การปฏิบัติงานของคณะกรรมการบริษัท D. Employees พนักงานบริษัท E. Share Ownership การถือหุนของกรรมการและผูบริหาร VII. MAJOR SHAREHOLDERS, RELATED PARTY TRANSACTIONS AND CONFLICT OF INTERESTS A. Major

election, which is expected to take place early of 2019. Thai Banking Industry Although the commercial banking system in Thailand is facing challenges from an uncertain economic environment, its lending and

monitoring given that general elections are expected to take place in early 2019. Thai Banking Industry The commercial banking system in Thailand continues to face challenges from an uncertain economic

Thailand. The Bank of Thailand revised down the projection of overall economy for 2020 to contract 7.8% (as of September 2020) from the earlier forecast of 8.1%. But the fragile labor market, uncertain

continued to contract, especially investments in machinery and capital goods. The delays in business investment were attributable to weak demand and concerns over the uncertain economic outlook in the period

highly uncertain situation. V2 27/08/63 5 Operating Income and Expenses of the Bank and its Subsidiaries Million Baht Quarter Change (%) H1 Change 2/2020 1/2020 2/2019 1/2020 2/2019 2020 2019 (%) Net

to 390.8 million baht for the six-month period. Increasing share of profit from SPF was due to a better performance of WFS Cargo along with an increase in percentage of ownership in the associate to be

ownership in SPF to be 33.0 percent. Unit: million baht July-September January-September 2017 2016 Variance 2017 2016 Variance Amount % Amount % WFS-PG Cargo Company Limited 84.5 70.4 14.1 20.0 240.1 186.3

was largely due to a better performance of WFS Cargo along with an increase in percentage of ownership in SPF from 31.6 in year 2016 to 33.0 percent in year 2017. Unit: million baht January-December

ownership in Dusit Thani Public Company Limited, or “DTC”, or approximately 5% of the total issued and paid-up shares of DTC, at the price of 12 THB per share. As a result, CPN reported a decrease in