investors under acceptable risk levels and performance persistence at higher yield than that of the benchmark. The study showed performance persistence in Thai equity funds over the periods of time

investment consultants who were in charge of this client for two consecutive periods of time, aided or abetted {A} in trading on behalf of the client as the client was not keen on investment and allowed Tanya

Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 1 (Translation) 1. Significant events of the , nd quar ter of 2018 1.1 The Expansion of Electr icity and Stream

MD&A Q3Y2019 (E) - 11.11.19 RATCH Group Public Company Limited Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2019 Management Discussion and

Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 201# Page 1 (Translation) 1. Significant events of the , rd quar ter of 2018 1.1 Changes in Accounting Policy On January 1

No. MVP055/2020 August 13, 2020 Subject: Management Discussion and Analysis for the three – month and six- month periods ended 30 June 2020 To: President and Manager The Stock Exchange of Thailand M

MD&A Q2Y2020 (E) - 11.8.2020 Update HPC RATCH Group Public Company Limited Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2020 Management Discussion and

cooperate with the auditor to supply all necessary information and evidence and to rectify the financial statements of both accounting periods. The rectified and reviewed financial statements must be

periods etc. 2. Price movements graphs, e.g., share prices during one year after IPO compared with IPO prices, graphs showing relative returns compared to sector’s benchmarks and to SET index or MAI index

agencies evaluate the effectiveness of a law at least every five years from the effective date of the law or every other periods as specified in the governing ministerial regulations or upon occurrence of