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

% 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

represent the Company's acquisition of assets 01/04/2021 19:15 Rabbit Cash Company Limited as a subsidiary of the Company 04/03/2021 17:31 Subsidiary acquired the entire shares of Asia Direct Insurance Broker

of unit-linked insurance policies. He did not deliver the money to the company and spent the money for his own interest instead. As a result, the clients’ insurance policies and the protection

nine months, PET has faced considerable secondary raw material price increase from Isophthalic Ac- id (IPA) impacting 2Q17 PET segment by $13 per ton on YoY basis. Since IPA is a secondary feedstock, it

be complet ed based on the remaining period of the contract that appeared in intangible assets by using straight-line method with estimated useful life of 5 to 31 years. Meanwhile, goodwill will not be

water, Chilled water, Nitrogen and Others Unit: Million Baht Unit: Million Baht Natural gas(IPP) Natural gas (SPP+VSPP) Other raw materials Coal Maintenance costs Others Comparing Q3/2019 vs Q2/2019

factors that continued to occur since the previous year, such as the production of new high-technology products, an increase in the cost of goods sold resulting from a continuously high cost of raw