impact on investors and shareholders.  Since the Commerce Ministry’s Department of Business Development (DBD) rejected an IFEC application to register Mr. Wiphu Maharakkakla and Mr. Manusak

issues with the Department of Business Development, the Ministry of Commerce [thus currently unqualified to work], (3) execution of a contract to buy and sell a land in the Phaholyothin area with a prior

AGM. According to the consideration of the Department of Business Development, the Ministry of Commerce, Nittimon?s action was in violation of Section 33, Section 102 and Section 105 of the Public

of Thailand (SET), the Federation of Thai Industries, Thai Chamber of Commerce, Investment Banking Club and participating approved auditors. At present, 289 companies from 42 provinces joined the

of Business Development, the Ministry of Commerce, Nittimon’s action was in violation of Section 33, Section 102 and Section 105 of the Public Companies Act of 1992, which do not give chairman of

providers, including import and export by both sea freight (Full and Less Container Loading) and by air freight, and domestic transportation SEL. SEL is one of the leader in air freight business in Singapore

increased, resulting in increased costs and freight charges and the condition of the baht appreciation rate compared to the same period of the previous year. Gross profit The company has gross profit of

cost from higher sale volume and higher freight cost from higher sales volume in CNF incoterm. However on 2nd quarter of2018, selling expenses slightly decreased 9.22 percent from the same period of last

122.46 82.73 97.44 80.72 (25.02) (20.43) Labor costs 14.46 9.77 9.68 8.02 (4.78) (33.06) Depreciation costs 3.94 2.66 4.44 3.68 0.50 12.69 Freight expenses 0.24 0.16 0.01 0.01 (0.23) (95.83) Others 6.92

4.50 4.61 0.74 19.68 Freight expenses 0.36 0.26 0.77 0.79 0.41 113.89 Others 3.44 2.48 6.09 6.23 2.65 77.03 Total cost of sales 139.05 100.00 97.70 100.00 (41.35) (29.74) Proportion of cost of sales to