monitoring business operation of invested companies closely and actively enough to be able to detect any potential issue at an early stage. If an issue is found in an invested company, for example, the

relocating its production lines of sauces and condiments to its new factory, so during such period, the new factory was in the early stage of production; therefore, the production was unable to run efficiently

No. 9 (TFRS 9). Financial instruments under TFRS 9 are classified into 3 stages. For stage 1, TFRS 9 requires ECL allowances based on 12 month expected losses. For Stage 2 and Stage 3, the standard

, the Company provided allowance for doubtful accounts of 8,004 million baht. The NPL Stage 3 was 5.9%, slightly increased from last quarter, in relation to the reduction of accounts receivable and

launch of Singha Complex in late 2018. 2019 Net profit at THB 1,209m, or 16% decline YoY, due to various factors, namely profit margin during early stage of 2 hotels in Crossroads project phase 1

282 percent, respectively. 2. Toll Free on Official Holidays The Company cooperated to waive the toll fee on official holiday announced by the Prime Minister's Office in 3 expressways, the First Stage

of the year 2018 was at 55,425 trips/ day representing an increase by 21. 3 percent when compared to the same quarter of the previous year. For the First Stage Expressway (FES) and the Second Stage

labor’s cost at the initial stage for training and development of the employee’s skill resulting the high manufacturing cost at the initial stage. If the Company reach the Optimum Level and the installation

last year. This reduction is mainly due to a slowdown in ERP business and a delay in booking revenue until a certan milestone has been achieved during the implementation stage. T.662 636 6999 F.662 646

at 53,400 trips/ day representing an increase by 12.2 percent when compared to the same quarter of the previous year. For the First Stage Expressway (FES) and the Second Stage Expressway (SES), toll