14,000 Bank overdrafts and short- term loans from financial institutions Current portion of long-term loans from financial institutions Financial lease liabilities Trade account payables Property, plant

LIMITED Management’s Discussion and Analysis PROGRESS OF PROJECTS UNDER CONSTRUCTION Current Construction Progress ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION

an income guarantee, demonstrate current status by specify at least the following information: (a) conditions and highlights of the income guarantee agreement, including information on the guarantor

attachment to enable the debtors to live with sufficient financial means as appropriate in the current social context. The amended legislation will thus expedite execution proceedings per judgement or the

current seven persons to be a director for the Company, follow the proportion of shares held by the investor. Hence, such issuance of the newly issued shares to the investor is considered a connected

considered a transaction to a potential controlling person of the Company. Furthermore, the investor will have the rights to nominate three persons from the current seven persons to be a director for the

completion of transaction is current major shareholder of NDR shall sell 32,000,000 units of exiting warrant to CRSB, warrant and CRSB shall exercise 20,000,000 units of warrant warrant of 12,000,000 units on

re: Board of Directors and the Article 31 under Chapter 6 re: Meeting of Shareholders. The details of which are as follows: The Company’s Articles of Association Current Items New/Revised Items Chapter

and Managing Director 4. Summary of financial statements of VAVA Statement of financial position Unit : Million Baht Items Statement of financial position 31 Dec 14 31 Dec 15 31 Dec 16 Assets : Current

: Current Assets 450.26 571.86 657.61 Non-Current Assets 614.99 694.78 637.12 Total Assets 1,065.25 1,266.64 1,294.73 Liabilities : Current Liabilities 588.66 587.67 545.79 Non-Current Liabilities 120.58