regard, in case the intermediary has raised its capital after the date of the latest financial statement, the amount of raised capital could be summed up to shareholders’ equity. 1 The regulations

summed up to shareholders’ equity. 1 The regulations concerning net capital rules hereby refer to: (1) The Notification of Securities and Exchange Commission concerning Maintaining Financial Status of the

of raised capital could be summed up to shareholders’ equity. (2) having a system for handling client’s complaints and dispute resolution efficiently, for instance the compliance according to the

of raised capital could be summed up to shareholders’ equity. (2) having a system for handling client’s complaints and dispute resolution efficiently, for instance the compliance according to the

agency approved by the SEC office; - the financial highlight of the income guarantor summed up from the financial statements or the consolidated financial statements of the income guarantor for the last

the 31st standalone Index Living Mall store in Thailand. This summed up to a total of 31 standalone stores of Index Living Mall and 6 stores of Index Furniture Center at the end of 2019 in Thailand

31st Index Living Mall store in Thailand. This summed up to a total of 31 stores of Index Living Mall and 6 stores of Index Furniture Center. MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3/2019 F IN A N C IA

investments and fair value gains however totalled Baht 113.48 million, an increase of Baht 41.53 million or equivalent to 57.72%, due to the increase of the price of stocks listed on stock exchange of Thailand

transportation costs, food quality improvement, as a result of profit margin in 2017 totalled Baht 933.44 million dropped from 2016 amount of Baht 120.66 million or 11.45% and gross profit margin decreased from

expenses incurred from the subsidiary’s share acquisition ie. loan , advisory and lawyer fees for an aggregated amount of THB 2.3 million. Earnings before interest, taxes and depreciation (“EBITDA”) EBITDA