in the amount of 40.95% when compared to the year 2018. Most of expenses are fees from issuing letter of guarantee. In year 2019, the Company still has been unable to obtain the financial support from

2019 there is a mortgage of land to guarantee the project - Administrative expenses for the first quarter of 2020 reduced by 30.10% due to the customs department expenses in the first quarter of 2019 is

investment in the past 6 months. Source of Fund for Investment - Loan from bank in the amount of 75 million baht - Standby Letter of Credit of 2.112 million US dollars for one year to guarantee the last

son of Mr. Vannnivat Srikraivin, SCAN director, the B155.45 million purchase of DEVA development Plc. (DEVA) shares, and the loan guarantee agreements in favor of DEVA and Mrs. Churairat in the amount

% Insurance income 35.1 - 0.0% 67.7 - 0.0% Total Revenues 2,995.3 3,070.1 -2.4% 9,291.8 9,054.6 2.6% Cost of sales 1,861.0 2,150.2 -13.4% 6,019.8 6,343.8 -5.1% Cost of services 198.0 164.7 20.2% 575.2 442.7

No.SN.LK.62/11.0001 November 7, 2019 Subject: Management Discussion and Analysis Quarter 3 ending 30 September 2019 Attention: The President The Stock Exchange of Thailand Indara Insurance Public

818.1 707.7 15.6% 2,294.5 1,881.6 21.9% Rental and service income 132.2 151.4 -12.7% 423.2 467.4 -9.4% Insurance income 71.2 35.1 102.7% 153.6 67.7 126.9% Total Revenues 2,672.7 2,995.3 -10.8% 8,072.0

Company’s beverage facilities at Navanakorn Industrial Estate. The loss was fully covered by Insurance claim from both property damaged in assets and business interruptions. In March 2020, the value of the

insurance 45.1 66.4 47.2% 82.4 137.8 67.2% Total income 591.8 762.4 28.8% 1,144.3 1,526.8 33.4% Cost of service 229.2 209.8 -8.5% 426.4 426.4 0.0% Underwriting expenses 59.6 51.3 -13.9% 92.2 110.8 20.1% Gross

version 246012302107-2 XPG THE VIRIYAH INSURANCE PUBLIC COMPANY LIMITED Acquisition Stock 0 9.38 9.38 16/07/2021 0 0 0   246012262107-1 ZMICO Mr. Suthep Wongvorazate Disposition Stock 6.0469 6.0469 0 10/02