Engineering Public Company Limited (IEC)'s accounting records to be inaccurate and inconsistent with the facts. In arranging for falsification of the IEC financial statements; Mr. Bhusana and Mr. Chanchai

Engineering Public Company Limited (IEC)'s accounting records to be inaccurate and inconsistent with the facts. In arranging for falsification of the IEC financial statements; Bhusana and Mr. Chanchai made

company has incorrectly recorded some accounts. In addition, the SEC?s review of such financial statements along with NIPPON information released through the Stock Exchange of Thailand indicate that there

Doubtful account in amount of THB 78.10 million. Please be informed accordingly, Yours sincerely, -Thitapat Issarapornpat- (Ms. Thitapat Issarapornpat) Director and on behalf of Company Secretary

% because increased from exchange loss, allowance for doubtful accounts, salaries and other employee. 4. The company had the financial cost of Baht 2. 76 million, increased from last year by Baht 0.20 million

repossessed vehicles incur to the increase Loss from sale repossessed vehicles . The company write off Bad debt increased by Baht 0.64 million and allowance for doubtful account using method accounting policies

employee expenses and legal expenses. 4. Allowance for doubtful accounts and damages from lawsuit In year 2019, the Company has reversed of allowance for doubtful accounts due to the repayment from the

physical count of inventories of company and subsidiary as at December 31, 2016 by DIA International Audit. The Company net profit of 332.37 million baht which increase 253.44 million bath or 321% by

Ref Ref. 2S_BoD024/2017 August 9th, 2017 Subject: Clarification of the change in operating result more than 20% To : The president The Stock Exchange of Thailand 2S Metal Public Company Limited (the

Ref Ref. 2S_BoD024/2018 August 14th, 2018 Subject: Clarification of the change in operating result more than 20% To : The president The Stock Exchange of Thailand 2S Metal Public Company Limited (the