investment in joint venture and income tax 12.38 19.89 9.38 17.21 (7.83) (45.50) Share of loss from investment in joint venture 0.00 (1.00) 0.00 0.00 0.00 N/A Profit before income tax 12.38 18.89 9.38 17.21

-TRANSLATION- 28 February 2018 Subject : Management Discussion and Analysis for 2017 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in

business Therefore, the company has increased expenses in the new business such as transportation cost which is the main distribution cost of palm oil trading business and administrative expenses in the

-TRANSLATION- 15 May 2018 Subject : Management Discussion and Analysis for Q1/2018 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in

the recognition of trade receivables. The inventories decreased by 18.35 million baht due to the inventory day management decreased. In addition, the Unbilled receivable for project decreased by 34.79

prospectus or by contacting the AMC managing their LTF**. The offering period for Thai ESGX, as well as the transfer window for LTF units, will run for two months, from May to June 2025 in accordance with the

the fund invests or will invest in the units of any fund established under foreign law (excluding the funds with the main objective of investing, whether directly or indirectly, in property and

the main reason that the Company has a net loss from operation since the selling price of biodiesel has decreased according to the price of crude palm oil in the market, while the price of crude palm

current economy, including the downturn of several industries other than the main businesses of the Company, i.e. university business. After the disposal of its investment in NU, the Company would proceed

statements of owned hotels overseas (USD and Peso against the Thai baht), Dusit Thani Maldives Hotel still reported higher average room rate per night (in USD currency) and higher occupancy rate from the main