difficulty. In addition, there is no any fact indicating any failure or inappropriateness in operational control and compliance with good business practices. Division 2 Registration processes and fee

margin account including a brokerage fee for such transaction; “short sale value” means the amount of money incurred from each transaction of short sale in a margin account including a brokerage fee for

้บริษัทฯ ได้อนมุตัิรายการท่ีเก่ียวโยงกนัในรอบ 6 เดือน ดงันี ้ - เมื่อวนัท่ี 5 ตลุาคม 2561 ที่ประชุมกรรมการบริษัทครัง้ที่ 10/2561 ได้มีมติอนมุตัิ Annual System License Fee ส าหรับ ACE Plus System ให้กบั

cost 20.10 58.93 28.81 71.77 8.71 43.33 Miscellaneous expenses 6.80 19.94 3.65 9.09 (3.15) (46.32) Depreciation and amortization 3.50 10.26 3.47 8.64 (0.03) (0.86) Tax and other fee 3.50 10.26 2.97 7.40

deposit fee that increased by 0.11 million baht, these expenses just occurred in quarter 4 of 2018 after the Company got listed in Stock market. Depreciation expenses also increased from 3 new vehicles that

40.48 percent increase when compared to the same period in 2018 as amounting of 23.46 Million baht. - Finance costs consist of interest expense and banking fee of 17.16 million baht, an increase of 1.14

Million Baht, increased by 5.23 Million Baht, or 31.45% compared with Q1-2018, resulted from the increasing of employee expenses & compensations, director remuneration expense, audit fee, training, and

construction management fee totaling amount of 14.50 THB mm which are presented in "Other income". This result in a cost reduction of the Veranda Residence Pattaya project which increase in gross profit margin

Depreciation and amortization 2.1 8.8 3.5 10.3 Tax and other fee 3.2 13.4 3.5 10.3 Others/1 1.4 5.9 0.2 0.6 Total administrative expenses 23.8 100.0 34.1 100.0 % to sales revenue 6.6 8.8 Notes: /1 Other

Interest-bearing Debt net of cash and cash equivalents 3Including rental and service income,marketing commission income, project management fee, interest, and others Management Discussion & Analysis