% Total Liabilities 3,206 2,778 +15% Authorized share capital 140 140 - Issued and fully paid-up share capital 140 140 - Share premium 6 6 - Retained earnings 1,192 1,270 -6% Other components of equity 199

liability 29.15 2.5% 28.99 2.4% (0.16) (0.5%) Total liability 111.67 9.7% 106.34 8.7% (5.33) (4.8%) Net Asset 1,044.44 90.3% 1,119.64 91.3% 75.20 7.2% Equity 1,044.44 90.3% 1,119.64 91.3% 75.20 7.2% (a) Total

8.6% 40.98 53.0% Non-Current liability 29.96 2.4% 57.26 4.2% 27.30 91.1% Total liabilities 107.31 8.7% 175.59 12.8% 68.28 63.6% Net Assets 1,119.48 91.3% 1,197.19 87.2% 77.71 6.9% Equity 1,119.48 91.3

10.9% Non-Current liability 28.99 2.4% 30.10 2.3% 1.11 3.8% Total liability 106.34 8.7% 115.85 9.9% 9.51 8.9% Net Asset 1,119.64 91.3% 1,160.66 90.1% 41.02 3.7% Equity 1,119.64 91.3% 1,160.66 90.1% 41.02

Financial Position and Capital Structure As at 30 September 2018, the total assets were 56,449 million baht, increased by 38% from last year as at 31 December 2017. The incremental assets mainly came from

1 Translation CEN 001-2021 March 1, 2021 Subject Management Discussion and Analysis for the year 2020 To The Manager and President The Stock Exchange of Thailand Capital Engineering Network Public

Q1/2021 amounted to THB 820.2 MB and THB 770.5 MB respectively. Shareholders' equity decreased THB 49.7 MB due to the decrease in retained earnings THB 38.3 MB and a decrease in registered capital. As

% 61.42 57.2% Net Assets 1,119.48 91.3% 1,166.02 87.4% 46.54 4.2% Equity 1,119.48 91.3% 1,166.02 87.4% 46.54 4.2% (a) Total assets Total asset as at September 30, 2019 stand at 1,334.75mb, an increase of

Media Public Company Limited No. 2 (VGI-W2), Capital Increase through a General Mandate and Calling the 2018 Annual General Meeting of Shareholders To The President The Stock Exchange of Thailand

capital position was robust. As evidenced, capital adequacy ratio (CAR) of KASIKORNBANK FINANCIAL CONGLOMERATE (the Conglomerate) according to the Basel III Accord was 18.12 percent, with a Tier 1 capital