, the Company’s financial advisor, the Company’s Board of Directors is of an opinion that the Company shall enter into the Entire Business Transfer Transaction by way of: (1) Allocating the Company’s

2008 to address concerns about the role of CRAs in the wake of the financial crisis, and again in 2015 to take into account the CRA registration and oversight programs implemented by IOSCO members. A-4

months of THB 83 million, corresponding to the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16), while trade and other payables decreased by THB 18 million and income tax payable

Discussion and Analysis For 4Q19 and FY2019 P a g e | 5 Education Business The Company had the revenue from Education Business of Baht 103 million in 4Q19, decreased by 16.9% yoy while reporting the total

Financial Reporting Standards 15, Revenue from Contract with Customers (TFRS 15) which was enforced on the 1st January, 2019. The Group adopted protocols from TFRS 15 by way of realizing cumulative effect

Fund to Solve the Problem in Financial Institution System; (2) Notification of the Securities and Exchange Commission on Rules, Conditions and Procedures on Establishment and Management of Mutual Fund to

Establishment and Management of Property Fund to Solve the Problem in Financial Institution System; (2) Notification of the Securities and Exchange Commission on Rules, Conditions and Procedures on Establishment

Financial Institution System; (2) Notification of the Securities and Exchange Commission on Rules, Conditions and Procedures on Establishment and Management of Mutual Fund to Solve the Problem in Financial

Ref. No. IVL 003/02/2019 26 February 2019 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of

registered to be derivatives intermediaries; (6) a financial institution whose core business is under direct supervision of another regulatory agency and later obtained license to undertake securities business