development. The SEC urged TIA to consider the possibility to become independent investment advisory institute supporting Thai capital market development. The institute could be a center for investor education

$158 million to IVL core EBITDA in 2018. Going forward, this segment is expected to absorb significant growth capex as we leverage our learning in related industries and grow geographically using our IP

Bangkok Hotel of THB 42 million. In 2018, the Company reported total revenue of THB 5,565 million, a relatively flat from that of last year, despite the decrease in revenue from Education business, the

2Q 2019 - MD&A (for three-month period ended 30 June 2019) 3 U CITY PCL SEGMENTAL PERFORMANCE 2Q 2019 REVENUE CONTRIBUTION BY SEGMENT 2Q 2019 REVENUE GROWTH CONTRIBUTION This quarter, the hospitality

-68.42% Operating results for each business segment are shown below: 1. Manufacturing and Selling of Special Cutting Tools unit: THB million 2019 2018 Change (THB million) Change (%) Revenue from External

41.24% Operating results for each business segment are shown below: 1. Manufacturing and Selling of Special Cutting Tools unit: THB million 2020 2019 Change (THB million) Change (%) Revenue from External

3 1 August, 2 0 1 7 considered and approved the disposition of the subsidiary is engaged in education related business. As a result, operating results for the three months ended the first quarter

-123.26 -70.72% Operating results for each business segment are shown below: 1. Manufacturing and Selling of Special Cutting Tools unit: THB million 2019 2018 Change (THB million) Change (%) Revenue from

-74.72% Operating results for each business segment are shown below: 1. Manufacturing and Selling of Special Cutting Tools unit: THB million 2019 2018 Change (THB million) Change (%) Revenue from External

45.00 137.32 -92.32 -67.23% Operating results for each business segment are shown below: 1. Manufacturing and Selling of Special Cutting Tools unit: THB million 2019 2018 Change (THB million) Change