Company’s working capital is indirectly subsidized via trade creditor in form of loan and via business partners in form of raw material supported for production (under Collateral Management Agreement – CMA

Notification of the Capital Market Supervisory Board No. Tor Chor. 20/2551 regarding the Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets and the Notification of the Board

existing shares, equivalent to 23 percent of the total shares of Kerry (the “Sale Shares”), from the three existing shareholders, i.e. (1) KLN Logistics (Thailand) Limited, (2) Gather Excellence Limited, and

the Year Ended 31 December (YoY) Cost of sales Consolidated financial statements Change Increase/(Decrease) For Year Ended 31 December 2017 2018 THB mm % THB mm % THB mm % Raw material and packaging

as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of staff costs to be in line with the company’s operating

LOGISTICS PUBLIC COMPANY LIMITED LH FINANCIAL GROUP PUBLIC COMPANY LIMITED LIGHTING & EQUIPMENT PUBLIC COMPANY LIMITED LOHAKIT METAL PUBLIC COMPANY LIMITED LOXLEY PUBLIC COMPANY LIMITED LUCKYTEX (THAILAND

B.E. 2535 (1992), as well as a disposal of assets of the Company pursuant to the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material

improvements made to logistics for the distribution of goods to SPAR branches. Along with the number of current SPAR branches have not been able to generate economies of scale, which led to the Bangchak Retail

through economies of scale. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward contract from

both year-on-year and quarter-on-quarter basis as a result of lower costs of key raw material and packaging items, as well as improving efficiency from modern production technology ranging from glass