foreign ETF operator is not subject to limitation or suspension of business or revocation of license or registration as securities business operator by foreign regulator, and such certification shall be

Management Discussion and Analysis for Interim Business Operations Financial Performance for the year ended December 31 , 2018 (Unit : M ill ion Baht) 2018 2017 Inc./(Dec.) % Construction income

follows : 1. Income from medical treatments in the consolidated financial Statement went up 6.42% due to income from Chiang Mai Ram Medical Business Plc.”CMR”, a subsidiary amount Baht 3,935.33 million went

especially during the first half of the year as compared to the same period of last year. However, the Company has continuing in enhanced its performance and has shown improvements under its business operation

Group. For the income proportion separating by business structure consisted of Aviation refueling services at 81% and Fuel pipeline transportation services at 19% respectively. 1.1.2 Others Income Others

of New Branches Opened (1) (Branch) 14 8 Number of Branches at Period End (1) (Branch) 102 110 Number of Franchise Branches at Period End (1) (Branch) 127 145 Sales from Restaurant Business During the

interest of the connected persons in the transaction 10.In this Business Size has not over 20 million baht but over than 3% of NTA value of the company, So the company has used the part of expenditures is

. For the income proportion separating by business structure consisted of Aviation refueling services at 81% and Fuel pipeline transportation services at 19% respectively. 1.1.2 Others Income Others

Energy engages in business of investment in renewable and alternative energy projects.  SBANG Sustainable Energies Ltd. (“SBANG SE”), a subsidiary of SBANG Corporation Ltd. which has registered on

Group. Page 3 of 6 For the income proportion separating by business structure consisted of Aviation refueling services at 82% and Fuel pipeline transportation services at 18% respectively. 1.1.2 Others