on Q1/2018 Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 3 Executive Summary In overall 2017 performance, the Company had significant improvements in various areas such as
activities Baht 848 million Net cash flows used in investing activities Baht 48 million from purchasing of property, plant and equipment Baht 116 million, proceeds from disposal of investment in subsidiary
activities. Overall Domestic HRC market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various
market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various representations are being made to
Criteria Total Value of Consideration = (Paid or received transaction value x 100) Total asset of the listed company Paid or Received Transaction Value = The highest value between purchasing price or book
resulted in travel restriction, lockdown and other precautionary measures imposed in various countries including Thailand. This outbreak has brought significant economic uncertainties in Thailand and markets
reducing the rental fees for a certain period. Residential and Others The residential segment has slowed down before COVID-19 due to the Loan-to-Value (LTV) measures and reduction in purchasing power of
the year. Foreign purchasing power was greatly contracted by the impact of trade war affecting the sales volume while the falling price of raw materials in global market and intensive competition among
purchasing power of foreign investors, to which the Company has continually adjusted its marketing and selling plans. For projects under development, the progress is still on track and has little impact from
’ demand • Catering services such as parties, wedding receptions, restaurants or any events • Pop-up store sales in various locations • Revenue recognition of initial franchise fee from “After You” franchise