authorization of directors to bind the Company or any person authorized by such directors to have the power to negotiate and determine the details, terms and conditions and other procedures for the benefits of

value of Baht 1,695 million 2. The meeting resolved to approve the authorization of directors to bind the Company or any person authorized by such directors to have the power to negotiate and determine

advance. In this regard, the securities company shall set out the rules which requires a written authorization for seeking an approval. 12 As amended by the Notification of the Securities and Exchange

media shall seek an approval from the securities company in advance. In this regard, the securities company shall set out the rules which requires a written authorization for seeking an approval. 12 As

analysis in securities through mass media shall seek an approval from the securities company in advance. In this regard, the securities company shall set out the rules which requires a written authorization

authorization to the Board of Directors or persons authorized by the Board of Directors to conduct any actions in relation to the Transaction on the Investment in the Ordinary Shares of KPN Academy, including the

Instrument Baa1 Baa1 Baa1 Subordinated Debt Instrument Baa3 Baa3 Baa3 Financial Strength (BCA) baa2 baa2 baa2 Outlook Stable Stable Stable Standard & Poor’s Long-term Counterparty Credit Rating BBB+ BBB+ BBB

V3 27/02/63 0 V3 27/02/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2019 In 2019, the Thai economy grew by 2.4 percent year-on-year, down from 4.2 percent in 2018. Against the backdrop of a global trade slowdown and US-China trade uncertainty, merchandise exports and imports for the year contracted by 2.7 and 4.7 percent from 2018, respectively. Private investment slowed to 2.8 percent from 4.1 percent in 2018 while manufacturing production...

Subordinated Debt Instrument Baa2 Baa2 Baa2 Baa3 Subordinated Debt (Basel III-compliant Tier 2 securities) Baa3 Baa3 Baa3 - Financial Strength (BCA) baa1 baa1 baa1 baa2 Outlook Stable Positive Positive Stable S

the ongoing strength in EO and EO derivatives is expected to provide plant to positively contribute in the forthcoming quarters although earnings from this segment is expected to be lower than expected