................................................................................................................................................ 3 2. Executive Summary .............................................................................................................................. 5 3. Background and Motivations for Developing the

process, incentives or rewards to employees with good performance, and management measures for employees who do not achieve the targets. Such processes are well informed to executives and employees. 4.3 The

in 2018, the company booked additional accrued bonuses while in the past the company paid compensation to employees only in the form of incentives. Therefore, there were both incentives and accrued

Performance measurement should integrate risk considerations so that there are no rewards for taking inappropriate risks at the expense of the company and its shareholders. Performance related elements should

year. However, 4th quarter company recognized tax income from BOI incentives that permit to carry forward losses (as in the early stage of first production line operation, company has annual losses) and

tax income from BOI incentives that permit to carry forward losses (as in the early stage of first production line operation, company has annual losses) and deduct them as expenses for up to five years

employees, and incentives of Project Management and Service Department. The expenses increased in line with the number of employees. In 2019, the number of employees in Project Management and Service

management and service department. Beginning in 2017, the Company has recorded the incentive expenses under personnel expenses. The incentives are paid to the employees of project management department on the

until June 2021 as well as introduction of tax incentives on car purchase in Indonesia until December 2021 will stimulate the demand of vehicles in 2021. 2. Loss After Taxation (“LAT”) For the financial

Baht and 15.46 million Baht respectively. The expenses were comprised of the salaries, bonuses, related expenses of the employees, and incentives of Project Management and Service Department. The