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Page 1 Date 25 February 2020 Re: Management Discussion & Analysis for the Year Ended 31 December 20020 To The President of the Stock Exchange of Thailand (SET) CHAOPRAYAMAHANAKORN PUBLIC COMPANY

November 12, 2004 1/3 No: SN. 036/2017 May 11, 2017 Subject: Clarification of Operating Results and Financial Status the six-month period ended March 31, 2017 Attention: President The Stock Exchange

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) Social Security Fund; (14) National Saving Fund; (15) Financial Institution Development Fund; (16) derivatives business operator under the law on derivatives Act; (17) future business operator under the

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