Limited Q4’18 and FY18 Management Discussion & Analysis 27 February 2019 Q4’18 and 2018 Management Discussion & Analysis Page 3/7 The success of our small brands with herbal benefits help stabilizing

participate in ICOs, since they can play an important role in contributing to the development of the white paper and help increase the likelihood of project’s success. However, each retail investor should be

which quarterly sales hit the record high in this quarter. Moreover, the Company still put an emphasize on repeating the success of Carabao energy drinks in other countries and expanding the international

will then enable the achievement of overall growth of the Food Business in a significant manner; whereby the Company is projecting to still achieve an overall TSS growth of 5% - 6% YoY. Outlook for 2018

to achieve COD as scheduled in PPA, and construction cost is in line with the budget approved by lenders. This achievement would enable us to keep record of managing the project to commence COD in time

advertising and marketing tools. 2018 was another all-time high financial record for MACO – a culmination of 4 consecutive years of record-breaking achievement – having achieved revenue and net profit of

Commercial Operation Date is expected to be within the year 2021. 1.2 The Achievement of Financial Close to Start the Construction of Collinsville Solar Power Project in Australia On May 5, 2017, RATCH

with the budget approved by the lenders. This achievement would enable us to keep record of managing the project to commence COD in time and in budget for 25 consecutive projects during the last 6 years

, there is no dilutive at operating margin to OSP beverage portfolio. The achievement of Fit Fast Firm project (OSP’s cost saving program) was on track and we expect to deliver more than THB 800 million

process but have not yet completed according to the achievement stage. Advance payment for products and services decreased by 96.4 MB, representing a decrease of 61.3% because in the year 2020, the Company