meanings: 1. a disclaimer of opinion on the applicant’s financial statements and the consolidated financial statements or an adverse opinion; 2. a qualified opinion on any material transaction as non

statements and the consolidated financial statements or an adverse opinion; 2. a qualified opinion on any material transaction as non- compliance with the financial reporting standards; 3. an expression of

decisions or to make any kind of business transaction. In the event of disagreements, the parties will endeavour to resolve them amicably and in good faith. The competent court is the exclusive jurisdiction

ที่เกี่ยวข้อง (affiliated transaction) ตามที่กำหนดในส่วนที่ 2 (3)  การรับผลประโยชน์ตอบแทนเนื่องจากการที่กองทุนใช้บริการบุคคลอื่น (soft commission

, during the course of Credit Suisse's engagement in an investment banking transaction and in certain other circumstances. Not Rated (NR) : Credit Suisse Equity Research does not have an investment rating or

related transaction costs and pre- operative expenses 4 Interest net of tax on THB 15 billion Perpetual Debentures 5 M&A earnings are annualized for ROCE calculation to appropriately represent the ratio

the Company added 2 hotels, Eastin Thana City Golf Resort (which was under construction at the time of the aforesaid transaction and has been open since December 2018) and U Inchantree Kanchanaburi. The

transaction amount is USD 5.80 million paid from Ratch-Lao Services Company Limited’s working capital and loan. Management Discussion and Analysis For the Year Ended December 31, 2018 Page 5 On January 3, 2019

. As a result, the Company recognized gain on bargain purchase from such transaction in the amount of THB 269.92 million. 2.7 The effect of exchange rate of the Company and its subsidiaries In the year

on new acquisitions and their related transaction costs and pre-operative expenses 4 Interest net of tax on THB 15 billion Perpetual Debentures 5 M&A earnings are annualized for ROCE calculation to