, independent analyses and opinions by CRAs.2 This, in turn, is designed to promote the three core objectives of securities regulations identified by IOSCO: the protection of investors; ensuring that markets are

asset used as a collateral shall be identified together with the limit of the obligations. In cases where the Company or a subsidiary has intangible assets which are significant to business undertaking

meters located Moo.1 Na Toei District, ampher Taymueng, Phanga Province. (finished construction) - No. 4/2015 dated January 19, 2015 issued by Na Toei District Administrative Organization which is a office

lower manufacturing costs than the Company’s manufacturing costs, and certain groups of the Company’s customers reduced their contract manufacturing volumes with the Company in order to procure finished

respect to our corporate plans, strategies and beliefs and other statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “may”, “will

beliefs and other statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “intend”, “estimate

each identified city, rather than placing a fewer number of locations within a higher number of unique cities. This also allows the Company to gain efficiencies effectively in regards to distribution

identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “intend”, “estimate”, “continue” “plan” or other similar words. The statements are based on our management’s

statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “intend”, “estimate”, “continue” “plan” or

format is much more scalable than market stores with anticipated smaller foot print requirement, better margins and faster payback period. Emphasis will be on full market penetration within each identified