Profit Margin 6 12 15 Q1/21 Q1/22 6.6% 7.5% 6. Finance Cost: Finance cost arises from the recognition of lease liabilities from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16). The

adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16). The Company has no interest-bearing debt. +2.0% 7

interest expenses from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16). The Company has no interest-bearing debt. +10.5% 7 Slide 0 Slide 1 Slide 2 Slide 3 Slide 4 Slide 5 Slide 6 Slide

and conditions stipulated under the Thai Revenue Code for the purpose of tax exemption for such transaction (the “Entire Business Transfer Transaction”). BTSG is a majority shareholder of the Company

amended) (collectively, the “Notifications on Connected Transactions”). Information of KPN Academy KPN Academy was incorporated under Thai laws on 2 December 2013 with a registration, having its registered

. Governing law Thai law 7. Approved the expansion of the flexible packaging business in the amount of Baht 75 million, comprising the construction of a factory warehouse at Baht 35 million and the purchase of

unless deposits are demanded without interest. 8. Governing law Thai law 7. Approved the expansion of the flexible packaging business in the amount of Baht 75 million, comprising the construction of a

UNOFFICIAL TRANSLATION Codified up to No. 12 As of 14 February 2017 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for

Limited and its Subsidiaries Management’s Discussion and Analysis for the third quarter of 2017 ended 30 September 2017 Executive Summary For the third quarter of 2017, Thai economy grew more than 3.0

have elaborated more that the Wattanapat Samui Hospital project with twenty nine licensed beds which will be located in the downtown, crowded of Thai and foreigner tourists, may causing the inadequate