transparency of securities markets, and reduce systemic risk. The Principles apply to all types of CRAs operating in various jurisdictions. However, to take into account the different market, legal, and

who has rectified the cause, work system, management structure and operating control, which has caused the applicant to have the characteristics under Clause 19(1) or (2). Clause 21 In addition to the

persons. Clause 16 The provisions under Clause 15(1) and (2), as the case may be, shall not apply to the foreign entity applying for approval who has rectified the cause, work system, management structure

-1- AIT (VP-SEC) 018E/2018 August 9, 2018 Subject: Management's Discussion and Analysis of Operating Results for Q2-2018 To: The President of The Stock Exchange of Thailand Summary of Operations Q2

(Translation) NEP-AC 002/2561 9 August 2018 Subject : Management Discussion and Analysis for 2nd Quarter ended 30 June 2018 To : The President The Stock Exchange of Thailand Operating Result NEP

-1- AIT (VP-SEC) 017E/2022 May 12, 2022 Subject: Management's Discussion and Analysis of Operating Results for Q1-2022 To: The President of the Stock Exchange of Thailand Summary of Operations Q1

Discussion & Analysis Q2/2022 Operating Highlights in Q4/2021 Q2/21 Q2/22 Change +/(-) 1H/21 1H/22 Change +/(-) (THB million) %YoY %YoY Operating Revenue 137 230 68% 317 428 35% Gross Profit 77 147 91% 183 267

was 1.1x while interest coverage ratio stood at 13x. Cash flow In 1H19, operating cash flow was Bt38,000mn increasing 10% YoY from EBITDA expansion and a settlement in international roaming charges. The

institutions to improve SAFARI Group’s financial structure. Such credit facilities covers refinancing of all SAFARI Group’s debt securities and additional investment in Carnival Magic Project. 4) SAFARI Group’s

million (THB 8.4 billion), -7% YoY, Core EBITDA margin 10%  Core Net profit after tax of $128 million (THB 4.0 billion), -27% YoY  Core Earnings Per Share of THB 0.67, -32% YoY  Operating Cash Flow of