office or which may affect the company’s credibility should it undertake fund management business; (3) The management company has shown that it has prepared, for the operations of the branch office to be

prepared, for the operations of the branch office to be established, the operating system that is appropriate for servicing customers and is consistent with practices set out under the rules prescribed by

as calculated based on the total value of consideration criterion, which gives the highest transaction value (according to the latest reviewed financial statements of the Company for the period ended

considered and based on the investment offer of Hero Experience under which the equity required for the development of the Project equals the value of the shares to be issued to the Company. Based on

) Industrial and chilled water Revenue (THB million) Natural gas (SPP) Maintenance fee Other raw materials Cost of sales and services (exclude depreciation and amortization) (THB million) Management Discussion

of not more than Baht 15,000 million2 will result in the total transaction value of not more than Baht 29,500 million, equivalent to the transaction size of 71.81 percent as calculated based on the

from deferred tax for the amount of THB 28.6 million. The net amount after amortization was 24.1 million in year 2017 Revenue from Hospital Operations Revenue from hospital operations in the fourth

follows: Statements of Comprehensive Income for the 2nd Quarter Ended June 30, 2019 Revenue from Hospital Operations Revenue from hospital operations in the second quarter of 2019 (“2Q’19”) was THB 422.77

290.50 16% Revenue from Hospital Operations 383.47 331.95 16% 766.39 645.80 19% Cost of hospital operations 274.71 237.95 15% 532.07 464.83 14% Gross margin 108.76 94.00 16% 234.33 180.97 29% % Gross

for the amount of THB 28.6 million. The net amount after amortization was 25.0 million in the first 9-month period of 2017 Revenue from Hospital Operations Revenue from hospital operations in the third