financial statement as follow: Asset: Investments in associated company declined THB 54 million Shareholder’s equity: Retained Earnings declined THB 38 million None controlling interest declined THB 16

profit at 510.8 million baht, decreased from the first quarter of year 2018 by 208.5 million baht or 29.0 percent of which profit attributable to the equity holder of the Company was 504.3 million baht

million baht, decreased from the first quarter of year 2018 by 208.5 million baht or 29.0 percent of which profit attributable to the equity holder of the Company was 504.3 million baht. Earnings per share

- Translation - Page 1 of 6 CBG 006/2020 20 February 2020 Subject Management discussions and analysis for the fiscal year ended 31 December 2019 To President The Stock Exchange of Thailand We

which was long term, lower from Bt98bn. Shareholders’ equity was Bt37,656mn, declining 12% due to lower retained earnings. Current ratio stood at 0.43x, down from 0.46x in 4Q16. With improving EBITDA and

(Exchange Rate Risk) *กรณีกองทุนจัดตั้งไม่ครบ 5 ปี จะแสดงค่าท่ีเกดิขึ้นนับตั้งแต่จดัตั้งกองทุน คุณสามารถดูข้อมูลเพิ่มเตมิได้ท่ี www.bcap.co.th ดุลยพินิจ ไม่ป้องกัน ต่ำ สูง การป้องกนัความเสีย่ง (fx) บางส่วน

แลกเปลี่ยน (Exchange Rate Risk) หมายเหตุ : มีนโยบายป้องกันความเสี่ยงด้านอัตราแลกเปลี่ยน (Hedging) ไม่น้อยกว่าร้อยละ 80 ของมูลค่าเงินลงทุนในต่างประเทศ ≤5% 5-10% 10-15% 15-25% >25%ความผันผวนของผลการดำเนิน

contracts and gain from the disposal of ordinary shares in joint venture companies • EBITDA stood at THB 33mn (down 74.9% YoY) largely as a result of the increase in unrealised loss on exchange rate. EBITDA

Discussion and Analysis For the year 2017 To The President of the Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Results for the year 2017 For the year ended 31 December

23 April 2018 At: ACC/HO 016/61 Re: Management Discussion and Analysis for the three-month period ended 31 March 2018 To: President The Stock Exchange of Thailand During the first quarter of 2018 the