from ICO regulation. Also, providers who service trading utility tokens with similar rights including coins in games or points to redeem for products or services are not regarded as operating digital
who obtained an SEC approval to become ICO portals and for digital token sale. Therefore, those who make infringement will be regarded as breaking the laws with criminal and civil penalties
have the largest portion of their activities. For example, environmental SPTs that may be regarded as modest in ambition in developed economies could be of high significance in regions where the carbon
Settlement Committee order no. 141/2014, December 23, 2014. This case is regarded as settled. SEC Act S.243(1) in conjunction with 244 and 243(2) in conjunction with Section 83 of the Penal Code Criminal
period of 2017, the gross profit margin was 15.64%. Due to the highly competitive so that the profitability decreased from the same period of previous year. 3. Selling expenses was Baht 29.62 million which
highly competitive. Consumers are changing their purchasing behavior because economic slows down. Yours Sincerely, Ms. Piyanan Suwannaphasri Assistant Managing Director Authorized to sign behalf of the
the gross profit margin was 10.06%. Due to the highly competitive. 3. Selling expenses was Baht 34.34 million which increased Baht 4.72 Million or increased 15.94% when compared to the same period of
has decreased And the market situation is highly competitive Consumers have changed their purchasing behavior. Yours Sincerely, Ms. Piyanan Suwannaphasri Assistant Managing Director Authorized to sign
consumers have slowed purchases and prices have risen. Market conditions are highly competitive. Therefore, the cost of sales increased . Profitability has decreased . Yours Sincerely, f~~' Ms. Piyanan
highly competitive. Consumers are changing their purchasing behavior. Yours Sincerely, Ms. Piyanan Suwannaphasri Assistant Managing Director Authorized to sign behalf of the company