group, in order to set up two joint ventures both in Thailand and Indonesia, which expected to become operational by mid-2018.  On 18 January 2018, the Company has entered into an agreement to acquire 65

: Adjusting some advertising and promotion transactions to impact on total sales reduction and also selling expenses reduction. However, there is no impact on net profit. o CMG : TFRS 15 set a principle to

first traded on the SET (Silent Period). Nonetheless, ACO I may sell not more than 25 percent of the said lock-up newly issued ordinary shares after the newly issued ordinary shares of the Company have

ordinary shares of the Company are first traded on the SET (Silent Period). Nonetheless, ACO I may sell not more than 25 percent of the said lock-up newly issued ordinary shares after the newly issued

(UNOFFICIAL TRANSLATION) Codified up to No.3 As of March 6, 2017 Readers should be aware that only the original Thai text has legal force, and that this English translation is strictly for reference

Page 1 of 4 No. RJH – SET 4/2019 25 February 2019 Subject : Management’s Discussion and Analysis for the fourth Quarter of 2018 and year ended December 31, 2018 To : The President The Stock Exchange

of Shareholders No. 1/2020. 6. The Board of Directors approved the capital increment and set investment priority in PChome (Thailand) Co., Ltd. for the purpose of future business expansion which

paid-up in one lump sum in cash. However, the Company has the right to issue preferred shares, debentures, convertible debentures, and any other securities, as permitted by the laws. The Company may

shall be fully paid-up in one lump sum in cash. However, the Company has the right to issue preferred shares, debentures, convertible debentures, and any other securities, as permitted by the laws. The

million, respectively, as a result of marketing events couple with the increase in operating expense due to the expenses of new outlets. The company focuses on the sustainable growth, thus, set up a