materials during Q3/2017, therefore, COGs per revenue still increase 2% to 82%, comparing to 80% of last year. o Regarding to fierce price competing, company faced with difficult situation in price adjustment

than that in Thailand around 20%-25%. Thus, the Company could expand and increase the percentage of market in India, and profit margins for competing competitive products. However, in the past 2-3 years

production in India is lower than that in Thailand around 20-25 percent. Thus, the Company could expand and increase the percentage of market in India, and profit margins for competing competitive products

of dispute regarding the competing road with the Udon Ratthaya Expressway which Northern Bangkok Expressway Company Limited (NECL), the subsidiary of the Company, requiring Expressway Authority of

of time and at a higher rate than other currencies in competing markets, especially China. Despite the increase in raw material price and the baht’s strengthening, the Company was capable to maintain a

experiences, comparing, and competing among themselves in an area of sustainability. It also involves incorporating the ESG (Environmental, Social, Governance) into a company's business operations, which is a

rendered the judgement of dispute regarding the competing road with the Udon Ratthaya Expressway which Northern Bangkok Expressway Company Limited (NECL), the subsidiary of the Company, requiring Expressway

partnership with Jaymart, a local well-known retail chain for telecom/ IT products, to enhance our acquisition strategy in key competing areas. Another is the collaboration with Singtel to launch a cross-border

i SUSTAINABLE FINANCE INITIATIVES FOR THAILAND In collaboration with Sustainable Finance Initiatives for Thailand P a g e | 2 Contents 1. Foreword ................................................................................................................................................ 3 2. Executive Summary .............................................................................................................................. 5 3. Background and Motivations for Developing the Initiat...

non-competition agreement is as follows; (1) Non-competing Business After the disposal of the investment, Mr. Subbhalerk Na Songkla, as a shareholder of the Company and SUTG, including the concert party