crisis at IFEC. He has also failed to carry out his duty for the benefit of IFEC and its shareholders. There have been many complaints against Mr. Suphanan, alleging that his behaviors have damaged both
provision of Class Action in the Thai legal system results from the endeavor of the Securities and Exchange Commission, Thailand (“SEC") to resolve the problem that the damaged investors could not get
1/2 Ref: CIG 015/2018 March 12, 2018 Subject: Profit and loss reporting the financial statements for the year ended December 31, 2017 and explanation of more than 20 percent fluctuation in profit and
1 Ref: CIG 037/2017 August 15, 2017 Subject: Profit and loss reporting for the second quarter of 2017 and explanation of more than 20 percent fluctuation in profit and loss compared to that of last
separated financial statement as at 30 June 2017 respectively. However, as a result of the exchange rate fluctuation, the Company lost from this transaction in sum of Baht 44,000,000 and Baht 40,000,000 in
1 Ref: CIG 053/2017 November 15, 2017 Subject: Profit and loss reporting for the third quarter of 2017 and explanation of more than 20 percent fluctuation in profit and loss compared to that of last
separated financial statement as at 30 September 2017 respectively. However, as a result of the exchange rate fluctuation, the Company lost from this transaction in sum of Baht 44,000,000 and Baht 40,000,000
exchange contracts that the company utilized in order to mitigate the risks of foreign exchange rate fluctuation. 5. Sales and administrative expenses increased by 8.08 million baht (from 499.86 million baht