agreements of THB 29.22 million following adoption of the Thai Financial Reporting Standards: TFRS 16 on Leases. Shareholders’ equity At the end Quarter 1 of 2020, SAAM Group presented total shareholders

the adoption of the Thai Financial Reporting Standards: TFRS 16 on Leases. Shareholders’ equity At the end Quarter 2 of 2020, SAAM Group presented total shareholders’ equity of THB 296.6 1 million, a

1 Ref: AC.016/2019 4 May 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

, resulting in a downward revision for Thailand’s GDP forecast. The outbreak disrupted employment and increased financial system vulnerabilities. However, at its meetings on June 24 and August 5, the MPC

52,944.89 900.16 34,755.21 31.67 3.52 Total Shareholders' Equity 360.46 20,480.68 444.16 17,149.03 (83.70) (18.84) Financial Performance for the quater March 31 , 2019 (Unit : Million Baht) Financial Position

expenses was approximately 33.3 percent of the total company revenue compared to 35.3 percent for the same period of year 2018. 2. Financial Status (Company and Subsidiaries) (1) Total Assets Company total

Liabilities 398.09 41,040.21 393.84 27,541.26 4.25 1.08 Total Liabilities 811.61 83,671.13 799.66 55,920.28 11.95 1.49 Total Shareholders' Equity 94.33 9,724.74 249.91 17,476.22 (155.58) (62.25) Financial

of Long-term loans from financial institutions - net of current portion amounted 3.8 million baht. (3) Shareholders’ Equity Total shareholders’ equity as of March 31, 2018 was 1,335.3 million baht

Company’s Q3-2020 (Jul-Sep) operating results based on its reviewed consolidated financial statements ended 30 Sep 2020 as follows. Highlights on Q3-2020 Operating Results Unit : Million Baht Q3-20 Q3-19 Q2

Q1-2021 (Jan-Mar) operating results based on its reviewed consolidated financial statements ended 31 March 2021 as follows. Highlights on Q1-2021 Operating Results Unit : Million Baht Q1-21 Q1-20 Q4-20