for promoting the development of financial innovation and regulations in our respective jurisdictions. We look forward to enhancing a close cooperation with the CSSF in the future.”Mr. Claude MARX

- commissioning activities planned in December 2017 and startup early 2018. In addition to improved cash flows as a result of the better performance, the Company’s Balance Sheet al- so strengthened as a consequence

provide scale benefits and improve operating capabilities. In response to industry headwinds, Management has improved its special focus on cost and working capital optimization programs. Disciplined

order to meet long-term future demand. For 9M/2017 the liquidity analysis; current ratio, quick ratio, and cash flow ratio improved. Debt to equity ratio improved to 0.93 times due to the repayment of

and lower operating rates in several fiber manufacturing units. As all of these set of issues are now behind us, improved earnings from the EMEA region will have a further positive earnings impact for

-oriented support to the fund industry to promote long-term investment in mutual funds, aiming to foster financial well-being for youth education as well as post-retirement living. Additionally, a focus is

held another seminar for the auditors and other relevant organizations, on the topic of “Audit Quality Inspections and Expectations for Future Improvements” to discuss common deficiencies found in the

working groups of the TFAC to collaborate in the development of the Thai accounting profession. In 2020, the SEC met with the TFAC President and the TFAC Committee to discuss directions and future joint

the same period of the year earlier and has gross profit margin of 31.89%. because the company has improved the structure within the organization. The company has administrative expenses of THB 3.56

engagement performance and audit quality. For future plans, the SEC will continue to carry out the initiatives to strengthen the capability of all stakeholders. In 2020, a focus will be on proactive increase