for all of the remaining shares upon the completion of the sale of SPP1. Currently, the condition precedent under the Share Purchase Agreement has not yet been satisfied. The company is collaborating

, it is also caused by income from projects of operating the various special events. Some of these service had already rendered but invoice would be issued after completion of each project. Most of

, there was a provision for retirement benefits and past service cost in accordance to the Labor Protection Act, which was amended on 5th April 2019, to include a requirement that an employee who is

introduced customized financial services and innovations that provide greater customer convenience, speed and reliability with ever-greater consideration of consumer protection and customer privacy. Being

UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Office of the Securities and Exchange Commission No. Sor Nor. 87/2558 Re: Rules, Conditions, and Procedures for Management of Retail Funds, Mutual Funds for Accredited Investors, Mutual Funds for Institutional Funds, and Private Funds ______________________ By virtue of Clause 6, Clause 8, and Clause 9 of the Notification...

, independent analyses and opinions by CRAs.2 This, in turn, is designed to promote the three core objectives of securities regulations identified by IOSCO: the protection of investors; ensuring that markets are

for investor protection. In this regard, the SEC Office may prescribe conditions with which the Thai government agencies shall comply. Clause 10 In cases where additional facts appear to the SEC Office

million baht for the nine- month period. A significant increase resulted from the new Labor Protection Act reflecting past cost related 19 ASIA’S BOUTIQUE AIRLINE to employee benefits in income statement

significant increase in selling expenses were mainly due to usage of reservation system together with an additional cost related to employee’s retirement program according to the new Labor Protection Act

regulations that allow for provision of tiered participation arrangements and protection of transactions due to differences in derivatives clearing houses; 9 (2) measures and procedures for managing default