the Securities and Exchange Commission governing determination of juristic person that is institutional investor; (UNOFFICIAL TRANSLATION) “derivatives exchange” means any derivatives exchange licensed

entity of Lao PDR with expected buying volume of 30,000 ton/year. 5. Total value of consideration and criteria for determination of consideration value The total acquisition price of investment in VWM is

in the production and has a direct effect on the determination of sale prices tended to decrease during the past year, resulting in a decrease in the average battery prices during the past 2 years

on derivatives as specified by the list attached to the Notification of the Securities and Exchange Commission No. KorChor. 8/2553 Re: Determination of Untrustworthy Characteristics of Company

the SEC Office which resulted in the possession of untrustworthy characteristics under the Notification of the Securities and Exchange Commission No. KorChor. 8/2553 Re: Determination of Untrustworthy

to the new labor protection law. More causes for loss were sales decrease; higher cost per unit as a result of lower utilization rate; higher depreciation; following the Excise Act, B.E. 2560; higher

provisions for employee benefits due to the change of severance payment policy following the amended Labor Protection Act. Analysis of Shareholders’ Equity As at 31 December 2019, the shareholders’ equity was

decreased by Baht 400 million or 19% decrease compared to the same period of 2018. This was mainly due to an increase in employee benefit provision of Baht 46 million, based on the Labor Protection Act (Issue

business sectors while maintaining the protection of investors from any risks arising from the appointment of any person lacking qualifications or possessing prohibited characteristics, and (2) harmonize the

Protection Law which had been effective in this quarter. The interest expenses in Q2/2019 was Baht 3.3 million, or 17.43% increased from Baht 2.8 million of Q2/2018. This was due to higher short term loan