expansion of the economy, better loan management in the commercial banking system, banks’ cautious lending policies, and the Bank of Thailand’s macroprudential measures to control risky loans. Moreover, banks

(Enclosure 4) 1 (-Translation-) Information Memorandum on the Connected Transaction and Asset Acquisition of Master Ad Public Company Limited pursuant to Schedule 2 of the Notification of the Board

shares is collectively referred to as the “Share Purchase Transaction”. In addition, GPSC and the Seller have executed the Amendment to the SPA dated 27 December 2018 and 8 March 2019, whereby the

8 production assets in the US, Europe and China, with a global innova- tion center in the UK. The transaction is expected to be completed in 4Q17/1Q18, subject to regulatory approvals. DTF specializes

104.6 105.6 109.8 109.8 Total loan loss reserve/ Total mandatory reserve 187.8 187.8 188.1 185.1 185.4 188.6 188.6 3 Operating Performance for the year 2017 Profit and Loss Transaction For the year ended

110.1 110.0 104.6 105.6 109.8 109.8 Total loan loss reserve/ Total mandatory reserve 187.8 187.8 188.1 185.1 185.4 188.6 188.6 3 Operating Performance for the year 2017 Profit and Loss Transaction For the

the Civil Aviation Authority of Thailand. This certificate demonstrates that the Company’s operational management and control systems are in high standards 5and being recognized internationally. 3. The

loan (NPL) ratio was at 3.6 percent with strong loan loss reserves to NPL at 183.4 percent. The Bank continued to focus on prudent control over credit underwriting and risk management to ensure loan

Brazil by acquiring M&G Fibras (Transaction closed: Feb2019) and entered in to the high growth fibers business. IVL entered in to the high-growth North African region by first entering in to the JV with

at the initial date of transaction rather than waiting until the impairment indicator incurred (Incurred Loss). The measurement of expected credit loss is derived from the historical loss on an