expectation, Not only exporting business but Travelling business also have trend to growing less than expected and moreover Thai foreign exchange rate of the Baht was appreciate that cause Financial
Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two languages, the Thai version
TRANSLATED VERSION As of January 15, 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the
CMSB - Torthor 31-2556 - branch office of intermediary - TRANSLATED VERSION As of January 15, 2015 Readers should be aware that only the original Thai text has legal force and that this English
TRANSLATED VERSION codified up to No.3 as of July 10, 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference
December 2018, mostly from a decrease in investments in joint ventures and an impact of currency translation due to THB appreciation • Net debt to equity ratio as of 31 March 2019 was 0.51 times, an
due to THB appreciation against EUR and GBP • Net debt to equity ratio as of 30 June 2019 was 0.56x, comparing with 0.55x at the end of last year SIGNIFICANT EVENTS 4 major renovation works of Vienna
around USD 200 billion. In June, protests started in Hong Kong levels of violence have been escalating. Moreover, in July, Thai baht became stronger specially against US dollar due to speculation during