of continuous expansion of Thailand’s economy. This is mainly driven by export sector, which enables to be well expanded including with gradual recovery of domestic economy significantly driven from

) termination clause. Clause 40 The approved entity shall provide for credit rating by a credit rating agency approved by the SEC Office prior to the offer for sale of the bonds and for continuous credit rating

reversal of losses on inventories devaluation (NRV) THB 1,635 million). And, due to the company recording impairment loss of major trade account receivable, that went into business rehabilitation under the

decrease is the came from better management to compact the organization structure and continuous focus on reduction of expense of the company. 5. Management benefit expenses For Quarter2 of the year 2019

Directors Relating to the Entering into the Related Parties Transaction Currently, IFEC is under the rehabilitation process of the Central Bankruptcy Court, Black Case No. For. 14/2561, Red Case No. For 25

to May 15, 2019. Since GSTEL had filed the rehabilitation petition to the Central Bankruptcy Court on November 14, 2017 as disclosed to the Stock Exchange of Thailand (SET), GSTEL was unable to repay

, from continuous cost control. Over the past years, the Company has continuously adjusted its business operations to meet customers’ demands and to compete with competitors and technologies that is

was due to the continuous hire purchase loan expansion, particularly from trucks. Total hire purchase loans were 49,708.61 million baht, an increase of 3,296.98 million baht or 7.10% from the same

exports to reduce from the previous year. Furthermore, the sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption trend continues to

customers had a temporary delay of payment. However, the said customers still have the active status and can make the payment to the Company continuous increasing after ended of quarter 2. In addition