, an increase of Baht 5 million or 0.49% from year-end 2019’s. This was mainly due to the increase of trade accounts receivable. The trade accounts receivable was increased by Baht 37 million from Baht

group as no net interest bearing debt and operating working capital is positive the groups funding is from the shareholders equity. Page 2 of 3 Major Factors which could have an Impact on the Company's

2. The parties involved: Name Relationship with the company Lessee : Vanachai Group Plc. - Lessor : Firstwood Co., Ltd. some shareholders and directors of VNG are also the Firstwood of shareholders

: Woodtek International Co., Ltd. a subsidiary company Lessor : Firstwood Co., Ltd. some shareholders and directors of VNG are also the Firstwood of shareholders and directors. 3. The general characteristics

Liabilities 2,643.05 50.16% 2,440.58 48.20% (202.47) -7.66% Total Shareholders’ Equity 2,626.60 49.84% 2,622.69 51.80% (3.91) (0.15%) Page 4 The Company’s total assets as of 30 June 2019 decreased by THB 206.39

. (043) 333-555 Fax. (043) 236-835 Ratchaphruek Hospital As of December 31, 2018 and September 30, 2019, the shareholders’ equity was valued at Baht 1,277.90 million and Baht 1,298.19 million, respectively

liabilities were short-term loans from financial institutions, bank overdrafts, and trade accounts payable. Shareholders’ Equity: As of 30 September 2019, the portion of shareholders’ equity amounted to Baht

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business2; (2) financial institution established under specific law; (3) securities company; (4) private or public limited company established under Thai law having one or more shareholders, which are

first quarter of 2017.  The increased debt resulted in a decrease of the shareholders’ equity of THB 10,349 million to become minus THB 15,651 million.  In addition, in July 2017 the Board of