wherein individual shareholders shall not include as taxable income and not be entitled to a dividend tax credit in the computation of tax. Management Discussion & Analysis (MD&A) Q3/2017 Management

shareholders shall be entitled to a tax credit for the received dividend in accordance to section 47 bis of the revenue code of Thailand. The record date to entitle rightful shareholders to receive the dividend

which may affect international trade and exchange rate fluctuation. According to the Bank of Thailand data, at the end of December 2017, reported the total numbers of credit card industry amounted to 20.3

of Thailand data, at the end of December 2016, reported the total numbers of credit card industry amounted to 23.2 million cards, has grown by 6% more than last year. Credit Card Receivables was

เช่น พันธบัตร หุ้นกู้ ตั๋วสัญญาใช้เงิน บัตรเงินฝาก Letter of Credit และ Letter of Guarantee เป็นต้น 3. เงินให้กู้ยืมคงค้าง (margin loan) จำนวนเงินที่ลูกค้ากู้ยืมจากบริษัทหลักทรัพย์เพื่อซื้อหลักทรัพย์ 4

(FVPL)  Impairment of financial assets based on an expected credit loss (ECL) framework with financial assets classification into 3 stages. Stage 1: financial assets where the credit risk has not

indicating the essences in line with [the form of] the registration statement; (4) report on the appraised value of the real estate to be invested by the REIT which is prepared in accordance with the rules

welfare, Tax deduction for domestic tour package and shopping. As of November 30, 2017, the Company’s total cards reached 8.06 million cards (including 2.48 million credit cards and 5.58 million member

available within the end of second quarter of 2018. The investment will benefit the Company and its shareholders. Even though it is higher than the value of assets appraised by the Financial Advisor, it is

average price appraised by 2 independent appraisers or total amount of Baht 924,900,000.-. Such price does not change from the price offered to SPI. Whereas SCT agrees to make payment into 3 installments to