Limited borrowing Baht 89.42 million in order to settle loans form its former director. The Company assessed the fair values of identifiable assets acquired and liabilities assume at the acquisition date in
transaction is slightly lower than the appraised value assessed by those 2 independent appraisers which is considered beneficial to the company. 10. Opinion of the Audit Committee and/or Directors on the
transaction is slightly lower than the appraised value assessed by those 2 independent appraisers which is considered beneficial to the company and considers it appropriate to purchase this land with building
management assessed the agreement in accordance with TFRIC 12 ‘Service Concession Arrangements’. As a result, the Group’s management recognized revenue from construction under a concession arrangement in
Impact on Future Operating Results Due to the outbreak of the coronavirus disease 2019 (COVID-19), bringing about changing circumstances in business operations, by which the Corporate Group has assessed
2018 due to slowdown in Thailand economy. Meanwhile, imports of Hot Rolled Steel increased by 2% to 4.04 MT due to strengthening of THB and the effect of termination of enforcement of Safeguard Measure
manner of price-dumping and unfair trade and finally will lead to the enforcement of Anti-Dumping or Safeguard measures. The world steel production capacity utilization ratio of the 67 countries in
thousand tons, decreased by 117 thousand tons or 31% YoY which affected from final resolution by the Trade Interests and Remedies Committee to get no extension of the safeguard measures for imported hot
of safeguard against Alloy Steel since February, 2019. The Company had to reduce its selling prices in line with Imports to retain its production and sales volumes. Consequently, the average selling