refinancing in May 2018). These could be only partially offset by Baht 105 million additional NNP contribution form portfolio expansion and cost saving. • NNP / NNP - owner of the parent in 6M’2019 decreased

THB 1,162mn. The key components are cash received from RO proceeds of THB 1,376mn which was partially offset by cash used for 1) dividend payment of THB 182mn and 2) settlement on payables for

was partially offset by a decrease in cash used for 3) an investment in subsidiaries of THB 198mn and 4) dividend paid of THB 153mn. 12-MONTH CASH FLOW SNAPSHOT KEY FINANCIAL RATIOS 2018 (Restated) 2019

assets amounted to THB 1,882 million, decreased by 58% from the year ended 2018 mainly due to the decrease in inventory by THB 2,495 million partially offset by increased in cash & cash in banks by THB 223

our focus on acquiring quality subscribers, we expect an improvement of handset sales with a near-zero margin contribution. This will partially be offset with a full-year recognition of payments to TOT

which decreased by 9.30% which partially offset by 6.77% higher selling price comparing to 2Q2016. GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2017 Page 4 of

a near-zero margin contribution. This will partially be offset with a full- year recognition of payments to TOT for the use of spectrum, towers, and equipment. Overall, we expect the consolidated

EastVille, CentralPlaza WestGate, CentralPlaza Chaengwattana, CentralPlaza Salaya, CentralPlaza Chiangrai, CentralFestival Pattaya Beach and CentralPlaza Pitsanulok  Resilient performance of partially

partially offset by 1) a decrease in trade and other payables of THB 162mn owing to the payment on investment purchase of Multi Sign and COMASS, 2) a decrease in dividend payable of subsidiaries of THB 21mn

, occurred since global financial crisis in year 2008, for in an amount of USD 91.59 million. The entire debts has been partially converted in form of debt-to-equity conversion and some portion has been