V3 27/02/63 0 V3 27/02/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2019 In 2019, the Thai economy grew by 2.4 percent year-on-year, down from

-22, AIS announced the acquisition of TTTBB and 19% investment units in JASIF. As of the end of the year, the transaction was under NBTC consideration for approval. Once NBTC approves, AIS expects the

- Translation - Page 1 of 11 CBG 008/2018 21 February 2018 Subject Management discussions and analysis for the year ending 31 December 2017 To President The Stock Exchange of Thailand We, Carabao

Company’s working capital is indirectly subsidized via trade creditor in form of loan and via business partners in form of raw material supported for production (under Collateral Management Agreement – CMA

Extension and Replacement Scheme Following the approval by the National Energy Policy Committee on 24 January 2019, the cabinet approved the PDP 2018 on 30 April 2019 which allows SPP projects with PPA

Certificate of Training Organization Approval from the Civil Aviation Authority of Thailand (CAAT). The newly certified courses are;  Private Pilot Airplane Course  Refresher and Re-qualification Training

กลางไว ดังนี ้ (1) มีประสบการณในการบริหารกองทุน (track record) จํานวน 5 ป และมีขนาดทรพัยสิน ภายใตการจดัการ (Assets under Management-AUM) ไมต่ํากวา 500 ลานเหรียญสหรัฐ (2) มีการดํารงเงินทุน

legally qualified, to take part in the management and administration of the Company. Therefore, it is an investment with the intention to hold the shares of the Company in a long run, rather than to

is expected after the completion of additional LTSA of these 6 projects. The approval of SPP Replacement BGRIM has 5 cogeneration power plants qualified for the SPP replacement scheme which allows SPP

person’s remuneration, as well as to attend a non-management meeting with an auditor at least once a year; (5) To review the Connected Transactions, or the transactions that may lead to conflicts of