and making profits from infrastructure assets without an intention to be a private trust. The term “infrastructure asset” as stated in the first paragraph shall be according to the characteristics as

million or 33% mainly from:  Fee and service income decreased by Baht 2.04 million from mutual fund and private fund management fee of Innotech Asset Management (formerly Solaris Asset Management).  Gain

service income decreased by Baht 1.85 million from mutual fund and private fund management fee of Solaris Asset Management.  Gain and return on financial instruments decreased by Baht 94.03 million mainly

group of persons who authorized a management company to manage a private fund; “Liquid asset” means assets as follow: (a) Cash or deposit money; (b) Certificate of deposit or promissory notes issued by a

of Baht 57.01 million whereas mark to market price increased of Baht 180.56 million in the same period last year.  Fee and service income decreased of Baht 16.37 million from mutual fund and private

0.4% increase compared to 2016, fee and service income came mainly from mutual fund management fees, registrar and custodian fees and private fund management fees from ONE Asset Management Limited (The

fund and private fund management fee from Solaris Asset Management Company Limited (“Solaris”) decreased.  The Company recognized share of loss from associated companies under equity method of Baht 5.02

accordance with the trust instrument. Division 2 Trust requirements ___________________ 7 Clause 14 A trust shall: (1) pose no reasonable doubt to have been created as a private asset management for the

decreased of Baht 89.39 million or 68% mainly from:-  Fee and service income decreased of Baht 21.58 million from mutual fund and private fund managements fee from Solaris Asset Management Company Limited

Baht 26.44 million from mutual fund and private fund managements fee from Solaris Asset Management Company Limited (Solaris) decreased.  Gain and return on financial instruments decreased of Baht 22.50