Activity Report 2016_En INDEPENDENT AUDIT INSPECTION ACTIVITIES REPORT 2016 INDEPENDENT AUDIT INSPECTION ACTIVITIES REPORT 2016 Executive Summary...................02 Quality Assurance Review Panel................04 Activities for Enhancing Audit Quality...................05 Summary of Audit Inspection Results A. Firm Level...................08 B. Engagement Level...........................28 Root Cause Analysis...................42 Framework and Focuses in 2017...................44 Essential St...

competition that affected the total marketing margin. This is in part due to lubricant production cost in 2017 that increased, while the company was unable to adjust lubricant selling price to coincide with the

there is any change in exercise price and exercise ratio under the circumstances as defined by the notifications of Capital Market Supervisory Board. The Company may adjust the exercise price and exercise

installments after the maturity of the loan repayment period (February 2014 – January 2015) and the Company requested to negotiate with Mahachai Group to adjust the loan repayment conditions 3 times as follows

(MACO-W2) (the “Terms and Conditions of MACO-W2”), the condition of the adjustment of rights under the MACO-W2 states that the Company shall adjust the exercise price and/or the exercise ratio to purchase

-W2) (the “Terms and Conditions of MACO-W2”), the condition of the adjustment of rights under the MACO-W2 states that the Company shall adjust the exercise price and/or the exercise ratio to purchase

Warrants Adjustment of Warrants The Company will be required to adjust the exercise price and/or ratio upon the occurrence of any of the following events; (1) in case of a change in par value of the

has to adjust the transaction retrospectively. This revised standard does not have any impact on the financial statements as the Management has considered and decided to continue accounting for such

as it was necessary for customer-base expansion in dialysis solution segment to adjust selling price in order to be competitive with competitors in the same market. As a result, 2017 has gross margin

Board or the SEC Office or having not been correcting its financial status or operating result according to the order of such authorities; 6 (8) having not been ordered by the SEC Office to adjust the