proceeds of this Transaction UWC expects to apply the proceeds derived from this Transaction as follows: 1. Repayment of secured bonds worth THB 300 million which will become mature in March 2021; 2

at 21% respectively. 1.1.2 Others Income Others income was of Bt11.4million, a decrease of Bt7.4 million or 39.4%(y-o-y). Since lower interest income as investment in short-term Government bonds has

, the Company incurred Bt.136mn of financial costs, increased by 115% YoY, mainly from the convertible bonds issued in July 2017. Compared to that of the preceding quarter, 1Q18 financial costs increased

increased because the Company increased investment in government bonds. • Net cash used in financing activities was used in the annual dividend payment. Analysis of Liquidity. Transaction For the Year ended

, interest income from convertible bonds, as well as return from investing surplus cash in money market products. Cost of Services Our cost of service increased by 43.87mb or 16.4% to 332.39mb (2018: 285.52mb

and Lending of Securities to Non- Institutional Clients for Making Short Sale (No. 9) dated 3 October 2008. -7- (e) 17 Thai government bonds; (f) 18 Bank of Thailand bonds; (g) 19 bonds or debt

income in 2018 was Bt52.3 million, decreasing by 11.2%(y-o-y) since lower interest income as the investment in short-term Government bonds have been reduced due to the proceed of investment in the Northern

income in 2018 was Bt52. 3 million, decreasing by 11. 2% ( y- o- y) since lower interest income as the investment in short- term Government bonds have been reduced due to the proceed of investment in the

19.72 million, an increase over the same period in 2017 of THB 1.71 million, or 9.49%, due to expenses from the issuance of THB 210.00 million of bonds in June 2017. However, the Company managed to

523.15 30.00 (493.15) -94.27% Current portion of bonds 599.04 606.78 7.74 1.29% Other current liabilities 173.49 210.43 36.94 21.29% Other liabilities 16.48 18.79 2.31 14.02% Total liabilities 1,312.16