(English Translation) Page 1 Date : 5 February 2018 Subject : Notification of the Board of Directors’ Resolution Concerning the Plan to Spin Off its Subsidiary and to List Shares on the Stock
) Revenue structure + (-)2018 3 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Revenue from steel tower manufacturing decreased by 37.21% as a result of rescheduling of production and delivery plan by major
held for sale. UWC plan to reinvest the proceeds in a higher return business to accommodate growth and streamline the company’s efficiency. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS
5.03 Rental and Services Revenue 106,052 76,312 29,740 38.97 Gross Profit 56,739 41,954 14,785 35.24 Gross profit margin (%) 53.50 54.98 (1.48) (2.68) Golf Services & Property Management Revenue 37,795
November 13, 2019 Re : Management Discussion and Analysis (MD&A) For Quarter 3 / 2019 Attn : President The Stock Exchange of Thailand Baan Rock Garden Public Company Limited wishes to clarify the Company’s
future cash flows, the terminal growth rate and discounted rate used in the assumptions are based on management of the subsidiary and indirect subsidiary’s judgment and past experience and business plan
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