principles and guidelines for policy making, from investment decision-making to close monitoring of invested companies. Fund managers can also contribute by improving monitoring measures or teaming up with

monitoring business operation of invested companies closely and actively enough to be able to detect any potential issue at an early stage. If an issue is found in an invested company, for example, the

Our Ref : No.V 009 /2018 February 26,2019 Subject : Explanation for operation of the year 2018 Attn : Managing Director The Stock Exchange of Thailand Varopakorn Public Company Limited would like to

the same period of last year and an decrease of 3.80% over the last quarter mainly due to the the decline of sales in automotive market. 2. Cost of sales was 383.65 million Baht or at 90.3% of sales

, or decrease of 1.6% from the same period of last year and decrease of 23.54% over the last quarter mainly due to the major breakdown of some machinery resulting in lower sales . 2. Cost of sales was

Our Ref : No.V 07 /2018 February 26,2018 Subject : Explanation for operation of the year 2017 Attn : Managing Director The Stock Exchange of Thailand Varopakorn Public Company Limited would like to

the same period of last year and a decrease of 5.28% over the last quarter . Such decrease was mainly due to dropping in metal price and low level of production and sales. 2. Cost of sales was 384.25

same period of last year mainly due to lower aluminium prices.However, when comparing with previous quarter,it was increased 10.5% 2. Cost of sales was 431.57 million Baht or 107.58% of sales which

same period of last year and an increase of 24.9% over the last quarter . Such increase was mainly due to the increase in aluminium price and the expansion of sales volume from exporting to overseas

the same period of last year and an increase of 1.71% over the last quarter . Such increase was mainly due to the increase in aluminium price and the expansion of sales volume from exporting to overseas