requirements: (a) having been licensed to undertake securities business in the category of mutual fund management and having commenced such business operation; 10 Amended by the Notification of the Capital

long as the billboards continue to be used. Currently, this case is being considered by the Civil Court. The Company’s management believes that such events will not have any significant impact on the

Management Discussion and Analysis for the 2nd Quarter 2020 Page 5 of 14 Share of Profit from Associated Companies The consolidated share of profit from associated companies based on the equity method in

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2019 In the first quarter of 2019, the Thai economy continued to

GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2017 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the

Operating Results 1. Organizational structure and operation of the group of companies 3 2. Risk management 12 3. Business sustainability development 13 4. Management discussion and analysis (MD&A) 17 5

Classification : ใชภ้ายใน (Internal) Table of Contents Page Part 1: Business Operation and Operating Results 1. Organizational structure and operation of the group of companies 3 2. Risk management 12 3. Business

completed) 1. Directors, Management and Controlling parties are i) possess qualifications and not possess any prohibited characteristics or any characteristics indicating a lack of appropriateness to be

financial statement dated December 31, 2019 is being referenced. To measure the transaction value the method used is book value of net tangible asset (NTA) and the value is 70.17% of the total asset. Over the