revenue 40.7 30.9 Notes: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop Administrative expenses Administrative expenses mainly comprise

Interest-bearing Debt net of cash and cash equivalents 3Including rental and service income,marketing commission income, project management fee, interest, and others Management Discussion & Analysis

to 0.35 Million Baht. However, in Q2 2018, the Company has loss on short term investment amounting of 0.37 Million Baht and decreased in LPG depot rental of 0.33 Million Baht. While in Q2 2018 training

purchase agreements 2 Calculated from interest-bearing debt net of cash and cash equivalents 3 Including rental and service income, marketing commission income, project management fee, interest, and others

rental areas in existing branches and new outlets in the future so that the Company will receive extra income and draw customers’ attention. 95.12% 95.25% 95.64% 4.88% 4.75% 4.36% 2Q17 1Q18 2Q18 Sales

9.79 million baht, rental income from related company of 0.60 million baht, interest receive of 0.64 million baht, interest receive from related company of 0.12 million baht and others of 0.60 million

building of the rental in front of Miami Bangpu area. 4) Objective Is to provide a cash for the redemption of the mortgage from the Financial Institute. Therefore, use the redemption mortgage as a guarantee

Constructions in the rental area of Miami Bangpu Project, which the estimated values are Baht 466 Million. (The Appraisal is estimated by Altima Appraisal Company Ltd.,) 4 Total Value and Valuation criteria of

Component Sales Component by Brand 2 For the proportion of other income to total revenue, the Company was able to maintain proportionate compared to previous period. The Company targets to expand rental areas

: Saha Pathana Inter-Holding Public Company Limited Type of business : Invesment in share capital / rental and services / Industrial Parks Issued and paid up Capital : Bah 571,515,007 divided into