the availability of retained earnings on the separate financial statements. In all cases, dividend payment shall depend on cash flow and investment plan including any other future obligations of the

availability of retained earnings on the separate financial statements. In all cases, dividend payment shall depend on cash flow and investment plan including any other future obligations of the Company and/or

its efficiency in operating and administrative expenses well through the Digitalization process in the future. The separate financial statements has cost-to-income ratio at 38.3%, as there are

ordinary shares to seller (CRSB) and paying partial cash. The payment will be made after the resolution of the Extraordinary General Meeting no.1/2018 which will be held on January 18, 2018.NDR expects to

profit after tax stated in the separate financial statements and after deduction for legal reserves. In this regard, the Company will consider financial performance, financial position, liquidity

dividend policy of at least 60% of its net profit after tax stated in the separate financial statements and after deduction for legal reserves. In this regard, the Company will consider financial performance

impairment loss in investments in subsidiaries in separate financial statement at THB 272 million. The transaction is expected to be completed by the end of Q3/2018. Management Discussion and Analysis of

section is intended to be a summary of more detailed discussion contained elsewhere in the registration statement. 2. Provide the disclosure in a separate section titled “Risk Factors” and separate

statement. 2. Provide the disclosure in a separate section titled “Risk Factors” and separate different types of risk factors into different subsections. 3. In case of offering for sales of unusually risky

policy: a minim ted  to  driving  h and flexibility  By preserving c ircumstances.   ayment shall st e separate fina bligations of  th tions.  this material are forward‐l not historical facts. These our