agreements with the SET, as well as the required SET circulars, where such violation may have a material adverse effect on the rights, benefits, or decision-making of any shareholders, investors, or change in

Securities and Exchange Commission’s regulations; ii) not be a person who violates any rules, regulations, notifications, orders, board resolutions, listing agreements with the SET, as well as the required SET

resolutions, listing agreements with the SET, as well as the required SET circulars, where such violation may have a material adverse effect on the rights, benefits, or decision shareholders, investors, or

length price of the agreements of a similar nature. In addition, the service fees will help increase liquidity and enhance operating result of the Company as the Company's group can leverage existing

165.4 10.2% Net gain (loss) on exchange rate 112.2 (58.6) 37.6 (72.4) (110.0) N.A.(100) Gain (loss) on forward contracts 49.5 (50.8) 8.4 (19.2) (27.6) N.A.(

Company will execute a Share Subscription Agreement with conditions precedent and Loan Agreement with conditions precedent in respect of the Transaction (collectively, the “Agreements”) with SGAH. The

“Agreements”) with SGAH. The Company expects to complete the investment in SGAH within the second quarter of 2017 after all conditions precedent specified in the relevant Agreements are fulfilled or waived and

violates any rules, regulations, notifications, orders, board resolutions, listing agreements with the SET, as well as the required SET circulars, where such violation may have a material adverse effect on

licenses, industrial, commercial or financial contracts (including contracts with customers or suppliers) or new manufacturing processes, where such factors are material to the issuer's business or

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For