been altered, the trust shall not be affected unless the trust instrument provides otherwise. Division 3 Amendment to Trust Instrument and Alteration of Trustee _____________________ SECTION 20 An

trust has been altered, the trust shall not be affected unless the trust instrument provides otherwise. UNOFFICIAL 5 Division 3 Amendment to Trust Instrument and Alteration of Trustee

interest Total 1. Balance at the beginning 25x0 x x x x x x x (x) x x 2. Accumulation from write off x x x 3. Adjusted balance x x x x x x x (x) x x Alteration between a period 4. Appraisal surplus x x 5

off x x x 3. Adjusted balance x x x x x x x (x) x x Alteration between a period 4. Appraisal surplus x x 5. Revaluation surplus (deficit) in investment x x 6. Retained earning (deficit) arising from

x (x) x x 2. Accumulation from write off x x x 3. Adjusted balance x x x x x x x (x) x x Alteration between a period 4. Appraisal surplus x x 5. Revaluation surplus (deficit) in investment x x 6

forecast. Although short-term economic stimulation measures from the government benefited private expenditure, but could not make a positive change to the overall GDP. (Source: Bank of Thailand). Thailand’s

period of time and had a favorable track record, these subsidiaries would seek financial directly from financial institutions. They would be less dependent on their parent company. This would help MK Group

favorable EBITDA stemmed from not only the revenue growth but also the effective cost control as mentioned above. Financing Cost The financing cost increased from merely THB 0.3 million to the amount of THB

beginning. After the subsidiaries operated for a period of time and had a favorable track record, these subsidiaries would seek financial directly from financial institutions. They would be less dependent on

Exclusive Opportunities Comprehensive Development There are 3 key development aspects of the EEC equipped with various mechanisms under the EEC Act 2. Favorable Ecosystem • EEC Demand-Driven Education