bunch (FFB) in April 2020. As CPO expeditiously increased as mentioned above, the Company could not adjust selling price to keep up with the CPO market price; therefore cost of sales ratio increased from

Cam The business business. The baht in face Moreover, the ustain busi business is ex The busines branches exp community m addition, the C ale develop evenues in 2 The growth o using Syner collection

details of Base used in th (Ba 3 59, 587,5 3 28 4 4 1,40 4) as shown he actual shar debts betwee the amount of er to make ful lue of the ass ount of 10% After due for sale of f the value ale of land f which

. Char NMG S ale of Land uyer eller elationshi acteristics o tructure bef (2) buyer w as parti Compa between Compa (if any) and structu The winning NMG (1) ordinary (2) buyer w as parti Compa between Compa

20T H ANNIVERSARY 1 Securities and Exchange Commission, Thailand Annual Report 2012 SEC ANNUAL REPORT 20122 THE YEAR OF CHANGE The year 2012 was the time for change to become the visionary partner whose balance between proactive and preventive approaches has led to stakeholders’ confidence in the Thai capital market. THE YEAR OF CHANGE 20T H ANNIVERSARY 1 02 MESSAGE FROM THE CHAiRMAN 04 MESSAGE FROM THE SECRETARY-GENERAl 06 SEC BOARd 09 CApiTAl MARkET SupERviSORY BOARd 12 ExECuTivE OFFiCERS 13 O...