mn or equivalent to 29.4% from year-ended 2016. The mainly increase of liabilities under trust receipts total THB 51.9 mn or equivalent to 34.6% and the importantly factor is purchase order for coil
investor [in Thailand]; (3) assigning a brokerage firm acting as an local representative responsible for selling, repurchasing and redeeming units in Thailand; (4) having a local representative, being [i] a
of a brokerage firm to perform duty as local intermediary in Thailand (issued by Qualifying CIS Operator) [ ] 6. Evidence on the appointment of a local representative in Thailand as the agent of the
increased due to the fact that the company could offer more product variety to serve demands of both local and foreign customers which leads to higher sales quantity. Sales price also increased compared to
decline in sales revenue was largely due to the impact of Covid-19 pandemic resulting in an economic slowdown and closure of INGRS operations in Indonesia, India, Thailand and Malaysia. The local Movement
Company has more advertising in various media in order to publicize and promote the content, resulting in a decrease in net profit ratio (ROS) from 16.24% in 2017 to 16.00% in 2018. The total expense to
activities in order to stimulate the sales including payment for specialized business tax and local maintenance tax for real estate ownership transfer which increases from the same quarter of 2018. Also
under the law of Home Regulator’s jurisdiction (issued by Home Regulator) [ ] 3. Evidence on the appointment of a brokerage firm to perform duty as local intermediary in Thailand (issued by CIS Operator