that firms use RTOs as a short- cut to listings after review of regulation, analysis of characteristics, and readings of motivations to conduct RTOs in circulars. • Short-term positive CAR and improved

result of favorable sales growth in Vietnam and Myanmar markets. Profit for the period L&E’s consolidated profit for the period of Q1/2018 was posted at Baht 19.9 million, up 485 % or Baht 16.5 million

Export rose 7% Y-O-Y driven by a favorable sales growth in Myanmar, Cambodia, Laos, Malaysian and Indonesian markets. Profit for the period L&E’s consolidated profit for the period of Q1/2019 was posted at

thanks to the increase in same-store sales figures from company Lighting Solution Centers at both Ratchadapisek and Ratchapruk branches; - Export sales jump 55% Y-O-Y due primarily to the favorable growth

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

COVID Timeline and Cost-Saving Initiatives to Respond to the Situation The franchise outlet in Hong Kong will be ready in 1-2 month after the restriction on cross-border flight is lifted The slump in

support of the positive CSR effect on firm value irrespective of which proxy is used to identify CSR latent variable. Third, this study shows that CSR strategies based on a single pillar of ESG or the

maximize market opportunities in 2018.” 2. Outlook General economic conditions are favorable: there is growing expectation that Q4 2017 GDP growth in Thailand will have accelerated to 4.5% y/y (versus 4.3

and regulatory control variables. We also find the year after volatility in the stock market increases, gambling markets performance is positive and significant, revealing these gambling investors

to favorable energy prices. Total expenses were Baht 404.4 million, decreased by 5.2% through budget controlled measurement. However, due to the increment of temporary shutdown expenses and loss from