ordinary shares had not yet been transferred to the Subsidiary (within June 30, 2018 pursuant to the details set out below), if (a) Director’s Loan is increased (due to monthly expenses of Leyland that

such shares. 3. VAVA is entitled to nominate persons to be appointed as directors of the Company in proportion to their shareholding. 7. Other conditions VAVA agrees not to demand any damages or expenses

conditions VAVA agrees not to demand any damages or expenses from the Board of Directors and/or the Company no matter what the case due to the Company cannot issue and offer its new ordinary shares to VAVA

helped lessen the effect of the above on profit margin. Administrative and Selling Expenses Selling, general, and administrative expense as a percent of sales increased slightly to 13.5% in 3Q17 compared

Expenses analysis Q3 2016 Q3 2017 Increase/(Decrease) THB mm THB mm THB mm % Selling expense 40.2 40.9 0.7 1.5% Administrative expense 245.5 270.7 25.2 10.3% Finance costs 628.2 406.1 (222.1) (35.3%) Total

tax expense in the nine-month period of THB 28.49 million, compared to THB 9.44 million in the previous year due to the ending of the Company’s tax privileges granted by BOI; other expenses did not

accrued interest 40,245.48 Other Liabilities 3,295.62 Total Liabilities 70,750.30 Shareholders’ equity (1,810.25) Total Income - Total Expenses 2,060.25 Net profit (2,060.25) 10. Type of transaction This

from year 2016 Baht 2.26 million to be 30% because delivery volume increased from last year. (4) Administrative expenses amount Baht 52.20 million, decreased from year 2016 Baht 0.98 million to be 1.80

the Company’s tax privileges granted by BOI; other expenses did not increase in proportion as much as the revenue. Overall, it resulted in the improvement of net profit margin for the group as mentioned

(Unit : THB million) 2015 2016 9 months of 2017 Gross written premium 101.26 163.34 128.44 Net written premium 91.21 156.86 81.01 Total revenues 121.22 126.80 110.11 Underwriting and Operating expenses