end of 2018 to Bt4,739 million as of December 31, 2019; short-term debt as well as trade and other current payables decreased due to increased cash flow from operations; long-term debt increased to

business to grow 40-45%  Target lending amount Bt500-800mn Operations  Efficient kiosk location management and adding new services.  To add at least 1 more commercial bank from current 6 bank on the

generate new sources of revenue. Banking operations were also continuously improved to reduce costs. On the regulatory front, the Bank of Thailand implemented a macroprudential policy to regulate the Loan-to

operations and water management project. 11. Tax expenses in the year 2019 was Baht 0.28 million while there was Baht 3.25 tax income in the year 2018. It is increased by Baht 3.53 million from increasing of

“we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the years ended December 31, 2019 as follows

higher earnings from operations. 1.9 Profit Sharing for non-controlling interest of a subsidiary company On Oct 1’ 2010, the company sold partial investment in a subsidiary company to Japanese alliance

Bt83mn in 9M17. Other Business Performance of this part constitutes those of other business operations, e.g. property/hotel management service, project management service, etc. As of 3Q17, the Company was

other business operations, e.g. property/hotel management service, project management service, etc. As of 4Q17, the Company was engaged in two distinct project management services – a tourist facility

in total revenues. Additionally, we have focused on stabilizing the operations while introducing sustainable processes particularly in maintenance and further focused on quality which has set us up to

which may affect the company’s credibility should it undertake fund management business, and whether the company has prepared for the operations of the branch office to be established, an operating system