starts its operation; (4) not being ordered by the Capital Market Supervisory Board or the Office to restrict its business expansion or cease its operation, or in the process of rectifying its operation by

to restrict its business expansion or cease its operation, or in the process of rectifying its operation by the order of the Capital Market Supervisory Board or the Office under Section 141, Section

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

year. For the Bang Pa-in - Pak Kret Expressway (Sector C+), toll revenue increased by 5.3 percent due to the expansion of suburban area resulting to the traffic volume increased. Sector C+ average

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

administration cost base from business expansion period during 1Q/18 which were starting up of the office building project and the food and beverage business. Financial Cost Most of financial cost resulted from

or 3.08% compared to Q1/2018. The reasons were from increasing in tap water sales volume, net off with depreciation and amortization which increased by 5.89 million Baht from capacity expansion

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

there was an expansion in Sales’ department’s headcounts and the Company also held campaign for Customers visiting factory to promote Company’s products. 2.3. Administrative expense for three month-period