law and standards. Guidelines 1.3.1 In assessing whether directors and executives have performed their fiduciary duties with the required responsibility, due care and loyalty, reference should
directors, all of whom must be independent directors, with required qualifications, and comply with applicable legal requirements, including those promulgated by the Securities and Exchange Commission and
intends to take in regards to its management of forest-related issues. Forests related policy expectations: This covers policy criteria clients/investees are required to meet (i.e. criteria you are willing
has obtained licenses that relate with reservoir construction and water supply distribution as required by law, expected to obtail all relavant licenses within second quarter of 2018 (4) GS and HYDRO
) - หน้า 5 - (3) GS has obtained licenses that relate with reservoir construction and water supply distribution as required by law, expected to obtail all relavant licenses within second quarter of 2018
, the information provided in this MD&A may vary if any factors or situation are changed in the future; the investors are, therefore, required to have their own discretion regarding the usage of this
assets. Note: According to the debentures and long-term loan agreements, the company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is
in process of Tubma reservoir project. Note: According to the debentures and long-term loan agreements, the company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long
is required to recognize as expenses as soon as the transaction occurred, resulting in the lower gross profit margin than other period of contract term. Construction service Previously, the group’ s
AND ANALYSIS FOR Q3/2017 6 Note: According to the debentures and long-term loan agreements, the company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan