provincial budgets. Meanwhile, private investment contracted in the investment in construction while investment in machinery and equipment still expanded as exhibited by the increased in domestic equipment

2018. A summary of the Company’s operating performance in 2019 and 2018 is shown in the following table: FY2019 FY2018 % Change FY2017 % Change [Amount in Baht Million] Y-o-Y Y-o-Y [2019 VS. 2018] [2018

December 2016 Change Reason Liquidity Ratio (x) 7.88 8.56 (0.68) The decreases were attributable to the redemption of partial investment to support the expanding of Company’s business and dividend payment

School Name: สารสาสน์วิเทศศึกษา (Translation) Re: BOD.SET 003/2562 February 26, 2019 Subject: Clarification on the Change in operating results for the twelve month ended December 31, 2018 over 20

products and policies to serve the business needs. A rich ESG data environment enhances investment analysis, effective ESG risk measurement, and heightens transparency for monitoring business conduct.3

discontinuation, change to the nature of business, agreement of management control by a third party, business takeover, or any other incidents affecting or to affect the rights and benefits or investment decision

of 2019. Exports, tourism and private investment – among major economic activities – were hampered by the worse-than-expected global economic slowdown. Meanwhile, consumers’ purchasing power weakened

in fee income from loan-related services, while fee income from the securities business and investment banking services increased. Million Baht Item Quarter Change (%) 1/2020 4/2019 1/2019 4/2019 1

Nation U Co., Ltd., the subsidiary of the Company, and change in the accounting policy regarding the record of the land valuation To: Director and Manager The Stock Exchange of Thailand (SET) Attachment

Change MB % Cash and cash equivalents 99.13 89.90 9.23 10.27 Current investment 302.06 469.99 (167.93) (35.73) Inventories 375.91 362.30 13.61 3.76 Property, plant and equipment 759.04 616.83 142.21 23.05