recognized allowance for bad debt and doubtful account of credit balance receivables and derivatives business receivables increased of Baht 100.84 million in large clients with EARTH shares that was a

sector. Financing Cost The financing cost was barely zero during 1Q’20 as debt was paid-off. Net Profit Net profit of 1Q’20 plunged by 53% yoy. The company has sold land in 1Q’19 yielding profit before

Chairman of the Board Connected transactions The Board of Director’s meeting of AEON Thana Sinsap (Thailand) Plc. No. 4/2019 held on March 21, 2019 had a resolution of the connected transaction as follows

channel, dated 10 May 2019. 3.3 Rationale and background of the transaction Currently, the Company encounters the situation of the lack of financial liquidity and the cash flow for debt repayment and

managing costs appropriately and being more careful with investment plans. The Company expected that this quarter has the deepest contraction in transaction value, and the situation will be better due to

already been put in place to handle situations that may affect business operation and to reaffirm readiness of the stock exchange, the debt market and the derivatives market, including the clearing and

well as the Debt Recovery Committee and the Human Resource Committee. 3. Type and size of transaction, basis used to determine service fee and payment method 3.1 Type and size of transaction This

the interest pursuant to the Debt Acknowledgement Letter of GNET, equivalent to Baht 85,596,240.05, totaling Baht 250,000,000. The entry into such transaction (“Acquisition of Shares in GNET Transaction

100.00 62,500,000 100.00 Since this is the additional investment according to the existing shareholder proportion, therefore there is no necessity to compute size of transaction which receives conforming

of 30 September 2017, debt to equity is in the ratio to shareholders' equity in 0.84:1). 9) Opinion of the Company's Board of Directors on the transaction : Approved Board of Directors had assessment