. 2546 (2003) and the notifications of the SEC related to additional determination of type of juristic person classified as institutional investor. (4) “derivatives exchange” means derivatives exchange

, or offering or redemption prices under this Notification or any other notifications, the mutual fund management company shall increase the number of investment units of the relevant fund or cancel the

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through support of investment and private spending as well as bolstering opportunities for other econo...

transaction pursuant to the Notifications which shall be approved by Audit Committee and Board of Director as well as disclose to the Stock Exchange of Thailand. In addition, the Company approved the connected

1 At JSP 012/2561(OOP) March 27, 2018 Subject Notifications of the connected transaction regarding the receipt of financial assistance, Adjustment of Directors To The President, The Stock Exchange of

Disposal of Assets, 2004 (as amended) (together referred to as “Acquisition and Disposal Notifications”). According to the Company’s latest reviewed consolidated financial statement ended December 31, 2017

Assets Notifications") has the highest value of 103.44% based on the net tangible assets value method according to the financial statements in which the equity method is applied of the Company ended 31

more than 0.03% but less than 3% of NTA of the Company. So this transaction is the connected transaction pursuant to the Notifications which shall be approved by Audit Committee and Board of Director as

0.03% but less than 3% of NTA of the Company. So this transaction is the connected transaction pursuant to the Notifications which shall be approved by Audit Committee and Board of Director as well as

1 At JSP 60/07/01 July 5, 2017 Subject Notifications of the connected transaction regarding the receipt of financial assistance To President The Stock Exchange of Thailand J.S.P. Property Public