offices or branches of business operators in accordance with the Regulatory Guillotine to increase flexibility and streamline processes and operating burdens on the business sector. Essentially, the

operating the digital asset dealer business under Section 3 of the Emergency Decree on Digital Asset Businesses without license in violation of Section 26 and subject to the penalties under Section 66 of the

multiple legal provisions. Pursuant to Section 90 of the Criminal Code, the penalty shall be imposed under the provision carrying the heaviest punishment, namely, the offense of operating a digital asset

; (5) create a Delivery versus Payment (DvP) system. Clause 47 A securities clearing house shall establish transparent and fair membership criteria, which shall focus on the suitability, financial

Management Discussion and Analysis For the Annual Operating Results 2017 Ended December 31, 2017 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and the vision

; 2. Execution, amendment, modification and connection on any applications and evidences essential and relevant to the offering, allocation, subscription and delivery of the said newly-issued shares

, allocation, subscription and delivery of the said newly-issued shares, including connecting and submitting such applications, documents and evidences to the Ministry of Commerce, SEC, SET, governmental sectors

relevant sectors; 2. Execution, amendment, modification and connection on any applications and evidences essential and relevant to the offering, allocation, subscription and delivery of the said newly-issued

1 Ref : JSP/18/02/03 28 February 2018 Subject : Report the operating result for the year ended December 31, 2017 To : The Director and Manager The Stock Exchange of Thailand J.S.P. Property Public

optimal level yet. Therefore, cost per unit was higher at this point, which should continue to impact the Company’s performance for the short term. However, the Company’s operating performance is expected