10) Cash Cycle = Average Collection Period + Average Inventory Turnover Period - Average Payment Period GFPT Public Company Limited Management Discussion and Analysis for the Year 2017 Page 5 of 15 11

amount of THB 599.11 million, decreased by THB 81.09 million from 2017, mainly from dividend payment of THB 376.06 million. As at December 31, 2018, the Company and its subsidiaries’ cash position in cash

activities in an amount of THB 408.17 million, decreased by THB 190.94 million from 2018, mainly from dividend payment of THB 313.41 million. GFPT Public Company Limited Management Discussion and Analysis for

against death or payment upon life and the insured shall pay for the investment units in mutual fund via the life insurance company; “Advisor” means any advisor under the notification of the Office of the

the Year 2018 In the Annual General Meeting (AGM) on 1 April 2019, following the performance of the company and its subsidiaries, the dividend payment has been approved for the year 2018 at Baht 1.25

payment, the crude palm oil (CPOA) trading business for biodiesel and edible oil shall be operated by the Company only. Mrs. Chatchaya Tritrakulchai (regardless of operating by herself or cooperation with

payment of assets. Number of underlying ordinary share Total number of issued and paid-up shares of the Company 90,000,000* x 100 986,210,468 9.13 The entering into the transaction constitutes an asset

has made payment for the subscription, the securities company shall count in the value of rights to obtain capital increase shares as collateral and purchasing power or short sale power as from the date

(B) List of the Company’s Executives and Company Share’s Report of 2016- 2017 as of the Record Date on 10th October 2017 Dividend Payment Policy The Company pays dividends to the shareholders every

USD 1 per share) . The subsidiary had called up for the share subscription and received full payment at paid-up capital. o The Company via Bangchak Initiative and Innovation Center or BIIC, had invested