financial strength of the Company as debt to equity ratio improves which is beneficial to the Company and shareholders. 5. Warranty of Directors The Board of Directors certifies that the Board of Directors

period last year due to a slowdown in sales in China since the end of last year. Nevertheless, the Company managed to expand its business to the Philippines to extend the customer base and diversify its

192 million, an increase of 18 percent compared to the second quarter of the previous year, mainly due to an increase in mutual fund management fees and private fund management fees from funds managed

Company has managed costs of production and product mix efficiently. However, the Company had applied and accounted for expenses from rental contracts according to TFRS 16 – Leases, which affect to net

/2018-2019, in-line with reduction in food revenue. However, the Company managed raw material costs by sourcing from suppliers that offered better discount in comparison to volume and enforcing tighter

Deposit Baa1 Baa1 Baa1 Short-term Deposit P-2 P-2 P-2 Senior Unsecured Debt Instrument Baa1 Baa1 Baa1 Subordinated Debt Instrument Baa3 Baa3 Baa3 Financial Strength (BCA) baa2 baa2 baa2 Outlook Stable

managed by ONE Asset Management Limited (the Company’s subsidiary), and an increase in the Company’s sales agent fees from sale of investment units. 1.3 Interest on margin loans The Company’s interest on

managed to reduce raw material costs due to cheaper sources of raw materials imported, but the cost of depreciation of new machines and cost of maintenance have increased. For the year of 2019, the cost of

359.39 million baht comparing to September 30th, 2016 mainly due to the increase in sales as well as trade and other receivables around 141.42 million baht. Besides, this year the Company has managed the

fund; (10) private fund managed by securities company for investment of investor under (1) to (9) or (11) to (26) or high net worth investor; (11) provident fund; (12) Government Pension Fund; (13