administrative expenses represented 45% of total revenues. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues represented 43% in the first

) (name of the NRI CIS) Legal entity refers to the legal form of Thai CIS. CIS in Thailand is set up as a legal entity separate from the CIS Operator. In short, after obtaining approval from the SEC

CIS. CIS in Thailand is set up as a legal entity separate from the CIS Operator. In short, after obtaining approval from the SEC Thailand to set up a mutual fund and offer investment units to investors

"* : Arbitrage TCR A(#H $-* + Premium ( Discount G ( % % Underlying *-, &#' Arbitrage $ + O B Premium *( TCR Underlying (- % Transaction Cost) *- , TCR /*#O# , A( Underlying #H /*# 'B

liabilities 0.04 2.00 2.00 Total liabilities 140.58 130.61 230.68 Shareholders' equity Registered capital 30.00 30.00 49.05 Issued and paid-up capital 9.00 9.00 49.05 share premium - - 347.95 Retained earnings

doubtful from pause project and delay payment. But if we excluded this reserve, administrative expense would decrease from some IPO expenditure could deduct premium in paid-up capital. • Selling expense

liabilities 490.19 501.33 (11.14) (2.22%) Shareholders’ equity Issued and paid-up 400.00 400.00 - 0.00% Premium on paid-up capital 305.53 305.53 - 0.00% Share surplus from business combination under common

, and Baht 1 1 4 million recorded as profits from sales are in Premium on capital from disposals of subsidiaries under common control (The reason was not recorded as income during the period. This

, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 Shareholders’ equity Issued and paid-up 400.00 400.00 - 0.00% Premium on paid-up capital 305.53 305.53 - 0.00% Share surplus from business combination under

, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 30 September 2017 31 December 2016 Increased (Decreased) Percentage Shareholders’ equity Issued and paid-up 400.00 400.00 - 0.00% Premium on paid