Exclusion of Credit Rating Agency Business from Securities Business in the Category of Securities Investment Advisory

The Exclusion of Investment Management for Private Equity Firm from Securities Business in the Category of Private Fund Management

Exclusion of Credit Rating Agency Business from Securities Business in the Category of Securities Investment Advisory (Codified KorChor 16/2558)

5.23 Average collection period days 76 77 69 Inventory turnover times 4.90 5.13 5.96 Average inventory turnover period days 73 70 60 Account payable turnover times 5.22 5.00 5.70 Average payment period

short-term investments, inventory and accounts receivable are used to borrow money, typically on a short-term basis. The company borrowing the funds must provide the lender with a security interest in the

exclusion of the international football sponsorships under CBD for domestic business were THB 1,390 million, increased by THB 31 million or 2.3% mainly varied in according to promotional activities in the

areas operated under Carabao Tawandang Co., Ltd. (“CBD”) for domestic businesses and in the areas operated under ICUK for the UK market: a. Marketing and selling expenses in exclusion of the international

and THB 14,780 million, respectively, an increase of THB 583 million or 3.9%, mainly due to an increase in inventory of THB 248 million in relation to raw materials and packaging materials to support

Category of Investment Advisory Service   25/02/2016 01/04/2016 5. Notification of the Securities and Exchange Commission  KorChor 1/2555 Exclusion of Credit Rating Agency Business from Securities

inventory on lower- margins from sales. Total expenses were Baht 450.0 million, decreased by 5.9% compared to same quarter last year due to measures taken up to control expenses. As a result, the Company