PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result for the Fiscal Year Ended December 31, 2019 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

Thailand We, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 3 Year 2019 Ended September 30, 2019 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s

could be attributed to a decrease of Baht 221 million, or 2.08 percent in impairment loss on loans and debt securities and an increase of Baht 835 million, or 2.13 percent in net operating income which

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 2 Year 2019 Ended June 30, 2019 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

Chinese companies. On the other hand, to monetize our largest mobile customer access, AIS has established an insurance broker company to be a point of online insurance sale and utilized Rabbit LINE Pay as a

time, we have focused on collaboration and synergy with other companies within KASIKORNBANK FINANCIAL CONGLOMERATE, Muang Thai Life Assurance Public Company Limited and our business partners, for service

the Revenue Department’ s challenge for the company to pay the withholding tax on revenue sharing ( see Note 20 on Contingent Liabilities). Net FX gain was Bt12mn, compared to Bt41mn in 3Q17 and Bt106mn

or may cause a significant decrease in the value of the ordinary shares of the Business; or Tender Offer for Securities of Glow Energy Public Company Limited Form 247-4 Part 1 Page 5 9.3 any act

Thailand Kiatnakin Bank Public Company Limited (“the Bank” or “KK”) submits the Management Discussion and Analysis (MD&A) report for the third quarter ended September 30, 2017 comparing operating performance