negative. Moreover, in Q1/2018, Marketing Business incurred in a higher selling, general and administrative expenses when compared to the same period of the previous year, from accrued expense related to

expansion of their Non-oil businesses, however the cost of selling, general and administrative expense remains high, leaving the Bangchak Retail Co., Ltd.’s EBITDA still in the negative, therefore effectively

in the Non-oil business by 36% YoY, however it still incurs in high selling, general & administrative expenses, thus causing Bangchak Retail Co., Ltd. to still record a negative EBITDA. Q3/2018

changes of interest rate and situations of financial market, in order to reduce possible negative impacts. (5) Risk from animal asset Nature of business of the Company is the recreation and relaxing

investment of KB in the Subsidiary, the Subsidiary will require to conduct and consummate a capital reduction by reducing number of shares, in order to eliminate all impact arising from negative retained

case of negative equity, specify only the cases worth more than 10 percent of the current assets as of the end of the latest financial year, (2) any lawsuit that affects the business undertaking of the

statement. If there is no such change, provide an appropriate negative statement. 16 XIV. ADDITIONAL INFORMATION A. Memorandum and Articles of Association Indicate where the information about the issuer’s

interim financial statements, if any, included in the registration statement. If there is no such change, provide an appropriate negative statement. XIII. ADDITIONAL INFORMATION A. Memorandum and Articles

negative. Q4/2018 performance compared to Q3/2018, the Marketing Business Group recorded a decline in EBITDA of THB 3 million with factors affecting operations as follow: 1. Marketing Business’s total sales

securities will be reduced. However, the Federal Reserve’s two policy rate increases in 2017 – which narrowed the gap between Thai and US policy rates – resulted in negative carry of foreign asset holdings