reasonable because the return on their investment is not satisfied and technology is very important in financial market to complete with new competitors in Cambodia. Besides, AFS is the shareholder, who have
conditions have been satisfied: (1) being units listed and disclosed publicly on the SEC Office’s website which were examined by the SEC Office under the Notification of the Office of the Securities and
areas to be satisfied by a management company: (1) The scope of operations of the permitted branch office as it deems appropriate; (2) The procedures to be made by the management company to ensure
the following areas to be satisfied by a management company: (1) The scope of operations of the permitted branch office as it deems appropriate; (2) The procedures to be made by the management company
establish a branch office, the Office may prescribe conditions on the following areas to be satisfied by a management company: (1) The scope of operations of the permitted branch office as it deems
business shall comply with the following conditions: (1) The licensee shall commence the undertaking of gold derivatives brokerage business only when the SEC Office verifies that the licensee has satisfied
licensee has satisfied the qualifications under Clause 3(6), (7), (8) and (9) as provided in the application except where there is any difference in detail to the extent that it will not materially change
course of business due to all transactions are taking to supporting the business operation and also the terms and conditions are satisfied. Please be informed accordingly. Sincerely yours
taking to supporting the business operation and also the terms and conditions are satisfied. Please be informed accordingly. Sincerely yours, ---------------------------------- Mr. Khongsit Choukitcharoen