. (4) “Work experience relating to gold” means experience of working in the business relating to buying or selling gold or gold derivatives. Clause 2. An applicant for a license to undertake gold

the fourth paragraph of Section 25. (4) “Work experience relating to gold” means experience of working in the business relating to buying or selling gold or gold derivatives. Clause 2. An applicant for

value The book value per share is THB 13.26. The total value of the shares is THB 29,180,000. c. By considering the market value The market value considered by the average trading price 15 working days

Director Ratio Analysis : Consolidated Financial Statements 1Q 1Q Unit : THB million 2019 2018 Returns (%) Return on Assets * 4.4% 3.1% Return on Equity * 5.6% 3.6% Working Capital Management (Days) Trade

, 2020. The coupon rate is 4.5% per annum. The objectives of issuing the debentures are a) investment in the new projects, b) repayment of debts, and c) working capital. The Company can sell debentures of

received from the project based on the percent of shares. No. WHAUP-CS014-2562 5 9. Source of Funds The Company plans to use the working capital and/or internal cash flow and/or loan from financial

August 2019 which approved this connected transaction. 4 5. Sources of fund (if any) Working capital of the Company. 6. The opinion of Company’s Audit Committee and Board of Directors of the Company The

* 12% 10% Return on Equity * 14% 12% Working Capital Management (Days) Trade Receivable Period 62 67 Inventory Period ** 40 35 Trade Payable Period 36 44 Leverage Ratios (x) Interest Coverage 350.60

debt increased for working capital, while the long-term loan decreased due to increased cash flow from operations and as the Company repaid long-term loans in advance. As of June 30, 2018, Net Interest

. Sources of fund (if any) Working capital of the Company. 6. The opinion of Company’s Audit Committee and Board of Directors of the Company The Audit Committee and Board of Directors (excluding connected