borrowing from financial institutions of the Target Group Hotels and Resorts 10. Opinion of the Board of Directors The Board of Directors’ Meeting No. 3/ 2018 considered the information presented by the

office of the securities underwriter for the period of at least one year from the offering closing date in such a manner that can be promptly presented to the SEC Office upon request. The fair allocation

the offering closing date in such a manner that can be promptly presented to the SEC Office upon request. The fair allocation under the first paragraph shall exclude allocation of shares in a portion

that can be promptly presented to the SEC Office upon request. The fair allocation under the first paragraph shall exclude allocation of shares in a portion which is separated for institutional investors

effect of related transactions is presented in Note 2 of financial statements 3. On 5 March 2020, AIS entered into a joint venture with Singtel Telecommunication and SK Telecom Co, Ltd . The new joint

main office of the securities underwriter for the period of at least one year from the offering closing date in such a manner that can be promptly presented to the Office upon request. The fair

one year from the offering closing date in such a manner that can be promptly presented to the Office upon request. The fair allocation under the first paragraph shall not include allocation of shares

CentralPlaza Rama 2 has been finalized, as announced by the Company. The extension is made for an additional 30 years, expiring in 2055 and 2060 (some parts), hence presented the opportunity to further develop

the reasonableness of the transactions and the fairness of the price and conditions of the transactions to be presented to the shareholders of the Company for consideration. Moreover, the acquisition of

closing exchange rates where applicable. The Company has presented the analysis in the MD&A in US$ as it believes that the business can be explained better in US$ terms. However THB numbers are also given