20T H ANNIVERSARY 1 Securities and Exchange Commission, Thailand Annual Report 2012 SEC ANNUAL REPORT 20122 THE YEAR OF CHANGE The year 2012 was the time for change to become the visionary partner whose balance between proactive and preventive approaches has led to stakeholders’ confidence in the Thai capital market. THE YEAR OF CHANGE 20T H ANNIVERSARY 1 02 MESSAGE FROM THE CHAiRMAN 04 MESSAGE FROM THE SECRETARY-GENERAl 06 SEC BOARd 09 CApiTAl MARkET SupERviSORY BOARd 12 ExECuTivE OFFiCERS 13 O...

be expected from the declining inflation and interest rates and the deficit budgeting of the Thai government to stimulate the economy, stock investments will continue to face uncertainties related to

registered ordinary shares since the Company has an operation loss and deficit shown on the Company‟s separate financial statements and consolidated financial statements as of June 30, 2019 which is the latest