indicated in the documents published for dissemination of mutual fund rating information, containing essential statement that the information on mutual fund rating should be used only for supplementing the

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2018 1 Significant events 1. On March 30, 2018, Bangkok

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on March 31, 2018 1 Significant events On March 30, 2018, Bangkok Expressway

distribution to online channels in both domestic and international markets through various direct and indirect online partners. Thus far, consumer’s feedback have been on the positive site. The Company gross

2 new investors on the share capital increase in a proportion of 49 percent on Pace Project One Co., Ltd and 48.7 percent on Pace Project Three Co., Ltd. The Company remeasured the remaining

on November 16, 2017 that notified the Company to clarify the appropriateness of the assumptions used in the fair value measurement of investments, therefore, the Company appointed another independent

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on March 31, 2019 1 Significant events 1. The Extraordinary General Meeting

service for operation of Expressway business consisted of costs of toll, amortization on rights to operate completed expressway sectors and compensation for site acquisition cost. For the first quarter of

market players. However, as more capacity returns price pressure will impact on certain segments of the market. An increase in volumes due to the addition of the Hua Pha Way new production site of Golden

buying and transferring assets THB 38.0 MB and depreciation on useful life of asset in which increase for THB 3.2 MB. Liabilities The Company’s total liabilities as of 31 December 2018 and 31 March 2019