condition or prospects of a rated entity, obligor, originator, underwriter, or arranger may mislead market participants. Likewise, conflicts of interest or other undue factors internal and external that might
independent director, in the case of a central securities depository; (2) adopt an effective internal control system and an efficient, independent audit system. In addition, a securities clearing house shall
of January 31, 2017 is due to reducing in retain earnings of which used for clearing the internal debt between CRSB and FKRMM. 2) Transaction’s size based on net operating profits Net operating profits
as of August 31, 2017 NTA of FKRMM as of August 31, 2017 is less than NTA as of January 31, 2017 is due to reducing in retain earnings of which used for clearing the internal debt between CRSB and
equivalent to approximately Baht 3,522.00 million. Prior to the completion of the Company’s investment, SGAH is required to complete an internal group restructuring. After such restructuring, SGAH Group will
amount of up to USD 100.00 million or equivalent to approximately Baht 3,522.00 million. Prior to the completion of the Company’s investment, SGAH is required to complete an internal group restructuring
net tangible assets (2) is computed from FKRMM’s NTA as of August 31, 2017 NTA of FKRMM as of August 31, 2 earnings of which used for clearing the internal debt between CRSB and FKRMM 2) Transaction’s
executing trading orders; (4) an internal audit and control system for accepting trading orders outside the intermediary’s offices, for example, internal audit plan and report. In granting an approval under
orders; (4) an internal audit and control system for accepting trading orders outside the intermediary’s offices, for example, internal audit plan and report. 14 In granting an approval under the first