revenue from real estate business. In addition, the Company has heavily spent more in marketing and advertising activities and proactive public relation. Conclusion Real estate market after the launch of

marketing events in the first quarter of 2018 than prior year such as “FN Fair” at head office and “FN Thank you sale” at branches. The Company efforts to carefully control promotion expenditure. Thus, 1Q18

Rules on Appointment of a Third Party as a Service Provider on Behalf of an Intermediary or as a Marketing Agent of a Derivatives Fund Manager

Rules, Conditions and Procedures for Appointment of Agents for Selling Investment Units or Receiving Requisition of Investment Unit Redemption and Marketing Representatives of Private Funds

issued from China Food and Drug Administration (CFDA) at the beginning of 2018 as the Company had to redesign its packaging to comply with the requirements of the license and adjust its sales structures

promotion expenses by Baht 0.71 million owing to its change in “Dai a to” product sale strategy from selling directly to consumers and doing own marketing to selling through distributors who are responsible

marketing and advertising campaigns, hence no advertising and sale promotion expenses to be borne. 4. Administrative expenses The Company’s administrative expenses in Q2/2018 accounted for Baht 19.75 million

30.9% YoY mainly due to the lower demand for advertising and marketing campaigns. o o  Share of loss from investments in JVs and associates was THB 53mn owing to the performance of both domestic and

Administration (CFDA) at the beginning of 2 0 1 8 as the Company had to redesign its packaging to comply with the requirements of the license. Furthermore, the Company also found it necessary to adjust its sales

the administrative expenses category. Selling Expenses, especially the advertising and promotion costs will depend on the period of campaigns, new product launch, etc. Due to a great impact from the