2017. The Company and its subsidiaries have been able to increase the Gross Profit margin by 7% compared to the year 2016. 2. In 2017, distribution costs, administrative expenses, and doubtful debt

through agents, transportation cost for distribution in both domestic and international market, sales promotion expense for exhibition ln Philippine. All cost of selling is incurred to increase the new

S Holding Co., Ltd. (“All S”), which aim to invest in automobile assembly business, public transportation services, supported technology and related application to public transportation business. In

(Microsoft Word - MPIC - 4150514765052264 E) -Translation – MPIC 013/2018 August 8, 2018 Subject: Notification of the investment in the distribution company in Cambodia Attn: The President The Stock

. The government spending would still be the crucial driver for Thai Economy, especially the investment in large transportation infrastructure projects such as Double – track railway project and sky train

HONDA ENGINEERING ASIAN CO เลขท่ี WICE 002/2561 วนัท่ี 4 มกราคม 2561 เร่ือง ขอแจง้การเขา้ท ารายการและช าระเงินค่าหุน้สามญั Universal Worldwide Transportation ( “UWT”) เรียน กรรมการผูจ้ดัการ ตลาดหล

business in automobile assembly, public transportation services, supported technology and related application to public transportation business. All S will increase the registered capital from 300 million

from rental and rendering of services from new rental spaces and improved occupancy rates, and decreased selling and distribution expenses from improved cost management • Operating revenue increased by

dividends distributed by promoted companies are exempt from income tax during the exempt period  Additional 5-year 50% reduction of corporate income tax  Double deductions from the costs of transportation

% reduction of corporate income tax  Double deductions from the costs of transportation, electricity and water supply for 15 years  Additional 25% deduction of the cost of installation or construction of