or 35.92%. This was mainly due to the increase in the number of office employees to support the branch expansion plan. Moreover, in February 2017, the Company recorded the expense for the annual staff
declarations of the state of emergency including gradually closing the international inbound and outbound travels to stop the spread of the disease. In Thailand, the state of emergency was declared as well and
close the sales through their branches more than 2 months together with the decrease of sales via ELEGA showroom that had been stopped the business from the adjustment of the business strategy by closing
due to decreased of the revenues from Ibis Style Hotel Chiangmai by THB 4.89 million causing from low season together with economic slowdown impact and closing partial hotel area for renovation. For
shareholders whose names appear in the share register of the Company. The closing date of the Company's share register to determine the list of shareholders. : After the office of the Securities and Exchange
(THB) and the accompanying pages are an integral part of this report. The accompanying pages report the Reviewed THB results and its translation into US Dollars at average exchange rates and closing
translation into US Dollars at average exchange rates and closing exchange rates where applicable. Readers should rely on the THB results only. IVL has presented the analysis in the MD&A in US$ as it believe