in the third quarter of 2017 was 56.6%. This gross margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the

margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the genuine gross margin during 3 months and 6 months ended the

Commercial Bank Public Company Limited (SCB) to form a JV under the name AISCB Co., Ltd. (AISCB) through an investment of Bt300mn. AISCB is expected to commence service early next year with an objective to

September 30, 2017. Net profit increase of Baht 23.68 million or 266.87% from the corresponding period of the previous year as the following details below: 1. Revenue from sales and services increased Baht

the life of the assets. The estimated fair value is THB 180,409 mn as of December 31, 2017 (stated in the disclosure notes to the audited 2017 financial statements no. 13 under “Investment Properties

Authority of Thailand ("MRTA"), both projects are under the Public-Private Partnership (PPP) framework. Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2017 Page 4

under construction joint venture, in a portion of 25 percent, decreased in the amount of Baht 116.13 million due to loss on exchange rate in the amount of Baht 100.89 million. 3.1.4 The profit of

' equity (2,054.86) (1,912.52) (142.34) 7.44 Book value - baht per share (0.66) (0.61) (0.05) 8.20 Note: Value of registered and paid-up shares at 1 baht per share Description Increase (decrease) Unit

(432.06) (14.96) Total shareholders' equity (1,983.26) (1,912.52) (70.74) 3.70 Book value - baht per share (0.64) (0.61) (0.03) 8.20 Note: Value of registered and paid-up shares at 1 baht per share

) [ ] 2. Evidence demonstrating that Hong Kong Covered Fund is legally established under the law of Hong Kong (issued by the Securities and Futures Commission of Hong Kong) [ ] 3. Evidence on the