more cash flow circulate in its operation. Board of Directors’ Opinion. Agreed to approve the sale in order to increase liquidity of the Company and also decrease debt and interest expenses Please be

1Q2017, mainly from an increase in interest paid on borrowings from financial institutions and bill of exchange. 2.4 Bad debt and doubtful accounts (reversal) The Company has bad debt and doubtful accounts

December 31, 2019 was Baht 1,530.75, decreased by Baht 133.24 million or 8.01% from last year, driven by the Company was able to control the debt internally both the Company and its subsidiaries. 3

institutions. The Company saw the debt to equity ratio at 0.15 times and the current ratio of 1.55 times. The shareholders’ equity The shareholders’ equity stood at 1,517.83 million baht, decreasing by 28.68

targeted. In the 3 and 4 quarters, the bad debt portfolio which fully amortized the investment value will boost up the growth rate of revenues. Cost of Services The Company incurred service costs for the

to make debt settlement in the form of short-term bills of exchange in the amount of Baht 350.00 million and defaulted interest at the rate of 8.50% per annum. 6. Profit for the period Company and

debt settlement in the form of short-term bills of exchange in the amount of Baht 350.00 million and defaulted interest at the rate of 8.50% per annum. 6. Profit for the period Company and subsidiaries

to make debt settlement in the form of short-term bills of exchange in the amount of Baht 350.00 million and defaulted interest at the rate of 8.50% per annum. 6. Profit for the period Company and

to make debt settlement in the form of short-term bills of exchange in the amount of Baht 350.00 million and defaulted interest at the rate of 8.50% per annum. 6. Profit for the period Company and

other persons. Details are as follows. Loans to other persons Nature of Business Trading all types of steel Relationship with the Company Business Partners Debt amount Accrued interest receivable Default