For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which
could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak
with Petchpiya Group where Tanaphat and Kanyaphak were directors. Bhusana, Marupong and Sunan signed in acceptance of the machines and approved the full payment by IEC when in fact the machines could not
such indebtedness amount could not be recorded as liabilities in the financial statement in line with the applicable accounting standards. It was also found that there was evidence that certain
in charge of the account, (b) the back office and the investment consultant responsible for the client account could not contact the client via the phone number given by the client, and (c) the back
requisition form for share transfer from client account was not the investment consultant in charge of the account, (b) the back office and the investment consultant responsible for the client account could not
promotional expenses paid by ICUK for the operation in UK amounted to THB 178 million could be divided as follows: (1) field sales amounted to THB 24 million (2) sampling expenses amounted to THB 15 million
could not be recorded in profit/loss statement because methyl ester plant 2 was under testing run for commercial operation. While, Methyl ester price increased following an increase in crude palm oil
expense along with the fact that the Company could no longer capitalize interest expense on CROSSROADS project since its commercial launch in September 2019, mainly pressured 2Q20 performance to reported