Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018

environment of both the public and private sector remained weak, and private consumption, albeit growing steadily, slowed during the second half of the year. Meanwhile, the Thai economy in 2020 is expected to

ever-growing asset management business by, for example, relaxing several requirements. In so doing, appropriate investor protection is maintained, and more investment choices promoted.? Such amendments

quarters of 2016 and then decreased in the third quarter of 2016 but then turn back increasing continuously until the third quarter of 2017. Thus it will become more challenging for the global steel industry

Date Amount Average Price (baht) The methods of Acquisition/Disposition Remark KHON KAEN SUGAR INDUSTRY PUBLIC COMPANY LIMITED (KSL) Miss DUANGKAE CHINTHAMMIT Reporter Common Share 23/03/2020 50,000

บริษทั พาโตเคมอุีตสาหกรรม จ ากดั (มหาชน) PATO CHEMICAL INDUSTRY PUBLIC CO., LTD. Pato Building, 3388 New Petchburi Road, Bangkok 10310, Thailand Tel: (+662) 318-0360 Fax: (+662) 318-0367 E-mail

of 85% YoY and 6% QoQ while subscribers rose to 571,800 or a net addition of 50,600. Put more focus on convergence and EBITDA generation Given the growing fixed broadband and increasing popularity of

and 6-month period have advanced to Baht 187.6 and Baht 393.4 million, a 17.4% and 23.4% growth over same period of last year mainly caused by an increasing number of general patients at average of 15

from the change in defined benefit plan according to KBank’s employment policy which is not related to labor law, together with rising marketing expenses, our cost-to-income ratio stood at 45.02 percent

Department were 105 staff, increasing from last year which were 80 staff Selling expenses For the year ending 31 December 2018 and 2019, the Company’s selling expenses were 4.16 million Baht and 9.94 million