/asset-backed tokens. 6 Covered Funds under HK-TH MRF may invest in virtual assets indirectly through investment in underlying funds at the total amount not exceeding 20 percent of the net asset value of

while the aforementioned projects are already funded. Such future projects shall not breach the governance and pricing criteria of company in selection of projects 3.) To invest in the Central Wastewater

UE, which ws funded by a capital increase via issuance of preferred shares last quarter. The majority of assets acquired by EBT of UE was the BTS- Sansiri JV (Sansiri JV)  Net debt to equity ratio as

the EBT of UE, which was funded by a capital increase via issuance of preferred shares in the first quarter  Net debt to equity ratio as of 30 September 2018 stood at 0.53x, an improvement from 0.93x

% or THB 13,902mn from 31 December 2017, mostly from the EBT of UE, which was funded by a capital increase via issuance of preferred shares in the first quarter  Net debt to equity ratio as of 31

approximately not exceeding THB 4,999 million1 of the said purchase price by the Company and its subsidiary’ s internal cash flow. o The remaining investment value is expected to be funded by borrowings from

sector to continue rising. Other economic growth contributors are also anticipated to perform better especially private investment which will be backed by vigorous export expansion and investment by public

currencies, utility tokens, security/asset-backed tokens เป็นตน้ 6 กองทุนรวมภายใต้โครงการ HK-TH MRF สามารถลงทุนทางอ้อมใน virtual assets ผ่านการลงทุนในกองทุนอ่ืนได้ รวมกันไม่เกินร้อยละ 20 ของมูลค่าทรัพยสิ์น

Bt33,903mn, growing 1.8% YoY and 1.1% QoQ from a recovery in mobile and broadband businesses executed with the focus on profitability through quality and value offerings backed by superior network quality

exceeding THB 4,999 million1 of the said purchase price by the Company and its subsidiary’ s internal cash flow. o The remaining investment value is expected to be funded by borrowings from financial