reserve in its accounts. Please be informed accordingly, Yours sincerely, Mr.Opas Cherdphan Chief Executive Officer M Vision Public Company Limited

%) Administrative expenses (23.09 ) (22.26 ) (0.83) 3.73% (34.22%) (39.43%) Other Expenses Doubtful accounts (0.57 ) (0.66 ) 0.09 (13.64%) (0.84%) (1.17%) Finance costs (13.07 ) (17.95 ) (4.88 ) 27.19% (19.37

margin loans in 2019 was Baht 137 million, a decrease of 16% from the previous year. The decrease was due mainly to a decrease in the size of the Company’s credit balance accounts during the year. As at

million, mainly due to increase in trade accounts receivable while non-current assets decreased by Baht 115 million, mainly due to decrease in property, plant and equipment. Liabilities Total liabilities as

Including the administrative expenses of the property development business from the purchases in last quarter of 2017. 4. Bad debts and doubtful accounts decreased from the previous year by Baht 10. 57

% from the same period of the last year due to a forex loss of 6.01 million baht and a reversal of doubtful accounts 1.50 million baht. Administrative expenses in the first half of 2017 increased by 8.43

14 Unit : Million Baht 30 June 2017 31 December 2016 % Increase (Decrease) Assets Current assets Cash and cash equivalents 621 623 (0%) Temporary investment - trading security 94 - 100% Trade accounts

%. This is because there is no allowance for doubtful accounts in this period. 4. The Financial Cost is Baht 8.85 million which is Baht 1.94 million or 28.15% higher than the year of 2016. It is a result of

percent compared to year 2015, due to decrease of salary, employment benefit, doubtful accounts, fees and other administrative expenses which are in line with the Company’s organizational management as

increase of salary, employment benefit, doubtful accounts, fees and other administrative expenses which are in line with the Company’s organizational management as aforementioned details. 5. Finance Costs