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; d. provision that restricts the issuer from creating a lien on its assets or that of its subsidiaries so that other creditors obtain a senior position to the debt securities holder offered under the
required, to list the risk factors in the order of their priority to the issuer. The Risk Factors section is intended to be a summary of more detailed discussion contained elsewhere in the registration
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& Analysis Management Discussion & Analysis (MD&A) Q4/2017 and FY2017 Executive Summary Executive Summary 1 For 2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht