: • Lower inventories as the Company has enforced stock reduction policy • Decrease in property, plant, and equipment due to depreciation • Decrease in leasehold rights due to amorization • However, the

Ref. No. IVL [002/08/2019] 8 August 2019 The President The Stock Exchange of Thailand Subject: Submission of Quartely Review of Financial Statements and the Management Discussion and Analysis of

governance, allowed KBank and K Companies to meet business targets, gaining wide acceptance and marks of recognition at home and abroad, as reflected in the numerous awards we received in this quarter. B

offer for all securities of the business; (8) “business” means a company whose securities are listed on the stock exchange, a company whose securities are traded in the securities trading center, or a

attending the meeting and having the right to vote without any objection on the proposed offering 1 Market price means the weighted average price of the Company’s ordinary shares traded on the Stock Exchange

shareholders attending the meeting and having the right to vote without any objection on the proposed offering 1 Market price means the weighted average price of the Company’s ordinary shares traded on the Stock

shares traded on the Stock Exchange of Thailand (the “SET”) for 7 consecutive days prior to the date on which the Board of Directors resolved to propose the said offering for approval at the Extraordinary

Stock Exchange of Thailand on October 17, 2019. The Company currently manages 34 shopping malls with the net leasable area (NLA) of approximately 1.8 mn sqm. At the end of 2019 the average occupancy rate

per share. In case of having other securities listed elsewhere, identify the name of the Stock Exchange. (2) In case of having other types of share such as preferred share whose rights or terms differ

business targets as we gained wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in 2017. Under our redefined strategies for the next three years, KBank