generally accepted accounting standards. (4) Liquidity and Capital Sufficiency The Corporate Group has appropriate capital management, having prepared operating cash flows statements every day to acknowledge

and Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two languages, the Thai

per due diligence report prepared by KPMG. 14 4.2 NDR’s detail after the shares acquisition of non-listed company and FKRMM becomes the Company’s subsidiary. After the shares acquisition of FKRMM, NDR

54.85 7.59 61.14 8.22 66.21 Income statement 2016 2015 2014 Remark : 1) As of August 31, 2017, FKRMM has no obligation as per due diligence report prepared by KPMG. 4.2 NDR’s detail after the shares

in BBB will lessen its burden of financial costs and expenditures. Accordingly, the burden of financial costs and expenditures will be at a reasonable level and the Company will be prepared for driving

2017 Page 6 of 15 Management Discussion and Analysis This MD&A report has been prepared based on the consolidated and separate statements of GFPT Public Company Limited (“GFPT” or “the Company”) and its

advisory service handbook which is prepared in accordance with Clause 16 to the customer prior to giving the first advice, however, there shall be rendered an evidence showing such distribution of handbook

The Notification of the Ministry of Finance -Unofficial Translation- This English version is prepared by Legal Counsel and Development Department with the sole purpose of facilitating the

service provider is required; (2) a complete and updated summary report of the operational function outsourced to the service provider shall be prepared and submitted to the chief executive officer of the

be prepared and submitted to the chief executive officer of the intermediary; (3) a complete and updated evidentiary documentation of the operational function outsourced to the service provider shall