Activity report 2015 En INDEPENDENT AUDIT INSPECTION ACTIVITIES REPORT 2015 INDEPENDENT AUDIT INSPECTION ACTIVITIES REPORT 2015 Contents Executive Summary ....................................................... Quality Assurance Review Panel ................................... Activities for Enhancing Audit Quality ............................ Summary of Audit Inspection Results A. Firm Level ............................................................ B. Engagement Level ..........................

considered a satisfactory year and is in line with the management's expectation. In the past year, the company was able to generate cash collection from the overall NPLs and NPAs management business, which are

, the ongoing trend is now more positive compared to the first half of this year. As such, the overall expectation for the Hotels Business is that average RevPAR for full year 2017 will still increase by

below-the-expectation sales in other product categories due to the strong competition and becoming another stable sources of revenue in the future. - Translation - Page 6 of 11 Gross profits margin by

expectation for the rest of FY 2019 due to ongoing weakness in IPA margin. The strength in the core businesses (Integrated PET, Fibers and Packaging) is likely to remain for the rest of 2019. Earnings from the

also expected to remain below expectation for the rest of FY 2019 due to ongoing weakness in IPA margin. The strength in the core businesses (Integrated PET, Fibers and Packaging) is likely to remain for

the Company’s expectation given the intense competition in certain areas, such as Nakhon Ratchasima. Although rental rate escalations were affected and discount rates were higher in certain locations

at 63.6%, a decrease from 67.9% in the same period of previous year in-line with expectation. Performance of real estate business Revenue from sales In 1Q20, the Company has residential project for

ability to meet customers’ expectation. The Company also plans to extend collaboration with partners for Younique business expansion, for instance, open the showroom of Younique Customized Furniture at SCG

. The LEV variable defines as the ratio of total debt to total asset. The expectation on its relationship with TOBINQ is positive as Modigliani and Miller (1958, 1963) propose when firms must pay tax, the