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

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

PowerPoint Presentation CORPORATE GOVERNANCE FOR ASIAN PUBLICLY LISTED FAMILY-CONTROLLED FIRMS Dr. Tony Tan, CFA Co-Head, Ethics, Standards & Professional Conduct 6 December 2017 Bangkok, Thailand

account recorded Baht 14.95 million as losses from investment in an associated company and a jointly-controlled entity, which decreased by Baht 9.70 million or 39.35%. The Company wish to explain the main

fitness center for three months. Consequently, the closure of the hotel’s facilities had significantly affected the hotel revenues overall. For expenditures, the Company carefully controlled costs and

ends on 21 June 2018. ______________________   Remark: Regulatory sandbox is a framework allowing business operators or developers to experiment with innovative products and services in a controlled

primary listing. Nonetheless, holding companies with majority of Thai shareholders or controlled by Thai shareholders will be subject to the rules applicable to Thai companies.?Development of Thai capital

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