other persons. Mr. Bhusana committed a fraud by misappropriating money of IEC through the transactions related to the outsourcing contract with Thai-Chin Engineering & Construction where Mr
inconsistent with the facts to deceive other persons. Mr. Bhusana committed a fraud by misappropriating money of IEC through the transactions related to the outsourcing contract with Thai-Chin Engineering &
/2018 by 17.2 million baht or an increase of 28.4 percent. This was because the Company can achieve a higher in amount of debt tracking for customers. Also, revenues from commission receive in insurance
subscription o regard, it depe internal contr the Board o orized by the e entering in s follows: e, amend and aws the contract o the enterin nt or the Shar amend, chan y and relevant of Thailand, y other neces
postponed the payment to the company especially for MSIL that postponed the launching of their new cars planned in 2020 to 2021. This resulted in the company being unable to achieve the target set in terms of
unfavorable condition of the Company’s traditional trade channel as the Company appointed a large-sized distributor for the channel since the first quarter of 2018 but later terminated the contract with the
terminated the contract with the distributor which is effective on 3 0 June 2 0 1 9 . During the period, the Company was unable to make any sales through traditional trade channel or assign a new distributor
0 1 8 but later terminated the contract with the distributor which is effective on 3 0 June 2 0 1 9 . During the period, the Company was unable to make any sales through traditional trade channel or