percent compared to year 2015, due to decrease of salary, employment benefit, doubtful accounts, fees and other administrative expenses which are in line with the Company’s organizational management as

increase of salary, employment benefit, doubtful accounts, fees and other administrative expenses which are in line with the Company’s organizational management as aforementioned details. 5. Finance Costs

shares, accounting for 19.10% Post-transaction shareholding level : 1,200,000 shares, accounting for 40.00%* Remark : * As a result, the company has two more associates which are : 1. Pattaya Manufacturing

of the year 2016. Sales and administration costs (Normal entry) was MTHB 78.02 which increased 3.84 percent comparing to the one of for the 3rd quaternary for the year 2016 of amount MTHB 75.14. Sales

recognized doubtful account increased amount of 28.55 million Baht from the same period last year which is estimated from unpaid debtor 31.42 million Baht and reversal of doubtful accounts receivable from

Public Company Limited (“GSTEL”), the Company’s shareholder which hold direct and indirect 18.97% of paid-up capital of the Company. The Company had granted unsecured short-term loan of the principle

cash paid-in for share capital increase of subsidiary in China during late of September. In addition, property, plant and equipment increased by Baht 78 million which were new machines that ordered since

follows:  Motorcycle Tire and Tube Business: The sales proportion of Motorcycle Tires & Tubes was classified by channels of distribution which are Export, Original Equipment Manufacturer (OEM) and

Notifications”). The criteria that gives the highest value of transaction is equal to 27.89 %. The calculation is based on the consolidated financial statements of the Company and TSE, which comprise the

1.4 All i trans perce 1.5 Land vaca ation on the R turing and C r and Manag ock Exchange ation Memor ivestment of Group Public No. 11/2017, material resolu withstand th s, to commit n which it ha o