sales.  Administrative expenses decreased by Baht 159 million largely as a result of lower payroll costs, legal & professional fee and rental expenses. Share of profit from investment in associates

exchange rate for year 2019 and 2018 amounting to THB 216 million and THB 105 million in respectively due to the strengthening of the Thai Baht against the US Dollar. • Net gain from write-off expired legal

year. However, the Company realized financing costs of developing projects as expenses and income derived from the reversal of liabilities (which already passed the legal deadlines) in 2016, these caused

near future then pass a unanimously resolution authorizing the Executive Committee to proceed to take legal actions immediately against related debtors and guarantor to collect the debts as much as

Limited (Legal Advisor) 8. Expected date for the official submission of the tender offer5: No Later than 27 February 2018 9. Essence of the contract/agreement/memorandum of understanding entered into by the

with allowance for doubtful debts in the amount of 320 MB. Management had evaluated and decided to take immediately the legal actions against related debtors and guarantor to collect the debts • Finance

had evaluated and decided to take immediately the legal actions against related debtors and guarantor to collect the debts  Finance Cost Q3/2017, the Company and its subsidiaries have the loan interest

construction materials and the risen of wages; and (2) The Company has been unable to obtain the financial support from financial institutions since 2015 due to major legal cases derived from the negative impact

year 2017 as a legal reserve in the amount of 18.10 million Baht and no dividends be paid from the operation of 2017. 2. Resolved for submission to the Shareholders meeting for approve the Company’s

Microsoft Word - No of the CMSB TorThor 93-52 codified (UNOFFICIAL TRANSLATION) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly