Thailand CH. Karnchang Public Company Limited (the “Company”) hereby reports the connected transaction among the Company and Expert Transport Co., Ltd., whose shares are held by the Company’s major

due to its lofty international reserves. Meanwhile, Thai and US interest rates and bond yields were declining due to several factors. There were, for instance, political strife between North Korea and

. Experiment 2: Social Proof Experiment Control: Cognitive Reflection Test (CRT) + Preference Elicitation Source: Authors’ design Expert recommen dation non-expert recommen dation Simple life insurance 1 2

committee member; (2) the Director-General of the Fiscal Policy Office, the Ministry of Finance or the Deputy Director-General of the Fiscal Policy Office, Senior Expert or Director of the department in the

(raw material), COGs/revenue ratio of Q1/2019 are at high level. This is because of high stock level carried over Q4/2018.  Increase in cost of sales of are main impact to minus in bottom line. 3 / 4

Company overall. (11) Opinion of the Audit Committee and/or Company’s Directors that is different than the opinion of the Board of Directors : None (12) Opinion of the Independent Expert : None (13

investment with Mr. Akranan Kankittinant (a third person), who is an expert in a major food supplement distribution business in Thailand and such person is not being a connected person of the Company according

production line of flexible packaging and the machine setup process is not complete and new employee lack of expert skill and the use of raw material is inefficient, cause a high production cost. 3. Selling

% respectively. Such growth was soaring depreciation and space’s expenses led by Don Mueang branch boosting high share compared to revenue. The company closed down the branch at the end of May 2018. This will

of the plant and machineries from an independent engineering expert. The effect of such change in the estimated useful lives of assets to the depreciation charge during the quarter is as below; Unit