, the joint operating strategy was considered an important part that the subsidiaries and associates could generate profits from the operating result. The details of the development and the direction of

2.1 Credit Risk Management 5 2.2 Market Risk Management 5 2.3 Liquidity Risk Management 6 3. Business Directions and Operations of Core Businesses 7 3.1 Sustainable Development and Corporate Governance

 Digital Risk Management 18  Strategic Risk Management 19 3. Business Directions and Operations of Core Businesses 21 3.1 Sustainable Development and Corporate Governance 21 3.2 Business Directions of

6 3.1 Sustainable Development and Corporate Governance 6 3.2 Business Directions of KASIKORNBANK and the Wholly-owned Subsidiaries of KASIKORNBANK 7 3.3 Customer Segments and Services 8 3.4 Service

;  Type 3 telecommunication business annual license fee  Spectrum administrative fee  Telecommunication numbering fee  Revenue contribution to Broadcasting and Telecommunication Research and Development

and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 Raw water costs 47% Tap water costs 37% Rental and services

concession agreements for tap water according to accounting standard TFRIC12 EBITDA (MB) For the three-month period For the six-month period Q2/2017 Q2/2018 YoY % 1H/2017 1H/2018 YoY % Operating profit 470.62

according to accounting standard TFRIC12 EBITDA (MB) For the three-month period For the nine-month period Q3/2017 Q3/2018 YoY % 9M/2017 9M/2018 YoY % Operating profit 412.15 421.06 8.90 2.16% 1,366.98

the business plan. CPN continues to emphasize on effective revenue generation through new shopping malls, enhancement of existing malls, new mixed-use development projects, such as residential

disposal The Company has a policy to develop the land owned by Prime-A as a premium standard condominium project, since the location of the project is within close proximity to Thonglor BTS station. The