Real estate-backed ICO is in the form of fundraising and benefit generation similar to REIT. However, the regulations governing real estate-backed ICO with regard to investor protection mechanism
also be reasonable and not resulting in a similar situation as non-operation. The regulations aim to ease the flexibility of the operation of business providers by reporting to SEC after outsourcing
function relating to trustee services, trustee operation, oversight of trustee operation or other similar business functions; (b) Business function relating to securities services, securities operation
following line of work, as the case may be: (a) a line of work relating to trustee services, trustee operation, compliance function of trustee services or other similar lines of work; (b) a line of work
commercial banks’ performance and certain sources of revenue, alike. 3 1.3 Regulatory Changes Significant regulatory changes that may have affected KBank’s and K Companies’ business operations included
derivatives, management of derivatives business, management of customers’ assets in derivatives business or any other positions or nature of work similar thereto for which the job holder is required to obtain
of more than 75 percent of all voting shares; (12) a foreign investor of similar characteristic as the persons defined under Section 3 of the Derivatives Act, B.E. 2546 (2003) or those under (1) to (11
and would be completed in the similar time periods. This caused work overload and shortage of skilled workers Q4/2018 and into Q1/2019, resulting on cost overrun. Discussion and Analysis of the Company
similar to other contract parties. Term: 1 Year (1 Jun 2019 – 31 May 2020) Total Transaction Value: 12,856,020 Baht Payment Installment: Monthly Reason for entering into this transaction: Inoac Tokai