million from gain from investment in securities decreased of Baht 21.79 million due to loss from investment in equity securities increased of Baht 22.43 million whereas gain from investment in debt

and return on financial instruments decreased of Baht 22.50 million from gain from investment in securities decreased of Baht 21.79 million due to loss from investment in equity securities increased of

) for the period attributed to equity holders of the company (7.99) (24.78) 68% (21.65) 63% Revenue and profit Sales revenue from quarter 1/2020 of 394.13 million Baht, an increase of 114.70 million Baht

Board of Directors of Company approved this transaction, there was the resolution on Non-proportional capital increase in subsidiary arising from conversion of debt to equity which the highest value is

million (Approximately Baht 1,376.12 million) based on equity of financial statement as at 03/31/2019, and shall be subject to the final result of liquidation process. Reason for the Dissolution and

Phoenix Insurance (Thailand) Public Company Limited (“Phoenix”), which engages in Non-Life Insurance, for 55 percent of total paid-up capital with total value of the transaction not exceeding 400 million

equity and/or the connected person have not attend the meeting and has no right to vote in the meeting 8. Opinion from the Board of Director Regarding the Connected Transaction In the board of directors

109.9 110.8 -0.9 -0.8 Income tax expenses 31.1 62.6 -31.5 -50.3 Net profit (loss) attributable to equity holders 102.7 410.0 -307.3 -74.9 Net profit (loss) attributable to equity holders Margin (%) 1.6

687.5 -398.4 -57.9% Finance income 21.0 4.0 17.1 431.9% Finance cost -91.3 -123.6 32.2 -26.1% Tax expenses -17.1 -73.8 56.7 -76.8% Net profit (loss) Attributable to Equity Holders 204.8 501.0 -296.1 -59.1

' equity 21.97 22.48 28.64 Remark: (1) PBSB’s accounting period is on June 1st – May 31th (2) PBSB does not prepare consolidated financial statement 5. Calculation of Transaction Size Pursuant to the