par value of preferred shares is 10 Indian Rupees per share 2.3. The management of the Company has appraised the share price of the Joint Venture Company by using the Discounted Cash Flow method (DCF

million or 209.69% growth from that of Baht 454.21 million as at December 31, 2017, mainly attributable to increases by Baht 24.89 million in cash and cash equivalents following the initial public offering

amounting of 3,029.84 Million Baht or 388.85 Million Baht increased when compared to December 31, 2017 of 2,640.99 Million Baht as cash and cash equivalents decline of 44.33 Million Baht, more temporary

mainly due to cash and cash equivalents short term loan from financial institutions decreased due to the repayment of packing credit and short term loans- letter of credit that matured during the period

Baht and money from exchange rate of 7.86 Million Baht (2) Gross Profit Quarter 1-2020 Company and its subsidiaries has gross profit from selling products and projects as amount of 21.58 Million Baht or

Million or 2 percent. Total shareholders’equity amounted to Baht 31,950 Million, representing an increase by Baht 771 Million or 2. 5 percent when compared to the end of the year 2017. Cash Flows For the

period of new branches. However, the cost of food and beverages for core brands was well-controlled and even decreased from the previous year. Selling and Distribution Expenses (1) For the years ending 31

issuing fee and sales of Rabbit cards and 2) an increase in insurance commission revenue as well as banner advertising from Rabbit Internet. Cost of Sales increased 39.1% YoY from THB 256mn to THB 356mn

as follows: - Cash and cash equivalent increased by 89.1 MB due to cash received from share incremental of 273 MB. - Temporary investment increased by 21.3 MB. - Inventory increased by 15.7 MB. 283/99

Services segment as well as positive order intake in the Outdoor media product group. The expansion to include Digital services business (Rabbit Group) constitutes a cornerstone of the VGI Group’s strategy