and the overall cost control measures are well implemented so that to serve as a tailwind factor to our ability to effectively manage SG&A expenses. 4 Financial expenses Our financial expenses in Q2

effectively manage SG&A expenses. 4 Financial expenses Our financial expenses in Q2/2017 amounted to THB 5 million, up by THB 4 million from the corresponding period last year. It was due to our multiple

total revenue was decreased from 2017 to 8.13% or decreased by 7.58%. This is due to the fluctuation of CPO’s price in 2018 were less than in 2017, where the company efficiently manage production yields

39.00 million Baht or 1,270%. Although the Company will continue to manage controlling of inventories turnover to be less than 45 days. The Crude Palm Oil (“CPO”) price was fluctuated in the 1st quarter

mainly from the Company purchased some investment units to manage the liquidity. 2. Decrease in short-term loan to related parties of THB 138.9 mm, because of receiving loan repayment from an associate. 3

utilization to manage fixed costs, and most importantly focus on cash management to enhance liquidity. In Q2/2019, with our mentioned efforts, we have recognized apparent expenses decrease. The H2/2019, the

of THB 39,000. After the acquisition, Master & More holds 100% of Open Play’ total shares. Open Play is a company that was granted the exclusive rights from PTT Public Company Limited to manage

focus will be Vienna House where we work on the solution to manage accounting currency fluctuations and take appropriate steps where prudent to mitigate any deleterious effects. …………………………………. (Miss

Management Discussion and Analysis 3Q18 and 9M18 P a g e | 2 On 18 September 2018, the Company has taken full control interest in LVM Holdings Pte Ltd which market and manage 220 luxury villas / vacation

optimise the efficiency of our overseas investments, which in turn is expected to deliver significant shareholder value. This includes progress in finding solutions to manage accounting treatment of currency