INFO SERVICE PUBLIC COMPANY LIMITED ADVANCED INFORMATION TECHNOLOGY PUBLIC COMPANY LIMITED AEON THANA SINSAP (THAILAND) PUBLIC COMPANY LIMITED AFFTER YOU PUBLIC COMPANY LIMITED AGRIPURE HOLDINGS PUBLIC

Management Discussion and Analysis For the Annual Operating Results 2018 Ended December 31, 2018 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and the vision

greater market share. KASIKORN ASSET MANAGEMENT CO., LTD. remained at the top of the mutual fund business. KASIKORN LEASING CO., LTD. saw satisfactory lending business volume in line with the overall

million Baht y-on-y Other revenues 127 75 -41.2% Share of profit (loss) of associates 153 173 13.3% Gain (Loss) on exchange rate 135 (28) -120.4% Other Revenues  Other revenues decreased 41.2% year-on-year

made to disclose information and the vision of the management in order to assist investors to better understand the company's financial status and operation. It also supports the "Good Corporate

CONSTRUCTION NON-OPERATING ITEMS Other Revenues  Other revenues was recorded at Baht 22 million in Q1’2018, primarily attributable to an interest income Share of Profit (Loss) of Associates and Joint Ventures

million in Q3’2018), primarily attributable to gain from business combination (BGYSP) amount of Baht 276 million which should be amortised by Baht 12 million per annum along the PPA life. Share of Profit

increase of interest income. Share of Profit (Loss) of Associates and Joint Ventures • Share of profit from associates decreased 10.0% y-on-y in Q1’2020 to THB 27 million, primarily due to lower profits at

) was made to disclose information and the vision of the management in order to assist investors to better understand the company's financial status and operation. It also supports the "Good Corporate

PUBLIC COMPANY LIMITED ADVANCED INFORMATION TECHNOLOGY PUBLIC COMPANY LIMITED AEON THANA SINSAP (THAILAND) PUBLIC COMPANY LIMITED AFFTER YOU PUBLIC COMPANY LIMITED AGRIPURE HOLDINGS PUBLIC COMPANY LIMITED