risk factors that are specific to the issuer and its industry and had materially affected or could materially affect, directly or indirectly, the issuer’s financial position and results and business

outbreak. In 1Q20, overall economy was largely affected by the coronavirus disease (COVID- 19) outbreak globally, including the Thai economy, resulting a deep economic deceleration throughout the year. Thai

still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline

to the issuer and its industry and had materially affected or could materially affect, directly or indirectly, the issuer’s financial position and results and business operations, and investments by

FACTORS 1. The registration statement shall prominently disclose risk factors that are specific to the issuer and its industry and had materially affected or could materially affect, directly or indirectly

in next quarter. These factors influenced assets to net increase as mentioned above. Management's Discussion and Analysis and operating results for the Quarter 2/2017 Page 6 / 7 . Liabilities Overall

. III. RISK FACTORS 1. The prospectus shall prominently disclose risk factors that are specific to the issuer and its industry and had materially affected or could materially affect, directly or

durable goods. The Thai economy hence showed ongoing improvement from the first quarter. Nonetheless, the economic expansion, which was still limited and uneven, affected the performance of KBank and our

amid high household debt, whereas public investment and the government’s budget disbursement were affected by a delay in the formation of a new government. Nevertheless, economic stability remained sound

interest income is also expected to maintain positive momentum in the final quarter of this year, which would somewhat cushion the negative impact of reduced online transaction fees which have affected non