from the economic recovery in export, tourism, investment of private sector, and the expansion of government spending, which is a good sign for the Company operation in 2018. Topic Annual Balance Change

position to be as required by the rules, and receives the permission from the Office to expand their business operation For the purpose of the first paragraph hereof, “Expansion of operation” means: (1

of the first paragraph hereof, “Expansion of operation” means: (1) Enter into a new custodian agreement; (2) Renew the existing custodian agreement; (3) Other acts specified by Notification of the

from the Office prior to such expansion or change. In the case where the management company has been permitted to establish a branch office which is not an online branch, the management company shall

is previously permitted by the Office, the management company shall make another request for permission from the Office prior to such expansion or change. In the case where the management company has

products to be produced and the expansion in agricultural economics. 2. Cost of sales of goods and Expenses 2.1. Cost of sales of goods for the 2018 was increased by 62.03 million baht or 31.60% when

of the revenue from the expansion of Baht Million 2017 2018 +/(-) +/(-) % 1. Content Business Revenue from sales of program rights 1,070.71 1,317.74 247.03 23.07% Cost of program rights 637.38 834.39

Expressway (SES), toll revenue was slightly increased from the previous year. For the Bang Pa- in - Pak Kret Expressway (Sector C+), toll revenue increased by 2 percent due to the expansion of suburban area

partly offset by cash paid for corporate income tax of THB 25mn. Net cash used in investing activities was THB 286mn, mainly from cash paid for acquisition of equipment of THB 208mn from expansion of media

bonus payments to employees and executives for the year totaling 20.64 million baht. In addition, trade and other receivables increased by 18.36 million baht (due to many business expansion) and