the Notification of the Capital Market Supervisory Board Tor Chor 21/2551 Re: Rules of Connected Transaction. Moreover, after calculating the size of the acquisition of assets, it is not required to

Company as of 30 September 2019, compared to the statement of financial position as of 31 - 7 - December 2018, the balance of total assets which were Baht 2,635 million and Baht 2,553 million, respectively

THB 40.23 million, causing from consulting fee for accounting, legal, roadshow and press conferences to investors approximately THB 8.52 million, allowance for impairment loss on hotel assets of THB

million, causing from consulting fee for accounting, legal, roadshow and press conferences to investors approximately THB 8.52 million, allowance for impairment loss on hotel assets of THB 11.56 million

% Reversal of Impairment of Assets -3.6 -0.4% 0.2 0.0% 3.8 105.6% Profit from Dispose Investment in 0 0.0% 27.3 2.9% 27.3 n.a. Management Discussion and Analysis (MD&A) for 2019 Page 2/5 2018 2019 YoY Mio

31 December 2019, BAM has Total assets of Baht 115,789.67 million) In 2019, BAM foresees the economic growth to be maintained at low level and that there will be an ample supply of NPLs and NPAs coming

89.90 103.20 114.79 Current investment 201.40 469.99 (268.59) (57.15) Inventories 367.01 362.30 4.71 1.30 Property, plant and equipment 755.63 616.83 138.80 22.50 Other assets 47.92 51.96 (4.04) (7.78

million. While the long- term assets are still in the same range as at the end of the last year, which is mainly resulted from: 1. A decreased of cash and cash equivalents in the amount of THB 56. 5 million

include the flood conditions which hinder agricultural production and cause damages in household assets in the affected areas. Political development, especially preparation for an election according to the

transaction size is 0.19 of the Company’s net tangible assets calculated from the latest financial statement ended on 30 June 2017. The transaction size is more than 0.03 but does not exceed 3 percent of the