proprietary account may affect its financial condition. Therefore, it is deemed appropriate to issue this Notification to determine rules for the operation of derivatives brokers.

Market Supervisory Board; therefore, it deems appropriate to issue this Notification to replace the Notification of the Securities and Exchange Commission No. KorThor/Nor/Khor. 4/2548 Re: Qualifications

Market Supervisory Board; therefore, it deems appropriate to issue this Notification to replace the Notification of the Securities and Exchange Commission No. KorThor/Nor/Khor. 37/2548 Re: Qualifications

shares of Forth Smart Service Public Company Limited (a subsidiary) from the non-controlling interests of the subsidiary. The appropriate of capital structure The debt to equity ratio as at 31 March 2019

Thailand (SEC), the SET, and other relevant authorities, and perform any other actions necessary and appropriate as required by the laws. The details of such transaction appear in the enclosed Information

relevant authorities, and perform any other actions necessary and appropriate as required by the laws. The details of such transaction appear in the enclosed Information Memorandum on the Asset Disposal

financial costs to be appropriate for business operation in the future. Furthermore, the financial policy of the Company is carefully implemented, the liquidity is sufficient and the confidence in the

from minority shareholders of the subsidiary. The appropriate of capital structure The debt to equity ratio as at 30 June 2019 was 2.30:1, decreased from the debt-to-equity ratio as at 31 December 2018

direction primarily by considering the balance of three dimensions – economy, society and environment – under good corporate governance, appropriate risk management and effective cost management. At the same

unanimously considered and approved the investment of 65.72% in the ordinary shares of Avgol Industries 1953 Ltd. as appropriate and beneficial to the Company as stated in clause 7 above. 10. Opinion of the