conflicts of interest arising due to the relationships that may compromise or appear to compromise the independence and objectivity of credit rating operations; Transparency and timeliness of ratings

success of the issuer’s operations, and disclose their business experience, functions, and areas of experience within the issuer to provide information about their professional competence. 2. If these

directors and senior management of the issuer who play critical roles in the success of the issuer’s operations, and disclose their business experience, functions, and areas of experience within the issuer to

2019) 8. The Company underwent new Passenger Service System (PSS) migration. Comprising of Reservation & Ticketing and Departure Control System, the following functions will be improved in order enhance

is invested and operated by Thai Flavour and Fragrance CO., Ltd. Operation Results The Revenues from Operations For the nine –month period ended 30 September, the revenues from sales and rendering

Regulations and Rules related to Business Operations 2 2. Risk Management and Risk Factors 7 2.1 Credit Risk Management 7 2.2 Market Risk Management 7 2.3 Liquidity Risk Management 8 2.4 Digital Risk 8 3

unit in charge of performing the functions of financial advisor; 4 Added by the Notification of the Office of the Securities and Exchange Commission No. Sor Chor. 5/2558 Re: Granting of Approval of

Business Operations 2 2. Risk Management and Risk Factors 4 2.1 Credit Risk Management 4 2.2 Market Risk Management 4 2.3 Liquidity Risk Management 5 3. Business Directions and Operations of Core Businesses

3. Business Directions and Operations of Core Businesses 7 3.1 Sustainable Development and Corporate Governance 7 3.2 Business Directions of KASIKORNBANK and the Wholly-owned Subsidiaries of

) 2018 2019 MB % Revenues from sales and rendering services 2,632.52 2,776.38 143.86 5.46% Revenues from hotel operations 105.72 88.28 -17.45 -16.50% Total revenue 2,738.25 2,864.65 126.41 4.62% Cost of