departmental director, a branch manager and shall also mean a person holding any equivalent position called otherwise who is in charge of the following business functions, as the case may be: (a) Business

of fair value of the dairy cattle in the subsidiaries. - Other assets were mostly cash and equivalent transactions to cash, deferred income tax assets and assets not used in operation. (Unit: Million

financial statements of the Company as of 31 December 2018 is equivalent to THB 262,603,511. Therefore, the purchase price is higher than the book value. 10. Opinions of the Audit Committee and/or directors

baht, equivalent to 6.2 percent of sales revenue, decrease by 46.4 percent from the same quarter last year. However, when comparing the net profit to sales ratio, it decreased by 5.3 percent from the

149.54 million or 852.57% increase and equivalent to the gross margin of -11.2 % Gross margin is minus because of both adjustment of estimation of cost of construction and redundancy of expenses in Beung

to the adjustment of fair value of the dairy cattle in the subsidiaries. - Other assets were mostly cash and equivalent transactions to cash, deferred income tax assets and Other non-current assets

from December 31, 2018 from an increase in cash and cash equivalent of THB 274.17 million and an increase in PP&E of THB 231.44 million. Liabilities As at June 30, 2019, total liabilities of the Company

equivalent decreased Baht 97.38 million mostly for purchase of fixed assets. In Thailand, the company invested new medium booth to support new customer orders which will launch to commercial in the 2nd half of

2019 was Baht 33.88 million, whereas Baht 31.41 million in 2018, increasing Baht 2.47 million or 7.86% increase and equivalent to the gross margin of 25% Gross margin is higher than normal because we can

-6661 Fax. 02-661-6664 www.indoramaventures.com 2 4. The total value: The total value of the acquisition of 24% shares from PTIRS will be approx. USD 55.13 million or equivalent to approx. Baht 1,752