long-outstanding receivables has recorded in accordance with the Financial Reporting Standard No. 9 Financial Instruments (TFRS 9) and also the employee-related expenses have increased. -3- Financial
still the fixed costs such as employee salaries, therefore the decreased rate in expense was lower than the decrease rate in revenue. Financial Analysis of the company As of March 31, 2020, the Company
are still in process but have not yet completed according to the achievement stage, therefore those projects cannot be delivered. In additional, the ongoing outbreak of COVID–19 had hindered operations
18.9%, respectively. However those were in the opposite direction to the declining change in revenue due to the increase in employee-related expenses such as commission and salary. In addition, the
Thaicredit Retail Bank Public Company Limited On 1 March, 2017 Thaicredit Retail Bank Public Company Limited (“TCR”) offer for sale newly issued securities in the category of warrant (Employee Stock
allotted more than 5% of the total CCET-WC issued and offered. 3.4 Employees of the Company and/or its subsidiaries who are eligible to receive the allocation of CCET-WC must be; (a) Employee of the Company
CCET-WC must be; (a) Employee of the Company and/or its subsidiaries on the date of allotment of CCET-WC. (b) The amount of CCET-WC that each employee of the Company and/or its subsidiaries will receive
newly issued securities in the category of warrant (Employee Stock Option Program : ESOP) without having obtained an approval from the SEC Office. SEC Act S.300 in conjunction with 33 Settlement
the company’s readjusting of employee accrued benefits and base salary to serve the company’s strategy towards fully digitalized format as well as to encourage all employee preparing for Digital