in cases of approval and decline of approval for the above matters with respective supporting reasons, and clearly provide information to the bondholders together with the opinions of the bondholder

product regardless of its complexity to high-net-worth individual, in which investors decline to complete the suitability test, providing that intermediaries must be certain that such investor has

examination on suspicious facts. Overall, the number of complaints against unlicensed securities or derivatives businesses is on a gradual decline, and 75 percent of the cases is beyond the SEC?s authority, for

shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons and the opinions of the bondholders

decline of approval for the above matters with respective supporting reasons and the opinions of the bondholders’ representative. The bondholders are, therefore, encouraged to thoroughly review the

the decline. Exports, in particular, shrank in line with signs of global economic weakness and anxiety surrounding the trade spat between the US and its major trade partners. Moreover, private

2018 despite a 4.4% y-on-y decline in natural gas price in Q4’2019. Note that the natural gas price is tied to the weighted average price from PTT’s pool gas. Cost of Electricity- Vietnam • Cost of

in Laos decreased 25.0% y-on-y (Baht 8 million in Q1’2018 to Baht 6 million in Q1’2019) due to the decline of water inflow and 75.0% q-on-q (Baht 24 million in Q4’2018 to Baht 6 million in Q1’2019

decline of water inflow. Other Sales and Service income • Other sales and service income in Q2’2019 increased 24.3% y-on-y to Baht 184 million and in 6M’2019 decreased 26.6% y-on-y to Baht 292 million

decline is also partly due to the high base of last year. Public spending excluding transfers also declined from acceleration in disbursement during last year. Nevertheless, private consumption remains the