. Total Liabilities Total liabilities decreased from Bt6,576 million at the end of 2017 to Bt6,246 million as of March 31, 2018; short-term debt as well as the long term loan decreased due to increased cash

capital increase in joint ventures proportionately. 4. Decrease in short-term investments of THB 438.9 mm, which was mainly from the Company divested some investment units to manage the liquidity 5

1,570.1 million, increased from Baht 1,538.1 million by the year-end 2017 or increased by Baht 32 million or 2.1% due to increase in short-term loans for working capital at the end of the period and accrued

1.6 5.3% Total Liabilities 2,890 2,544 346 13.6% Bank overdrafts and short-term loans from banks 650 704 (54) -7.7% Trade and other payables 105 83 22 27.1% Other current liabilities 16 18 (2) -10.8

increase in short-term loans of VGM to Titanium Compass Sdn Bhd (“TCSB”) and Meru Utama Sdn Bhd (“MUSB”) of THB 124mn. Total non-current assets stood at THB 2,116mn, an increase of 42.8% or THB 635mn

% 488.97 20.70% Short-term investment 4.37 0.19% 4.85 0.21% Account receivable, trade and others 696.74 29.54% 706.03 29.89% Inventories 727.47 30.84% 663.32 28.08% Other current assets 15.93 0.68% 3.24 0.14

notify that the resolution of the Directors’ Meeting No. 4/2018 on February 13,2019, consider and approve the company entering into the connected transactions. The detail as followings:- A. Short term

subsidiary increased by Baht 355.49 million or 23.40% compare with last year, mainly from trade payables and short-term loans that increased of Baht 363.33 million in order to support higher working capital

operation. (Unit: Million Baht) Liabilities 31 Dec. 2018 % 31 Dec. 2017 % Bank overdrafts and short-term loan 10.00 2% 10.00 2% Trade and other payables 112.49 19% 82.25 16% Liabilities under financial lease

which came from additional investments in investments in associated companies and fixed assets. Net cash from financing activities was Baht 1,496.09 million mainly from increased short-term debt. As a