recognition WCIH as subsidiary company. 3 2. Financial Performance Summary – by business Revenues by business Baht’000 Consolidated 2019 2018 ∆% Distributor of medical devices and equipment 1,736,795 1,828,053

[COMPANY NAME] Ref.:EFORL020/2018 May 15, 2018 Subject: Management Discussion and Analysis for the first quarter ended 31 March 2018 To President The Stock Exchange of Thailand 1. Overview financial

business, Wuttisak Clinic Intergroup Co., Ltd. This is because the changing business model from company owned to franchise model, affecting to the revenue recognition. According to IFRS No. 5, the company

management, compliance, and internal audit based on the principles of the Three Lines of Defense to ensure the effectiveness of securities company oversight and to further promote recognition of the

of the year earlier and has gross profit margin of 27.64%.because the company adjusted the recognition of interest income from loan receivables from the purchase of debtors, decrease from previous

gross profit of THB 4.6 million or 18.2%, decrease by THB 32.5 million or 87.6% compared to the year earlier. because the company adjusted the recognition of interest income from loan receivables from the

to the same period of the year earlier and has gross profit margin of 24.75%.because the company adjusted the recognition of interest income from loan receivables from the purchase of debtors, decrease

., Ltd., in the proportion of 40% of total ordinary shares Therefore the company must have revenue recognition Into the financial statement Resulting in increased service revenue Which can classify income

, and cut down marketing budget in order to cope with the reduction in sales and services revenue. In addition, The Company and subsidiaries has change in recognition of depreciation of right-of-use asset

ordinary shares Therefore the company must have revenue recognition into the financial statement Resulting in increased service revenue Which can classify income as follows Unit : million baht Service For