, which is expected to take place in the early of 2019. Thai Banking Industry Although the commercial banking system in Thailand is facing ongoing challenges from the economic environment, its lending and

margin of 23.5 percent. The details on the performance of the companies in the group can be described as follows: Summary of Income Statement Q3/2018 Q3/2017 Change 9M/2018 9M/2017 Change MB MB % MB MB

the banking system. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) 9 Months Change 3/2019 2/2019 3/2018 2/2019 3/2018 2019 2018 (%) Net profit * 9,438 9,347 9,030

from the change in defined benefit plan according to KBank’s employment policy which is not related to labor law, together with rising marketing expenses, our cost-to-income ratio stood at 45.02 percent

32,807 million or 6.9 percent, due mainly to increases in lending volume. Net investments amounted to Baht 615,788 million, a decrease of Baht 31,909 million or 4.9 percent, due to the change in

226.28 (24.55) 226.22 (24.62) Shares of gain (loss) from investments in an associate and a joint venture 2.83 25.08 0.00 0.00 Gain from change in a joint venture proportion 0.00 (9.87) 0.00 0.00 Gain on

Baht 971 million and earnings per share of Baht 0.49 a decrease of 10% when compared to the previous year. The Company would like to clarify the reasons for the change in profits for 2019 compared to the

million Baht or 94.91% when compared to the same period of previous year, as the Company mostly relied on its own working capital rather than lending from financial institutions. For the 3rd quarter of 2017

million Baht or 89.23% when compared to the same period of previous year, as the Company mostly relied on its own working capital rather than lending from financial institutions which had a net profit of

previous year. The Company would like to clarify the reasons for the change in profits for 2017 compared to the previous year, as follows: Revenue In 2017, the Company had total revenues, as shown in its