; (2) risk management system for prevention of damage caused by risks arising from business undertaking to assure that there will not be any adverse effect on business undertaking of the securities

% mainly from the closure of Dusit Thani Bangkok Hotel and adverse impact on tourist in Phuket impacting revenue from Dusit Thani Laguna Phuket. - Revenue from overseas owned hotels continuing to grow by 6.4

decreased by 36.9% from THB 62mn to THB 39mn with a decline of Net profit margin to 5.7% from 23.7% in 2Q 2018. The lower-than-expected net profit’s performance was mainly from the adverse impact from

Warrants does not have an adverse effect on the rights of the Warrant holders pursuant to Clause 1.5.9 of the terms and Conditions Governing the Rights and Obligations of the Issuer and Holders of the

Warrants does not have an adverse effect on the rights of the Warrant holders pursuant to Clause 1.5.9 of (Translation) — 2 — the terms and Conditions Governing the Rights and Obligations of the Issuer and

, however, certain that Thailand and worldwide measures against spread of the COVID-19 will have adverse effects on the Company’s future revenues, operations and supply chains. The Company is taking several

social distancing measures. Since the main business of U City is the Hospitality business, the effect of COVID-19 is unavoidable and severely felt. In order to reduce costs and minimise the adverse impact

incurred is monetary (loss of benefits that should have been gained or increase of cost or expense, for instance) or non-monetary (adverse impact to market or business trustworthiness; (3) other relevant

and adverse selection that lead to underinvestment problems. Authors Results of government subsidy Deng et al. (2020, 2021); Hu et al. (2019) Encourage long-term investments only for the 1st stage

เงินไม่ถูกต้อง (Adverse Opinion) และ (3) ไม่แสดงความเห็น (Disclaimer) - ฐานะทางการเงินของ issuer อาจมีปัญหา ซ่ึงสะท้อนภาพมาในงบการเงินของ issuer เช่น มีส่วนของผู้ถือหุ้น ติดลบ มีผลขาดทุน มีการขาดสภาพ