policy to increase the minimum wage, which is projected to benefit over 3.7 million employees beginning January 1, 2025. This policy is expected to exert a positive influence on the Company’s operations in

cost. Moreover the minimum wage adjustment was increased in 2017. 2. The administrative expense has been increased due to impairment loss on investment which is the available for sale investment since

(dormant company). Padaeng Industry Public Company Limited (the “Company”) would like to notify that the Board of Directors’ Meeting No. 04-2019 which was convened on Friday 9 August 2019 resolved to approve

latest wage rate. The cost of materials used in the assembly work also increased, as compared to the same period of the previous year 2. The company total income decreased by 7.1 million baht or 4.3

termination pay of 400 days of the last wage earned, which increased from 300 days of the last wage earned, when their employment was terminated. Also, in 2019 the high utility costs were because the Company’s

the same quarter of last year, but the price adjustment was not immediately possible. Labor costs have increased due to the minimum wage adjustment in April. In addition, the cost of depreciation

some customers. Labor costs have increased due to the minimum wage adjustment in April. In addition, there were significantly increased in trial cost and example product cost of new model in packaging

performance of Thai Economy, as well as an impact from the rising of Wage and Benefits from the agreement with Labour Union in Q2/FY2019 (January 1 – March 31 2019) resulted to; 1. Total revenues of the Company

receive the retirement compensation of not less than 400 days at their latest wage (versus 300 days previously). For the six-month operating period ending June 30, 2019, in the consolidated financial

uninterrupted period of 20 years or more is entitled to receive payment of not less than his/her last rate of wage for 400 days, this law is effective since 5 May 2019. Despite such change, for 3 months period of