market which results to low selling price. Another factor is the appreciation of baht which reduces our export revenue when changing to Thai baht. And the effect of employee benefit, according to the new

income lower than target. o Changing the fiscal accounting year of the company in Malaysia to be ending at December caused the customers to buy a big volume in last December 2018 and reflect to less buying

: ……………………………………...………………….……. ………………………………………………………………………… ………………………………………………………………………… Beta Tracking Error Average Maturity of Debt Instruments Fees to be charged to the fund (% of NAV per annum) Yield to Maturity Fee items Maximum charge Actual charge Country Allocation Management fee

has not revised the past financial statements which incurred high depreciation expense causing the new depreciation value to be lower. The effect from changing the estimated useful lives towards the

decreased Baht (0.36) million due to most of the customers in the government sector changing their bidding process to be e-bidding. Administrative expenses increased Baht 5.46 million; were mainly derived

possibly changing market condition, the derivatives clearing house shall assess the appropriateness of the scenario, parameter and assumption used in the stress test on a quarterly basis or upon significant

deployment of critical technologies and adaptation strategies as well as changing market and consumer behaviours. Changing magnitude and nonlinear dynamics Climate-related risks may manifest at different

risks and catch new opportunities. Changing global risk landscape Assessment of risk exposure of assets/investments Changing investment landscape Changing shareholders’ and stakeholders’ expectation

Fair Value 2023 Spread Actual 2023 Spread Estimated 2023 Spread Program Bribery and Corruption and Reputational Risks Discount3 Internal Control Factor Discount2 Environmental Factor Discount 2023 prior

organizations Vayupak Fund 11 Vayupak Fund Open-End Fund listed on SET Unit Type A for retail investors ▪ Receiving actual returns with annual minimum / maximum limit for 10 years ▪ Receiving a return of