close associates benefited from the sale money of the hotel. In addition, during the process of clarification to the SEC regarding the case above, the four directors and executives of the company, at
interbank and money market items. This was coupled with a decline in interest expenses on debt issued and borrowings from the early redemption of Subordinated Debentures No. 1/2012 in December 2017. Non
appreciation of foreign currencies against Baht currency which impacted to the revenue from Hotel Business. However, the Company had revenue from new investments in new businesses such as Elite Havens in late
value when converting their operating results from local currencies to Thai Baht for the consolidation of financial statements. The Manufacturing and Selling of Toolings and Metal Fabrications, which is
are translated at the average rate for the quarter, (for their respective currencies). The Balance sheets of the offshore companies were translated at the closing rate of Baht/USD 33.98 at 30/06/17, and
respective currencies). The Balance sheets of the offshore companies were translated at the closing rate of Baht/USD 33.37 at 30/09/17, and Baht/USD 34.70 at 30/09/16 (33.98 at 30/06/17) or the respective rate
of time and at a higher rate than other currencies in competing markets, especially China. Despite the increase in raw material price and the baht’s strengthening, the Company was capable to maintain a
subsidiaries income statements are translated at the average rate for the quarter, (for their respective currencies). The Balance sheets of the offshore companies were translated at the closing rate of Baht/USD