E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through support of investment and private spending as well as bolstering opportunities for other econo...

Acquisition or Disposition of Assets B.E. 2547 (2004) dated 29 October 2004 (as amended) ( the "Notification on Acquisition or Disposal of Assets") . The highest transaction value is equal to 27.07 percent

appropriate to determine the fair price for disposal of such assets (the “Fair Price”) on a lump sum basis equal to the value appraised by the valuers, namely Global Asset Valuer Co., Ltd. and Agency for Real

shares with a par value of Baht 100 each; in the amount of USD 4,303,040 or equivalent to 134.9 million Baht, and from Goldman of 576,300 shares with a par value of Bath 100 each; in the amount of USD

equivalent position to the fourth executive and shall include the persons holding the position of manager or equivalent in accounting or finance departments. The Corporate Group’s total expenses in the 3rd

decrease of 30.45 million Baht from the same period last year, equivalent to 11.52% 1.1 Revenue from sales was 233.79 million Baht, decreased from the same period of last year by 30.45 million Baht or 11.52

31st December (Unit: Time) 2018 2017 Current Ratio 5.86 5.90 Quick Ratio 2.81 3.08 Inventory Turnover 2.91 3.37 • Current ratio was 5.86 times, decreased from the year 2017 which was equivalent to 5.90

previous year in the amount of THB 296 million or equivalent to a decrease of 3.9 percent as a result of the operating results of Domestic restaurant and bakery business and overseas restaurant business that

was amounted to Bt939.9 million, a decrease of Bt110.7 million or 10.5%(y-o-y) and equivalent to earnings per share of Bt1.47. The net profit margin was of 24. 5%. Thus approximately 97% of the Net

61.14 % of its revenue from real estate sales. This is equivalent to an increased by 6.19 % from the same period last year. For the period of six months, the cost of sales was 270.39 Million Baht or 65.59