increased from the uncontrollable of sales expenses such as oversea travelling expenses etc.  Administrative Expenses Q1/2018, the Company and its subsidiaries have the expenses of 19 MB decreased from Q1

100% General characteristics of transactions: AFS provides the business administration and support to the oversea subsidiaries in order to grow and develop AFS subsidiaries’ business. AEONTS and its

provides the business administration and support to the oversea subsidiaries. AEONTS and its subsidiaries enter into “Business Administration Agreement” and pay management fee to AFS total transaction is

oversea entities to ensure sustainable growth in the future. Besides, the company has a policy to maintain both gross and net profit margin of the real estate business to inline with the average of the past

g the revenu “The Jas xpects to ope ect which loan busine y both sale gy among co s following; g m a unique d ness gain m er in Debt Ma arget for 30,0 t acquisition s in oversea he oversea thin Q3

. The oversea subsidiaries are continue growing in the future. However, the company has continued launching promotions with motorcycle manufacturers and suppliers, i.e., Honda and Suzuki. 3 - Others For

appliances, mobile phone and etc. in oversea business, sharing 3% of total turnovers. The consolidated revenues from hire purchase were 148 million baht, showing an increase of 57 million baht or 63% y-y and

in both Thailand and oversea. Moreover, they will get 50% cash back when purchasing a second Thai Airways Business Class Air ticket by using AEON Royal Orchid World Mastercard as well as can access to

2018, motorcycle and used car hire purchase in Thailand and electrical appliances, mobile phone and etc. in oversea business, with the revenues of 190 million baht, the same level as last year and hire

percent in 1Q18 due to the performance of operation from the oversea restaurants and the increase of selling general and administrative expenses (SG&A) from bakery shop and restaurant in domestic. -4- The