jurisdiction is a fiery debate with few empirical laboratories. – 200 years old debate in the US (federalism) • Recent regulatory changes in Dodd-Frank may have created jurisdictional overlaps and confusion

BACKGROUND 2 • Family capitalism • Economic development • Generational change • Internationalization • Minority oppression OBJECTIVES 3 Academics Regulators Icons Created by Dooder - Freepik.com Investors

traditionally strong, and where sales were unusually strong in the prior period in connection with the World Cup soccer tournament, and due to seasonally heavy rains and floods in the northeast depressing demand

heavy rains and floods in the northeast depressing demand for DIY home improvement categories where Thai Watsadu is traditionally strong. Central Retail Corporation Public Company Limited Page 6 III

Purchase Agreement. Ref. WINNER 0009/20108 Page 10 of 10 11. Opinion of the Board of Directors The Board of Directors deems that the entry into the Transaction is created benefit of the Company and its

with truth in all respect. It is created with prudence and caution concerning to the benefits of shareholder at most. This Information Memorandum is created on the purpose of information distribution

policy and market opportunity meet, was launched today. It was created by the Securities Exchange Commission of Thailand [SEC] and UNDP Thailand using UNDP SDG Impact’s robust methodology, with the support

the role of women in business. We collaborated with CG evaluation organizations, and created our own SET ESG Ratings, which provided recommendations and indicators for listed companies to emphasize

6 months of this year. This caused most developers to delay launching new housing projects as well as speed up the sale of housing inventory. Unavoidably, these created price competitiveness among the

licensed derivatives business operator in the category of derivatives brokerage; “ electronic data ” means data that are created, sent, received, stored or processed through electronic procedures; “ business