capital of THB 187,436,954,750 by issuing not more than 27,732,242,204 newly issued ordinary shares, at the par value of THB 5 per share: (1) To accommodate the allocation of 3,425,090,482 newly issued

share at 66.3% contracting 1.7% QoQ and 13.7% YoY to THB 17,359mn, followed by Traditional media (Newspaper, Magazines and Radio) which has 13.1% market share or THB 3,418mn, declined by 4.8% QoQ and 25.5

on total sales and net profit either increasing or decreasing from changes of inventory at the end of period.  In Q1/2019, the Company and its subsidiaries recorded total sales of Baht 1,302 million

statement on total sales and net profit either increasing or decreasing from changes of inventory at the end of period.  In Q1/2019, the Company and its subsidiaries recorded total sales of Baht 1,302

and we are seeing some volumes repatriated on the Thai market increasing domestic competition. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2019 3

andum regard ers g Corporation n October 4, s follows: se to the Extra ed capital of B 09.00 by decre 907,153 share Association o ecutive Comm managing di of Association ry action to co se to the Extra d

) & NRV -233 -33 606% -62 276% Adjusted EBITDA(1) 444 345 29% 449 -1% Adjusted EBITDA Margin (%) 9.6% 8.1% 1.5% 8.6% 1.0% Net Profit 64 145 -56% 251 -75% EPS (Baht/share) 0.06 0.20 -70% 0.24 -75% Note : (1

conditions and increasing competition in the Japanese restaurant industry. Other brands such as AKA and On the Table were meanwhile able to maintain positive SSSG due to the strength of the brands and the

declined by 11.3% YoY to 26,185mn in 1Q 2017/18. The TV sector with the highest market share at 66.3% fell 13.7% YoY to THB 17,359mn and Traditional media (Newspaper, Magazines and Radio) with a 13.1% market

324.92 285.34 (39.57) (12.18%) 1,060.36 991.54 (68.82) (6.49%) Earnings per share (EPS) 0.20 0.17 (0.02) (12.18%) 0.64 0.60 (0.04) (6.49%) Note: 1) Revenue and Cost that were recognized when there is