. In order to maintain overall financial results, the Company has initiated strategies focused on improvements in operational efficiency and expense control, such as adapting to the ‘new normal’ of

% Inventories 9,461 7,684 7,297 23.1% 29.7% Investments in associated 536 593 0 (9.5%) N/A Consolidation goodwill 438 450 307 (2.5%) 42.9% Property, plant and equipment 8,177 7,302 5,966 12.0% 37.1% Other assets

the previous year. 2017 was a year of record high revenue and profitability. The growth drivers include: 1. The consolidation of financial statements with two outdoor media operators, Multi Sign and

% from the same period of the last year, which was driven by an increases in net selling space from newly opened store under our hardline retailing in Thailand category as well as the consolidation of our

value when converting their operating results from local currencies to Thai Baht for the consolidation of financial statements. The Manufacturing and Selling of Toolings and Metal Fabrications, which is

when converting their operating results from local currencies to Thai Baht for the consolidation of financial statements. The Manufacturing and Selling of Toolings and Metal Fabrications, which is solely

also affected by the strengthening of Thai Baht, which resulted in a decline in total value when converting their operating results from local currencies to Thai Baht for the consolidation of financial

for the consolidation of financial statements. The Manufacturing and Selling of Toolings and Metal Fabrications, which is solely from Halcyon Metal Co., Ltd. or “HM” in 3-month period ended 31 March

2014 6 TSE vs OSE: Strategic consolidation 7 Importance of study on RTOs • Regulators need to strike balance between investor protection without delineating potential firms to enter the exchanges

consolidation Consolidation From the total of 1,989 transactions, 75% of the adjustments are at the parent company level, while 20% are at the subsidiaries for the purpose of preparing consolidated financial