shall increase the capital by 20.73 percent and seek for loan by 79.27 percent for these additional investments. 4. Details of the Acquired Assets 4.1 Eco Energy Group Corporation Co., Ltd. (“Eco

Asset Management Public Company Limited Page 2 Specific Ratio for the Business Cash collection from NPL management business to net NPLs1 percentage 13.32 12.83 14.55 20.557 Return on NPL management

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural

or such business investment. 2. To acquire assets or invest in a business unrelated to the current one. 3. To repay a loan or debt from issuance of debt securities. - In case of repaying debts to

, clarify the reason(s) and the background of such asset acquisition or such business investment. 2. To acquire assets or invest in a business unrelated to the current one. 3. To repay a loan or debt from

Discussion and Analysis for the performance of the nine months ended of the year 2019 Business Overview In the nine months ended of the year 2019, S Hotels and Resorts Public Company Limited (“the Company

Features and Key Risks of Structured Notes General Risks Information of the Issuer Nature of Business Use of Proceeds Secured Creditor Common Creditor / Senior Creditor Subordinated Creditor Preference

increase was affected an increase in number of employees that were recruited to support to business expansion. The management expenses also increased by Baht 16.72 million from the Company’s subsidiaries

= Translation = Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended September 30 , 2017 (Unit : Million Baht) 2017 2016 Inc./(Dec

%, mainly from the fact that the Company has repaid the loan since late year of 2016. In addition, TRIS rating announced the company rating of WHA at “A-” with “Stable” outlook in the fourth quarter in 2017