containing the COVID-19, economic growth is forecasted to contract by -7.8%1; the lowest growth among ASEAN countries. In addition, a range of political issues are loading to an uncertain economic recovery
from the slow economic growth of trading partners, the protectionist trade policies between the US and China, the down-cycle of electronic products and also from the decline in global oil prices together
. Overall market environment During the second quarter of 2019, the growth momentum for the Thai economy slowed down from both the domestic and external demand. Private investment contracted both in
environment During the second quarter of 2019, the growth momentum for the Thai economy slowed down from both the domestic and external demand. Private investment contracted both in investment in construction
contracted 5.3% as a result of the continuing decline in global demand from the slow economic growth of trading partners, the protectionist trade policies between the US and China, the down-cycle of electronic
result of the continuing decline in global demand from the slow economic growth of trading partners, the protectionist trade policies between the US and China, the down-cycle of electronic products and
Conversion Scheme, is successful, the Company will be able to clear a total debt of USD 242,534,385, or equivalent to THB 8,369,672,988.50, as detailed in 2.2 and the Company will be able to access a large
Company under the Debt to Equity Conversion Scheme, is successful, the Company will be able to clear a total debt of USD 242,534,385, or equivalent to THB 8,369,672,988.50, as detailed in 2.2 and the
strategy of the Company’s group. Accordingly, the transaction is appropriate and beneficial to the Company and its shareholders, as detailed under Clause 8 hereof. 11. Opinions of the Audit Committee and/or
shareholders, as detailed under Clause 8 hereof. 11. Opinions of the Audit Committee and/or directors of the Company which are different from that of the Board of Directors None. (Translation) OOrriiggiinn