instruments such as long-term investments, which currently are measured at cost. The new reporting standard will instead require the valuation to be done at fair value and recognize gains or losses from changes

etc. This is to prevent exploitation of company benefit against the use for personal gains. 12.2 The company has a policy that a transaction must be approved by the person who has no personal interests

of duty performance to seek wrongful gains; (3) requiring the employees to notify the intermediary in the case where the employees and their connected persons have an account for trading capital market

7,380.9 35.2% Sales and service income 27,967.2 20,433.2 7,534.0 36.9% Gains on exchange rate 63.1 221.6 -158.5 -71.5% Other income 317.8 312.5 5.3 1.7% Cost of sales and services 24,776.6 18,224.8 6,551.9

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2019 In the first quarter of 2019, the Thai economy continued to sustain its growth. Overall, however, it was plagued by weak exports and tourism amid the global economic slowdown. Aside from these challenges, businesses had to contend with more complex competition, regulatory changes, and technological advancements which affected consumer behavior. KASIKORNBANK has e...

, leading to the launch of pioneering marketing campaigns. Distinguished efforts included sales of mooncakes of 16 famous brands via K PLUS, the Pay with K PLUS service or payment in Facebook that offered the

Business was in the low season; the monsoon season, resulting in lowered sales volume and marketing margin. However there were market share gains for the service station channel and the company was able to

achieve efficiency gains in the operations. Together with the planned revenue growth, the cost management initiatives should help the Company to continually improve its overall gross profit margin. Moreover

foreign exchange gains 1,245 35 3411% Gain from debt restructuring 749 - 100% Other incomes 128 109 17% Total income 28,739 21,920 31% Expenses Cost of sale - Cost of goods sold 24,776 20,371 22% - Idle

765 59 1198% Net foreign exchange gains 1,245 35 3411% Gain from debt restructuring 749 - 100% Other incomes 128 109 17% Total income 28,739 21,920 31% Expenses Cost of sale - Cost of goods sold 24,776