Microsoft Word - ACE MDA YE21 - EN_Final 1 No. ACE-ACC-1/2022 28 February 2022 Subject Management Discussion and Analysis for the year ended 31 December 2021 To President The Stock Exchange of
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their shareholding or common management with the issuer who issues underlying shares, particularly the persons with any of the following characteristics: (1) holding, directly or indirectly, more than 25
จบัุน (ขอมูลขั้นต่ําท่ีกําหนดในมาตรา 69 และ70) I. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS A. Directors and Senior Management ม.69 (8) ผูบริหารและผูถือหุนรายใหญของบริษัทท่ีออก หลักทรัพย
implementation of appropriate risk management and resource allocation by their board of directors and executives that is practical and meets the standards established by an international organization concerning
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to accommodate these criteria, which are expected to be completed within the timeline required by the Bank of Thailand. 5 2. Risk Management and Risk Factors 2.1 Credit Risk Management The Thai economy
Resorts, which will become subsidiaries of the Company after the purchase of the equity of the Target Company, enter into Hotel Management Agreements with companies in the Seller Group concerning the