margin was at 48%, declining from 50% in FY21 mainly due to an increased mix of handset sales to total revenue. The reported net profit was at Bt26,011mn, dropping -3.4%YoY from the challenging cost

equity funds find it challenging to outperform the market total return benchmarks. Delisting/merging is very rare. Periods Large & Mid/Small-Cap Equity Funds Large-cap Equity Funds No. of Survival Funds

“kreng jai,” which refers to Thais’ unique behaviors of refusing requests less, showing agreement more, challenging other people less, and avoiding confrontation more, communication in the Thai language

currency from “Thai Baht” to “US Dollar” from FY2019 in order to appropriately reflect the change of the Company’s foreign currencies operation as well as in considering more distinct foreign functional

50% of the area under agroforestry) 2. Livestock production For each of these types of agricultural production, the Criteria cover activities whose use of proceeds fall into three distinct groupings: A

change scenario. Such scoring/rating is distinct from credit ratings, which may nonetheless reflect material environmental/social/sustainability risks. Disclosure for External Reviews The Principles

investors 43% Saving in % of income Source: Authors’ analysis based on tax returns data during 2009-2018 Four distinct clusters of investors identified based on a decade of investment behavior 12 Average

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securities, provided that such statement shall be distinct, easy-to-read, and not smaller in size than the regular font used in such article or research paper, and shall be on the same page of the summary of

distinct, easy-to-read, and not smaller in size than the regular font used in such article or research paper, and shall be on the same page of the summary of such article or research paper or at a nearby