operation, while incurring an insignificant amount of total liabilities. The Company and its subsidiaries recorded a debt to equity ratio of 0.13 times. Yours sincerely, Mr. Songwut Sakchalathorn Chief

issuance of new shares by the Company of Baht 38 million. The Company has maintained a low debt to equity ratio with steady growth in its shareholders’ equity from fund mobilization via the IPO and could

Baht 28 6 .7 1 million, and issuance of new shares by the Company of Baht 38 million. The Company has maintained a low debt to equity ratio with steady growth in its shareholders’ equity from fund

625.70 million THB or 270.35%. As a result of the above reasons, the interest bearing debt to equity ratio and the debt to equity ratio have increased from 0.35 : 1 to 0.49 : 1 and from 0.50 : 1 to 0.69

of the above, the interesting bearing debt-to-equity ratio of shareholders and the debt-to-equity ratio of shareholders increased from 0.41:1 to 0.44:1 and from 0.64:1 to 0.70:1 as of 31st December

(IPO), including with cash received after deducted directly attributable expenses of IPO, the Group has total equity of 467.41 Million Baht lead Debt to Equity ratio (D/E) as of 31 March 2019 was 1.70

million THB. As a result of the above reasons, the interest bearing debt to equity ratio and the debt to equity ratio have increased from 0.41:1 to 0.51:1 and from 0.64:1 to 0.71:1 as of 31st December 2018

, derivative warrants (DWs), over-the-counter (OTC) derivatives, investments in debt and equity securities for the Company’s own account, bond dealing, private repos and other investments. KGI Securities

, the interest bearing debt to equity ratio and the debt to equity ratio have increased from 0.49 : 1 to 0.50 : 1 and from 0.69 : 1 to 0.77 : 1 as of 31st December 2017 and 30th June 2018 respectively

of projects pending income recognition increased 347.15 million THB or 40.50%. As a result of the above reasons, the interest bearing debt to equity ratio and the debt to equity ratio have increased