: "The SEC expects executives of securities companies to strictly supervise compliance with good corporate governance principles. A reliable KYC/CDD system can reduce the possibility of inappropriate

is a subsidiary of the Company will help the Company to have cash flow for debt repayment, resulting in the ability of the Company to repay the debt within time specified which will help reduce

2018 expanded continuously on the back of robust exports and tourism, which is supported by stronger global economic conditions. Exports and tourist arrivals rose by 9.9 percent and 15.4 percent, from

system (ESS) and smart grid technology in Eastern Aviation Specialised Zone and Eastern Economic Corridor (EEC) area, as well as with Korea Midland Power Co., Ltd (KOMIPO) for the collaboration in

in the past from the audited financial statements of Hello LED, the management interview on the future management plan and macro-economic data, e.g. inflation rate of Thailand, and discounted cash flow

statements of Hello LED, the management interview on the future management plan and macro-economic data, e.g. inflation rate of Thailand, and discounted cash flow by using weighted average cost of capital

income and expense calculated based on the results of operations in the past from the audited financial statements of Hello LED, the management interview on the future management plan and macro-economic

Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018

member country of the Organization for Economic Co-operation and Development (“OECD”); (c) being a regulator in the countries in the ASEAN Economic Community (“AEC”). (3) being an outbound product which is

member country of the Organization for Economic Co-operation and Development (“OECD”); (c) being a regulator in the countries in the ASEAN Economic Community (“AEC”). 6 (3) being an outbound product which