E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

material aspects and that no important information, which should be disclosed, is omitted. 13. Opinion of an independent expert The Company appointed American Appraisal ( Thailand) co. , ltd. , a certified

additional evidentiary documentation; (2) Arranging for an independent expert to give an opinion relating to the correctness, completeness or reliability of the information in the registration statement and

hold the real estate in compliance with the law of such foreign jurisdiction, and the opinion of a legal advisor who is an expert in the law of such foreign jurisdiction shall accompany the due diligence

any facts that are material. 3. Opinions of the independent expert on the entering into the transaction The Company has appointed Capital Advantage Company Limited as the independent financial advisor

(UNOFFICIAL TRANSLATION) Codified up to No. 5 As of 19 February 2018 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 Capital Market Supervisory Board No. Tor Jor. 12/2558 Re: Offering of Units of Infrastructure Trusts ___________________ By virtue of Section 16/6 of the Securities and Exchange Act B.E. 2535 (1992), as amended by the Securities and Exchange Act (No.4) B.E. 2551 (2008), and Se...

is the shares or debt instruments; (b) an expert in the appraisal of that specific infrastructure asset in all other cases; (2) the appraisal shall not be conducted by the same appraiser more than 2

additional information; (2) arrange for an independent expert to provide an opinion relating to the accuracy, completeness or reliability of the information contained in the registration statement and the

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