to accept the right under the Strategic Partnership Agreement between the Company and Hemaraj Land and Development Public Company Limited (“Hemaraj”) to conduct the business of distribution and retail

have an allowance for value of goods last year Therefore the reversal of the allowance for the value of the goods Causing the cost of sales to decrease by 4 million baht 3. The increase in distribution

- 0.02 100.00 Total net sales and service income 354.02 - 354.02 100.00 3. Distribution costs and administrative expenses increased by 70.65 percent compared to the same period last year. Because the

3.58 (0.38 ) (0.11 ) Total Revenue 113.10 142.72 (29.62 ) (0.21 ) Expenses Cost of sales 76.18 123.51 (47.33 ) (0.38 ) Distribution costs 15.40 11.92 3.48 0.29 Administrative expenses 45.78 38.88 6.90

% 91.37 % - (2.71) 1.5 Selling and distribution expenses 42.49 MB 30.73 MB 11.76 MB 38.27 1.6 Administrative expenses 134.94 MB 146.06 MB (11.12) MB (7.61) 1.7 Finance cost 61.97 MB 50.94 MB 11.03 MB 21.65

Listed Companies Concerning the Connected Transactions, 2003 (as amended) (“Notification on Connected Transaction”) Moreover, in 2016 the Company had entered into the Loan Agreement dated 29 February 2016

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

510 - 940 Million through the concession agreement period. Overview Operational Results In the first quarter of the year 2018, the Company had the net profit attributable to equity holders of the

operate the project and has profit as agreed during the period of agreement after Phase 2-4 start to operate water distribution. HECH would purchase more GS’s share in the future from exisiting shareholder

was increased from previous year 52.55% to 54.21%. It came from the sales of high cost goods with the increased portion and the sales promotion activities to clear existing goods in stock. Distribution