merged structure and details for the Company subsidiary’s merger project in Philippines (known as “the Transaction”) which approved by EGM dated August 10, 2017 in consider to minimize potential tax risks

of 241 million baht, an increase of 111 million baht or 85% y-y and 26% q-q drove by auto loans business expansion. The Company also launched Motorcycle Big Bike Hire Purchase in September 2019, which

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...