Type of securities : Common share | Effective Date : 13/12/2021 | Close Selling Date : 17/12/2021

𝑎𝑎ℎ𝑀𝑀𝑇𝑇𝑇𝑇ℎ𝑇𝑇𝑙𝑙𝑢𝑢𝑇𝑇𝑇𝑇 𝑥𝑥 100 𝑇𝑇𝑇𝑇𝑀𝑀𝑀𝑀𝑙𝑙 𝑎𝑎ℎ𝑀𝑀𝑇𝑇𝑇𝑇𝑎𝑎 • Size is the natural logarithm of total tangible asset. • Corporate governance (CG) is the score of corporate governance evaluation conducted by

equities ratio Firm size ln_TA Natural logarithm of total assets Growth Rate Growth (Revenuest-Revenuest-1)/Revenuest-1 Industry INDUSF Industry fixed effect Country COUNF Country fixed effect Year YF Year

Weekly Market Capitalization Free Float (FF) = Total paid - up capital - Total stocks under strategic shareholder x 100 Total shares • Size is the natural logarithm of total tangible asset. • Corporate

the natural logarithm of total assets at the end of fiscal year. • LEV, firm leverage, is measured as the ratio of total liabilities to total assets. • ROA, performance, is calculated by the ratio of

are rather skewed. In the following analysis, the natural logarithm is thus applied to each variable before estimating equations. The logarithmic transformation somewhat moderates the skewness problems

product and Organic vegetable products Brand WB Organic is known more. 620/5 หมู่ 11 ต.หนองขาม อ.ศรีราชา จ.ชลบุรี 20230 โทรศพัท ์038 480 020-1 โทรสาร 038 480 080 620/5 Moo 11 Nongkham, Sriracha, Chonburi

% due to In 2016, Repayment of loans to financial institutions. Separate financial statements Revenues 1. Total sales of 10.03 Million Baht due to the sale of organic farming. was 6.51 Million Baht or

improvement is due to organic growth of HR solution in Thailand and contribution from our overseas operations at a higher margin. This resulted in a significant increase in net profit margin from 16.13% in 2017

, 2018 increased significantly by THB 28.78 million or 77.64% from THB 37.07 million to THB 65.85 million. The organic growth of HR solution and the push for greater productivity across all segments of our