structure rental to be always in line with the revenue. 3.4.6 Risk of being un able to renew the governmental concession and the private space lease contract The main factor for the Company's business

sale volume of outbound has not reached the target i.e. more than Baht 300,001 per month and the percent of variable cost from commission fee from estimation has been being increased every year due to

and nature of the businesses operated by the Company or the group of companies which comprises the Company, its subsidiaries and associates being operated or to be operated, as the case may be. The

an agreement that NPSI is not able to complete the set criteria in the agreement, due to not being able to acquire the construction license which is a critical part that will take effect in many

to them being considered as connected persons of the Company. As of the date of this information memorandum, limited partners mainly comprise investors who are pension funds, sovereign wealth funds

no involvement with the operations of SSG III and do not have any relationship with the Company which would led to them being considered as connected persons of the Company. As of the date of this

enters into an agreement to borrow securities from a securities company for making a short sale, but excluding a securities borrower being an institutional client; 1 Repealed and amended by the

agreement, due to not being able to acquire the construction license which is a critical part that will take effect in many aspects of the project which resulted in an unsatisfied view by the company to

agreement, due to not being able to acquire the construction license which is a critical part that will take effect in many aspects of the project which resulted in an unsatisfied view by the Company to

annum, as well as service fees of approximately THB 4,000,000 per month for as long as the billboards continue to be used. Currently, this case is being considered by the Civil Court. The Company’s