Inside brokers Weikai Li, Abhiroop Mukherjee, Rik Sen WHO SHOULD REGULATE INVESTMENT ADVISERS? Ben Charoenwong* National University of Singapore Alan Kwan Hong Kong University Tarik Umar Rice

May 2020 with significant resolutions as follows: 1. Acknowledgment of a resignation of Mr. Sontiyan Chuenruetainaidhama from positions of Director ,Vice Chairman of the Board of Directors No.2 and

Company Limited (the “Company”) would like to inform the resolutions of the Board of Directors’ Meeting No. 6/2020, held on 25 May 2020 with significant resolutions as follows: 1. Acknowledgment of a

, which came from costs of sales, distribution costs and administrative expenses control, Change in recognition of depreciation of right-of- use asset pursuant Thai Financial Reporting Standards No. 16

recognition of all remaining expenses of the project that has closed according to the purchase order along with the revenue from the delivered of work (3) Expenses Quarter 3-2019 company and its subsidiaries

profit. Due to the decrease in the volume and the selling price of steel wire and UWC has cost of work and project work increased. Due to the recognition of all remaining expenses of the project that has

that unable to sell at market price and UWC’s subsidiaries have recognition the cost of closing project with residual income from delivery. (3) Expenses Quarter 1-2019 company and its subsidiaries has

investments of 161.18 million baht. Therefore, please be informed for this dissemination to investors and interested parties in general acknowledgement. Best regards, --Angoon Phipphkorn-- (Mr. Angoon

. Therefore, please be informed for this dissemination to investors and interested parties in general acknowledgement. Best regards, (Mr. Angoon Phimphkorn) Managing Director

, and cut down marketing budget in order to cope with the reduction in sales and services revenue. In addition, The Company and subsidiaries has change in recognition of depreciation of right-of-use asset