second portion of the loan of USD 30,000,000, or equivalent to THB 1,035,276,666.67, (the “2nd Loan Portion”) as capital expenditure, as working capital, and for other debt repayments of the Company as

loan of USD 30,000,000, or equivalent to THB 1,035,276,666.67, (the “2nd Loan Portion”) as capital expenditure, as working capital, and for other debt repayments of the Company as approved by Link

the EEC. Three MOUs have already been signed for development of the aviation and logistics industry including MOU for aircraft maintenance center, MOU for air cargo development, and MOU for aviation and

was air cargo transportation was 73.18 million baht, an increase of 39.44%, with the increase in gross profit due to increased revenue. Revenue from Cross Border Service for the first nine months of

in the process. Major projects in progress such as the Project of the development for train tracking system and cargo management of the State Railway of Thailand, the GDCC Service Expansion (VM

the second half of the year. However, government expenditure was slightly decline as well as the contraction on agricultural and construction sector. The Thai economy in 2018 is expected to expand more

shareholders’ equity. 4.2 Capital expenditure In the year 2018, the Company had capital expenditure for the replacement of electrical equipment and machine accessories amounted 17.82 million Baht. 7 /8 ( ) Union

from the year 2017. This is because the government expenditure budget focused on the infrastructure and transportation, while the expenditure in information communication technology did not increased

Equity ratio 0.11 times, lower than that of 2016, i.e. 0.16 times, indicating low relative proportion of debt and shareholders’ equity. 4.2 Capital expenditure In the year 2017, the Company had capital

Quicklime in 1Q 2018. Investments in capital expenditure have also reduced significantly with continued focus on Capex discipline. There will be increased expenditure in the coming months however this is