economic uncertainty, including as a result of global pandemics. As such, undue reliance should not be placed on the forward-looking statements contained herein. Any forward-looking statement is based on

remained sluggish while the new phase of outbreaks re-emerging in Dec-20 posed further challenges on economic recovery. Despite some positive development in subscriber base in 4Q20, pricing remained the key

. If there are any problems to animals, such as animal epidemics, or in case of animal provision from foreign countries where the Convention on International Trade in Endangered Species of Wild Fauna and

arrivals from the main source markets in Europe will still continue to show only mid-level growth. However, various external risk factors that may impact the hotels business still remain – such as: epidemics

condition. Major incidents due to natural disasters, terrorist activities, or further global pandemics affecting one or more of the Group's locations could cause business disruptions and have an adverse

, epidemics, invasion of harmful invasive species, flood and drought conditions. Installation, upgrade or maintenance of information and information management systems such as installation of weather, soil and

between countries with active outbreaks. And, from the said situation, global demand for fuel declined by 20 percent, as well as the Organization for Petroleum Exporting Countries and their allies were

SECURITIES AND EXCHANGE COMMISSION, THAILAND ANNUAL REPORT 2014ANNUAL REPORT 2014 CONTACT INFORMATION This report can be downloaded from www.sec.or.th For more information about this report, please contact: SECURITIES AND EXCHANGE COMMISSION, THAILAND 333/3 Vibhavadi-Rangsit Road, Chomphon, Chatuchak, Bangkok, Thailand 10900 Tel. 1207 or +66 2695 9999 e-mail: info@sec.or.th This 2014 Annual Report is about policies, strategies and performance of the SEC. We aim to supervise and develop the Thai...