bearing debt increase bt124.00mn. due to cash flow management. As at June 30, 2020, total shareholders’ equity was Bt1,142.262mn, as a result of the 1Q and 2Q of 2020 net profits of Bt230.83mn, shares

4_MDA Year2019 EN -Translation- No. ECF2 007/2020 February 28, 2020 Subject: Management Discussion and Analysis of the year 2019 ended December 31, 2019 To President The Stock Exchange of Thailand

No. SN.LK 022/2018 August 10, 2018 Subject Management Discussion and Analysis for the 2nd quarter ended June 2018 To The President The Stock Exchange of Thailand Indara Insurance Public Company

Microsoft Word - 2020_Q1_MDA_ENG Ocean Glass Public Company Limited Page 1/3 Management Discussion and Analysis Operating Results In the 1st quarter of 2020, Ocean Glass Public Company Limited and

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Techamuanvivit, Director of the Investment Management Supervision Department4. Ms. Chutima Leelajindamai, Director of the Legal Department – Corporate Finance5. Mr. Songyod Bunjoungmanee, Director of the

. In response to such change, the SEC closely monitors mega trends in international markets and aims to ensure the Thai capital market regulatory framework does not impede new developments. Equity

funds), excluding equity funds. The amendments aim to ensure proper unit allocation and prevent any undue benefit by any particular individual. For example, the revisions require any person or group of

Equity stood at 39.5% which decreased from an increase of shareholders’ equity. 5 Forth Smart Service Public Company Limited (FSMART) 1Q18 Management Discussion and Analysis 2018 Management Outlook

Equity 26.6% 2.4% 71.0% 36.1% 2.5% 61.4% 1,631 2,002 5 MD&A 2Q 2017 (Ended 30 June 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2017 1 AUG 2017 AGEING OF TRADE RECEIVABLES (THB mn) 31 DECEMBER