the operation of the project will create returns and value to the Company and its shareholders in the long term. 11. Opinion of the Audit Committee and/ or the Director which is Different from the Board

designing and develop new products, additional from the original products that have been sold to create options and diversity for consumers. The goal is to present product with high quality, unique, and good

and sustainable growth and diversify operating risk concentrated in Thailand. 2. The Company expects that the Transaction would create a strong business partnership where synergies could be achieved in

create a strong business partnership where synergies could be achieved in areas such as technical expertise and product variety, which would help the Company to expand into the Republic of India, Portugal

create a diversified earning stream via its HVA portfolio. This portfolio, which accounted for 52% of overall core EBITDA, has enabled the Company to de- liver robust earnings on a sustained basis. The HVA

local steel products instead of imports. However, the policy encouraged to increase production capacity and supply excess capacity to other countries. This will create problems for the steel market in

is attributed by the slow economic recovery and credit quality issue. If the economic recovery becomes more broad-based, the quality of credit should improve which will create opportunity for loan

create opportunity for loan expansions. The tightening policies of major central banks – US, Europe, Japan, China - could also impact the Thai financial conditions. For the auto industry, the year 2017

/wahinoki Currently, Hinoki WW is in the process of creating a plan and designing and develop new products, additional from the original products that have been sold to create options and diversity for

capture higher margins and create a more diversified chemicals portfolio. Regional Highlights Figure 2 :Regional Performance *Core Financials exclude IRSL **Internal reclassified region of Egypt Asia