ACSS 11,477,000 3,509,781 AIS 9,779,000 2,990,516 ASB (Cambodia) 13,080,000 3,999,995 AMF (Myanmar) 10,534,000 3,221,403 Total 300,825,000 91,995,294 * Exchange Rate (as of July 3, 2017) : 1 JPY

million or 23.23% due to the subsidiary company. The write-off of receivables (student retirement) was from uncontactable students, and the rate of debt forgiveness in the past decreased. The allowance is

2,690USD/ton from 1,796USD/ton in H1 2016, compensating for the lower sales volume that decreased by 15%. However the exchange rate of THB against the USD during H1 2017 appreciated to 34.88THB/USD compared

other export market. ○ Moreover, sales of domestic market also reduced comprising rate volume decline modern- trade, and traditional trade. ○ Restaurant and food service business were effected by economic

of software to apply the same standard of AEON Group. The aforementioned software is a Credit Card system which is developed by ACSM. Value of consideration: Unit: Baht *Exchange rate as of January 3

etc. AFS has more expertise in such technologies and systems in Japan and thus AFS could provide the full support on new technologies to ASB Cambodia in the long run. Note: Exchange rate as of January

Administrative Expenses In 2017 and 2016, total selling and administrative expenses of the Company increased 23%, due to the Company increased in loss on exchange rate because of Baht strength 3.53%, allowance for

หลกัทรัพย์หรือทรัพย์สินในประเทศ 213,660.83 0.02 เงินฝากธนาคาร FITCH-LONG Rate A- 213,660.83 0.02 หลกัทรัพย์หรือทรัพย์สินต่างประเทศ 1,137,826,901.13 100.84 หน่วยลงทุน ไม่จดทะเบียนในตลาดหลกัทรัพย์

/ $9ก) , (Foreign Exchange Rate Risk) D • ก, C.;ก$ : #$ ก : ก ก, C.ก$ )* , (buy-and-hold) 5*:$) , / 1 2 3 4 5 6 7 8 4 : ) ,$ก$ $/ ;-C:/ F:$ 95/ $$ )ก B*, / $$ non-investment grade / unrated +)ก

/ $8ก) , (Foreign Exchange Rate Risk) C • ก, B.:ก$ 9 #$ ก : ก ก, B.ก$ )* , (buy-and-hold) 4*9$) , / 1 2 3 4 5 6 7 8 4 : ) ,$ก$ $/ :-B9/ E9$ 84/ $$ )ก A*, / $$ non-investment grade / unrated +)ก