approve the appointment of the following Certified Public Accountants to be the Auditor of the Company and its subsidiaries: (1) Mr. Chaiyuth Angsuwithaya Certified Public Accountant License No. 3885, and

of the subsidiaries (1.24) -0.2% (0.64) -0.1% (0.40) -0.1% 100.0% 100.0% Net profit - Equity holders of the Company 145.01 17.2% 142.28 17.4% 149.51 18.7% 5.1% 3.1% %YoYIncome Statement Q1/2018 Q4/2018

volume of the subsidiaries 19.06 18.60 0.46 2.46% Total tap water sales volume 24.56 23.82 0.74 3.12% Gross Profit of Tap Water Business in Q1/2 019 was 135.97 million Baht, increased by 4.06 million Baht

interests of the subsidiaries of THB 195mn. CASH FLOW As of 31 March 2019, the Company had net cash from operating activities of THB 297mn primarily from cash from operating activities of THB 323mn which was

2018 of 4,086 million Baht. The main reason of the significant loss in Q1 2018 was from a record of the impairment of investments in subsidiaries of 3,400 million Baht. Summary of Financial Performance

subsidiaries whether in the manner of being executive, major shareholder, control person or person who nominated to be executive or control authority as well as those who are involved including relatives of such

% -3.9% Non-controlling interests of the subsidiaries 0.42 0.1% (0.40) -0.1% (0.35) 0.0% 100.0% 100.0% Net profit - Equity holders of the Company 150.40 17.7% 149.51 18.7% 145.25 18.1% -2.9% -3.4

expenses of 9.89% year on year was derived from higher employee expenses to support more workloads and more units from business expansion of the Company and its subsidiaries. Table 8: Administrative Expenses

1,479mn and non-controlling interests of the subsidiaries of THB 67mn. CASH FLOW As of 31 March 2018, the Company had net cash from operating activities of THB 180mn primarily from cash from operating

Q1/2017Q2/2017   Page 2 of 7    The company has established two more subsidiaries: 1) BAFS INTECH Company Limited, with a registered capital of Bt60.0 million. The Company holds a 90% stake. This