the 16th of January 2020 onwards. March The Thai Government declared an Emergency Situation in all areas of the Kingdom of Thailand due to the outbreak of the COVID-19. Management outlook and future

% 1,856 -80% 1,112 4,009 -72% Basic earnings per share (Baht) 0.27 0.38 1.35 0.81 2.91 Note: 1/ EBITDA from Refinery Business of the Company, BCP Trading Pte. Ltd. and share of profit from associated

quarter last year. Meanwhile, imports of Hot Rolled Steel decreased by 14% and Domestic Production increased on 11.5% compared to same period last year. To regain the market share and reduce imports, the

owners of the Company (1,911) (4,661) 59% 528 -462% (6,571) 742 -986% Earnings per share (Baht) (1.50) (3.49) 0.38 (5.02) 0.54 Note: 1/ EBITDA from Refinery Business of the Company, BCP Trading Pte. Ltd

morandum of gards, the Exe mittee and/or emorandum o e any necessa ved to propos e of registere ht 803,155,21 mber of 267,7 morandum of A olutions of the rdinary Gene he Purpose o f Thailand eport Form (F

attributable to owners of the Company 2,412 2,084 993 -59% -52% 2,681 3,076 15% Basic earnings per share (Baht) 1.75 1.51 0.72 1.95 2.23 Note: 1/ EBITDA from Refinery Business of the Company, BCP Trading Pte

Rnj, (Translation) MD. 036/2020 February 26, 2020 Re: Management Discussion and Analysis For the Year Ended December 31, 2019 To: President The Stock Exchange of Thailand Management Discussion and

32 MDA Q3 60 EN -Translation- No. ECF2 077/2017 November 14, 2017 Subject: Management Discussion and Analysis of the 3rd quarter ended September 30, 2017 To President The Stock Exchange of Thailand

Ref. PDI/BK-BS-050/2019 9th August 2019 Re: Management Discussion and Analysis (MD&A) For the three-month and six-month periods ended June 30, 2019 To: President The Stock Exchange of Thailand PDI

, holding the largest market share in new business premiums. All of the above endeavors and satisfactory operating performance, together with sound corporate governance, allowed KBank and K Companies to meet