contributed by the performance of “Fit Fast Firm” projects e.g. lower cullet costs, new formulation, lower sugar costs and light-weight bottle, however, somewhat offset by cost increase from natural gas. - The

business income 250.06 360.05 Operating expenses (262.61) (335.86) Corporate income tax – expenses (1.86) (4.05) Net profit (loss) (14.41) 20.14 The performance of Absolute Yoga Co., Ltd., the associated

Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussion and analysis regarding consolidated financial performance and position of the Company and subsidiaries

Limited (“the Company”) would like to clarify on the performance and the financial status for Q1/2018 ended March 31, 2018 of the Company and its subsidiaries, as shown below: (Unit: Thousand Baht) Revenues

-TRANSLATION- 15 May 2018 Subject : Management Discussion and Analysis for Q1/2018 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in

Justification_E_1-61 NO. AC. 002/2018 15 May 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate

of 3.27 Million Baht by following details: Performance Analysis (1) Revenue Quarter 1-2018 the company and its subsidiaries has total revenue of 736.60 Million Baht as 74.97 Million Baht increased or

margin 40.5% 47.4% 40.6% 45.2% Net profit margin 22.4% 25.5% 27.1% 21.5% Adjusted net profit margin 23.7% 27.1% 24.7% 24.5% Note: The Company restated its 4Q 2016/17 and 2016/17 financial performance after

of Baht 36.1 million of which 14.1% decreased from Q2/2017 or in Baht 5.9 million, as a result of closing some branches which have performance less than target. - Swine farm business recorded its

Company hereby clarifies the changes in the performance over 20% as follows: FINANCIAL PERFORMANCE FOR 3 MONTHS AND 6 MONTHS ENDED 30 JUNE 2018 Consolidated Financial Statements Q2 2017 Q2 2018 Increase