เดียวกัน) เพื่อสามารถ check & balance ได เปนตน 5 กรณีที่ทรัสตีจดัการกองทรัสตแลวขาดทุน ทรัสตีจะตอง รับผิดชอบหรือไม การที่ทรัสตีมี legal ownership แตไมใช equitable ownership จึงตองมี fiduciary duty

will be at least THB 1,300.00 million and not exceeding to THB 1,503.80 million (exclusive of value added tax, fee and expense for ownership transfer). The value of sub- leasehold right will be

Translation (Translation) PAGE (Translation) -29- Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC

Translation (Translation) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC, Thailand cannot undertake any

การปฏิบัติงานของคณะกรรมการบริษัท D. Employees พนักงานบริษัท E. Share Ownership การถือหุนของกรรมการและผูบริหาร VII. MAJOR SHAREHOLDERS, RELATED PARTY TRANSACTIONS AND CONFLICT OF INTERESTS A. Major

to 390.8 million baht for the six-month period. Increasing share of profit from SPF was due to a better performance of WFS Cargo along with an increase in percentage of ownership in the associate to be

ownership in SPF to be 33.0 percent. Unit: million baht July-September January-September 2017 2016 Variance 2017 2016 Variance Amount % Amount % WFS-PG Cargo Company Limited 84.5 70.4 14.1 20.0 240.1 186.3

was largely due to a better performance of WFS Cargo along with an increase in percentage of ownership in SPF from 31.6 in year 2016 to 33.0 percent in year 2017. Unit: million baht January-December

In April 2009, the Company invested in the ordinary shares of Mory Lohakit (Thailand) Co.,ltd. ,who is the marketing and sale force for the company and its subsidiaries and joint venture, by holding 49

since Q2/2019. Therefore, Singer has the financial ability to grow its performance in the 3rd and 4th quarter. The main business being the major driving force of Singer's performance is the increase of