the revenue. Yes, for the same period in the previous year Due to the decline in shipping volume of automotive parts and Solar Panel customers, and the customers who use ocean freight services, the

enhance risk management effectiveness. Board of Directors Risk Management and Control Units Enterprise Risk Management Division Customer and Enterprise Service Fulfillment Division KASIKORN BUSINESS

31.54 million from 2017. The selling expenses such as shipping fees also dropped in the same line with the decreased in sales in the period. However, during the year, the Company has financial advisory

as the Company has more effective policy to collect debts. Furthermore, the selling expenses such as shipping fees dropped in the same line with the decreased in sales in the period. The loss on

IP: INTER PHARMA PUBLIC COMPANY LIMITED L&E: LIGHTING & EQUIPMENT PUBLIC COMPANY LIMITED PAP: PACIFIC PIPE PUBLIC COMPANY LIMITED PRINC: PRINCIPAL CAPITAL PUBLIC COMPANY LIMITED PSL: PRECIOUS SHIPPING

additional requirement for compliance by the applicant. Chapter 4 Conditions for approval _______________________ Division 1 General provisions _______________________ Clause 22 An approved person under

____________________ Division 1 Application for and Granting of Approval of Financial Advisor ____________________ Clause 46 Any person wishing to become a financial advisor may apply for an approval with the SEC Office

actions taken were as follows: Board of Directors Risk Management and Control Units Enterprise Risk Management Division  Approve risk appetite and all risk management policies and guidelines  Oversee

of the registration statement and draft prospectus as prescribed in Part 3 have been met. Chapter 2 Approval Criteria __________________ Division 1 Offering for Sale of Units of ASEAN Collective

sincerely, Signed (Mr. Prakobkiat Ninnad) President Investor Relations Division, Finance and Accounting Department, Tel 0-2834-8914, Fax 02-834-8931