towards the trade war between the US and China that has caused market demand to contract. Marketing Business recorded an increase in total marketing sales volume, especially through retail sales which is

Nation Broadcasting Corporation Public Company Limited 3. Capital Increase Report Form (F 53-4) 4. Information Memorandum regarding the Allocation of the Newly issued Ordinary Shares to the Existing

the above-mentioned factors, the Company’s operating revenue in 2017 was THB 932 million, increased by 26.9% from THB 735 million in the previous year. Billboard revenue saw a significant increase of

- Translation - 1 K.C. Property Public Company Limited 202 Le Concorde Office Tower, 19th Floor, Room No. 1901, Huaikhwang District, Huaikhwang Sub-District, Bangkok 10310 Telephone. 0-2276-5924

Land has already owned, totaling size approximately 15 Rai, will be developed into residential project for sales. 2. To approve the increase in capital paid up of Takuni Land from 1,000,000, Baht to be

expectations and every effort will be made to maintain the positive trend we saw since 2018 although the competitive pressure continues to increase. The engineering business was a drag on EBITDA in 2019 however

value. Business Operating Results and Profitability Transaction For the Year ended 31st December (Unit: Million Baht) Year Increase (Decrease) 2017 2016 Amount % Total Revenues 614.82 611.14 3.68 0.60

3.51 0.15% 2.76 0.12% Property, plant and equipment 544.27 23.20% 412.07 17.45% Intangible assets 0.37 0.02% 0.57 0.02% Deferred tax assets 15.56 0.66% 17.90 0.76% Other non-current assets 11.94 0.51

and Administrative expenses (“SG&A”) increased by 11.7% YoY to THB 210mn. The increase was primarily from the aforementioned consolidation. SG&A to revenue ratio increased from 27.2% to 41.0%. The

trend we saw since 2018 although the competitive pressure continues to increase. Depreciation was in line with the same period last year and given that no major investments are planned this will be