) higher finance costs due to investments in machinery, and joint ventures in Thailand and overseas; and 4) non-cash, one-time expenses recognized from selling unused old machines.  Thai Financial Reporting

reduction. However, outstanding loss remained due to 1) sales shrinkage; 2) higher cost as a result of higher depreciation from investments in machinery; 3) higher financial costs from investments; and 4) one

2019 Paid 7June 2019 Paid Last payment 25July 2019 Last payment 25July 2019 Last payment 25 July 2019 Transaction Size 30.39% 4.34% 43.39% 3.05% 43.63% 9.60% 13.06% 147.46% Source of Fund - Excess

of risk from carrying successive losses of overall performance of Power Plant business caused by less productive machinery along with cutting down provision of financial support for Power Plant

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

selling expenses from multiple new products launch; and higher finance costs due to higher borrowings as a result of previous investments in machinery, subsidiaries, and joint ventures.  If considering

13486, including relevant licenses 6,336 square meters 3 76 items of machinery and equipment for the manufacturing business, including relevant licenses - This is to improve the financial position and

the transaction, Modern Company must adjust its business structure by buying out land and factory buildings as well as adjust all existing assets and liabilities of the company except tools, machinery

installation of tools and machinery, hold 47.50% of paid-up capital with initial investment of 1.42 Million Baht - Repair and maintenance of tools and machinery, hold 47.50% of paid-up capital with initial

machinery along with cutting down provision of financial support for Power Plant business. Consequently, the aforementioned disposition of 3 subsidiaries engaging in Power Plant Business, Auditor is of the