%. The details were, as followings; Drought in 2016 caused lower cane production In 2016, drought in Thailand caused the Company less cane production in 2017. The Company has crushed cane in 2017, 6.83

sales of the overseas restaurants are decreased by 6. 4 percent respectively caused by a higher competition in a restaurant business and a economic slowdown in Singapore. In the Quarter 2 of 2017, the

growth of the same store sales of the overseas restaurants are decreased by 21.0 percent respectively caused by a higher competition in a restaurant business and an economic slowdown in Singapore. Revenues

Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended March 31, 2018 which has been unaudited but reviewed by the auditor this is caused by followings

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