increase registered capital which lead to the increase in number of shares, hence, Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 13 the Company shareholding portion decrease. And the

Discussion and Analysis Change in Capital Structure  Total assets increased 15.5% from Baht 76,047 million as of December 31, 2016 to Baht 87,834 million as of September 30, 2017, primarily due to an increase

power generation business of Baht 14,072 million and a increase in other business of Baht 32 million. See more details in 4.1 and 4.2 as follows; Page 10 4.1 The Analysis of the Operating Results in Power

Shares to Specific Investors (Private Placement) constituting a Connected Transaction, Reduction of Registered Capital, Increase of Registered Capital, Amendment of Memorandum of Association, Waiver from

Management Discussion and Analysis For the first quarter ended March 31, 2020 Kiatnakin Bank Public Company Limited Investor Relations Email: investor_relations@kiatnakin.co.th Tel. +66-2495-1366

V2 14/05/62 0 V2 14/05/62 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the First Quarter of 2019 The Thai economy in the first quarter of 2019

of 1,020.5 million baht and 2,054.4 million baht respectively, an increase of 1,033.9 million baht, or 101.31% compared on the same period from last year. Details below, 1. Total Income from Sales of

บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Year 2019 Ended December 31, 2019 Note: This Management Discussion and Analysis (MD&A) was made to

. Sales and Services increase from 71.56 Million Baht to 76.54 Million Baht or 6.96% due to increasing revenues from contract manufacturing (OEM). 2. The company’s consolidated net loss for the period (Q.2

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2019 In the first quarter of 2019, the Thai economy continued to