Common use of BASIS FOR THE PREPARATION OF FINANCIAL STATEMENTS Clause in Contracts

BASIS FOR THE PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 (revised 2018) Interim Financial Reporting, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 2018. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Thai Financial Reporting Standards that become effective in the current year During the period, the Company has adopted the revised and new financial reporting standards and interpretations (revised 2018) including new accounting treatment guidance, which is effective for fiscal years beginning on or after January 1, 2019. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes and clarifications directed towards disclosures in the notes to financial statements. The adoption of these financial reporting standards does not have any significant impact on the Companys’ financial statements. However, the new standard involves changes to key principles, as summarized below. TFRS 15 Revenue from Contracts with Customers TFRS 15 supersedes TAS 11 Construction Contracts and TAS 18 Revenue, together with related Interpretations. Entities are to apply this standard to all contracts with customers unless those contracts fall within the scope of other standards. The standard establishes a five-step model to account for revenue arising from contracts with customers, with revenue being recognized at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer. The standard requires entities to exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each step of the model. 2.3 Financial reporting standards that will become effective in the future During the period, the Federation of Accounting Professions issued the financial reporting standard and accounting guidance for financial instruments, which is effective for fiscal years beginning on or after January 1, 2020. Key principles of these standards are summarized below. The accounting guidance for financial instruments and Presentation for Insurance business Accounting practice was adjusted to have close content with TFRS 9 by dividing into 4 parts as follows: 1. The recognition of transaction and valuation of financial instrument which is developed closely to the accounting standards No.105 (revised 2016) regarding accounting for investment in debt securities and equity securities and financial reporting standards No.9 financial instrument. 2. Impairment of financial asset which has content close to the financial reporting standard No.9 re: financial instruments 3. Accounting to prevent risk with content close to the financial reporting standard No.9 regarding financial instrument. 4. Information disclosure of financial instrument with content similar to the financial reporting standard No.7 disclosure of financial instrument information.

BASIS FOR THE PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai the Accounting Standard No. 34 (revised 20182016) Interim Financial Reporting, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20182016. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Thai Financial Reporting Standards that become effective in the current year During the period, the The Company has have adopted the revised and new financial reporting standards and interpretations (revised 2018) including new accounting treatment guidance, 2016 Thai Financial Reporting Standards issued by the Federation of Accounting Professions which is become effective for the fiscal years beginning on or after January 1, 20192017. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards Standards, with most of the changes and clarifications directed towards disclosures in revision of wording and terminology, provision of interpretations and accounting guidance to users of the notes to financial statementsstandards. The adoption of these financial reporting standards does do not have any significant impact on the Companys’ Company financial statements. However, the new standard involves changes to key principles, as summarized below. TFRS 15 Revenue from Contracts with Customers TFRS 15 supersedes TAS 11 Construction Contracts and TAS 18 Revenue, together with related Interpretations. Entities are to apply this standard to all contracts with customers unless those contracts fall within the scope of other standards. The standard establishes a five-step model to account for revenue arising from contracts with customers, with revenue being recognized at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer. The standard requires entities to exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each step of the model. 2.3 Thai Financial reporting standards Reporting Standards that will become effective in the future During the periodyear, the Federation of Accounting Professions issued of the financial reporting standard and accounting guidance for financial instruments, revised 2017 Thai Financial Reporting Standards which is effective for fiscal years beginning on or after January 1, 20202018. Key principles of these standards are summarized below. The accounting guidance for financial instruments and Presentation for Insurance business Accounting practice was adjusted to have close content with TFRS 9 by dividing into 4 parts as follows: 1. The recognition of transaction and valuation of financial instrument which is developed closely to the accounting standards No.105 (revised 2016) regarding accounting for investment in debt securities and equity securities and These financial reporting standards No.9 were aimed at alignment with the corresponding International Financial Reporting Standards. The management of the Company believe that the revised financial instrument. 2. Impairment of financial asset which has content close to reporting standards will not have any significant impact on the financial reporting standard No.9 re: financial instruments 3. Accounting to prevent risk with content close to the financial reporting standard No.9 regarding financial instrumentstatements when it is initially applied. 4. Information disclosure of financial instrument with content similar to the financial reporting standard No.7 disclosure of financial instrument information.

BASIS FOR THE PREPARATION OF FINANCIAL STATEMENTS. 2.1 3.1 Basis for the preparation of interim financial statements These interim The financial statements are have been prepared in accordance with the accounting standards prescribed by Thai Accounts Act enunciated under the Accounting Standard No. 34 (revised 2018) Interim Financial Reporting, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction Profession Act B.E.2547 by complying with the financial statements for the year ended December 31, 2018reporting standards. The interim presentation of the financial statements has been made in compliance with the Notification of the Department of Business Development, the Ministry of Commerce, re : the financial statements presentation for public limited company, issued under the Accounting Act B.E.2543. The financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial Financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the such financial statements in Thai language versionlanguage. All financial information presented has been rounded to the nearest thousand unless otherwise stated. 2.2 Thai 3.2 Financial Reporting Standards reporting standards that become became effective in the current year During the periodyear, the Company has Group have adopted the revised and new financial reporting standards and interpretations (revised 2018) including new accounting treatment guidancestandards, which is are effective for fiscal years beginning on or after January 1, 20192022. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes and clarifications directed towards clarifying accounting practices, accounting guidance and disclosures in the notes to the financial statementsstatements and, for some standards, providing temporary reliefs or temporary exemptions to users of the standards. The adoption of these financial reporting standards does not have any significant impact on the Companys’ financial statements. However, statements in the new standard involves changes to key principles, as summarized below. TFRS 15 Revenue from Contracts with Customers TFRS 15 supersedes TAS 11 Construction Contracts and TAS 18 Revenue, together with related Interpretations. Entities are to apply this standard to all contracts with customers unless those contracts fall within the scope of other standards. The standard establishes a five-step model to account for revenue arising from contracts with customers, with revenue being recognized at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer. The standard requires entities to exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each step of the modelcurrent year. 2.3 3.3 Revised Financial reporting standards Reporting Standards that will become effective in the future During the period, the Federation of Accounting Professions issued for the financial reporting standard and statements with the accounting guidance for financial instruments, which is effective for fiscal years period beginning on or after January 1, 2020. Key principles 2023 The Federation of these standards are summarized below. The accounting guidance for financial instruments and Presentation for Insurance business Accounting practice was adjusted Professions has announced to have close content with TFRS 9 by dividing into 4 parts as follows: 1. The recognition of transaction and valuation of financial instrument which is developed closely to the accounting standards No.105 (apply several revised 2016) regarding accounting for investment in debt securities and equity securities and financial reporting standards No.9 in the Royal Gazette. This will become effective for the financial instrument. 2statements with the accounting period beginning on or after January 1, 2023. Impairment of financial asset which has content close to This revision is for the financial reporting standard No.9 re: standards to be clearer and more appropriate and to conform with international financial instruments 3reporting standards. Accounting to prevent risk with content close to Such revision does not affect the principles of the standards and does not affect the users of the financial reporting standard No.9 regarding standards adopted before 2023. The management of the Group believe that this revision of the standards will not significantly affect the financial instrumentstatements. 43.4 New Financial Reporting Standards The Federation of Accounting Professions has announced to apply the Financial Reporting Standard No.17 on “Insurance Contract” in the Royal Gazette. Information disclosure This standard requires to comply with the defined criteria of financial instrument with content similar the international reporting standards including various related improvements. The effective date is to apply on the financial reporting standard No.7 disclosure of financial instrument informationstatements for the accounting period beginning on or after January 1, 2025.

BASIS FOR THE PREPARATION OF FINANCIAL STATEMENTS. 2.1 3.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 (revised 20182017) Interim Financial Reporting, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20182017. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Thai 3.2 Financial Reporting Standards reporting standards that become effective in the current year During the period, the The Company has and its subsidiaries have adopted the revised and new financial reporting standards and interpretations (revised 2018) including new accounting treatment guidance, 2017 Thai Financial Reporting Standards issued by the Federation of Accounting Professions which is become effective for the fiscal years beginning on or after January 1, 20192018. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes and clarifications directed towards disclosures in the notes to financial statementsStandards. The adoption of these These financial reporting standards does do not have any significant impact on the CompanysCompany and its subsidiaries’ financial statements. However, the new standard involves changes to key principles, as summarized below. TFRS 15 Revenue from Contracts with Customers TFRS 15 supersedes TAS 11 Construction Contracts and TAS 18 Revenue, together with related Interpretations. Entities are to apply this standard to all contracts with customers unless those contracts fall within the scope of other standards. The standard establishes a five-step model to account for revenue arising from contracts with customers, with revenue being recognized at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer. The standard requires entities to exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each step of the model. 2.3 Financial 3.3 Newly issued financial reporting standards that will become and effective in the future During the period2018, the Federation of Accounting Professions issued the new financial reporting standard and standards that are already announced in the Royal Gazette which are the newly issued financial reporting standards. New accounting guidance for financial instruments, which is standards are effective for the fiscal years year beginning on or after January 1, 2020. Key principles of these standards are summarized below. The accounting guidance for financial instruments and Presentation for Insurance business Accounting practice was adjusted to have close content with TFRS 9 by dividing into 4 parts 2019, as follows: 1. The recognition of transaction and valuation of financial instrument which is developed closely to the accounting standards No.105 (revised 2016) regarding accounting for investment in debt securities and equity securities and financial reporting standards No.9 financial instrument. 2. Impairment of financial asset which has content close to the financial reporting standard No.9 re: financial instruments 3. Accounting to prevent risk with content close to the financial reporting standard No.9 regarding financial instrument. 4. Information disclosure of financial instrument with content similar to the financial reporting standard No.7 disclosure of financial instrument information.

BASIS FOR THE PREPARATION OF FINANCIAL STATEMENTS. 2.1 3.1 Basis for the preparation of interim financial statements These interim financial statements are prepared on a condensed basis in accordance with Thai the Accounting Standard No. 34 (revised 20182016) Interim Financial Reporting, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis emphasie on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20182016. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 3.2 Thai Financial Reporting Standards that become effective in the current year During the period, the The Company has and its subsidiaries have adopted the revised and new financial reporting standards and interpretations (revised 2018) including new accounting treatment guidance, 2016 Thai Financial Reporting Standards issued by the Federation of Accounting Professions which is become effective for the fiscal years beginning on or after January 1, 20192017. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards Standards, with most of the changes and clarifications directed towards disclosures in revision of wording and terminology, provision of interpretations and accounting guidance to users of the notes to financial statementsstandards. The adoption of these financial reporting standards does do not have any significant impact on the CompanysCompany and its subsidiaries’ financial statements. However, the new standard involves changes to key principles, as summarized below. TFRS 15 Revenue from Contracts with Customers TFRS 15 supersedes TAS 11 Construction Contracts and TAS 18 Revenue, together with related Interpretations. Entities are to apply this standard to all contracts with customers unless those contracts fall within the scope of other standards. The standard establishes a five-step model to account for revenue arising from contracts with customers, with revenue being recognized at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer. The standard requires entities to exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each step of the model. 2.3 3.3 Thai Financial reporting standards Reporting Standards that will become effective in the future During the periodyear, the Federation of Accounting Professions issued of the financial reporting standard and accounting guidance for financial instruments, revised 2017 Thai Financial Reporting Standards which is effective for fiscal years beginning on or after January 1, 20202018. Key principles of these standards are summarized below. The accounting guidance for financial instruments and Presentation for Insurance business Accounting practice was adjusted to have close content with TFRS 9 by dividing into 4 parts as follows: 1. The recognition of transaction and valuation of financial instrument which is developed closely to the accounting standards No.105 (revised 2016) regarding accounting for investment in debt securities and equity securities and These financial reporting standards No.9 were aimed at alignment with the corresponding International Financial Reporting Standards. The management of the Company and its subsidiaries believe that the revised financial instrumentreporting standards will not have any significant impact on the financial statements when it is initially applied. 23.4 Reporting currency in interim financial information These interim financial information are presented in Thai Baht which is different from the functional currency of the Company, which is Japanese Yen (JPY). Impairment The presentation is in Thai Baht in accordance with the regulatory requirements in Thailand. The JPY functional currency interim financial information are translated into the Thai Baht presentation currency interim financial information at the rate of exchange prevailing at the end of reporting period in respect of assets and liabilities, and at a rate that approximates the actual rate at the date of the transaction in respect of revenues and expenses, differences arising from currency translations have been shown as “Exchange differences on translating financial statements” in the statements of comprehensive income and included under “Other components of shareholders’ equity” in the statements of financial asset which position. All interim financial information presented in notes to financial statements has content close been rounded to the nearest thousand unless otherwise stated. 3.5 Use of estimates and judgments by the management The preparation of interim financial reporting standard No.9 re: financial instruments 3. information in conformity with TFRS issued by the Federation of Accounting Professions and accounting practices generally accepted in Thailand also requires the Company’s management to prevent risk with content close exercise judgments in order to determine the accounting policies, estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting standard No.9 regarding financial instrumentperiod. The estimates and associated assumptions are based on factors that are considered to be relevant. Although these estimates are based on management’s reasonable consideration of current events, actual results may differ from these estimates. 4. Information disclosure 3.6 Significant accounting policies The interim financial information has been prepared based on the basis, accounting policies and method of financial instrument computation consistent with content similar to those used in the financial reporting standard No.7 disclosure of financial instrument informationstatements for the year ended December 31, 2016.

BASIS FOR THE PREPARATION OF FINANCIAL STATEMENTS. 2.1 Basis for the preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 (revised 20182017) Interim Financial Reporting, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction with the financial statements for the year ended December 31, 20182017. The interim financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the financial statements in Thai language version. 2.2 Thai Financial Reporting Standards that become effective in the current year During the period, the The Company has have adopted the revised and new 2017 Thai Financial Reporting Standards issued by the Federation of Accounting Professions which become effective for the fiscal years beginning on or after January 1, 2018. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards. These financial reporting standards do not have any significant impact on the Company and interpretations (revised its subsidiaries’ financial statements. 2.3 Financial reporting standard that will become effective in the future During 2018) including new accounting treatment guidance, the Federation of Accounting Professions issued the financial reporting standard TFRS 15 Revenue from Contracts with Customers, which is effective for fiscal years beginning on or after January 1, 2019. These financial reporting Key principles of this standard is revenue recognition will replace the following standards were aimed at alignment with and interpretations as follows: TAS 11 (revised 2017) Construction contracts TAS 18 (revised 2017) Revenue TSIC 31 (revised 2017) Revenue - Barter Transactions Involving Advertising Services TFRIC 13 (revised 2017) Customer Loyalty Programmer TFRIC 15 (revised 2017) Agreements for the corresponding International Financial Reporting Standards with most Construction of the changes and clarifications directed towards disclosures in the notes to financial statements. The adoption Real Estate TFRIC 18 (revised 2017) Transfers of these financial reporting standards does not have any significant impact on the Companys’ financial statements. However, the new standard involves changes to key principles, as summarized below. TFRS 15 Revenue Assets from Contracts with Customers TFRS 15 supersedes TAS 11 Construction Contracts and TAS 18 Revenue, together with related Interpretations. Entities entities are to apply this standard to all contracts with customers unless those contracts fall within the scope of other standards. The standard establishes a five-step model to account for revenue arising from contracts with customers, with revenue being recognized at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer. The standard requires entities to exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each step of the model. 2.3 Financial reporting standards that will become effective in the future During the period. At present, the Federation management of Accounting Professions issued the financial reporting Company is evaluating the impact of this standard and accounting guidance for financial instruments, which is effective for fiscal years beginning on or after January 1, 2020. Key principles of these standards are summarized below. The accounting guidance for financial instruments and Presentation for Insurance business Accounting practice was adjusted to have close content with TFRS 9 by dividing into 4 parts as follows: 1. The recognition of transaction and valuation of financial instrument which is developed closely to the accounting standards No.105 (revised 2016) regarding accounting for investment in debt securities and equity securities and financial reporting standards No.9 financial instrument. 2. Impairment of financial asset which has content close to the financial reporting standard No.9 re: financial instruments 3. Accounting to prevent risk with content close to statements in the financial reporting standard No.9 regarding financial instrumentyear when it is adopted. 4. Information disclosure of financial instrument with content similar to the financial reporting standard No.7 disclosure of financial instrument information.

BASIS FOR THE PREPARATION OF FINANCIAL STATEMENTS. 2.1 3.1 Basis for the preparation of interim financial statements These interim The financial statements are have been prepared in accordance with the accounting standards prescribed by Thai Accounts Act enunciated under the Accounting Standard No. 34 (revised 2018) Interim Financial Reporting, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction Profession Act B.E.2547 by complying with the financial statements for the year ended December 31, 2018reporting standards. The interim presentation of the financial statements has been made in compliance with the Notification of the Department of Business Development, the Ministry of Commerce, re : the financial statements presentation for public limited company, issued under the Accounting Act B.E.2543. The financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial Financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the such financial statements in Thai language versionlanguage. All financial information presented has been rounded to the nearest thousand unless otherwise stated. 2.2 Thai 3.2 Financial Reporting Standards reporting standards that become became effective in the current year During the periodyear, the Company has Group have adopted the revised and new financial reporting standards and interpretations (revised 2018) including new accounting treatment guidancestandards, which is are effective for fiscal years beginning on or after January 1, 20192023. These This revision is for the financial reporting standards were aimed at alignment to be clearer and more appropriate and to conform with international financial reporting standards. Such revision does not affect the corresponding International Financial Reporting Standards with most principles of the changes standards and clarifications directed towards disclosures in does not affect the notes to users of the financial statementsreporting standards. The adoption of these financial reporting standards does not have any significant impact on the Companys’ financial statements. However, statements in the new standard involves changes to key principles, as summarized below. TFRS 15 Revenue from Contracts with Customers TFRS 15 supersedes TAS 11 Construction Contracts and TAS 18 Revenue, together with related Interpretations. Entities are to apply this standard to all contracts with customers unless those contracts fall within the scope of other standards. The standard establishes a five-step model to account for revenue arising from contracts with customers, with revenue being recognized at an amount that reflects the consideration to which an entity expects current year. 3.3 Revised financial reporting standards to be entitled in exchange for transferring goods or services to a customer. The standard requires entities to exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each step of the model. 2.3 Financial reporting standards that will become effective applied in the future During the period, the The Federation of Accounting Professions issued has announced to apply the revised financial reporting standards 2023 and it was announced in the Royal Gazette on August 8, 2023 on altogether 4 topics: definition of the accounting estimates, disclosure of information of the accounting policy, deferred income tax related to assets and liabilities arising from one transaction and other adjustments due to the change of the Accounting Standard No. 17 “Insurance Contracts”. This adjustment is an adjustment for the financial reporting standard standards to be clearer and accounting guidance for financial instruments, which more appropriate. This is effective for fiscal years the financial statements for the accounting period beginning on or after January 1, 2020. Key principles of these standards are summarized below2024. The accounting guidance for financial instruments Management of the Group have assessed and Presentation for Insurance business Accounting practice was adjusted to have close content with TFRS 9 by dividing into 4 parts as follows: 1. The recognition of transaction and valuation of financial instrument which is developed closely to the accounting standards No.105 (revised 2016) regarding accounting for investment in debt securities and equity securities and financial reporting standards No.9 financial instrument. 2. Impairment of financial asset which has content close to believed that this revision will not significantly affect the financial reporting statements in the year that such standard No.9 re: financial instruments 3. Accounting to prevent risk with content close to the financial reporting standard No.9 regarding financial instrumentis applied. 4. Information disclosure of financial instrument with content similar to the financial reporting standard No.7 disclosure of financial instrument information.

BASIS FOR THE PREPARATION OF FINANCIAL STATEMENTS. 2.1 3.1 Basis for the preparation of interim financial statements These interim The financial statements are have been prepared in accordance with the accounting standards prescribed by Thai Accounts Act enunciated under the Accounting Standard No. 34 (revised 2018) Interim Financial Reporting, and the requirements of the Securities and Exchange Commission (SEC). The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events, and situations and not intended to re-emphasis on the information previously reported. The interim financial statements should therefore, be read in conjunction Profession Act B.E.2547 by complying with the financial statements for the year ended December 31, 2018reporting standards. The interim presentation of the financial statements has been made in compliance with the Notification of the Department of Business Development, the Ministry of Commerce, re : the financial statements presentation for public limited company, issued under the Accounting Act B.E.2543. The financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the such financial statements in Thai language versionlanguage. All financial information presented has been rounded to the nearest thousand unless otherwise stated. 2.2 Thai 3.2 Financial Reporting Standards reporting standards that become became effective in the current year During the periodyear, the Company has and its subsidiaries have adopted the revised (revised 2018) and new financial reporting standards and interpretations (revised 2018) including new accounting treatment guidanceinterpretations, which is are effective for fiscal years beginning on or after January 1, 2019. These financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes and clarifications directed towards disclosures in the notes to financial statements. The adoption of these financial reporting standards does not have any significant impact on the CompanysCompany and its subsidiaries’ financial statements. 3.3 Financial reporting standards that will become effective in the future During the year, the Federation of Accounting Professions issued a number of the revised and new financial reporting standards, interpretations and the accounting guidance, which are effective for fiscal years beginning on or after January 1, 2020. HoweverThese financial reporting standards were aimed at alignment with the corresponding International Financial Reporting Standards with most of the changes directed towards clarifying accounting treatment and providing accounting guidance for users of the standards. Except, the new standard involves changes to key principles, as summarized below. TFRS 15 Revenue from Contracts with Customers TFRS 15 supersedes TAS 11 Construction Contracts and TAS 18 Revenue, together with A set of TFRSs related Interpretations. Entities are to apply this standard to all contracts with customers unless those contracts fall within the scope of other standards. The standard establishes a five-step model to account for revenue arising from contracts with customers, with revenue being recognized at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer. The standard requires entities to exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each step of the model. 2.3 Financial reporting standards that will become effective in the future During the period, the Federation of Accounting Professions issued the financial reporting standard and accounting guidance for financial instruments, which is effective for fiscal years beginning on or after January 1consists of five accounting standards and interpretations, 2020. Key principles of these standards are summarized below. The accounting guidance for financial instruments and Presentation for Insurance business Accounting practice was adjusted to have close content with as follows: Financial Reporting Standards: TFRS 7 Financial Instruments: Disclosures TFRS 9 by dividing into 4 parts as followsFinancial Instruments Accounting standard: 1. The recognition of transaction and valuation of financial instrument which is developed closely to the accounting standards No.105 (revised 2016) regarding accounting for investment in debt securities and equity securities and financial reporting standards No.9 financial instrument. 2. Impairment of financial asset which has content close to the financial reporting standard No.9 re: financial instruments 3. Accounting to prevent risk with content close to the financial reporting standard No.9 regarding financial instrument. 4. Information disclosure of financial instrument with content similar to the financial reporting standard No.7 disclosure of financial instrument information.