securities, as well as the suitability for investment and the relevant risk exposure. The effectiveness of the Registration Statement neither represents that the Securities and Exchange Commission, the Capital
of the SEC Office (if any) and/or the conditions for the Stock Exchange of Thailand’s acceptance of securities (if any), including the compliance with such obligations or conditions in the following
required to sumbmit such attachments to the Stock Exchange of Thailand (SET) as well. - 3 - SEC Classification : ใชภ้ายใน (Internal) Part 1 Business Operation and Operating Results 1. Organizational
7.8% yoy while by 1.5% yoy for the FY2019. The decrease was due to high competition from the new hotels of other players in Philippines and Maldives and negative impact from exchange rate compared to US
by 1.5% yoy for the FY2019. The decrease was due to high competition from the new hotels of other players in Philippines and Maldives and negative impact from exchange rate compared to US dollar and
ตราสารของผู้ออกตราสารรายใดรายหน่ึงมากกวา่ 10% ของ NAV รวมกนั ความเสี่ยงจากการลงทนุกระจุกตวัในหมวดอตุสาหกรรมใดอตุสาหกรรมหนึ่ง (High Sector Concentration Risk) การลงทนุกระจกุตวัในหมวดอตุสาหกรรม ต ่า สูง ≤ 20
exchange rates. KBank hence prioritized effective risk management in order to cope with economic uncertainties both at home and abroad. We adopted a prudent credit policy, accounting for customer potential
traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic
sector remained challenged by new modes of competition in a broader marketplace amid the advancing digital age and its rapid pace of technological advancement. Businesses have also had to cope with Thai