in the business to be lower than the trigger point for a tender offer ( √ ) has been granted a waiver from making the tender offer by the Office or the Takeover Panel ( ) under letter No. dated

Group’s net cash from operating activities of year 2018 was Baht 506.66 million, which was lower than the net profit before tax by Baht 16.34 million, due to the transactions that did not affect the cash

political crisis in many country including War trade crisis between USA and China however the global economy still has continuously growing up. While Thai’s economic has trend to growing lower than

been collected in total of THB 37.04 million and the trade accounts receivable which was overdue by lower 6 months has been collected in total of THB 63.39 million (up to 14 November 2019). Although the

lower-than-expected net profit performance was negatively impacted by an expected event in Malaysia, where advertisers cut back their spending due to the country’s sluggish economy during the first half

the Group. Full year same store sales growth (SSSG) decreased by -4.7%, mainly due to lower sales of the ZEN brand, which contributes approximately 40% of the Group's revenue, being affected by market

(Decrease) (%) 30.18% 23.87% The Corporate Group’s net cash from operating activities of year 2019 was Baht 687.78 million, which was lower than the net profit before tax by Baht 19.81 million, due to the

changes was primarily due to the decrease in Average Occupancy Rate of Castaway Island, Fiji Resort and lower ADR of Outrigger Koh Samui Beach Resort from competition in Samui market. Project CROSSROADS

economic situations at that time. During the current year, the Company accounted for lower of cost of inventories to net realizable value in an amount of 1.1 million Baht (2015: 1.8 million Baht) by stating

Subsidiary and the Sellers at the consideration value of THB 315,000,000 which is lower than the price that has been valued by Adjusted Book Approach method. 7 7. Conditions of Transaction The ownership over