, USD 123.90 million will be converted into equity while the remaining will be recorded as gain from debt restructuring. This debt restructuring shall be proposed to seek an approval from the

against THB 109 million recorded for the same period last year mainly due to reduction in volume in the current year. Administrative Expenses Administrative expenses for 3rd Quarter 2019 and 2018 amounting

accounts had been recorded. In addition, decreasing in employee expenses were in line with decreasing revenue. As the result, the administrative expenses of Q1–2018 were lower than those of Q4–2017

Business improved from 31.6% in 1Q2017 to 35.1% in 1Q2018 mainly due to increased selling volume and ability to manage operating costs effectively. Our 1Q2018 Gross Profit was recorded at Baht 149.0 million

and separately presented under share of gain (loss) from investment in joint venture. Hotel business recorded a revenue growth of 9% YoY due to stronger performance of Phi Phi Village after completion

their term payment, the Company set the net unrealized values at 0.13 million baht. The Company recorded the allowance for doubtful account for only debtors who were overdue. The Company would consider at

been audited by the independent auditor as follows: Statements of Comprehensive Income for the 4th Quarter and Year Ended December 31, 2018 Note: During 1Q’17, the subsidiary has recorded income incurred

amount of THB 144.87 million and THB 110.23 million, accounted for 56.15% and 42.73% of total revenue respectively. The Group recorded THB 257.99 million of total revenue in 3rd quarter of 2019, decreased

Company recorded an increase in net interest income of Baht 247.8 million, or 156.6% Gain on credit for purchase of receivables decreased by Baht 715.2 million, or 16.9%, primarily as a result of lower

to be recorded in the income statement and the effect of recording Page 2 of 6 additional compensation rates for employees who have worked consecutively for over 20 years shall be entitled to