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

promoting sound corporate governance. Family-controlled companies in Asia A significant portion of listed companies in Asia are family-controlled. Common challenges for family-controlled firms include that

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

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

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

decreased 15.2 Million Baht or 27%, the company controlled the expenses be in the suitable and the second quarter in 2019 was amended severance pay of the Labor Law amount of 11.3 Million Baht. In 2020, the

, the 17 estimated coefficient of 𝐶𝑆𝑅 in any model is positive and significant at the 1% level, with a larger magnitude than those of most control variables. The results from SEM strongly support the