procedures as specified in the notification by failing to put in place an effective debenture underwriting system to categorize High Net Worth investors. SEC Act S.116 Settlement Committee Meeting No. 4

47.5% 26.4 7.9% Gain on loans receivable from purchase of accounts receivable 88.3 16.0% 232.8 30.5% 144.5 163.6% Insurance Income 37.3 6.8% 71.4 9.3% 34.1 91.4% Total Revenues 552.4 100.0% 764.4 100.0

offering convertible bonds (US$ currency, SGX listed, 2% p.a. coupon) worth US$180mn to institutional investors. Management Discussion and Analysis FY2017 Consolidated Financial Results Page 2 of 6 • In

maturity period prescribed in the disclosure document. Automatic redemption would require pre-specified terms and conditions, and investment would be limited to institutional and ultra-high-net-worth

, voting right (if DRûs underlying securities are stocks), and right to receive information from issuers of underlying securities. In 2003, there was DR issuance of a listed company worth 7,003 million baht

worth investor”, “institutional investor” , “structured notes”, and “short-term bond ” shall have the same meanings as defined in the Notification of the Securities and Exchange Commission concerning

” means the Thai Bond Market Association which has been licensed by and registered with the SEC Office. The terms "credit ratings", "registration statement", "listed companies", "high net worth

. On June 5 – 6, 2020, together with LED, the Company was able to auction out 164 real estate collaterals from its portfolio worth Baht 525,419,000 or accountable for 141 . 19% from the appraisal value

and services income, net 1,275,577 1,130,742 144,835 12.8 Gain on financial instruments measured at fair value through profit or loss 459,381 0 459,381 n.a. Gain on trading and foreign exchange

and services income, net 1,275,577 1,130,742 144,835 12.8 Gain on financial liabilities designated at fair value through profit or loss, net 459,381 0 459,381 n.a. Gain on trading and foreign exchange