Global and Thai Economy in the Third Quarter of 2019 1 1.2 Banking Industry and Competition 2 1.3 Significant Regulations and Rules related to Business Operations 2 2. Risk Management and Risk Factors 5

beginning of April 2020, all 9 local and overseas owned hotels as well most of hotel management temporarily suspend its operations in response to COVID-19 following with country-specific governmental

Competition 1 1.3 Regulatory Changes 2 2. Risk Management and Risk Factors 5 2.1 Credit Risk Management 5 2.2 Market Risk Management 5 2.3 Liquidity Risk Management 6 3. Business Directions and Operations of

., Ltd. of THB -229 million, and has elimination of THB 62 million with factors affecting operations as follow: Management Discussion and Analysis of Business Operation for the year 2017 Bangchak

earned THB 1,002 million in revenue, an increase of THB 166 million, with factors that affected operations as follow: Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak

investment management operations and related functions to be complied with all applicable legal and regulatory requirements, a clear annual audit plan and procedures for control and audit in which compliance

of the Securities and Exchange Commission No. OrKhor./Nor. 5/2549 Re: Guidelines Relating to Operating Systems of Fund Management Business In order for a management company to comply effectively with

Capital Partners III GP, L.P. (“SSG GP”). SSG GPGP has its own investment committee and independent directors who have management control over SSG III’s operations. 2 SSG III is a Cayman Limited Partnership

that the issuer of securities implements the good corporate governance and sound management and operations which ensure accountability to its shareholders; (5) to enquire about the assumptions and the

Company’s management, documents provided by the Company, publicly available information as well as the IFA’s assessment of current economic conditions. Any significant changes to this information in the