Microsoft Word - MDA 2017 EN SET Final.docx Page 1 of 5    L-WAVE ENT 28/2018 28 February 2018 Subject: Report on reasons of change to profit (loss) and analysis on operating results by the

December 31, 2017. In addition, the Company and its subsidiary also had a continuous growth in the Company’s performance and the sufficiant liquidity for long-term loan repayment. Therefore, the proportion

expiry of safeguard on alloy steel, and strengthening of Thai Baht, and the current out break of COVID-19 has led to continuous decline in domestic steel prices from second quarter of 2019 and impacted the

to continuous increase in Equity MW from Small Power Producer (SPP) capacity expansion serving increase in demand of Industrial customers of approximately 5%. The main distributions were from GNLL

Society Hill Tianjin (China) and The Beach Club at Lubi Plantation Island, Managed by Dusit (Philippines). Unit: THB mn 4Q18 4Q17 Change FY18 FY17 Change Hotel business 1,298 1,278 20 1.6% 4,626 4,590 36

expects the continuous growth from the catering services primarily to major international schools and the operation of a healthy food restaurant business opening in October 2019. In addition, Hotel business

revenue growth. The Company also expects the continuous growth from the catering services primarily to major international schools and the operation of a healthy food restaurant business opening in October

., the subsidiary of the Company, and change in the accounting policy regarding the record of the land appraisal To: President The Stock Exchange of Thailand Attachment: Information Memorandum on the Asset

was due to the continuous hire purchase loan expansion, particularly from trucks. Total hire purchase loans were 49,708.61 million baht, an increase of 3,296.98 million baht or 7.10% from the same

customers had a temporary delay of payment. However, the said customers still have the active status and can make the payment to the Company continuous increasing after ended of quarter 2. In addition