referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business

) LIMITED SECURE WEALTH INVESTMENT ADVISORY SECURITIES COMPANY LIMITED CGS-CIMB SECURITIES (THAILAND) COMPANY LIMITED CIMB THAI BANK PUBLIC COMPANY LIMITED CIMB ADVISORY (THAILAND) COMPANY LIMITED SAGE

บริษัท อิออน เครดิต เซอร์วิส ซิสเต็มส์ (ฟิลิปปินส์) จ ากดั (“AEON Systems”) เป็นจ านวน 2,307,786 บาท และ AEON Specialized Bank (Cambodia) Plc (“ASB Cambodia”) จ่ายค่าพฒันาระบบ 3D-Secure และ pay Wave เป็นจ

same mortgaged amount. The purpose of this facility will be used as security to secure the Letter of Guarantee, LG provided by one local commercial bank which issued the LG to guarantee usage of

million baht more than as the ending of 2017 equal to 2,131.0 million baht or 40.6 percent due to an increasing in investment in account receivables both secure and unsecure type of non- performing loan

established under which the parent company shall allocate liquid and low-risk assets to secure its performance of such commitment (explicit guarantee); (3) being able to show its capability to operate as a

excess palm oil in the system to solve the problem of falling palm prices by subsidized palm fruit price, increase the proportion of biodiesel blends to B10 in some parts of Thailand and B20 for fleet in

shelters on the land, bought by the Company in 2016 with the purpose to raise and breed the Company’s excess animals, were not able to proceed as planned. The development was prolonged until the additional

% 1,572 7.8% Equipment – net 1,615 16.8% 1,695 8.4% Investment in JVs, associates and other long-term investments 1,421 14.8% 7,685 38.1% Goodwill and excess of acquisition costs and net assets 1,748 18.2

and the increasing in competition among entrepreneurs under the situation of excess supply from products and raw materials coming in from various countries. Therefore those factors have been affecting