financial advisory firm to re-evaluate the fair value of such investments with the use of the income-based approach and the discounted cash flow and Black-Scholes option pricing model. Based on the selection

long-term loan from financial institution at 7.72 MB, repayment for Management's Discussion and Analysis and operating results for the Year 2017 Page 6 / 10 debt to account payable for the order at the

Commission No. KorThor. 42/2543 Re: Rules, Conditions and Procedures for Brokerage and Dealing of Securities That Are Not Debt Instruments dated 26 September 2000, and Clause 25/1 of the Notification of the

Procedures for Brokerage and Dealing of Securities That Are Not Debt Instruments dated 26 September 2000, and Clause 25/1 of the Notification of the Securities and Exchange Commission No. KorThor. 42/2543 Re

Re: Rules, Conditions and Procedures for Brokerage and Dealing of Securities That Are Not Debt Instruments dated 26 September 2000, and Clause 25/1 of the Notification of the Securities and Exchange

in various categories consisting of derivatives brokerage and derivatives dealing limited to debt-securities derivatives and derivatives advisory service; (3) “debt securities derivatives” means

in various categories consisting of derivatives brokerage and derivatives dealing limited to debt-securities derivatives and derivatives advisory service; 2 (3) “debt securities derivatives” means

-2” means a license to undertake derivatives business in various categories consisting of derivatives brokerage and derivatives dealing limited to debt-securities derivatives and derivatives advisory

other operating expenses 2,462,203 2,060,064 402,139 19.5 Impairment loss on loans and debt securities 484,520 433,670 50,850 11.7 Profit from operating before income tax expenses 1,494,151 1,844,833

% increase from 2Q2018 mainly from GHECO-One normal operation since 9th Februay 2019 after planned major maintenance. According to the PPA with EGAT, which based on the principle that annual AP will not be