relating to severance payment in case of retirement of employees in accordance with the amended Labor Protection Act which was recorded during 4Q18. Cost-to-income ratio excluding loss from sale and

provisions for employee benefits due to the change of severance payment policy following the amended Labor Protection Act. Analysis of Shareholders’ Equity As at 31 December 2019, the shareholders’ equity was

stock of Baht 103 million, and dividend payment of Baht 134 million. Please be informed accordingly. Yours sincerely, Mr. Sompol Tanadumrongsak Managing Director

business performance after deducting dividend payment. From above Statements of Financial Position, D/E Ratio as of December 31, 2019 was 1.15 times, decreased from ratio as of December 31, 2018 (2.15 times

December 2016 which was 1,358.96 Million Baht or 2.15% because of 1) the repayment of long term loan from financial institutions, and 2) dividend payment on 25 May 2017 amounting to 25 Million Baht (0.03125

at Baht 1,858.6 million, increased by 9.7% from the recognition of gain on land revaluation and net profit for the period net of dividend payment during the period.

share-based payment transaction. In 1H17, administrative expenses were in the amount of Bath 72.14 million, an increase by Baht 17.21 million or 31.33% as compared to 1H16. Such increase was due to

, decreased 91.6 million baht or 30.7 percent compared to current liabilities as of December 31, 2016. The major change was payment of short-term loans to financial institutions amounted 114.4 million baht

the payment of the aforementioned debtors and strictly following to the accounting procedures and practices of the Company. 4. Financial expense amount of 46.36 million Baht, increased 12.18 million

at that time was THB 324 million. In addition the Company has performed the debt restructuring by extending the payment period and changing bill of exchange/short term loan to long term loan during the