Reform Priorities in Asia: Taking Corporate Governance to a Higher Level Taking Corporate Governance to a Higher Level reform priorities in Asia 2011 REFORM PRIORITIES IN ASIA: TAKING CORPORATE

disposal of all share which held in Patara Fine Thai Cuisine Pte. Ltd (Patara) and SK Catering Pte. Ltd (SKC) Singapore total 11 Thai restaurants in the 4 th quarter of 2018 and because of the transfer of 4

period of the previous year in the amount of THB 165 million or equivalent to the decrease of 26.6 percent which came from the disposal of all shares held in Patara Fine Thai Cuisine Pte. Ltd. (“Patara

growth of the same store sales of the overseas restaurants are decreased by 11.7 percent due to a higher competition in a restaurant business and a continuous economic slowdown in Singapore. In 2017, the

an domestic consumption slowdown, and the growth of the same store sales of the overseas restaurants are decreased by 11.7 percent due to a higher competition in a restaurant business and a continuous

27%, those were resulting from sales and service income from the business. Ice Machine and Industrial Refrigeration increased 515 MB or 22%, Machinery for Liquid and Food increased 435 MB or equivalent

higher selling price and higher sale volume in CNF incoterm, while lower unit sold and appreciation of Thai baht against US dollar. . Cost of goods sold and expenses Three-month (Thousands Baht) Change

year 2018 increased 14.15 percent from 1st quarter on year 2017. Revenue from sales increased 12.28 percent due to higher sale volume and higher sale volume in CNF incoterm, however most of revenue is

higher occupancy rate. - Revenue from Overseas Hotels was up by 5.3% yoy despite an adverse impact on the translated financial statements from foreign currency exchange due to Thai Baht appreciate against

4,786 2,182 45.58% Total Revenue 1,585,604 1,492,159 93,446 6.26% 444,474 376,271 68,203 18.13% Company total revenue on year 2017 slightly increased 6.26 percent from year 2016, due to higher sale volume