2.52 3.05 1.85 5.2.3 Risk Factors Business of tourism service operated by the Company significantly depends on the global economic situations and tourism. There are various risks that possibly occur

of the trust instrument that will significantly effect contractual rights of the unit holders; (7) the resolution of the unit holders that allows the trust or the management of which to be in conflict

collateral and shall be made no longer than one year from the issuing date of those bonds. Except where the price or value of the collateral has changed significantly during such period, the issuer shall make

price or value of the collateral has changed significantly during such period, the issuer shall make a re-valuation of the collateral. Clause 36 In the case of secured bonds where the collateral is an

has changed significantly during such period, the issuer shall make a re-valuation of the collateral. Clause 36 In case of secured bonds where the collateral is an immoveable property or a movable

respect to securities, a lack of continuity of which would significantly affect the relevant securities clearing house or central securities depository, or any person related to the securities clearing

executive officer, shall be subjected to an outline as approved by the Company’s Extraordinary Shareholders’ Meeting No.1/2018, especially a matter concerning conversion period, interest rate, conversion

chief executive officer, shall be subjected to an outline as approved by the Company’s Extraordinary Shareholders’ Meeting No.1/2018, especially a matter concerning conversion period, interest rate

. Sustainable Banking – Past economic development caused many negative impacts, especially degradation of environmental and natural resources and economic and social inequality, which tends to worsen with time

funds the Company has contacted in the past, as well as the terms in other financial agreements of the Company in the past, especially in relation to the financial assistance from the Mahachai Group, and