) |- Licensing / Registration (Section 16) | - |- Licensing | - |- Activities NOT deem TO be classified AS operating securities business | - |- Registration |- Net Liquid Capital Rule (Section 49) |- Executives

information on Modern's operating results of the Q2/2016 before Modern publicly disclosed the Q2/2016 financial http://market.sec.or.th/public/idisc/en/Enforce English (United States

(Translation) 14th November, 2017 Ref: SET-2017-020 Re: Management's Discussion and Analysis and operating results for the 3rd Quarter 2017 Dear: The President The Stock Exchange of Thailand Filter

revenue still decreased, comparing to last year. Reasons were as follows; ○ Declining in sales volume in export market, comprising of declining in government to government contract (G-G) and declining in

operator registration under Clause 2 (1) and (2) shall possess the qualifications as follows: (1) being capable of operating the derivatives business of the category under the relevant supervisory law ; (2

business operator registration under Clause 2 (1) and (2) shall possess the qualifications as follows: (1) being capable of operating the derivatives business of the category under the relevant supervisory

affected and may be left behind if there is no collaborative effort to address the issues from all sectors. Research by UNDP shows a decline in government budget for biodiversity management over the past

facilitated by government subsidizations. This was further supported by a continuous increase in foreign arrivals despite some structural headwinds and rising geopolitical conflicts. In summary, AIS reported

while other non-interest income declined yoy. Overall operating expenses also declined from effective cost management when comparing to the same period last year. The Bank continued to remain prudent when

with low traveling demand and cooperated with government orders as well as the announcement from Civil Aviation Authority of Thailand (CAAT) regarding to COVID-19 spread out situation. As a result, for