and to arrange a special audit on the sources, existence and status of such debts which consequently caused EARTH to apply for business rehabilitation. The results of the special audit must be disclosed
subsidiary’s total net profit decreased by Baht 1,468 million or 75% while total revenue from sales and services increased by Baht 1,850 million or 29%. Raw material cost and cash conversion cost increase higher
raw material and cash conversion cost. On a YoY basis, the Company and subsidiary’s total net loss increased by Baht 666 million or 91% while total revenue from sales and services increased by Baht
sales and services amounted to Baht 8,678 million, increased by Baht 863 million or 11% QoQ. Revenue increase came from sale volume increase but still had net loss because raw material cost increase
the Debt Settlement Agreement. Liabilities from terminated rehabilitation plan and compromise decreased by Baht 171 million. Resulted from entered into compromise agreement with some creditors. The
sales volumes. The sharp decline in the Finished Goods prices has also led to a decline in Raw material prices and the Company suffered devaluation loss on Finished Goods stock, Raw Material in stock and
Meeting of Shareholders No. 1/2017 has resolved the disapproval the business rehabilitation plan of the Company according to the Debt to Equity Conversion Plan by a way of allocation and offering of the
Connected Transaction (granted financial assistance) and impact on the submission of the petition requesting for entering into business rehabilitation plan of G Steel Public Company Limited To: President The
differed from what had appeared in the application for business rehabilitation. POLAR missed the submission deadline of the special audit report on 24 July 2017. POLAR must expedite the submission of the
information via the SET system by 17 April 2018. However, EARTH notified that during the process of the business rehabilitation under the bankruptcy law, the company needs to request the Central Bankruptcy