1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...
Management 36 1 1. Overview of Operating Environment 1.1 Global and Thai Economy in the Third Quarter of 2017 Overall, the global economy gained traction throughout the first nine months of 2017. Bright
latter part of the year, bolstering consumer spending and private investment. However, the economic growth was subdued as the economy was still in a recovery stage and goods exports were weak, partly
this year may be capped by weak commodity prices, likely causing growth in export value to be lower than what was seen in the first half. At the same time, farm income may decelerate amid rising output
sustain its growth. Overall, however, it was plagued by weak exports and tourism amid the global economic slowdown. Aside from these challenges, businesses had to contend with more complex competition
Risk Management During the first quarter of 2018, the Thai economy saw an uneven recovery amid limited growth in consumption, weak farm income and risks from uncertain trade policies and protectionist
to slow due to a Thai economic recovery that is forecast to remain weak, and heightened internal and external risks. We are therefore closely monitoring and analyzing related developments. Subject to
evaluation and of the linkage between performance and compensations of this type of staff Weak linkage between staff performance evaluation and audit quality indicators B. Engagement level Audits of revenues