. Land owner and property development 10.00 100,000 100.00 100.00 11 Ordinary shares of Thana City Golf and Sports club Co., Ltd. Golf course and sports club 20.00 200,000 100.00 100.00 12 Ordinary shares

insurance companies increased. This was due to more utilization of insurance patients. Total liabilities as of 31 December 2019 decreased considerably. Loan from banks were paid- off from the company’s

enterprise sector, expanding the scope of services and customers in the Private sector have continued growth for both new customers and current customers that expand the scope of services in the insurance

customers that expand the scope of services in the insurance business using inbound service and retail business. 2.2 Revenue from Contact Center Facility Outsourced for the three-month period was THB 2.0

with for a long time and is rendering great impact on the global ecosystem. This will have an impact on the quality of life of human and the environment. However, plastics will be greatly useful with

ASSET MANAGEMENT PUBLIC COMPANY LIMITED 03/04/2023 31/12/2025 91 MR. CHALERMRAT PANJAWATANAKUL /   08/01/2016 FWD LIFE INSURANCE PUBLIC COMPANY LIMITED 01/06/2022 31/12/2024 92 MR. CHAMRAS KUANHA /   17

% 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