Translation CEN 001-2020 March 2, 2020 Subject Management Discussion and Analysis for business operation of year 2019 To The Manager and President The Stock Exchange of Thailand Business operation as
fund management; “ big retail investor ” means a person who will make an initial minimum subscription of 500,000 baht for investment units of a mutual fund; “ fund manager ” means a mutual fund manager
manager” means a mutual fund manager or a private fund manager who is responsible for making decisions regarding investments in or disposals of securities or other assets that are not immovable properties
) MRS. PRAWSANG THAMAPORN Authorized Director of Digital Asset Business Operator http://market.sec.or.th/public/orap/PersonProfile01.aspx?lang=en&personrunid=0000143489 MR. SEAN GORDON COMEAU Manager of
COMEAU Manager of Digital Asset Business Operator http://market.sec.or.th/public/orap/PersonProfile01.aspx?lang=en&personrunid=0000143488 MISS PRADTANAARALI MOHAMMAD AL QURAISH Manager of Digital Asset
%) (4.6 %) Gross Margin 432.7 30.5 % 371.3 26.5 % 16.5 % Distribution Costs (212.5) (15.0 %) (236.8) (16.9 %) (10.3 %) Administrative Expenses (120.5) (8.5 %) (101.9) (7.3 %) 18.3 % Profit before Income Tax