resume their plans on travels, following by the inter-regional markets. With respect to commercial business, the Company has heightened hygiene measures to reduce the risk of spreading COVID-19 and boost

require the Company to reduce the share capital by cancellation of registered shares that have not been issued prior to increase new share capital. Currently, the Company has a paid-up capital of Baht

are likely to continuously reduce while the Company has to bear for the costs, which would result in such business being at a loss. Therefore, the Company foresees that it is not worthwhile to continue

2018. As per ISIT the Domestic capacity utilization was thus reduced to 29% in 2019 compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive

COVID-19 resolves in a better direction. Reducing inventories without losing sales opportunities The Company has a policy to reduce inventories continuously since 2019 to reduce storage costs, carrying

increase the Company’s financial liquidity to be used as working capital and debt repayment which will help reduce the high interest burden of the Company. On the date the Board of Directors approved the

operation and increase in the Company’s financial liquidity, used as working capital and to repay debt which would help reduce the interest burden of the Company. On the date that the Board of Directors

clients in Malaysia and create an economy of scale, as well as reduce the overlapping business and conflicts of interest in South East Asia between the Company and MACO, which will be of utmost benefit to

reduce the risk of liquidity management for customers’ repayments. In the past year, the rate of the amounts of outstanding receivables or provisioning of the Company did not increase. The debtors can

derived from the capital increase will strengthen the financial position and capital structure of the Company and to reduce the interest obligations in the future after the completion of the capital