this asset disposition. In this regard, the company appoints Jay Capital Advisory Limited to be Independent Financial Advisor (IFA) in order to give opinion on the company entering into the disposition

372.36 20.73 35.11 Loss from impairment of investment in associate 107.78 783.85 65.33 110.64 Management benefit expenses 18.68 135.86 24.06 40.75 Financial cost 0.69 5.02 0.41 0.69 Share of losses in

MD&A Y2019 (E) - Final RATCH Group Public Company Limited Management Discussion and Analysis For the Year Ended December 31, 2019 Management Discussion and Analysis For the Year Ended December 31

office space lease agreement with PA Management and Consultant Company Limited (“PAM”), The term of the contract is 6 months from November 24, 2017 to May 23, 2018. Compensation to be paid up until the

units responsible for the internal audit. - Review the risk assessment and risk management systems to oversee that they are appropriate, adequate and efficient. - Review business operating procedures to

Act B.E. 2546 (2003) and Clause 2 of the Notification of the Capital Market Supervisory Board No. TorThor/Nor/Khor. 87/2552 Re: Qualifications and Prohibited Characteristics of Directors and Executives

expenses in Q1, 2018 came from the payment to financial consulting, expenses from the extraordinary general shareholder’s meeting and extra cost from specific capital increase in January 2018. 5. Management

- ร่าง - 1 May 28, 2019 Subject Management Discussion and Analysis for the year ended 31st March 2019 To President of the Stock Exchange of Thailand Secretary of the Office of Securities and Exchange

- ร่าง - 1 August 14, 2018 Subject Management Discussion and Analysis for the period of three months ended 30th June 2018 To President of the Stock Exchange of Thailand Secretary of the Office of

regarded as an acquisition of assets pursuant to the Notification of the Capital Market Supervisory Board No. TorJor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or