LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2018 2 2. ECONOMIC SITUATION Thai economy in Q3/2018 continuously grew. Export-oriented manufacturing businesses expanded for specific sector, automobile

of the Company and the price of the securities of the Company. 2. To eliminate the obstacles to support the automobile export capacity in the future in the case that the A5 port operates at full

sales of light vehicles, U-shape recovery is expected with easing of situation and financial support given to Automobile sector by European government. Capital Expenditure Program IVL expects its balance

Location North Xihuanghai Automobile Accessory, Century Avenue, Rushan Economic Development Zone, Rushan, China Capital Structure Registered Capital: Sakthi Bethel has a registered capital of RMB 5 million

Xihuanghai Automobile Accessory, Century Avenue, Rushan Economic Development Zone, Rushan, China Capital Structure Registered Capital: Sakthi Bethel has a registered capital of RMB 5 million (number of shares

คม 2555 ทีตั งสาํนักงานใหญ่ นอร์ท ซิหวงไห ่ออโตโมบิล แอกเซสซอรี เขตพฒันาเศรษฐกิจหลูฉ่าน เมืองหลูฉ่าน ประเทศสาธารณรัฐประชาชนจีน (North Xihuanghai Automobile Accessory, Century Avenue, Rushan Economic

ซิหวงไห่ ออโตโมบิล แอกเซสซอรี เขตพฒันาเศรษฐกิจหลูฉ่าน เมืองหลูฉ่าน ประเทศสาธารณรัฐประชาชนจีน (North Xihuanghai Automobile Accessory, Century Avenue, Rushan Economic Development Zone, Rushan, China) โค

, especially India, which had automobile sales increase from the expansion of their middle class income population. Supplies, however were stagnant due to various refineries production shutdown, especially major

same type of the car the transaction value  Source of Fund : the Company’s working capital  Objective of the transaction : Executive’s vehicle  General Characteristics of the connected transaction

. For the 9 months period from January to September, total vehicle production volume growth was driven by strong domestic car sales, which grew 20.3% year on year. Export volume grew by 1.0% compared to