decreased 47.04 million baht or 3.27% comparing to the same period last year, aligned with the total motorcycle production and the decrease in purchasing power of the farmers. 2. Cost of Sales and Services

and KBank ATMs have increased to 13% of total personal loan sales. - Motorcycle and Used Car Hire Purchase In the first quarter of 2019, motorcycle and used car hire purchase in Thailand and electrical

motorcycle production. 2. The cost of sales and services decreased by 5.21 million baht or 0.43% from the same period last year mainly due to the decrease of raw material costs around 58.43 million baht which

cost. - Motorcycle and Used Car Hire Purchase In the first quarter of 2018, motorcycle and used car hire purchase in Thailand and electrical appliances, mobile phone and etc. in oversea business, sharing

. The total revenue of the company decreased by 132.77 million baht or 2.39% YoY due to the decrease in motorcycle production which was lower than the expectation and lower than the production amount in

affected the overall global economy as well as the slowdown of Thailand economy. This affected the production of Thai automotive and motorcycle, as well as the sales and production costs of the Company

THB The acquisition of FKRMM's shares is a transaction of which NDR expects immediately benef for more than 10 years, and has continuously increase in sales of motorcycle of with 4 distribution

susceptibility, we employ the hostile takeover index invented by Cain, McKeon, and Solomon (2017). Principally based on the staggered enactment of anti-takeover state laws, this index is a novel measure of firm

Results Analysis on Previous Operation According to the economic situation in 2016, the capacity and sales of automobile and motorcycle manufacturing industry which is the main business unit of the Company

is a transaction of which NDR expects immediately benefit because FKRMM has been a customer of NDR for more than 10 years, and has continuously increase in sales of motorcycle of tires and tubes in