To : President The Stock Exchange of Thailand K. W. Metal Work Public Company Limited (the “Company”) would like to submit management discussion and analysis for the three month-period and six month

วันที่ 25 กุมภาพันธ์ 2558 November 10, 2017 Subject: Management’s Discussion and Analysis for the 9 months period ended September 30, 2017 Attention: Director and Manager The Stock Exchange of

, the Company had services income from advertising of THB 0.16 million, increased by THB 0.10 million or +179.54% YoY, as clients in property development sector increased their media spending. In addition

23.6% YoY to THB 343mn  Full-quarter recognition of ‘International Advertising’  Recognised net loss from non-recurring expenses of THB 180mn from impairment of assets, loss on disposal/ write-off of

management companies, investment unit brokerage companies; directors of the Thai BMA; directors of inter-dealer brokers (IDB); 2. Fund managers, derivatives fund managers, property fund managers

right-of-use assets for the accounting period. • Land, Property and Equipment decreased by THB 8 million mainly due to the recognition of depreciation on assets that are higher than assets purchased

1 Ref FN. 026/2019 Management Discussion and Analysis For operation of the first quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

% Net Profit (Loss) Margin 1 (%) (5.1%) 14.5% 19.6% 1.3% 11.3% 10.0% Number of branches as at December 31 40 43 7.5% 40 43 7.5% • After You Public Company Limited (“the Company”) reported consolidated

in alternative assets such as infrastructure fund/ REITS/ property fund/ commodity/ gold/ oil and so forth with the fiscal annual average of not less than 80% of the NAV. ▪ In case of the fund with a

- ร่าง - 1 February 11, 2020 Subject Management Discussion and Analysis for the periods of three months and nine months ended 31st December 2019 To President of the Stock Exchange of Thailand