perspective to substantiate a solid platform instrumental in driving business expansions outside Thailand in the long run. Due to our equity investments in ICUK, its financial performance and position have been
expansions outside Thailand in the long run. Due to our equity investments in ICUK, its financial performance and position have been reflected in our consolidated financial statements from the 4th quarter of
2017 Page 6 of 15 Management Discussion and Analysis This MD&A report has been prepared based on the consolidated and separate statements of GFPT Public Company Limited (“GFPT” or “the Company”) and its
risk associated with the case where such securities underwriter becomes issuer of instrument whose underlying securities has been underwritten by itself, providing that such securities underwriter has
been underwritten by itself, providing that such securities underwriter has put in place a system for prevention of conflicts of interest under the Notification of the Office of the Securities and
) purchase or sale for its own proprietary portfolio to manage risk associated with the case where such securities underwriter becomes issuer of instrument whose underlying securities has been underwritten by
certificate of deposit has been assigned investment grade credit rating according to Paragraph 2 of Clause 18/2, or the Government, or the Ministry of Finance has guaranteed the principal and interest in full
exceeding one year in accordance with the following rules and conditions: 1.1 deposit taker or issuer of certificate of deposit has been assigned investment grade credit rating according to Paragraph 2 of
ART and AWM, which own and operate the business of separating and disposing of industrial waste in landfills with licenses having been obtained from the Department of Industrial Works, including but