-1- AIT (VP-SEC) 016E/2021 August 10, 2021 Subject: Management's Discussion and Analysis of Operating Results for Q2-2021 To: The President of the Stock Exchange of Thailand Summary of Operations Q2

operating performance allowed KBank and K Companies to meet business targets while also gaining wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in this

/2020 Operating Results Overall operating results of the Company and its subsidiaries (unit: THB million) Q3/19 Q2/20 Q3/20 change +/(-) 9M/19 9M/20 Change +/(-) YoYYoY QoQ Operating revenue 19,227 18,138

(if known)) ( ) Subscription in excess of rights offering ( ) Exercise of conversion rights ( ) By way of inheritance ( X ) Other (please specify): Direct subscription of convertible debentures issued

(if known)) ( ) Subscription in excess of rights offering ( ✔) Exercise of conversion rights ( ) By way of inheritance ( ) Other (please specify): 2.2 ( ) Commencement of status of a concert party

(if known)) ( ) Subscription in excess of rights offering ( ) Exercise of conversion rights ( ) By way of inheritance ( √ ) Other (please specify): newly issued shares by the business 2.2

(if known)) ( ) Subscription in excess of rights offering ( ) Exercise of conversion rights ( ) By way of inheritance (✔) Other (please specify): Convertible Debenture (CD) 2.2 ( ) Commencement of

(if known)) ( ) Subscription in excess of rights offering ( ) Exercise of conversion rights ( ) By way of inheritance (✔) Other (please specify): Convertible Debenture (CD) 2.2 ( ) Commencement of

(if known)) ( ) Subscription in excess of rights offering ( ✔) Exercise of conversion rights ( ) By way of inheritance ( ) Other (please specify): 2.2 ( ) Commencement of status of a concert party

(if known)) ( ) Subscription in excess of rights offering ( ) Exercise of conversion rights ( ) By way of inheritance (✔) Other (please specify): Convertible Debenture (CD) 2.2 ( ) Commencement of