has studied and conducted a regulatory mapping between Thailand and Luxembourg to support Thai companies that are ready for listing overseas. The study shows that Thai debt securities issuers can

. The SEC has therefore proposed regulatory requirements to support the issuance and offering of debt instruments whose proceeds are intended to promote the country’s transition, in alignment with

+ 225,000,000)] = 3.35 Baht/share B. Exercise ratio shall be adjusted as follow: Ratio 1 = Ratio 0 x [MP x (A+B)] [(A x MP) + BX] = 1 x [2.74 x (4,554,643,575+225,000,000)] [(4,554,643,575 x 2.74)+(486,000,000

Transfer Transaction, it would be cause a material adverse effect to the Company’s financial status especially the debt to equity ratio and the Company’s liquidity. 3) Relationship Between SUTGH and the

limited companies to purchase or hold its own shares or gain benefits from a debt-to-equity conversion, and consistency with the Announcement of the National Council for Peace and Order No. 74/2557 (2014

allow public limited companies to purchase or hold its own shares or gain benefits from a debt-to-equity conversion, and consistency with the Announcement of the National Council for Peace and Order No

December 2018, mostly from a decrease in investments in joint ventures and an impact of currency translation due to THB appreciation • Net debt to equity ratio as of 31 March 2019 was 0.51 times, an

translation is strictly for reference. Notification of the Office of the Securities and Exchange Commission No. Sor Jor. 63/2559 Re: Reporting of Information Disclosure of Debt Securities Issuers After Offer

afterward. The capital increase from Initial Public Offering would result in the marked decrease in Debt- to-Equity ratio and financial costs going forward. On November 14, 2019, the Company entered into the

this quarter. Net Debt to Equity Ratio 1 As of 30 June 2019, the interest-bearing debt of the Company stood at THB 5,561.9mn while cash and cash equivalents stood at THB 169.5mn. As a result, the D/E