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

of digital technology, which has shaped a new trend of consumption amid intensified borderless business competition via digital channel. To brace for these numerous challenges, KBank prioritizes the

market competition - The company has cost of sales of 2,371.31 million baht or 83.87% of sales compared to the same period of 2018 which has cost of sales 2,811.00 million baht or 87.73 of sales due to

, due to intensified market competition on restaurant business. 2. The Company’s cost of goods sold in the 2nd quarter of 2019 was Baht 157.76 million, decreased by Baht 27.31 million, or 14.75% from the

same level as the previous year. - Profit before income tax expenses was down by 32% from 59.7 mil. baht to 40.3 mil. baht mainly due to eroding gross profit from Chemicals business as competition

2018, due to intensified market competition on restaurant business. 2. The Company’s cost of goods sold in the 3rd quarter of 2019 was Baht 163.54 million, decreased by Baht 9.35 million, or 5% from the

market competition on restaurant business and result of decreasing in number of branchs. 2. The Company’s cost of goods sold in the year of 2019 was Baht 654.40 million, decreased by Baht 59.48 million, or

decrease in sales revenue is due to the economic slowdown and increasingly fierce competition. However, if comparing sales revenue in 2024 between Q1/2024 and Q2/2024 the value was 486.50 million baht and

would show a bigger picture of their contribution, in terms of work time, productivity and otherwise, to their respective work, and whether their multiple employments are likely to raise competition or

, and to increase intermediaries? flexibility and efficiency in providing investment services conducive to fair competition with foreign counterparts.The hearing covers draft rules on provision of