the public. A listed company must use proceeds from the approved offering of shares in accordance with the objectives of the capital increase indicated in the notice calling shareholders' meeting. A

/ source of indicating the number of offers more than five per cent and the indicated price is low Not necessary ​ detail of the securities, such as type, duration, number, price  ​ ​ name of all directors

any derivatives position, the amount of the initial margin or the maintenance margin for such position by contract shall be indicated; (2) the market price of derivatives contract at the market closing

any derivatives position, the amount of the initial margin or the maintenance margin for such position by contract shall be indicated; (2)3 the market price of derivatives contract at the market closing

any derivatives position, the amount of the initial margin or the maintenance margin for such position by contract shall be indicated; (2)3 the market price of derivatives contract at the market closing

of the dates indicated. Major Debtors1 As of December 31, As of March 31, 2017 2018 2019 2019 20202 Baht (Million) Baht (Million) Baht (Million) Baht (Million) Baht (Million) Debtor 1 3,097.5 3,064.8

Concentration The following table sets forth information regarding our individual debtors with the 10 largest remaining acquisition cost of NPLs as of the dates indicated. Major Debtors1 As of December 31, As of

of the information set-forth hereof shall be responsible for conducting its own investigation and analysis of the information contained herein. Except where otherwise indicated, the information

773.5 11.6 838.2 12.1 (64.7) (7.7) - Passenger Services 689.6 10.3 824.3 11.9 (134.8) (16.4) - Rental 11.3 0.2 389.6 5.6 (378.3) (97.1) - Landing , Parking and Navigation fee 264.1 4.0 317.9 4.6 (53.8

is not a good proxy for uncertainty of future earnings. 22 before, I include year fixed effects, industry fixed effects, and I cluster standard errors by year and firm. As indicated in hypothesis I