rules set out by the derivatives clearing house. If it appears to the SEC Office that any derivatives clearing house violates or fails to comply with its notifications or rules, or takes inappropriate

in comparing different CRAs. If the nature of the rated entity or obligation or other circumstances make such historical A-15 transition or default rates inappropriate, statistically invalid, or

agencies that are offering the debt securities lack the qualifications, or their compliance with the conditions after approval is inappropriate, or they will be unable to comply with this Notification; (2

inappropriate, or it will be unable to comply with this Notification; (2) the offer for sale of the newly issued bonds may constitute an avoidance of the rules issued under the Law on Securities and Exchange and

be: 6 (1) the foreign entity which will offer for sale of debt securities lacks qualifications or its compliance with the conditions after approval is inappropriate, or it will be unable to comply with

securities clearing house violates or does not comply with its notifications or rules, or takes inappropriate action with respect to its operation as a securities clearing house, the SEC Office may instruct

method since the Company has continued losses, which may be inappropriate at this time. Details are as below; Valuation Methods Price (Baht per share) Book Value per share as of June 30, 2017 0.35 Book

Value) and also, consider the market price per share in the Stock Exchange of Thailand (the “SET") without using the net cash flow method since the Company has continued losses, which may be inappropriate

UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Office of the Securities and Exchange Commission No. Nor Por. 3/2559 Re: Guidelines for Establishment of Information Technology System ______________________ Whereas the Notification of the Capital Market Supervisory Board No. Tor Thor. 35/2556 Re: Standard Conduct of Business, Management Arrangement, Operating Systems, a...

(THB Million) Appropriatness of Evaluation Method Appraisal Price by IFA Higher than (Lower than) the Transaction Price (percent) 1. Book Value Approach 615.45 924.90 Inappropriate (33.46) 2. Adjusted