the entry into the Transaction is reasonable and its for the benefit of the Company and its shareholders as to expand opportunity in the entry into cosmeceuticals and medical business which is consumers

Purchase Agreement. Ref. WINNER 0009/20108 Page 10 of 10 11. Opinion of the Board of Directors The Board of Directors deems that the entry into the Transaction is created benefit of the Company and its

February 2018 and a brother of Miss Nita Treeweeranuwat. 9. Board of Director's Opinion on the Transaction Board of Director, excluding those that has interest, views that the transaction will benefit the

tax assessments 296 695 177 (57.4%) 67.0% Other current liabilities 261 296 405 (12.0%) (35.7%) Provision for long-term employee benefit 1,234 1,337 1,459 (7.7%) (15.4%) Other non-current liabilities

.  Deferred tax assets  Post-employment benefits under defined benefit plans.

serve with trend and demand of consumer which prefer the community mall that provide a convenient and variety of grocery store. The board of the Company considers that this project will benefit to the

baht, increased by 5.27 million baht or 5.31%, from last year, which the change was mainly from provision for long-term employee benefit amounted to 48.21 million baht, increased by 12.69 million baht or

% Non-current liabilities Provision for employee benefit 32.05 1.40% 31.07 1.36% Total non-current liabilities 32.05 1.40% 31.07 1.36% TOTAL LIABILITIES 635.44 27.75% 655.42 28.85% SHAREHOLDERS’ EQUITY

mix and 2017 carry over benefit of $700K from Japan perpetual license deal. Corrective actions and controls are in place to mitigate rising labor costs and improve forecasting and purchasing practices

reasonable and will benefit the Company and the shareholders as detailed in section 8, and resolved to approve disposal in Thai Solar Energy Public Company Limited (“TSE”) by offering all of total shares in