sustainable advantages for the longer term. These include signing off on a single source of truth with ONE ERP across our businesses, setting up a global shared services center in India, taking a deep dive into

longer term. These include signing off on a single source of truth vide ONE SAP across our businesses, setting up a global shared services center in India and taking a deep dive into our fibers business to

Positive S&P Global Ratings Long-term Issuer Credit Rating BBB+ BBB+ BBB+ Short-term Issuer Credit Rating A-2 A-2 A-2 Senior Unsecured Debt Instrument BBB+ BBB+ BBB+ Subordinated Debt Instrument BBB BBB BBB

) baa1 baa2 baa2 Outlook Positive Stable Stable S&P Global Ratings Long-term Issuer Credit Rating BBB+ BBB+ BBB+ Short-term Issuer Credit Rating A-2 A-2 A-2 Senior Unsecured Debt Instrument BBB+ BBB+ BBB

Baa1 Baa1 Subordinated Debt Instrument Baa3 Baa3 Baa3 Financial Strength (BCA) baa2 baa2 baa2 Outlook Stable Stable Stable S&P Global Ratings Long-term Issuer Credit Rating BBB+ BBB+ BBB+ Short-term

with the US stock and debt markets. 11 Moreover, our cooperative efforts with various partners are ongoing. Of note was “UGG: Global Long-term Growth Opportunity among Innovative Economies”, an event

4.2 percent in 2018. Against the backdrop of a global trade slowdown and US-China trade uncertainty, merchandise exports and imports for the year contracted by 2.7 and 4.7 percent from 2018

&P Global Ratings Long-term Issuer Credit Rating BBB+ BBB+ BBB+ BBB+ Short-term Issuer Credit Rating A-2 A-2 A-2 A-2 Senior Unsecured Debt Instrument BBB+ BBB+ BBB+ BBB+ Subordinated Debt Instrument

repayment of such short-term loans and inform the shareholders and the SET accordingly. Information Memorandum on the acquisition of assets of Global Service Center Public Company Limited According to the

-term leasehold agreement Leasee: Global Service Center Public Company Limited (“the Company” or “GSC”) Lessor: People Society Company Limited Remark: the lessor has no relationship and involvement with