from the change in defined benefit plan according to KBank’s employment policy which is not related to labor law, together with rising marketing expenses, our cost-to-income ratio stood at 45.02 percent

from 4.0 percent in 2017. Nominal GDP for the year totaled Baht 16.3 trillion (USD 500 billion). While domestic demand continued to be solid in 2018, the export and tourism sectors weakened in the second

-term employees benefit which is increased for 1.61 million baht caused by the change of severance pay rate for the termination of employment by the employer, the employee who has worked for an

1st quarter of 2021, as follows: Business Overview The Thai economy in the first quarter of 2021 was pressured by the domestic COVID-19 situation that impacted the country’s economic recovery momentum

recognize share of profits from Nava Nakorn Electricity Generating Company Limited (NNEG). Operating highlight in Q4/2017 and 2017 Q4/16 Q3/17 Q4/17 Change +/(-) 2016 2017 Change +/(-) (THB million) QoQ YoY

improve from spending in all categories, consistent with the expansion of manufacturing production in both domestic and export-related industries. Exports in the first three months have jumped 11.3% year on

: Consolidated Q4/ 2018 Q4/ 2017 Change Financial Statements (Million Baht) (%) (Million Baht) (%) (%) Revenue from Sales 1,462.7 100.0 % 1,525.8 100.0 % (4.1 %) Cost of Sales (1,031.2) (70.5 %) (1,044.8) (68.5

Baht) Separate financial statements 2018 2017 % Change Sales and Service Income 1,940.22 1,979.16 (1.97) Cost of Sales and Services 1,572.51 1,525.25 3.10 Selling and Administrative Expenses 218.91

) Separate financial statements 2019 2018 % Change Sales and Service Income 2,055.48 1,892.88 8.59 Cost of Sales and Services 1,647.83 1,572.51 4.79 Selling and Administrative Expenses 176.25 171.57 2.73

May 15, 2017 Subject : Operating Result Quarter 1 Ending March 31, 2017 To : The President The Stock Exchange of Thailand WICE Logistics Public Company Limited would like to clarify the change in