Travel Channel Agency, which is existing shareholder, at the different price which is higher than the par value is due to the fact that the Company has considered the value of Hero Experience which

” or “CPN”) in 3Q18 shows total revenue of THB 9,499 mn, a decrease of 15.2% from the same period in the previous year (YoY), and net profit of THB 2,928 mn, a decrease of 51.1% YoY, mainly due to the

consideration. The Company will utilize the proceeds from the capital increase to redeem debentures of the Company Group and/ or repay loans from financial institutions due to the group issuing and offering bill

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

2017. This was mainly due to the termination of the satellite television co-production agreement before the due date with M.V. Television (Thailand) Co., Ltd. for 16 satellite television channels of

2016 due to the government has realized the importance and necessity in integrating the information technology to the economic and social sectors by placing certain policies as a stimulus; for instance

due to the stimulus policy from the government in relation to telecommunication industry giving a positive impact towards the Company in winning many new contracts and consequently resulting in a

total revenue in Q4/ 2016. The slight decline in gross margin incurred due to the recognition of project with lower gross margin in this quarter. Lastly, net profit is equivalent to 21.94 million THB or

of cost of goods sold so cause gross loss. Total revenue decreased due to the decrease of sale volume and selling price. Sale volume decrease cause by production volume decrease. Both company and

decelerating rate from 1.9% in the previous year, due to the delay of government’s budget allocation. Hence, the NESDB has cut down its growth forecast for the Thai economy in 2024 to the range of 2 .0%-3.0%, in