management’ discussion and analysis for the 1st quarter in 2020, ended March 31st, 2020 as per herebelow : 3-Month Period Ended March 31st Change 2020 2019 % MB MB Sales Revenue 97.13 84.93 14.36 Total Revenue

greater market share. KASIKORN ASSET MANAGEMENT CO., LTD. remained at the top of the mutual fund business. KASIKORN LEASING CO., LTD. saw satisfactory lending business volume in line with the overall

service and OEM and sale through head office Company 4.71 1.41 2.15 0.74 119.07 Total sales 330.16 98.87 288.62 99.50 14.39 Other revenues 3.78 1.13 1.44 0.50 162.50 Total revenues 333.94 100.0 290.06 100.0

from sale of electricity in the amount of THB 111.49 million and THB 121.69 million, accounted for 43.32% and 47.29% of total revenue respectively. 2020 2019 MB % 234.63 345.89 (111.25) -32.16% Other

for the Group increased as the increased in number of staff and management to support Testing and Inspection service business, especially in eastern region, together with the increased in training and

-63.31 10.39 -65.55 -20.34 -31.26 10.92/1 -34.93 Note /1 Net loss increased compared to the same quarter of prior year by Baht 10.92 million or equivalent to 34.93% /2 The previous branches total 20

based on a total value of consideration paid basis, calculated from the audited consolidated financial statements of the Company for the year ended 31 December 2017. In the previous 6- month period, the

fourth quarter of 2019, the net profit of the Company and its subsidiary was 481.66 million baht. The total income was 1,078.46 million baht, financial cost was 263.72 million baht, the selling and

contractual remuneration of USD 200,000 per year, approximately THB 6,284,740 per year, representing 0.22% of the net tangible asset (Net Tangible Asset : NTA) as of December 31th, 2018. Besides, the total

remuneration of USD 150,000 per year, approximately THB 5,024,805 per year, representing 0.19% of the net tangible asset (Net Tangible Asset : NTA) as of June 30th, 2018. Besides, the total value of the