the Company; 1.1.2 Material changes and developments Give a brief account on the material changes and developments regarding the controlling power and the nature of business during the preceding year as

assets; total liabilities; net assets or liabilities; capital stock (excluding long term debt and redeemable preferred stock); number of shares as adjusted to reflect changes in capital; dividends declared

global trade volume affected by trade tensions and the impact of structural changes in the Thai economy on export sector. Public expenditure and private investment would expand slower than the previous

Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the Second Quarter of 2017 1 1.2 Banking Industry and Competition 2 1.3 Regulatory Changes 3 2. Risk

obligations of both type of securities are required, then a report of each type of securities shall be filed separately). 9.1 Information on the changes in the securities held by the reporting person: Name of

of securities are required, then a report of each type of securities shall be filed separately). 9.1 Information on the changes in the securities held by the reporting person: Name of person(s

hereby clarifies the changes in the performance as follows: FINANCIAL PERFORMANCE FOR THE YEAR OF 2018 Consolidated Financial Statements 2017 2018 Increase/(Decrease) THB mm THB mm THB mm % Total Revenue/1

production costs. Additionally, the increase in cost of goods sold to sales revenue ratio was derived from changes in sales mix of different product lines. Table 6: Cost of Goods Sold by Type of Expenses for

products and catch up with technology changes and dynamic marketing. On the other hand, the company is setting up new companies for research & development of Electric Vehicles in the USA and Industrial

year 2019 3 Overview Operational Results Between the year 2019 and 2018 (Unit: Million Baht) Description 2019 2018 Changes Amount % Revenue from expressway business 10,302 10,174 128 1.3 Revenue from