capacity building; (iv) amplifying communication and awareness; and (v) strengthening co-operation and co-ordination. The meeting also acknowledged the progress of ACMF working groups on implementation of

No. CC20191103ELE November 12, 2019 Re: Clarification of the changes in operation performance for the third quarter and the nine- month period ended 30 September 2019 Attn: The President The Stock

(v) strengthening co-operation and co-ordination.  The meeting also acknowledged the progress of ACMF working groups on implementation of the six short-to-medium term focus areas identified in the

Operation in the Future For the year 2020, the Company expects that exports will continue to slow down as the global economy and the Thai baht exchange rate remains fluctuates and continues to appreciation

Overview In the year 2017, the overall picture of the apparel industry remained stable in line with the Thai and global economy. The sale of goods to foreign countries has been affected by the appreciation

Repeal of the Notifications related to Operation of Securities Business and Derivatives Business by Securities Company and Derivatives Intermediary

The Repeal of Notifications related to Operation of Securities Clearing House, Central Securities Depository, Derivatives Exchange and Derivatives Clearing House

the Company had resolved the resolution to the Company that it shall cease metals trading business at the end of the first quarter of 2019. (“Discontinued operation”) Padaeng Industry Public Company

Management’s Discussion and Analysis For the Financial Results of Quarter 2 Year 2017 Ended June 30, 2017 1 ABBREVIATION ADB = Asian Development Bank COD = Commercial Operation Date EBITDA = Earnings

. Assets increased primarily from the acquisition of the acorna hotel portfolio and Noble Ploenchit office building, however this was offset by the sale of Mo Chit Land, and largely from the appreciation of