explanation from the company directors in order to make a prudent decision on their voting. The SEC requires that any material acquisition and disposal of assets subject to the shareholders? approval must have

management companies must provide explanation concerning the funds for investors? understanding and must also take necessary steps to ensure that investors learn of associated risks prior to making investment

2024 annual compliance reports. In this front, reporting of any non-application or unfinished application of the recommended guidelines shall be accompanied by the explanation of the associated

1 / 4 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year ended 31 December 2019 • Explanation and

1 / 6 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the three-month period ended 30 September 2019

. 018 / 2018 May 9, 2018 Subject Explanation of the operating performance for 3-month period ended March 31, 2018 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public Company

10 May 2018 Re Explanation and analysis of the Management for the 1st quarter of 2018 ended 31 March 2018 To Director and Manager, Stock Exchange of Thailand Whereas the Meeting No. 2/2561 of the

10 August 2017 Re Explanation and analysis of the Management for the 2nd quarter of 2017 ended 30 June 2017 To Director and Manager, Stock Exchange of Thailand Whereas the Meeting No. 3/2560 of the

. 004 / 2019 February 27, 2019 Subject Explanation of the operating performance for the year 2018 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public Company Limited would like to

. 015 / 2019 May 14, 2019 Subject Explanation of the operating performance for 3-month period ended March 31, 2019 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public Company