Bangkok Commercial Asset Management Public Company Limited Page 1 13 December 2019 Subject Management Discussion and Analysis for nine-month period ended 30 September 2019 To The President The Stock
Management Discussion and Analysis For the fourth quarter and year ended December 31, 2019 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd, Silom, Bangrak, Bangkok 10500
reviewed consolidated financial statements for the 9-month period as of 30 September 2018. The transaction value is also calculated from the transactions of disposal of asset during the period of six months
: Asset Item 1: Land comprising 23 title deeds located on Soi Ladprao 126, Ladprao Road, PlabplaSubdistrict, Wangthonglang District, Bangkok 10310 with aggregate area of 11-00-1 Rai and being rented to
with the following criteria: (a) the fee rate shall be 0.001 percent of the net asset value under management in each calendar year, calculated from the average of the total net asset value under
following criteria: 5 (1) 1 the mutual fund management fee shall be in accordance with the following criteria: (a) the fee rate shall be 0.001 percent of the net asset value under management in each calendar
associates increased by 24.8%, mainly from increase in revenue from sale of investment properties resulting from the asset monetization to Hemaraj Leasehold Real Estate Investment Trust (HREIT) and increase in
investment properties resulting from the asset monetization to Hemaraj Leasehold Real Estate Investment Trust (HREIT) and increase in normalized share of profit from investments in power associates. Such
equivalent to the amount of not exceeding GBP 20.7 million or approximately THB 900.7 million. In this regard, decision to enter into such a transaction is considered an asset acquisition pursuant to the