extension agreement on June 28, 2018, which is effective until 2055 and 2060 (some parts). Hence, a straight-line amortization method is applied until the expiry of the aforementioned land lease agreement
a significant drop in foreign tourist visitors and limit domestic travelers from country lockdown. Given the situation, the Company decided to temporarily close hotel operations and change its
., Ltd. (“WCIG”) decrease from last year because the company changed in business model from company owned to franchise model since 2017. In addition, due to highly competitive (both direct and indirect
revenues from sales during such period to drop drastically, and after the ease of such measures, sales from June onwards evidently started to recover. International sales: Revenue from sales of the second
in world oil prices, resulting in a sharp drop in commodity prices this causes a lot of price competition. Yours Sincerely, Ms. Piyanan Suwannaphasri Assistant Managing Director Authorized to sign
above is the main factor of the losses recorded. 58.7% drop in Total Industry Production (“TIP”) in Thailand for the period of May – July 2020 as compared with the same period in 2019 causing the Thailand
75.19 million baht, decreased by 37.82 million baht or 33.47% of the same period of sales in 2019. Most of the Company’s products had a drop of sales in this quarter, especially ‘Disc plough’ that
result of the decrease of Availability Payment of GHECO-ONE following the drop in Weight Factor in Q3/2019 and the appreciation of Thai Baht in relation to US Dollar, together with the decrease in gross
Hotels since April 1, 2020 due to COVID-19 outbreak both in Thailand and overseas earlier this year resulted in a significant drop in foreign tourist visitors and limit domestic travelers from country