Narongdej (2) Golden Tiger Associates Ltd. (3) Mr. Nuttawut Phowborom and (4) Mrs. Sangduan Ewbamrung (collectively called “Existing Shareholders”) in the number of not less than 14,947,300 shares, at a par

Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop Narongdej (2) Golden Tiger Associates

14.26 314.64 289.24 8.78 Loss from impairment 64.59 95.40 - 4.59 -22.80 - Loss from investment - - - 300.00 - - EBIT 303.74 361.20 -15.91 149.33 577.29 -74.13 Share of loss of associates and joint

; investments in associates of Bt41 million; deferred tax assets of Bt54 million; and other non-current assets of Bt69 million. The increase in total assets of Bt186 million from December 31, 2017, was due mainly

associates increased by Baht 69 million mainly relates to the profit from Banyan Tree China Pte. Ltd. offset by lower profit from Thai Wah Plc. Finance cost decreased by Baht 19 million as compared to last

2017. Excluding the non-recurring items, Company delivered net profit THB 346 mil. or growth of 3.2% y-y as well as primary due to higher Share of Profit of associates contribution. Page 4 of 4 T.K.S

sales.  Administrative expenses decreased by Baht 159 million largely as a result of lower payroll costs, legal & professional fee and rental expenses. Share of profit from investment in associates

2,666.53 Gross profit 1,437.43 801.69 Gross profit margin 31.18% 23.11% 6. In the year of 2019, details of share of profit from investment in associates compared to the year of 2018 are as follows: Name of

million; investment property Bt167 million; goodwill of Bt117 million; investments in associates of Bt103 million; deferred tax assets of Bt52 million; and other non-current assets of Bt129 million. The

of associates and joint ventures -8.77 - - - - - Financial cost -44.27 -20.24 118.73 -62.43 -29.16 144.09 Income taxed expense -14.78 -62.80 -76.46 -9.62 -37.72 -74.50 Net profit 6.48 149.89 -95.68