’ equity ratio according to the consolidated Company’s financial statement will decrease from approximately 5.3 times to 4.4 times, which may result in an improvement of the Company’ s capital structure as

the same period last year, respectively. Meanwhile, private consumption increased gradually, as a recovery in purchasing power remained tepid. Private investment has shown signs of improvement

significant improvement of 26.9%, following higher rental spaces and improved occupancy rates. • Strong growth from overseas sales was supported by 2 new franchise stores in Vietnam, growth from OEM and trading

2017, overall commercial bank lending increased from the previous quarter and showed sign of improvement in line with the economic condition. However, commercial banks remained cautious in lending as

commercial bank lending increased from the previous quarter and showed sign of improvement in line with the economic condition. However, commercial banks remained cautious in lending as their continue concern

for consumption to decelerate. Government investment expanded as a result of the disbursement for mass transit and telecommunication projects, while private investment, in spite of signs of improvement

cans in the 4th quarter of 2018, making an average monthly sales of 588k cans for the year ending 31 December 2017. Such improvement is a result of our distribution and product differentiation strategy

RPK decreased, compared to last year, it was in the positive relationship with the growth of overall ASK, which led to the improvement of the overall average passenger load factor in 2018 (Source

existing shareholders are responsible for seeking the investors who are interested in the project. During the seeking process, the current executives also parallelly design plan for improvement of factory

office renovations, aiming at higher production efficiency, reduced production cost, quality systems improvement; 2) establishment of MAS, a subsidiary in Thailand; 3) establishment of Malee Kino, a