of Audit Committee, PTTGC Global Chemical Public Company Limited • Independent Director, Member of Audit Committee, Chairman of Sustainable Development Committee, Advanced Info Service Public Company

Committee, Advanced Info Service Public Company Limited • Independent Director, Member of Audit Committee, and Chairman of the Nomination and Remuneration Committee, Thai Solar Energy Public Company Limited

1929 crash. Kanis Saengchote - Chulalongkorn Business School …rather than being “elements of substance”, real estate prices were “based on the self- delusion that the Florida swamps would be wonderful

Express (Thailand) Company Limited • Independent Director, Member of Audit Committee and Chairman of Sustainable Development Committee, Advanced Info Service Public Company Limited • Independent Director

Annual Report 2009 1 Annual Report 20092 Over the past year, the Thai economy experienced a recession for the first time since the Asian economic crisis in 1997. The first quarter saw a 7.1 percent contraction as a result of sluggish export in the midst of global financial crisis, diminishing demand of domestic private sector, and lack of confidence in economic and political directions. All these factors played out against a backdrop of weakening economies of our trade partners worldwide, which...