/2000 2. Notification of the Office of the Securities and Exchange Commission  SorKhor./Nor. 4/2549 Re: Operating System Relating to the Undertaking of Fund Management Business 08/03/2006 16/04/2006
(Translation) NEP-AC 001/2562 28 February 2019 Subject : Management Discussion and Analysis for year ended 31 December 2018 To : The President The Stock Exchange of Thailand Operating Result NEP
year at THB 5.2 billion for the second quarter of 2017 from THB 4.8 billion for the second quarter 2016. Sales Revenue in USD terms increased by 13% to USD 153m from USD 135m in Q2 2016. Operating
year at THB 5.7 billion for the third quarter of 2017 from THB 5.3 billion for the third quarter 2016. Sales Revenue in USD terms increased by 13% to USD 172m from USD 152m in Q3 2016. Operating
5.2 billion for the first quarter of 2018 from THB 5.2 billion for the first quarter 2017. Sales Revenue in USD terms increased 10% to USD 165m for Q1 2018 from USD 149m in Q1 2017. Operating Profits
THB 5.2 billion for the third quarter of 2019 from THB 6.0 billion for the third quarter 2018. Sales Revenue in USD terms decreased 8% to USD 168m for Q3 2019 from USD 182m in Q3 2018. Operating Profits
impact of Stock Gain/(Loss) and NRV Operating performance comparison between 2Q2018 vs. 2Q2017 FA revenues recorded THB 1,546 million in 2Q2018 (down 20% yoy), attributed to Natural FA prices drop follow
the first quarter of 2019 from THB 5.2 billion for the first quarter 2018. Sales Revenue in USD terms decreased 1% to USD 162m for Q1 2019 from USD 165m in Q1 2018. Operating Profits decreased 52% to
5.2 billion for the second quarter of 2019 from THB 5.5 billion for the second quarter 2018. Sales Revenue in USD terms decreased 4% to USD 163m for Q2 2019 from USD 171m in Q2 2018. Operating Profits
5.5 billion for the second quarter of 2018 from THB 5.2 billion for the second quarter 2017. Sales Revenue in USD terms increased 12% to USD 171m for Q2 2018 from USD 153m in Q2 2017. Operating