appointed Financial Advisor to evaluate the appropriated At-Ze’s assets value by using Discounted Free Cash Flow Method-Free Cash Flows to Firm. Total value of consideration is same value as negotiation in

above break-even revenue for its business and represented its new cost structure after new shareholders acquired. Total value of consideration is same value as negotiation in between Seller and the

education, product innovation and appropriate channels for different target groups. On the same token, businesses should make proper preparations and have a clear understanding of the roles and

Analysis for the first quarter ended March 31, 2020 are different from the same period last year more than 20% To: The President, The Stocks Exchange of Thailand World Corporation Public Company Limited

quarter of 2019 decreased by Baht 86 million or 70% decrease compared to the same period of 2018. This expense varied with the operating results (excluding share of profit from investments in associates) of

1/3 L-WAVE ENT 19/2019 14 August 2019 Subject : Management’s Discussion and Analysis for the six-month period ending 30 June 2019 operating results that varied more than 20% compared to the same

ended 31 March 2020, compared to the same period of the previous year as follows Company performance For the period ended March 31, 2020 Million Baht Consolidation method The Company Q1’2020 Q1’2019

the project cost. 4. Income tax expenses for the year ended 2019 decreased by Baht 246 million or 46% decrease compared to the same period of 2018. This expense varied with the operating results

million. 2. Cost of sales In the nine months of 2020, the cost of sales at Baht 88.33 million, decrease of Baht 31.47 million or 26.27% compared to the same period of year 2019, varied to the decreased

decreased from the same period of 2019 by Baht 1,045 million or 46%, which varied with a decrease in the revenue from each business segment as shown in the table of the operating revenue breakdown by business