season, increased domestic project sales, and slight growth from online sales. Regarding overseas sales, the growth was supported by 2 new franchise stores in Vietnam, growth from OEM and trading, and

policy regarding the recognition of long term loans from the related 18 ASIA’S BOUTIQUE AIRLINE parties, in another word, the sub-lease agreement from SPF. The revised policy stipulated that the Company

household purchasing power remained weak. Despite improvements of both farm and nonfarm income, households’ purchasing power is compressed by the high debt burden and the waning confidence regarding

sub-lease agreement and the variable portion based on the number of departing/arriving passengers from and to Samui Airport. However, in 2013, the Company had revised its accounting policy regarding the

Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussion and analysis regarding consolidated financial performance and position of the Company and subsidiaries

passengers from and to Samui Airport. However, in 2013, the Company had revised its accounting policy regarding the recognition of long term loans from the related parties, in another word, the sub-lease

/or its subsidiaries shall be under the rules, condition, and regulation of the Capital Market Supervisory Board No. Thor.Jor. 32/2551 regarding offering securities newly issued for sale to the

Samui Airport. However, in 2013, the Company had revised its accounting policy regarding the recognition of long term loans from the related parties, in another word, the sub-lease agreement from SPF. The

resolution of the shareholders meeting to amend the Articles of Association regarding the rights to vote and to receive dividend payment, which is unfair in the view of such shareholder; (2) The Company may

a shareholder who votes against such resolution of the shareholders meeting to amend the Articles of Association regarding the rights to vote and to receive dividend payment, which is unfair in the