Reform Priorities in Asia: Taking Corporate Governance to a Higher Level Taking Corporate Governance to a Higher Level reform priorities in Asia 2011 REFORM PRIORITIES IN ASIA: TAKING CORPORATE

Singapore study, it cannot be interpreted as Thailand financial reporting quality (measured at the original version of financial statements provided to auditors) is higher than that of Singapore companies

year with strong performances in many product categories including electronics, automotive parts and processed agricultural goods, and higher export value that tracks the higher oil prices. 2) Strong

higher selling price and higher sale volume in CNF incoterm, while lower unit sold and appreciation of Thai baht against US dollar. . Cost of goods sold and expenses Three-month (Thousands Baht) Change

year 2018 increased 14.15 percent from 1st quarter on year 2017. Revenue from sales increased 12.28 percent due to higher sale volume and higher sale volume in CNF incoterm, however most of revenue is

statements. The request was made on the ground that the independent financial advisor is in process of exploring and gathering documents and evidence as well as more information from overseas authorities for

4,786 2,182 45.58% Total Revenue 1,585,604 1,492,159 93,446 6.26% 444,474 376,271 68,203 18.13% Company total revenue on year 2017 slightly increased 6.26 percent from year 2016, due to higher sale volume

512.5 million in 2016, as a result of following factors: 1. Sales and services revenues increased Baht 2,519.0 million or 16.8% from 2016, due to the higher amount and the higher quality of the Company’s

. Other income increased 60.00 percent from year 2017 due to higher gain from foreign exchange. Company total revenue of 4rd quarter decreased 13.85 percent from the same period of last year. Revenue from

Transparency Board Size (Bigger) Board Independence (Higher) Board Duality (Separated) Audit Committee Meeting (Higher) Main Results – Cont. Higher Corporate Disclosure and Transparency Lower Audit Report