acquired businesses/ assets is a combination of business and assets carved out from the Seller’s total businesses. 2. The net profits (Net operating profit of the assets/ business being acquired) X

P#$ 2: &' ! FIBV + %')'#+"#$./+!#[/+(#$P % #$ :International Federation of Stock Exchanges' (FIBV) annual report, 2005 )+!C!C#S#$O*&%./+O.'* + % (#O #LO! (operating profit) .'O#[ (net income

Bank and its Subsidiaries Million Baht Item Quarter Change (%) 1/2019 4/2018 1/2018 4/2018 1/2018 Net profit * 9,028 8,101 9,005 11.4% 0.3% Earnings per share (Baht) 4.73 4.24 4.72 11.4% 0.3% Net

core service revenue for 2021, a growth of 1.1% YoY. EBITDA increased by 2.2% to Bt91,408mn. With ongoing network investment and unrealized foreign exchange loss, reported net profit was Bt26,922mn

million. After the IPO, the short term and long term loans were paid off. Hence, there is no incurring interest expense in Q4/2017. Net Profit For Q3/2016 and 2017, the net profits were Baht 33.81 million

with net profit rising by 7.8 percent from the same quarter last year and 6.6 percent from the previous quarter. As of June 30, 2019, loans grew at a lower rate than deposits, with the ratio of loans to

improvement from 0.55 times at the end of last year. Current ratio as at the same date and period stood at 2.47 times SIGNIFICANT EVENTS 7 January 2019: Vienna International Hotelmanagement AG (VI) acquired 100

aforementioned capital increase last quarter SIGNIFICANT EVENTS 10 May 2018: Creating a foundation for Vienna House Expansion in Thailand. Vienna International Hotelmanagement AG (Vienna House) acquired shares in

) Management’s Discussion and Analysis | 2 Executive Summary In 2017, palm oil production in domestic and international market had improved since recovery from drought causing by El Nino effect in 2016. As palm

EBITDA 612 1,062 Net Profit (Loss) (836) 990 HR C HRC Sales (k tons) 1,447 812 HRC Production Volume (k tons) 1,436 876 HRC Average Selling Price (THB./ton) 20,663 18,690 HRC Cash Margin (THB./Ton) 854