Comments on: “Trading costs on the Stock Exchange of Thailand” Authors: Charoenwong C., Ding D.K., Jenwittayaroje N. Comments on: “Risk-taking behaviour during downturn: evidence of loss-chasing and

performance of equity mutual funds in Thailand. We fi nd that their returns vary with economic cycle and stock market condition. Overall, equity mutual funds in Thailand show better performance during bear

- English Translations - No. M06/012/2020 February 27, 2020 Subject Clarification of Year/2019 Company Performance To The President of the Stock Exchange of Thailand MDX Public Company Limited (“MDX

inspection cycle (2016 to 2018), audit firms in the capital market established and maintained a system of quality control as required by the Thai Standard on Quality Control (“TSQC 1”). The majority of audit

from the first inspection cycle (2010-2012) to 2019, the first year of the 4th inspection cycle (2019-2021), showed promising overall improvement despite the SEC’s more intensive inspection in several

and Exchange Commission Independent Audit Inspection Activities Report Independent Audit Inspection Activities Report for the 1st Cycle 1 October 2010 - 31 December 2012 Introduction Quality Assurance

Ref No.Sor.Kor. 39/63 August 13 , 2020 Manager and Director of The Stock Exchange of Thailand Subject: Management discussion and Analysis for the three month and six month periods of year 2020 For

individual auditors’ engagement. The overall results of the inspection conducted on 13 audit firms in 2016 during the third cycle, which is between 2016 to 2018, indicated continuous improvement from the

Cycle of Audit Inspection ........................................................ Significant Statistical Information .................................. 02 04 05 08 24 38 40 43 Executive summary High

further appropriate actions to establish consistency in the overall supervision of auditors and audit firms. In the quality control system inspection in 2020, the second year of the 4th inspection cycle