arbitrage opportunity under Put Call Future Parity seem to reduce gradually. Absence of total transaction costs • Short strategy was quite more profitable than the long one. • Occurrence of short strategy was

inventory, the numbers are quite high and the tendency for long-term sales is quite low. The Company changed its policy on allowance for obsolete inventories in Q2 /2018 OLD Policy on allowance for obsolete

lower than the decreased rate in revenue, since the rest of equipment for lease project had a quite low gross profit margin and a higher equipment maintenance expense. Summary of Operation for Q4-2018

, 2018, and September 30, 2018. 6 Market, dated November 20, 2018, both coming into effect January 1, 2019. The new regulations stipulate that listed firms shall rotate auditors who have performed their

change significantly as it put efforts to maintain and to sustain gross margin percentage for real estate development business. Therefore, gross margin of the Company for the past three years is quite

clients were offered promotions. Meanwhile, the post-production business performed quite well; therefore, the revenue from this business increased. Revenue breakdown Total As of 31 December Increase

including the impact that must result in a price adjustment and the adjustment of the selling price is quite difficult because this business group is highly competitive in the current economic situation

months of 2018, cost of event organizer increased by 12.98 million Baht or 26.48% from the same period in 2017. This was mainly from cost of sport events. Moreover, cost of caravan service was quite high

, Pattaya, Krabi, etc. and the utilization rate is quite high. Thus, the Company is looking to search new additional areas covering Thailand such as beach view or tourist attractions, together recreation

local services for caravan in local areas, currently the Company has quite high utilization rate of using caravan, income has been distributed to local community. Please be informed accordingly, Yours