However, the Company sold the long-term investment and recorded the profit in 2Q19 as per Business

the decrease in business’s result for 9M19 since it caused the drop in revenue with the cost of employees of Dusit Thani Hotel Bangkok. However, the Company sold the long-term investment and recorded

Subsidiaries Statement of comprehensive income Ending Year Ending Year Unit : Baht 31 Dec 2017 31 Dec 2016 Sale & Service Revenues 154,719,798.54 101,952,065.29 Cost of Goods & Services (126,747,874.90

profit before tax.” The audit committee will consider the remuneration for executive directors based on the performance and contribution to the company before propose to the Board of Directors for approval

. 3. Performance of the Company Operating Results The Company reported a net profit of Baht 3,345 million compared to loss of Baht 1,810 million last year as explained above. The consolidated post net

tender offer of shares, it shall be deemed that the Company has acquired shares of GLOW by means of the takeover via other juristic persons. The Company is thus required to calculate the cost of the