applying corporate governance principles to family-controlled businesses, expectations from institutional investors and disclosure of beneficial ownership in businesses in Asia.    -------------* Established

well as sales mix management in each product category efficiently. However, the Company still strictly controlled on the selling and administrative expenses. For the twelve-month period ended December 31

better cost controlled. 4. The company’ s financial cost in the third quarter of 2018 were Baht 1.9 million decreased by Baht 1.52 million, or 44.36% from the same quarter of 2017, due to the capital

that most of holding company assets be placed in the core business managed and controlled by holding company and requiring an appropriate mechanism be available for protection of the benefits of holding

controlled, sustained and influenced the price of such shares continuously to lure the general public to purchase and sell CHUO shares as well. The closing price of CHUO shares rose from 9.40 baht on 25 April

with unexpected problems that occurred in the production process during 2019. Consequently, the production cost per unit has increased Selling Expenses Selling expenses for the fiscal year 2019 were in

unexpected pandemic of COVID-19, resulted to unavoidable significant impact to revenue and operating result of the Company. However, the Executive and their team has brainstormed and made a strategic planning

32.8% from energy favorable prices. Costs were controlled and the total expenses in quarter 3 reported at Baht 333.6 million, a decrease of 25.9% over the same period last year. As a result, the Company

controlled on the selling and administrative expenses. Please be informed accordingly. Sincerely yours, (Unyarat Pornprakit) Director and Chief Executive Officer

expenses because of lower bank borrowings resulted from the decreased accounts receivable and inventories, plus the company has efficiently controlled the marketing and administrative expenses to cope with