Page 1 of 10 Management Discussion & Analysis Q3/2024 1. Overview of Business Operations, Economy, and Industrial Conditions Affecting Operations In Q3/2024, Thailand's economic outlook shows signs

reflecting more cautious lending practices to align with the current economic conditions. Moreover, the Company has expanded its service channels through the online platform, which is more convenient for

accordance with the methods and conditions specified by the Company. The Company shall then transfer the asset to the highest bidder, under the condition that the price of each asset, regardless of any

methods. “ property fund manager ” means a property fund manager under the Notification of the Office of the Securities and Exchange Commission concerning Rules, Conditions and Procedures for Establishment

expected credit loss by considering economic conditions in the past, present, and future under various assumptions and circumstances.However, the Covid-19 outbreak has dramatically affected the Thai and

Supervisory Board No. Tor Thor. 32/2559 Re: Rules, Conditions, and Procedures for Operation of Securities Clearing Houses and Central Securities Depositories By virtue of Section 16/6, Section 223/3, and

Financial and Ratio As at 30 September 2019 2018 Liquidity Ratio Current Ratio (Time) 1.4 1.5 Quick Ratio (Time) 4.6 4.7 Collection Period (Day) 22.0 22.5 Stock Turnover Period (Day) 8.3 8.3 Payment Period

June 2017 2016 Liquidity Ratio Current Ratio (Time) 1.8 2.3 Quick Ratio (Time) 4.3 5.1 Collection Period (Day) 22.8 21.8 Stock Turnover Period (Day) 6.6 6.2 Payment Period (Day) 30.9 30.2 Profitability

As at 30 September 2017 2016 Liquidity Ratio Current Ratio (Time) 1.7 2.3 Quick Ratio (Time) 4.1 5.1 Collection Period (Day) 23.6 23.1 Stock Turnover Period (Day) 6.8 6.2 Payment Period (Day) 33.3 31.1

Current Ratio (Time) 1.7 1.9 Quick Ratio (Time) 3.5 4.5 Collection Period (Day) 25.6 25.8 Stock Turnover Period (Day) 6.9 6.4 Payment Period (Day) 34.3 35.2 Profitability Ratio Gross Profit Margin (%) 11.4