of the Company and its subsidiary increased by Baht 56.45 million or 1.95% compared with last year. An increase mainly caused by Property, plant and equipment increased by Baht 100.11 million due to an

submit the report of Management Discussion and Analysis for the year ended 31 December 2018 which has been audited by the auditor this is caused by followings: The Operating results of the company and its

due largely to the property tax income of Thai Wah Tower. Total expenses decreased by Baht 193 million as compared to the same period last year which is generally caused by the following:  Cost of

Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended March 31, 2019 which has been unaudited but reviewed by the auditor this is caused by followings

Baht 188 million as compared to the same period last year which is generally caused by the following:  Cost of hotel operations decreased by Baht 9 million which is in line with the lower hotel revenue

Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended June 30, 2019 which has been unaudited but reviewed by the auditor this is caused by followings

addition, the Company had higher current liabilities of Baht 7.82 million which mainly caused by deposit of mold for new model. Whereas long-term loans reduced by Baht 43.37 million. As of 31 March 2018 the

Company Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended September 30, 2018 which has been unaudited but reviewed by the auditor this is caused by

wood kiln dried sawn timber which is the main business of the company. The business was impacted by volatility caused since 2019 as a result of trade war between United States and China, where China was

Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended March 31, 2020 which has been unaudited but reviewed by the auditor this is caused by followings