1 / 6 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the three-month period ended 30 September 2019

 paid during the quarter from the profits of 2016. In Q216 THB 805m final dividend of THB 1.00 per share was paid during the quarter from the profits of 2015. Financial Status The group currently has no

 applicable to each offshore subsidiary's base currency.  Payout Analysis No dividends were paid out during the quarter. Financial Status The group currently has no interest bearing debt.  Cash reserves and

million. Due to total revenues decreased of Baht 554.20 million mainly from brokerage fees decreased of Baht 282.56 million, Gain and return on financial instruments decreased of Baht 326.45 million and

. Financial Status The group currently has no interest bearing debt. Cash reserves and financial investments at the 31st March 2019 were THB 8.5 billion down from 31st March 2018 were THB 9.8 billion. Asset

 the quarter from the profits of 2017. Financial Status Cash reserves and financial investments at the 30th June 2019 were THB 8.2 billion down THB 1.2 billion from 30th June 2018 at THB 9.4 billion

 to each offshore subsidiary's base currency.  Payout Analysis No dividends were paid in Q118 or Q117. Financial Status The group currently has no interest bearing debt.  Cash reserves and financial

 of THB 1.00 per share was paid during the quarter from the profits of 2016. Financial Status The group currently has no interest bearing debt.  Cash reserves and financial investments at the 30th June

applicable to each offshore subsidiary's base currency. Payout Analysis No dividends were paid out during the quarter. Financial Status Net Cash reserves and financial investments at the 30th September 2019

respective rate applicable to each offshore subsidiary's base currency. Payout Analysis No dividends were paid in Q120 or Q119. Financial Status Net Cash reserves and financial investments were THB 9.4 billion