Directors on the Transaction The Board of Directors of the Company opines that such transaction is appropriate and beneficial for the Company and resolves to approve the transaction. 11. Opinion of the Audit

the subsidiary and payment of dividends to the Company’s shareholders and the non-controlling interests of the subsidiary. The appropriate of capital structure The Group’s debt to equity ratio as at 31

of the Company and the subsidiaries, capital increase of the subsidiaries, and the share repurchase of the Company. The appropriate of capital structure The debt to equity ratio as at 31 December 2019

claim in the loan in the amount of Baht 13,132,500 is appropriate since the said price is the fair value pursuant the valuation approach by means of book value and marker price of Gulf WHA MT. The

approach because this is the new project and under the construction. Therefore the cost approach is appropriate method to be applied because it consists of present land cost and construction expenses which

Biomass Renewable Energy Plant is appropriate since scrap material from Vanachai Panel Industries Company Limited (subsidiary company), Surat Thani Plant, cannot be processed but sufficient for electricity

and agreed on mentioned project of Biomass Renewable Energy Plant is appropriate since scrap material from Vanachai Panel Industries Company Limited (subsidiary company), Surat Thani Plant, cannot be

transaction is an appropriate and beneficial to the Company on a long- term basis, and no disagreement to the Company’s Board of Directors has been raised by the Company’s directors and/or the audit committee

million, decreased Baht 14.12 million or 8.15% comparing with last year due to maintenance and manage appropriate balance of inventories against sales quantities during the year. Selling and administrative

at 10.00 a.m. at Ball Room, Bangpoo Golf and Sport No. 191 Moo. 3, Bangpoo Industrial Estate Soi 9, Preaksamai, Muangsamutprakarn, Samutprakarn and appropriate to set the agenda for the Annual General