) 25. Retained earnings (deficits) arising from risk prevention equipment with directly recognition to the owner’s equity 26. retained earnings (deficits) 26.1 Appropriated 26.1.1 legal reserve 26.1.2

LIMITED ORN: ORNSIRIN HOLDING PUBLIC COMPANY LIMITED PCC: Precise Corporation Public Company Limited PEER: PEER FOR YOU PUBLIC COMPANY LIMITED PERM: PERMSIN STEEL WORKS PUBLIC COMPANY LIMITED PIMO: PIONEER

จำกัด (มหาชน) ORN: บริษัท อรสิริน โฮลดิ้ง จํากัด (มหาชน) PCC: Precise Corporation Public Company Limited PEER: PEER FOR YOU PUBLIC COMPANY LIMITED PERM: PERMSIN STEEL WORKS PUBLIC COMPANY LIMITED PIMO

targets, while we also gained wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in 2019. C Contents Page Executive Summary A 1. Overview of Operating

business targets as we gained wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in 2017. Under our redefined strategies for the next three years, KBank

corporate governance, allowed KBank and K Companies to meet business targets as we gained wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in 2018. C

% Normalized net profit (Bt mn) 1Q16 4Q16 1Q17 %YoY %QoQ Net profit for the period 8,073 6,468 7,693 -4.7% 19% Recognition of USO fee (after tax) 1,767 - - - - Recognition of deferred tax assets (919

were THB 218.0 mm and THB 493.9 mm, which decreased by THB 20.1 mm and THB 0.1 mm from the same period of previous year, respectively, due to not having revenue recognition of the assets which’ve sold to

services such as parties, wedding receptions, restaurants or any events • Pop-up store sales in various locations Catering / Pop-up 3 1 Franchise Fee Income 4 • Revenue recognition of initial franchise fee

decrease in revenue from sales while overall expenses increased. • Net profit margin in 1H/2021 decreased by 1.4% from 1H/2020 mainly due to the decrease in revenue from sales and the recognition of net loss