is also proceeding according to plan, which was 25% complete by end December. We expect to finish construction of the international school by 1Q 2020. MANAGEMENT DISCUSSION & ANALYSIS 2018 14 FEB 2019

the global market. Meanwhile, the demand for stainless steel started to increase as the country's economy began to grow steadily as the result of the export sector, private consumption, tourism sector

boost of the export activities, private consumption and tourism sector. However, the net profit margin was lowered from the increase in selling and administrative expenses while gross margin stay flat

Assets and Connected Transaction for the Entire Business Transfer and Allocation of Securities to the Specific Investor (Private Placement) To The President The Stock Exchange of Thailand Attachment 1

of 100:1, (ii) a minor capital increase through a private placement, for the purpose of facilitating the reverse stock split via a rounding of fractional shares and (iii) a capital reduction for the

expertise engineering team that can support completed solution including all after sales service activities. The group of customers are both of government unit and private companies. Main projects agreed and

landfill is complete. However, the landfill cannot be used until authorities have checked the landfill and issue the permit. The permit is expected to be issued by Q3/2018. A new recycling plant (for non

1 Ref. 29/01/36 19 June 2020 Subject: Notification on the Entering into the Public-Private Partnership Agreement for the U-Tapao International Airport and Eastern Aviation City Development Project To

respectively in which the main current assets held by the company accounted for 64. 2% and 80. 1% respectively of the total assets. The company current assets as of year- end of 2016 and 2017 was the finish

excess of their shareholding on a private placement basis to Mr. Somprasong Panjalak who are not a connected person of the Company, at the offering price of THB 1 per share (the “Private Placement Offering