shareholding in ICUK, which is indirectly held by CVHLUX, increased from 51.0% to approximately 84.3% 2/ The Company’s management prepared consolidated financial statements of CVHLUX (unreviewed and unaudited

by CVHLUX, increased from 51.0% to approximately 84.3% 2/ CVHLUX is exempted from preparing an audited financial statement for the period ending 31 December 2016 within its jurisdiction. The Company’s

from the previous year. In 2018, the company had total selling expenses of Baht 266.06 million, representing an increase of Baht 134.38 million due to the company having increased marketing and sales

30% of cost of rent and services) for shopping mall operations, increased from the same period a year earlier due to the continuous rise in electricity Ft rate since May 2017. CPN, meanwhile, achieved

with low demand in small packaging formats due to lockdown).  Thermoforming (where demand increased on account of increased home deliveries and food packaging for take away) .  Personal care , hygiene

arrangements increased by Baht 827.8 million from concession rights of Krabi Solid Waste Power Plant and amortization during the period. Right-of-use assets increase by Baht 37.4 million from the adoption of

. • Increased Transparency on Reporting Timeline Issuers are encouraged to indicate the timeline in which reporting on the ASEAN Sustainability-Linked Bonds will be made available. • External Review Issuers must

20T H ANNIVERSARY 1 Securities and Exchange Commission, Thailand Annual Report 2012 SEC ANNUAL REPORT 20122 THE YEAR OF CHANGE The year 2012 was the time for change to become the visionary partner whose balance between proactive and preventive approaches has led to stakeholders’ confidence in the Thai capital market. THE YEAR OF CHANGE 20T H ANNIVERSARY 1 02 MESSAGE FROM THE CHAiRMAN 04 MESSAGE FROM THE SECRETARY-GENERAl 06 SEC BOARd 09 CApiTAl MARkET SupERviSORY BOARd 12 ExECuTivE OFFiCERS 13 O...

major component (accounts for approximately 30% of cost of rent and services) for shopping mall operations, increased from the same period a year earlier amidst the continuous rise in electricity Ft rate

% (-0% YoY: -1% QoQ)  Operating rate of 93% This segment accounts for 12% of production and contributed to 16% of core EBITDA. Production volume in this segment increased by 22% on a YoY basis and 7% on