of the assets underlying a structured finance product change materially. Where feasible and appropriate for the size and scope of its credit rating business, this function should be independent of the

feasible 9) Conditions for transaction None 10) The Board of Directors’ opinion After BBW was no longer being a subsidiary company, the company still holds 5% of BBW, and participates in management, due to

to the “Accountability, Transparency and Fairness” practical guidelines  Communicating to employees the Anti-Corruption Policy and informing them of communication channels for accepting information

credit ratings of structured finance products are appropriate when the risk characteristics of the assets underlying a structured finance product change materially. Where feasible and appropriate for the

real estate revenue recognition of 1,366.58 Million Baht or an increase by 103.97%. The revenue can be distinguished as follows: Unit: Million Baht Projects Consolidated Revenue Project Revenue Increase

Baht or an increase by 137.61%. The revenue can be distinguished as follows: Unit: Million Baht Projects Consolidated Revenue Project Revenue Increase (Decrease) % Revenue (Million Baht) Revenue (Million

project with 358 units and living space from 141-165 sq.m. per unit. The total project value is more than THB 1,000 mn and is located next to Centralplaza Phitsanulok, distinguished with the green area

increase in real estate revenue recognition of 56.69 Million Baht or an increase by 15.94%. The revenue can be distinguished as follows: Comparison of six-month period operating income ended June 30th ,2017

% compared to the same period last year. The key factor was from an increase in real estate revenue recognition of 317.07 Million Baht or an increase by 70.96%. The revenue can be distinguished as follows

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through support of investment and private spending as well as bolstering opportunities for other econo...