Management Discussion & Analysis 2022 1 I 9 Branches upcountry 86% Bangkok and vicinity 14% Revenue structure categorized by business groups (Unit : Million Baht) 2021 2022 Increase (Decrease) %YoY Amount

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained

hence the Company needs to disclose information to the Stock Exchange of Thailand and notify its shareholders by letter within 21 days from the date disclose information to the Stock Exchange of Thailand

information within a specified period and suspend the approval of the issuance of the bonds, or suspend the offer for sale of the bonds until clarification has been 7 given or correction has been made, and if

or investing in capital market product whether or not the analysis is fundamental or technical, in conjunction with such consultation. “ fundamental analysis ” means an analysis to seek an appropriate

objection within five business days from the date when it received such advertisement, it shall be deemed that the securities company has been granted an approval from the Office to make such advertisement

the securities company has submitted the contents of an advertisement to the Office, and the Office does not make an objection within five business days from the date when it received such advertisement

return, except for estimated return specified in Clause 9; (3) information that urges investors to purchase investment units within a certain timeframe or by a certain time, except for the advertisement of

that urges investors to purchase investment units within a certain timeframe or by a certain time, except for the advertisement of retirement mutual fund and long-term equity fund that urge investors to

obtain prior approval in accordance with Clause 19. In cases where the securities company has submitted the contents of an advertisement to the Office, and the Office does not make an objection within five