Persistence of Performance http://www.sec.or.th Empirical Paper Methodology Evidence Sharpe (1966) Spearman rank correlation Yes Jensen (1968) Jensen’s alpha No Grinblatt&Titman (1989,1992) Jensen’s alpha Yes

with a reduction of not more than 10 percent of the abovementioned weighted average market price per share, whereby the Board of Directors had considered such determination of the reduction, based on the

with a reduction of not more than 10 percent of the abovementioned weighted average market price per share, whereby the Board of Directors had considered such determination of the reduction, based on the

on, and bargaining power of the Company, the Board of Directors were of the view that the facts on the Transaction were subject to change and that the timing of the disclosure was of the essence

PowerPoint Presentation SEC Capital Market Regional Seminar 2023 Relationship among Sustainability Disclosure, Earnings Persistence and Economic Value Added of Initial Public Offering Firms: An

of the Company. (Please refer to the Information Memorandum on Asset Acquisition and Connected Transactions of the Company in the Enclosure) In view of the above, the Board of Directors’ Meeting deemed

the abovementioned weighted average market price per share, whereby the Board of Directors had considered such determination of the reduction, based on the market situation at that time. The offering

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, there was a lack of budget allocation and prioritizing, which adversely affect the determination of budget allocation for each marketing tools. Moreover, the current economic circumstances have not

a lack of budget allocation and prioritizing, which adversely affect the determination of budget allocation for each marketing tools. Moreover, the current economic circumstances have not positively