% % Administrative expenses to sales 11.1% 10.7% Finance costs 16.4 16.2 +2% Share of profit (loss) from investment in subsidiaries and joint ventures (1) (1.5) +35% Tax (income) 0 (16) +101% Net profit (loss) major

Share Acquisition”). After the acquisition, the percentage shareholding of VGM in PBSB shall increase from 25 percent to 65 percent of PBSB’s total share. VGM expects the PBSB Share Acquisition to be

and acquisition of shares from the existing shareholder (the “Share Acquisition Transaction”. Details of the Share Acquisition Transaction are as follows: 1. The subscription of newly issued shares of

.   ______________________ Note:   *Regulatory Guillotine refer to a rapid, transparent, and low-cost method coupling with stakeholder participation to review existing laws and

, flexibility to follow rapid changes in customer demand) are highly valued by our customers. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2018 3. Financial

application of the products, flexibility to follow rapid changes in customer demand, new product development). Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30

ordinary shares of the Company at an offering price of Baht 7 per share, to re-negotiate the conditions of investment in S- TREK shares with the Company, since such offering price of Baht 7 per share which

amount of THB 259.36 million, or equivalent to the dividends at the rate of THB 0.036 per share (3.60 Satang per share) (There were 1,100 shares held by the shareholders who were disqualified to receive

each. The Company paid for paid-up share capital, in a portion of 10 percent, in the total amount of Baht 700 million (Baht 350 million each). On June 16, 2017, NBM and EBM have entered into the

, at a par value of Baht 10 per share, at a selling price of approximately Baht 33.33 per share, equivalent to the total value of Baht 510,000,000, (the “Investment in Ordinary Shares of S-TREK”) which