E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained

well as other marketplaces e.g. Shopee, Lazada etc. Industry Overview Thai economy in 4Q19 was slowdown. On the domestic front, private consumption indicators suggested expansion in all spending

expansion plan to increase the service area and create a referral network to various regions. The Company aims to grow in revenue at the growth rate of 10 - 15 percent per year with proper profitability ratio

 Analysis Quarter 1 2018 sales revenue for the group increase 10% year‐on‐year in USD terms to USD 165m in Q118 from USD 149m in Q117. The average exchange rate for Q118 was 10% stronger at THB/USD 31.5 from

in loans 141 80 62 77.4 Others 5 5 (0) (1.8) Interest expenses totaled Baht 1,386 million, an increase of 21.2% yoy from the growth in deposit consistent with the overall expansion in loan portfolio

continuously improved, mainly due to a growing number of exporting goods by 10.9 percent. This expansion was said to be at the highest rate in 4 years. The private consumption has also increased with declining

-time employment to support the growth of business and in the increase of salary in according to the Group’s human resources policy, and (2) other administrative expenses ranging from office expenses

 production equipment will follow the increase in sales, particularly in the IC division. However, there is a 3 to 6 month time lag due to the ordering lead time. Plant expansion will depend Page 2 of 3 on the

 follow the increase in sales, particularly in the IC division. However, there is a 3 to 6 month time lag due to the ordering lead time. Plant expansion will depend on the current building utilisation and

equipment will follow the increase in sales, particularly in the IC division. However, there is a 3 to 6 month time lag due to the ordering lead time. Plant expansion will depend on the current building