Industry and Competition 2 1.3 Regulatory Changes 2 2. Risk Management and Risk Factors 6 2.1 Credit Risk Management 6 2.2 Market Risk Management 6 2.3 Liquidity Risk Management 7 2.4 Other Risks Management

due to the unfavorable economic and industry conditions i.e. Thai energy drink market, according to Nielsen data, reduced by 2.8% in 2017 and shrank by another 3.6% in the 1Q/2018 as compared to the

bearing debt ratio Current portion of interest-bearing debt to the sum of interest-bearing debt ratio Financial institution loan to the sum of debt ratio Specific industry ration and financial ratio to

Exchange of Thailand Enclosure: Information memorandum regarding the acquisition of up to 40% shares of total paid-up capital in TSE Overseas Group Company Limited (List no. 1) Fortune Parts Industry Public

UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. FORM 56-REIT1 Annual Registration

increase of THB 46.6mn. All comparisons of changes in this report are based on the adjusted accounting policy and reclassification. 1 Backlogs include only sold units with sale and purchase agreements 2

MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

although slightly lower than the record breaking 2017/18. The steel industry grew an impressive 10% so far in 2018 and while this type of growth is unlikely to be sustained the size of the market now means

data to consumers, the market volume of energy drink industry in Thailand showed a sluggish growth at 0.7% while Carabao Dang energy drink remained the 2nd largest brand, commanding 21.4% volume share

register the transfer of ownership of Land and Buildings to the Purchaser at the authorized Land Office by 30 April 2019. The Purchaser has the right to use Land and Buildings under this agreement only after