adversely affect the determination of budget allocation for each marketing tools. Moreover, the current economic circumstances have not positively encouraged the operation as anticipated. At present, Blue

long- term financial resources to replace and will support the risk from the use of funding sources that are not consistent with the cash flow from operations of the project. In addition, The issuance of

budget from cash flow in our business process and those Loan from Financial institution. 9. Opinion of the Board of Directors and Audit committee All directors and Audit committee is totally agree that

barely changed yoy. Cash and cash equivalent decreased 19% due to the spending of some internal cash flow to acquire the remaining shares of the subsidiary in 1Q’18. Trade receivable increased because of

is a key performance indicator which is applied by other operators in the same business and various investors for the estimated cash flow of NPL management businesses. Cash collection from NPL

events, resulting cash flow throughout the events all the year. And the Company also organized E- Sport event, race for Chombueng Marathon project, 10K Thailand Championship run project, sport tourism, etc

of Funds Cash flow from operations. 6. The benefits of the listed company 1. To be learning center, and exhibition and product promotion center for Vanachai Group. 2. To increase more business channel

financial liquidity of the Company. However, if the company is not allowed for changing the objectives from the processing mentioned above, The Company will use the budget from cash flow in our business

the objectives from the processing mentioned above, The Company will use the budget from cash flow in our business process and those Loan from Financial institution. 9. Opinion of the Board of Directors

การบริหารเงินลงทุน (business model) และลกัษณะของกระแสเงินสดท่ีคาดวา่จะไดรั้บ (cash flow characteristics) แทนการพิจารณาจากวตัถุประสงคก์ารถือครอง ซ่ึงจะมีผลต่อการจดัประเภทของ เงินลงทุนในตราสารหน้ีท่ีจะถือ