Section 133 Securities and Exchange Act B.E. 2535 Section 133. The securities company shall manage a private fund with honesty and care to preserve the interests of the person who has authorized the

Section 117 Securities and Exchange Act B.E. 2535 Section 117. In the management of a mutual fund, a securities company may set up and manage a mutual fund only when its application to set up the

order, the timing, price or quantity of the order or how to manage the order after its submission, with limited or no human intervention.1 • Algorithmic trading, program trading, automated trading, and

underground; and also to manage to control sewage, for example, waste water treatment and population evacuation concerning air and noise pollution, to private organization, sanitation district, government

relating or affecting natural resources and environment, either water, land, air, noise, or underground; and also to manage to control sewage, for example, waste water treatment and population evacuation

improving projects that are relating or affecting natural resources and environment, either water, land, air, noise, or underground; and also to manage to control sewage, for example, waste water treatment

whole or in part, to manage the business of the securities company only with the approval from the Office. In cases where it later appears that the persons under the first paragraph have the prohibited

Office in accordance with the rules, conditions and procedures specified in the notification of the SEC. The securities company may act as a custodian for the person who has authorized it to manage the

reported earnings objective - to avoid loss - to increases in annually earnings - to meet analysts’ earnings forecasts 4 Motivations to Manage Earnings Internal factors External factors Firm’s

order to maximize benefit for the Company, the Management decided to manage liquidity by invested in short-term promissory notes of Asia Capital Group Public Company Limited in the amount of THB 100