Securities and Exchange Commission, with Fast And Fair Valuation Co.,Ltd., who is the appraiser, using market approach for the appraisal. 2 The change is the result of the Thai Accounting Standard No. 16
. In 2018, the Thai economy has grown at a continuously solid level with a GDP expansion of approximately 4.1% YoY. The growth is attributed to a number of factors, namely 1.) strong export growth
% yoy) because EBITDA from FA business was lower due to stock loss as CPKO price drop. Moreover, the company recognized profit of THB 20 million from investments in the Thai Ethoxylate Company Limited
The Company recorded consolidated net gain on foreign exchange for the year 2018 amounting to Baht 197 million (Separate: Baht 83 million). The gain is attributed to the appreciation of the Thai Baht
of local businesses, their workers as well as increased household debt. Moreover, recovery on tourist and export sectors, key engines for Thai economy, still mainly depend on large scale vaccination in
quarter continuously. Hence, the NESDB has cut down its growth forecast for the Thai economy in 2023 to the range of 2 .5 % which is lower than the earlier expectation, in which the supporting factors still
decelerating rate from 1.9% in the previous year, due to the delay of government’s budget allocation. Hence, the NESDB has cut down its growth forecast for the Thai economy in 2024 to the range of 2 .0%-3.0%, in
slowdown of Thailand economy. This affected the production of Thai automotive, as well as the sales and production costs of the Company during the fiscal year 2019 (1 October 2018 to 30 September 2019) as
the Stock Exchange of Thailand Attachment: Copy of financial statements dated on 30th June 2017 Thai-English each. Union Pioneer Public Company Limited would like to clarify the net profit for the 2nd