appraisal company in capital market’s location or telephone number. 7 Clause 16 In case any appraisal company in capital market obtaining an approval under this Chapter fails to maintain its characteristics

the program pursuant to Clause 23 or Clause 55, certain facts appear to the SEC Office showing that the Thai government agencies have failed to maintain the qualifications in accordance with the

. Clause 13 If, during the term of the program under Clause 23 and Clause 53, a certain fact appears to the SEC Office showing that the approved foreign entity has failed to maintain the qualifications in

million at the end of 2016, mainly driven by the increase in premium on share capital of Baht 2,557.8 million and increase in retain earning of Baht 975.3 million As at 30 June 2017, the Company’s Debt-to

by the increase in premium on share capital of Baht 2,557.8 million and increase in retain earning of Baht 1,543.2 million As at 30 September 2017, the Company’s Debt-to-Equity ratio was 0.72x

ht more tha ories, loans y. and Shareh period end ht more tha es increase hile, Shareh any retain e o was 2.27 ce potential orward to date of th any enters g good and domestic c etail busine which

driven by the increase in Retain earnings of Baht 1,974.6 million and Share premium on ordinary shares of Baht 2,557.8 million. As at 31 December 2017, the Company’s Debt-to-Equity ratio was 0.70x

THB mm or 0.9% from 31 December 2019, mainly due to • Decrease in retain earning regarding the impact of compliance the Thai financial reporting standards no.9 and no.16 • Interim dividend payment on 14

increased by THB 2,648.8 mm from THB 31,014.1 mm as of 31 December 2018, mainly from WHA-W1 exercise and increase in market price of REITs as well as increase in retain earnings. KEY FINANCIAL RATIOS 31

has failed to maintain the qualifications in accordance with the approval rules, or has failed to meet the conditons after aprroval, or has failed to diclose a complete, correct and sufficient material