IDH-AC-000-อส6305/04.00 11 May 2020 Re: Management Discussion and Analysis Operating results for the three-month period ended 31 March 2020 To: President The Stock Exchange of Thailand Overview of

Forum Deputies’ Meeting to follow up on the progress of ACMF Working Groups, which facilitate cooperation among key regional organizations in developing regional capital markets linkage and

developments included the setting up of a Fintech working group and the SEC announcement of support and participation in such activity along with other GEMC members.   SEC Secretary-General Ruenvadee

. Moreover, other operating expenses increased by Baht 4,381 million or 6.41 percent, especially from branding campaigns and marketing activities in line with KBank’s business direction. As a result, the cost

payment as follows: (1) To acknowledge the interim dividend payment from the Company’s operating results during the first half of the fiscal year ended March 31, 2018 which was made on March 9, 2018 in the

operating results in the Quarter ’. Thai’s economy has trend to growing lower continuously, Especially Service & Travel business which loss a lot of travellers in this year from Coronavirus disease (COVID-19

measurements from various sectors both domestic and international and lessening of the global lockdown and international travel restrictions. Business Overview For the operating result in 2Q2020, the total

21.8% 5.5% 2.6% Service & Administrative expenses (59.91) -8.4% (86.99) -10.5% (66.14) -7.9% -24.0% 10.4% Operating profit 119.28 16.7% 87.32 10.5% 117.67 14.0% 34.8% -1.4% Other income 44.82 6.3% 59.08

% Gross profit 183.81 21.8% 166.35 20.3% 169.29 21.2% 1.8% -7.9% Service & Administrative expenses (66.14) -7.9% (56.57) -6.9% (53.62) -6.7% -5.2% -18.9% Operating profit 117.67 14.0% 109.78 13.4% 115.67

Disposal”). By calculating on a Net Operating Profit basis after tax deduction, the highest transaction size is 33.63 percent of the Value of the Net Profit of the Company according to the consolidated