instance, securities intermediaries, asset management companies, investment consultants and derivatives intermediaries with underlyings such as SET index, oil and precious metals (gold, silver, etc.); For

addition, the Group, mainly through its Watches & Fine Jewellery division, may be exposed to changes in the prices of certain precious metals, such as gold. It cannot be excluded that such fluctuations could

IP: INTER PHARMA PUBLIC COMPANY LIMITED L&E: LIGHTING & EQUIPMENT PUBLIC COMPANY LIMITED PAP: PACIFIC PIPE PUBLIC COMPANY LIMITED PRINC: PRINCIPAL CAPITAL PUBLIC COMPANY LIMITED PSL: PRECIOUS SHIPPING

. Sustainability at CHANEL CHANEL’s products depend in their creation on precious natural resources and the finest craftsmanship. CHANEL's vision for sustainability and its long-term vision for the brand is a world

COMPANY LIMITED PROUD: PROUD REAL ESTATE PUBLIC COMPANY LIMITED PSG: PSG CORPORATION PUBLIC COMPANY LIMITED PSH: PRUKSA HOLDING PUBLIC COMPANY LIMITED PSL: PRECIOUS SHIPPING PUBLIC COMPANY LIMITED PSTC

LIMITED PRTR: PRTR Group Public Company Limited PSG: PSG CORPORATION PUBLIC COMPANY LIMITED PSH: PRUKSA HOLDING PUBLIC COMPANY LIMITED PSL: PRECIOUS SHIPPING PUBLIC COMPANY LIMITED PSP: P.S.P.Specialties

20T H ANNIVERSARY 1 Securities and Exchange Commission, Thailand Annual Report 2012 SEC ANNUAL REPORT 20122 THE YEAR OF CHANGE The year 2012 was the time for change to become the visionary partner whose balance between proactive and preventive approaches has led to stakeholders’ confidence in the Thai capital market. THE YEAR OF CHANGE 20T H ANNIVERSARY 1 02 MESSAGE FROM THE CHAiRMAN 04 MESSAGE FROM THE SECRETARY-GENERAl 06 SEC BOARd 09 CApiTAl MARkET SupERviSORY BOARd 12 ExECuTivE OFFiCERS 13 O...