price or conversion price, the offering price was lowered because of the partial trade debt reduction (i.e. a haircut) by waiver of the 1st Interest Portion of USD 95,377,980, or equivalent to THB

million, lowered the income tax expenses by Baht 57 million from Q3/2018, in line with the company’s performance and the revision of tax estimation in Q4/2018. Moreover, the income tax expenses decreased

to maintain a suitable level of foreign currency liquid assets, consistent with growth in foreign-currency deposits, and to guard against any heightened liquidity risk stemming from volatility in the

guard against any heightened liquidity risk stemming from volatility in the global economy. Closely monitored factors that could affect our liquidity and interest rate risks include:  Global and Thai