Limited as Independent Financial Advisor to give opinion regarding these transactions for consideration by shareholders. Even though both related transactions did not occur within the six months period and

, the estimated goodwill may be subject to further adjustments depending on the determination of fair value, which is expected to be finalized within Q2/2019 and it is to be amortized over the estimated

channels to increase fee income and assets under advice. The area of Investment Banking will combine the expertise of several functions within the Group to allow the Group to offer more comprehensive

foods as well as various seasoning for use within hotels and/or restaurants in the group to ensure the standard of the taste, enhance the efficiency, control costs as well as to reduce wastes as parts of

EBITDA from end of year 2018 of 69.02 percent but increase in financial lease liabilities due within one year of 16.31 percent and an increase in annualized interest on loan payment of 7.80 percent. (5

were higher than the selling price in the 1st quarter of 2019. However, the Company had been managed inventories turnover rate not over than 0.70 time or within 45 days, in order to reduce the risk of

well-performing overseas assets. The Hotel industry remains the key revenue driver. Thai goods and services are at a premium due to the appreciation in Thai Baht, reducing the demand especially within

year within 5 years, the Company expect this ratio may continue to increase. However, the debt’s policy is maintained by limiting the D/E ratio1 at below 1.5 times. Cash Flow During the first half period

2017 of 21.88 percent, an decrease in long-term loan and financial lease liabilities due within one year of 24 percent and a decrease in loan interest payment of 36.21 percent. (5) Debt Obligation The

above period is complied, sell of share capital will be completed within July 2018. According to the condition precedents of share purchase agreement between Thanasiri Group and the Company, there is