operation. For the area improvement plan, Hero Experience is still in the process of negotiating with various tenants. In order to align with the business model of each tenant, Hero Experience will contact

distribution channel, Page 11 in order to cover more sales area. These aforementioned factors are part of the reasons of the hindered the Company sales growth. Apart from the current business of the Company

determining the credit rating some for whom the rated entity or obligation is within their area of primary analytical responsibility and some of whom have other areas of primary analytical responsibility. 1.15

. For the area improvement plan, Hero Experience is still in the process of negotiating with various tenants. In order to align with the business model of each tenant, Hero Experience will contact the

replaced with __[a statement]__________ instead.” In the case that the financial advisor has referred to information derived from an expert in the area, the following statement shall be added: “An exception

Capital Structure • Total assets increased by 13.3% from the end of 2018 to Baht 114,038 million as of September 30, 2019, primarily due to the continual expansion of project portfolio both local and

just 1% higher than the previous year. Average daily market turnover of 2019 was Baht 53,192 million, down 7.8% from Baht 57,673 million in the previous year. Local institutional and retail investors

totaling Baht 742.5 million; and at the same time borrowed Baht 1,129.0 million from local financial institutions. (2) Liquidity Ratio & D/E Ratio Financial Ratios (Times) As at September 30, 2017 As at

local steel products instead of imports. However, the policy encouraged to increase production capacity and supply excess capacity to other countries. This will create problems for the steel market in

, logistics and transport as well as fintech business, both domestic and international, have joined the fray to provide financial services to local customers. Given this development, non-conventional