The Securities and Exchange Commission (SEC), in collaboration with the Bank of Thailand (BOT), the Office of Insurance Commission (OIC) and the Thai Bankers’ Association, organized the Financial

The Securities and Exchange Commission (SEC), in collaboration with the Bank of Thailand (BOT), the Office of Insurance Commission (OIC), and the Thai Bankers’ Association (TBA), organized an

Mr.Chai Sophonpanich Mr.Chai Sophonpanich (“Mr.Chai”) , then chairman and chief executive officer of Bangkok Insurance Public Company Limited ("BKI"), proposed a dividend payment plan for

issue of decreasing capital adequacy ratio below the requirement specified under the Insurance Law. He obtained the material non-public information by virtue of his positions before such information

Bank Plc.** 4,679,400 3.90 7. I.D.F. Co., Ltd. 4,492,000 3.74 8. Sariraporn Co., Ltd. 2,618,940 2.18 9. Bangkok Life Assurance Plc.** 1,696,500 1.41 10. Thanulux Plc.** 1,670,200 1.39 Top 10 major

projection based on actuarial science method for employee benefits program of Baht 5.90 million, but there was a dividend payment of Baht 170.63 million, resulting in an increase in share book value from Baht

Baht 474.14 million and gain projection based on actuarial science method for employee benefits program of Baht 5.90 million, but there was a dividend payment of Baht 360.22 million, resulting in an

% 691.7 867.7 176.1 25.5% Revenues from Insurance 32.6 45.1 12.5 38.5% 32.6 82.4 49.8 152.9% Total Revenues 449.0 586.1 137.1 30.5% 849.1 1,132.9 283.8 33.4% Cost of services (155.9) (229.2) (73.3) 47.0

collection of purchased accounts receivables 322.7 350.7 8.7% 532.0 691.7 30.0% Revenues from Insurance - 32.6 - 32.6 Total Revenues 379.3 449.0 18.4% 651.2 849.1 30.4% Cost of services (144.4) (155.9) 8.0

No. SN.LK.63.05.0006 May 14,2020 Subject Management Discussion and Analysis Quarter 1 Ending 31 March 2020 To The President The Stock Exchange of Thailand Indara Insurance Public Company Limited