relationship in market expansion. More importanly the decision to invest in IGP’s Busduct can expand its business and generate better returns in the future. IGP is the first and only one manufacturer in Thailand

focused on its financial objective for 2023 -- to achieve double-digit ROCE in each of its core businesses; top decile total shareholder returns (TSR) position vs. peers and a strong cash flow through the

Initiatives to increase the value of existing shopping malls, customers, tenants and societies, and create long-term returns. In 2018, CPN progressed with the following asset enhancement initiatives. • Major

decile total shareholder returns (TSR) position vs. peers and a strong cash flow through the cycle. As presented at our Capital Markets days in Feb 2020, On the journey to achieve above objectives, IVL is

resources to grow our enterprise business and digital services with high growth potential. Dividend policy at minimum 70% of net profit AIS is committed to driving long-term growth while delivering returns to

while delivering returns to shareholders. We place importance on maintaining strong financial health and flexibility to pursue future growth. Our dividend policy is to pay a minimum of 70% of net profit

in financing activities amounting to 1,074 MTHB, consisting mainly of dividends paid to shareholders for 1,067 MTHB. Net cash flow from operating activities 3,960 MTHB Net cash flow used in investing

period. However, cash and cash equivalents decreased from repayment of short-term loans from banks, payment for investing in molds and payment of dividends. Total Liabilities As at 31 December 2018, total

more interest received from short term investment on excess cash. 3. In 2019, the net cash flow used in financing activities amounting to 1,541 MTHB which was the dividends paid to shareholders. Net cash

 applicable to each offshore subsidiary's base currency.  Payout Analysis No dividends were paid out during the quarter. Financial Status The group currently has no interest bearing debt.  Cash reserves and