. The Vanachai Group of Companies Company Limited 500,000 20 8. The commitment of committee and the audit committee (who be VNG’s committee with conflict of interest as agreement of list on items 7

loans and used as working capital. This will enhance the Company to reduce the interest burden and maintenance costs. Moreover, the price is a reasonable. The Company has acquired the land in July 2016

. As of December 31, 2017, Net Interest-bearing Debt to Equity improved from 0.45 to 0.31 times as a result of lower debts and higher equity. Shareholders' Equity As of December 31, 2017, shareholders

interest expenses in 2017 was Baht 14.3 million, or 4.26% decreased from Baht 15.0 million of 2016. This was due to lower short term loan requirement level in the second half of 2017 resulting from the lower

ratio stood at 1.58 times and the Interest-Bearing Debt ratio was 1.28 times. Forward Looking In the year of 2017, the Company has expanded its business toward Property Development for sale – Newera

was because the Company capital increase from General Mandate and share premium increased from increase capital. The Company debt to equity ratio stood at 1.58 times and the Interest-Bearing Debt ratio

50.28 25.89% Gross profit margin 15.47% 13.76% Other income 5.33 4.73 Selling expenses 3.36 9.99 (6.63) -66.39% Administrative expenses 111.43 108.51 2.92 2.69% Earnings before interest and tax 135.08

environment and community. This has led the Company to be trusted and accepted internationally. The Company re-affirms that we will strive to operate our business in the best interest of our stakeholders, in a

incomes also increased from the revenue of by products, waste, material and interest received from the short term investment fund. For the sharing of gain from investment value of the associates, for the

has interest in the above transaction on item No. 6 did not attend the meeting to vote) According to the comments, this transactions are proper as the company and its subsidiaries need to purchase scrap