and the overall cost control measures are well implemented so that to serve as a tailwind factor to our ability to effectively manage SG&A expenses. 4 Financial expenses Our financial expenses in Q2
effectively manage SG&A expenses. 4 Financial expenses Our financial expenses in Q2/2017 amounted to THB 5 million, up by THB 4 million from the corresponding period last year. It was due to our multiple
of THB 39,000. After the acquisition, Master & More holds 100% of Open Play’ total shares. Open Play is a company that was granted the exclusive rights from PTT Public Company Limited to manage
international business expansion vehicle for VGI. Strengthening its international footprint is an integral part of MACO’s strategy and VGM will be the flagbearer in expanding its Out-of-Home (“OOH”) media
Management Discussion and Analysis 3Q18 and 9M18 P a g e | 2 On 18 September 2018, the Company has taken full control interest in LVM Holdings Pte Ltd which market and manage 220 luxury villas / vacation
business we’re notably expanding the portfolio through new condominium project launches, targeting niche segments with an excellent design concept derived from extensive experience of our partner Sansiri. At
the quarter. However, from the increase of the B100 products price combined with the ability to efficiently manage raw material, thus improving gross profit. As for the Ethanol Production and
to COVID-19 lockdown prevention measures in Yangon and Mandalay. However, the Company has been expanding more online service channels to customers and reduced the Company’s operation cost. As a result
% yoy, +6% qoq) and non- mobile enterprise business grew 13% yoy. We continued on with cost optimization while expanding 5G network which resulted in controlled cost of service (+3% yoy, -0.5% qoq) and
continued pursuing debt collection respectively. However, the Company has been expanding more online service channels to customers and reduced the Company’s operation cost. As a result, the Cardless