offset by reduction in metallic cost. 3. Selling expenses Total selling expenses of the Company and subsidiary amounting to Baht 85 million and increased by Baht 23 million YoY or 37% due to the increase

findings raised by the SEC, which ultimately lead to the improvement of audit firms’ quality. Figure 6: The weighted average score by total market capitalization of each element in the ISQC1, compared among

Disclosures related to business sustainability Set of IMM tools and guidance provided Core foundational element for strong and credible sustainability disclosures Companies make meaningful contributions to

(2019-2021), the SEC stepped up the inspection on each element to conform with today's changing contexts. More in-depth inspections on the areas containing risks to audit quality and sustainability of

auditor. Each element listed above is a crucial foundation of reliable financial report preparation; 3. Audit Committee and independent director: The audit committee and independent directors are considered

audit firms and the auditors have improved significantly on the overall audit quality and on each element of their firm-level quality control systems, compared to the results from the first-cycle audit

means any assets and activities are potentially eligible use-of-proceeds, if they meet the necessary requirements. STEP 3 STEP 2 STEP 1 • Element Energy • EIB • EBRD • University College London

TSQC1 consists of six elements, all of which are important for the system of quality control, deficiencies in one element inevitably affect the working of others and resolving a weakness in one element

for quality within the firm” and “human resources” elements, as compared to the results from the 2 or 1 cycle. Meanwhile, the “ethical requirements”, an element of observations and further improvement

sold per ton reduced by 19%. The reduction in average cost of goods sold is mainly due to reduction of 19% in metallic cost caused by decline in market prices partly offsetting the decline in HRC prices