....................................คน 2. Total number of employees at the end of the period............................persons แบ่งเป็นพนักงานและลูกจ้างชาวต่างประเทศ...............................คน

previous year, the net profit of the Corporate Group for the 1st quarter 2020 increased by 1.56 percent. Details of the changes or impacts are described in the Management Discussion and Analysis (MD&A) as

management companies, investment unit brokerage companies; directors of the Thai BMA; directors of inter-dealer brokers (IDB); 2. Fund managers, derivatives fund managers, property fund managers

Company and its subsidiary will not change its Board of Directors. The group companies continue to be operated by current Board of Directors and Management. 2. The Board of Directors approved the

will not change its Board of Directors. The group companies continue to be operated by current Board of Directors and Management. 2. The Board of Directors approved the appointment of Silom Advisory

Corporate Group for the 9-month period would be Baht 446.70 million or an increase of 33.26 percent. Details of the changes or impacts are described in the Management Discussion and Analysis (MD&A) as

Page 1 of 11 - Translation - Ref. WINNER 0029/2019 November 14, 2019 Re Management Discussion and Analysis (MD & A) for Q3/2019 period and for the nine-month ended September 30, 2019 To The President

Dusit Thani PLC Management Discussion and Analysis For 1Q19 P a g e | 1 Executive Summary In 1Q19, the Company reported net profit of THB 1 million, a decrease of 99.6% from the same period last year

Management Company Limited (“DISCOVER”) as an Independent Financial Advisor (IFA) which has been approved by the Securities and Exchange Commission and the Stock Exchange of Thailand Please be informed

Operating Results 1. Organizational structure and operation of the group of companies 3 2. Risk management 12 3. Business sustainability development 13 4. Management discussion and analysis (MD&A) 17 5