Management Discussion and Analysis For the first quarter ended March 31, 2018 Kiatnakin Bank Public Company Limited Investor Relations Email: investor_relations@kiatnakin.co.th Tel. +66-2841-5925

30.00M and return loan from UOB Baht 12.00M. The equity’s shareholder was lower than last year at 1.69% due operating loss this previous. - Came from invested on Sahaphat Amorn Company Limited for develop

personal loan at Baht 30.00M and return loan from UOB Baht 12.00M. The equity’s shareholder was lower than last year at 1.69% due operating loss this previous. - Came from invested on Sahaphat Amorn Company

by Baht 12.80 million, the Company paid for the liabilities under financial lease agreements. - Long-term loan increased Baht 70.68 million, because the Company have paid Baht 17.38 million for the

been steadily increased in recent years which result to the strict in granting a loan to the borrower from many financial institutions. Majority of the company’ income from real estate business in 2019

lease agreements. - Long-term loan decreased Baht 36.53 million, because the Company have paid for the loan. - Other liabilities consisted of bank overdrafts, deferred tax liabilities, employee benefit

Management Discussion and Analysis For the third quarter and nine-month ended September 30, 2019 (Unreviewed) Kiatnakin Bank Public Company Limited Investor Relations Email: investor_relations

Management Discussion and Analysis For the third quarter and nine-month ended September 30, 2019 Kiatnakin Bank Public Company Limited Investor Relations Email: investor_relations@kiatnakin.co.th Tel

to pay down on the bank overdrafts and short-term loan outstanding in March 2017. For the three-month period financial statement ended September 30, 2017, the Company recorded lower Administrative

Public Company Limited (“GSTEL”), the Company’s shareholder which hold direct and indirect 18.97% of paid-up capital of the Company. The Company had granted unsecured short-term loan of the principle