Microsoft Word - MDA_E ไตรมาสที่ 2-2560.doc Management Discussion and Analysis: MD&A 1. Company Situation Revenue from the waste treatment business for Q2/2017 has slightly improved due the acquiring

transaction by acquiring shares in Thai British Security Printing Public Company Limited (“TBSP”) from Miss Sutida Mongkolsuthree (the “Seller”). Details of the transaction are presented as follows: Transaction

Re: Disclosure of Information and Practice of Listed Companies Concerning the Acquisition or Disposition of Assets, 2547 (“Notification of Acquiring or Disposition”). The value of the transaction is

“Acquired Joint Venture Company”) in proportion of 50 percent from Sansiri. By acquiring such ordinary shares, the Company will accept from Sansiri the transfers of claims on existing loan granted to the

= NTA of investment in the Company x The acquired proportion x 100 NTA of the Company 6.59% 2. Net Profit from Core business after tax = Net profit from the acquiring assets x 100 Total net profit of the

for acquiring additional stakes in Multi Sign, investing in Trans.Ad Group, VGM and Gold Star Group Company Limited (“GSG”). October • Incorporated a subsidiary company in Singapore namely VGI MACO

-owned of the Listed Subsidiary 2. The Construction of Wattanapat Samui Hospital Building Contractor: Waiting 3. Buying the Medical Instruments The Company will appropriately make a purchase from

from buying and transferring assets THB 129.1 MB and depreciation on useful life of asset in which increase for THB 15.7 MB. Liabilities The Company’s total liabilities as of 31 December 2019 and 2018

operations Overview of the retail industry in 2019, the growth rate was not very high at approximately 2.6 percent resulting from consumer buying power was slow due to economic conditions. In which the Company

within December 2017. Industry Overview In term of the retail industry in 3Q17, there has been constant low growth from the previous quarter due to the weakness in buying power especially for low-income