into year-end due to continued strength at our customers taking into account the normal seasonal effects” 2. Outlook Marco environment experienced some notable headwinds particularly in the tourism

conditions and increasing competition in the Japanese restaurant industry. Other brands such as AKA and On the Table were meanwhile able to maintain positive SSSG due to the strength of the brands and the

proven resilient in the past and we expect this to continue into the rest of 2019. The main lime consuming sectors of the industry were not immune to the disruption: the sugar cane harvest was down after a

moderated, while business and consumer sentiment worsened. As in Q2 also in Q3 the main lime consuming sectors of the industry were impacted by the macro economy. However, market feedback has given us

the underpricing of risks. The Thai economy in 2017 is expected to grow by 3-4 percent. The main growth drivers include export growth, in line with global economic recovery, that would propel production

quarter of 2018. The main reason was a decline of Baht 4,143 million or 25.3 percent in operating expenses, mainly because of the recognition of provision for post- employment benefits in the previous

current economy, including the downturn of several industries other than the main businesses of the Company, i.e. university business. After the disposal of its investment in NU, the Company would proceed

2017 continued to recover with exports and tourism as the main drivers. Exports grew by 12.5 percent from the same period last year across almost all products and markets, with the benefits now flowing

/2018 due to the maintenance schedule of main customer in the first quarter. In addition, comparing to Q2/2017, operating revenue had increased by Baht 1,104 million or 20% due to the increase in IRPC

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