% 301.13 336.19 35.06 11.64% Operating profit 412.15 421.06 8.90 2.16% 1,366.98 1,217.90 (149.08) (10.91%) Finance cost 35.10 35.33 0.23 0.65% 105.82 102.39 (3.43) (3.24%) Income tax expenses 86.45 82.22

, 2018 Operating performance Revenues Type of Revenue Jan-Sep 2018 Jan-Sep 2017 THB (m) % THB (m) % 1. HR Solutions 1.1 Human Resources and Payroll Outsourcing-services 177.54 46.66 163.66 46.87 1.2 Income

1 Ref: AC.028/2018 13 November 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

debt to equity ratio (D/E ratio) at 0.41 times. Cash Flow As at September 30, 2018, the Company had cash received from the operating activities around 748.17 million baht, rose by 111.56 million baht

,, This project lies on area about 8.6 Rais (13,746 square meters). It is expected to start operating in 2023. Details of shareholders Number of shares Total Subscription Price Share holding Percentage 1

,, Total 1,200 ,, This project lies on area about 8.6 Rais (13,746 square meters). It is expected to start operating in 2023. Details of shareholders Number of shares Total Subscription Price Share holding

about 7 Rais 60 Square wah. It is expected to start operating in 2023. Details of shareholders Number of shares Total Subscription Price Share holding Percentage 1. Ramkhamhaeng Hospital PCL. 16,000,000

21.54% from the same period of previous year. The total revenue of each operating segments for the nine-month period ended 30 September 2019 of the Company and its subsidiaries had changed from the

3344 Fax. 66 2 654 3323 No. PACE IR2019/010 Date: 14 November 2019 Subject: Explanation of the Operating Results for the three-month period ended 30 September 2019 changing over 20% To: The President The

received from the operating activities around 377.68 million baht, decreased by 370.49 million baht compared to September 30, 2019 which was consistent with the reduction of sales. However, the cash paid for