shall not be executives, staff members, or employees of the securities clearing house or its affiliate; (2) set up a unit for managing risks according to policies concerning risks, provided that payment

would be contained within the second quarter of 2020 while only taking into account the results of relief measures that the government has already implemented). The International Monetary Fund (IMF

-month period of the prescribed time, VAVA can sell 25% of such shares. Therefore, the Board of Directors and/or the Executive Committee and/or Managing Director and/or the person(s) who is authorized by

-month period of the prescribed time, VAVA can sell 25% of such shares. Therefore, the Board of Directors and/or the Executive Committee and/or Managing Director and/or the person(s) who is authorized by

Management Discussion and Analysis For the Annual Operating Results 2017 Ended December 31, 2017 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and the vision

Acquisition Transaction; and (2) no change has occurred, which causes a material adverse effect on the business or condition (financial or otherwise), results of operations, operations or assets. 4. Details on

Chokwatana 100,000 0.08 • Managing Director of Chokwatana Company Limited • Director of SPI Source: the Company Note * Amount and Percentage of shares directly held by SPI 1.1.1 Relevant parties and key

to achieve COD as scheduled in PPA, and construction cost is in line with the budget approved by lenders. This achievement would enable us to keep record of managing the project to commence COD in time

Management’s Discussion and Analysis For the Financial Results of Quarter 2 Year 2017 Ended June 30, 2017 1 ABBREVIATION ADB = Asian Development Bank COD = Commercial Operation Date EBITDA = Earnings

of financial and operational risks. In managing risks accociated with the operation of information technology, the derivatives broker shall put in place a system of control of the operation and