In May 2019, Solarwa Project and TPS Commercial Project successfully completed Baht 2,200 million debt refinancing with interest saving rate approximately 2.0% p.a. or Baht 119 million throughout the

Page 2 Management Discussion and Analysis 1. Significant events in the first Quarter of 2018 1.1 The progress in construction projects 1.1.1 Process of construction - Xayaburi Project, a project of the

. These matters are being taken up by the Steel Associations and with the Government at various levels and the Government are taking steps to address the issues. Significant steps are – • The announcement

due to the significant revenue growth of Kasemrad Hospital Ramkhamhaeng, the opening of new specialized medical centers, seasonal epidemic, and the higher diagnostic and treatment capability of the

gross profit margins. Therefore, such significant rise in sales from these two categories lowered the average gross profit margin from domestic sales. Gross profits margin 3-month period ending 9-month

FX losses was only accounting implication and did not affect the Company’s cash flow or its operating performance. • Finance costs decreased by 26.1%, mainly from significant decrease in cost of fund

regarding to the Capital Market Supervisory Board Announcement TorJor20/2551 about the regulation on significant transactions subjecting to be an acquisition or disposition of assets, effective on August 31

maximum. This transaction is categorized as the asset’s acquisition of NDR regarding to the Capital Market Supervisory Board Announcement TorJor 20/2551 about the regulation on significant transactions

acquisition of NDR regarding to the Capital Market Supervisory Board An nouncement TorJor 20/2551 about the regulation on significant transactions subjecting to be an acquisition or disposition of assets

%, representing 18.4% of total sales, a decrease from the ratio of 22.8% in the corresponding period last year. This was mainly due to a significant decrease in selling expenses in the UK market under the operation