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information contained herein or proceeding with a transaction which may arise as a result of this material, the recipients must determine the
risks and merits, including legal, tax, and accounting characterizations and consequences, without reliance on SCB. SCB does not provide tax, legal
or accounting advice and do not warrant the advice provided by others.

 
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9  * /= (athiphat.muthitacharoen@scb.co.th)

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2 (tanakorn.limvittaradol@scb.co.th)
SCB Economic Intelligence Center (EIC)
EIC Online: www.scbeic.com

This information enclosed herewith is intended for discussion purposes only. Although the information provided herein is believed to be reliable,
SCB makes no representation as to the accuracy or completeness of such information or otherwise provided by SCB. Prior to acting on any
information contained herein or proceeding with a transaction which may arise as a result of this material, the recipients must determine the
risks and merits, including legal, tax, and accounting characterizations and consequences, without reliance on SCB. SCB does not provide tax, legal
or accounting advice and do not warrant the advice provided by others.