business expansion by 2019. Direct Investment business is the existing business of the Company and its subsidiaries. In the past, the Company and its subsidiaries have been conducting direct investments in
future business expansion outside Philippines shall be subject to any discussion between the Company and Kinpo Group based on the circumstance that either the Company or Kinpo Group is more appropriate to
cost, higher online travel agency costs, and employee costs to support the expansion of hotel business. 1Q18 EBITDA margin was 25.5%, compared to 23.0% of the previous year. In 1Q18, depreciation and
higher employee benefits together with the increase in the number of staff to serve the business expansion. The finance costs during 2019 was THB 986.4 mm, which decreased by 16.4%, compared to the same
estate expansion which is the Company’s main business in the long term. The approximate leasing fee and the leasing charge of Rachaphatsadu Land throughout the term of the agreement are totally Baht
Limited (CRC) and CPN with 33% stake through Chipper Global Limited. The objective is to invest in Grab businesses in order to enhance channel for business expansion including increase traffic as well as
supporting the expansion of the Company’s core business, as well as investing in various projects; and the amendment of Clause 4 of the Memorandum of Association to be in line with the capital increase. The
revenue from sale of EPG, is majorly contributed by the outstanding sale growth of the Automotive and Accessories business that is resulted from the launch of new products and expansion in Operation in
the target customers. Management's Discussion and Analysis and operating results for the Quarter 2/2017 Page 7 / 7 . Focusing on business expansion to CLMV countries (Cambodia, Lao PDR, Myanmar, Vietnam
) Public 2 Company Limited has contributed to the operation aspect of this joint venture that will lead to successful business expansion in the future. Summary of Consolidated Financial Results 1. Operating