/ Financing Cost) which edged up to 120x as of 31 December 2017. Debt to Equity Ratio decreased to extremely low level. Please be informed accordingly. Yours sincerely, (Mr. Wachira Wudhikulprapan) Managing

constructed a new club house, the new development would help to reposition golf course to a competitive level and serve the customers’ needs. The Company targeted to generate higher income from green fee, golf

areas with a high risk of COVID-19 transmission and limiting travel. Moreover, the government has introduced various stimulus measures and programs to boost spending, such as Co-Pay, the ‘Let’s Travel

attract investment. These companies are increasingly aware that a commitment to good corporate governance (including well-defined shareholder rights, high levels of transparency and disclosure, robust

investments in associates and JVs /2 Gross profit including share of profit from investments in associates and JVs During 2017, the Company reported the record-high net profit of THB 3,266.4 mm, which increased

and environmental responsibility as well as sustainable development. As a consequence of global economic situation and economic downturn in the country, the real estate sector has continuously been

high-emitting activities — a prerequisite to phasing out high-emitting assets — as well as nature-based solutions and carbon removal technologies. Deforestation This refers to the loss of natural forest

disruption to the economy. Businesses and employment were affected by the lockdown measures while consumer purchasing power continued to decline due to the high level of household debt. However, the government

expanding its customer base for new production lines, as well as maintaining its existing customers to enable the company to make a profit from the operation. Please be informed accordingly. Sincerely yours

expanded, the price of agricultural products remained low, and the level of household debt remains high. Thus, sales in the third quarter did not meet the target. However, the Company continued to undertake