Transaction”) Nevertheless, the aforementioned Entire Business Transfer and Securities Allocation Transaction will occur upon the satisfaction of the conditions precedent as specified in the Entire Business

) Caring for society and environment 2) Conducting business with ethics 3) Building business security 4) Caring for employees and creating customer satisfaction. These guidelines are integrated into the

31 December 2017. The Company needs to use such financial statements in support of the evaluation of the fair value of S-TREK shares and has determined the result of the special audit in satisfaction

in satisfaction to the Company as one of the important conditions for making the investment in S-TREK. However, after the Accounting Advisor conducted the special audit as required by the Company’s

Thai Oil is unable to provide a recovery plan to the satisfaction of the Company or Subsidiary; • Thai Oil shall be entitled to terminate the Asset Sale and Purchase Agreement if the Company or

languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However, the

. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However, the information provided in this MD&A may vary if

. Billboards The Company is considered as one of the first pioneer in initiating billboard business in Thailand. In the present, the Company offers various billboard formats, comprising of Large-format

financing. At present, the mentioned investments are under negotiation with relevant parties and have no clear conclusion that can be disclosed at this moment. Initially, the Company expected that the first

present, the mentioned investments are under negotiation with relevant parties and have no clear conclusion that can be disclosed at this moment. Initially, the Company expected that the first investments