Results Analysis on Previous Operation According to the economic situation in 2016, the capacity and sales of automobile and motorcycle manufacturing industry which is the main business unit of the Company

operations and as the Company repaid the long-term loan in advance. As of 30 June 2017, Net Interest-bearing Debt to Equity improved from 0.45 to 0.37 times as a result of lower debts and higher equity

Ref No. CC20170803ELE August 10, 2017 Re: Clarification of the changes in operation performance for the second quarter and the first half ended June 30, 2017 Attn: The President The Stock Exchange of

% 57 6 51 871% According on the table above ,the consolidated financial statements for the period ended June 30, 2017 showed that the net profit from operation amount of 34 million Baht had increase 30

year 2014 and vary from the increased of revenue from property sales as detailed shown in the below table of revenue from business operations performance. Particulars Year 2015 Year 2014 increase

transactions to cash, deferred income tax assets and assets not used in operation. (Unit: Million Baht) Liabilities 31 Dec. 2019 % 31 Dec. 2018 % Bank overdrafts and short-term loan 83.00 10% 10.00 2% Trade and

Management Discussion and Analysis for Interim Business Operations 2019 % 2018 % Inc./(Dec.) % Construction Income 150.24 92.91 21.63 87.82 128.61 594.59 Service Income 9.70 6.00 0.41 1.66 9.29

“Subsidiary”) in which the Company holds 99.99% shares and it had operated no business. Therefore, the dissolution of the Subsidiary does not affect the business operation of the Company, it will be only the

Microsoft Word - MD&A Q2-2019 (revised 2) (1).docx                 August 6, 2019 Reference no. RWI /RY/011/2562 Subject : Management’s Discussion and Analysis of Business Operations of the Second

commission on the sale. 2.3 Administrative Expenses of Baht 53.89 Million. The items are usually staff salaries and fees related to the operation of industrial estate projects. 2.4 Extra expenses incurred in