have an incentive to voluntarily disclose negative information. • This is due to the potential disutility from litigation as a result of withholding bad news. The Paper • The differing disclosure

RML จากที่ระดับ BBB- (investment grade) แนวโน้ม stable เป็น BB+ (non-investment grade) แนวโน้ม negative ซึ่ง RML ได้รับทราบข้อมูลดังกล่าวก่อนที่แบบ Filing มีผลใช้บังคับ โดยที่ข้อมูลดังกล่าวถือเป็นข้อมูล

), sold 29,000 shares of BLA through his the securities trading account in such a way as to take advantage of other persons by using negative material non-public information concerning BLA’s operating net

BLA through its the securities trading account in such a way as to take advantage of other persons by using negative material non- public information concerning BLA’s operating net profit decrease in Q2

own account in such a way as to take advantage of other persons by using negative material non- public information concerning the fact that BLA’s operating net loss of 880.59 million baht significantly

(BLA) shares to be sold from the account of BKI in such a way as to take advantage of other persons by using negative material non-public information concerning BLA’s operating net loss of 880.59 million

Miss Pasita Leesakul Miss Pasita Leesakul knew or possessed negative substantial inside information about TRC CONSTRUCTION PUBLIC COMPANY LIMITED (TRC)’s 2018 performance which would significantly

Miss Rewadee Ardharn Miss Rewadee Ardharn, while being Senior Accounting Manager of TRC CONSTRUCTION PUBLIC COMPANY LIMITED (TRC), knew or possessed negative substantial inside information about

Miss Ounruen Sujarittham Miss Ounruen Sujarittham, while Senior Finance and investor Relations Manager of TRC CONSTRUCTION PUBLIC COMPANY LIMITED (TRC), knew or possessed negative substantial inside

Mrs. Ariya Sujarittham Mrs. Ariya Sujarittham knew or possessed negative substantial inside information about TRC CONSTRUCTION PUBLIC COMPANY LIMITED (TRC)’s 2018 performance which would