1 (Translation) MD. 134/2019 August 7, 2019 Re: Management Discussion and Analysis For the Operating Results ended June 30, 2019 To: President The Stock Exchange of Thailand Management Discussion and

1 (Translation) MD. 155/2018 November 14, 2018 Re: Management Discussion and Analysis For the Operating Results ended September 30, 2018 To: President The Stock Exchange of Thailand Management

from (used in) operating activities 46 107 -57% Cash paid from business combination - - - Cash paid for increased investments in joint ventures 0 (10) +100% Acquisition of property, plant and equipment

percent, due to decreases in other expenses and personnel expenses while premises and equipment expenses increased, mainly from technology investments. Portion of Operating Expenses Personnel expenses

coronavirus (COVID-19). Table: Other Operating Expenses (Unit: Million Baht) Items Quarter Variance 1/2020 1/2019 Amount (%YoY) Employees' expenses 362.6 401.6 (39.0) (9.7) Premises and equipment expenses 186.8

dividend income and gains on tradings and foreign exchange transactions increased. Operating expenses rose by Baht 782 million from higher premises and equipment expenses. Impairment loss of loans and debt

2018, MACO’s Board of Directors resolved to approve the cash dividend payment from the operating results of 2H 2017 at THB 0.018 per share (a total of THB 62mn) to the shareholders of the Company whose

% Inventories 1,009 1,044 -3% Other current assets 184 180 +2% Total current assets 1,948 2,106 -8% Property, plant and equipment 2,136 2,071 +3% Goodwill 244 - - Investments in joint venture 52 53 -2% Other non

2020 To : The President The Stock Exchange of Thailand Bangkok Chain Hospital Public Company Limited (the “Company”) would like to report the operating results for the first quarter ended 31 March 2020

ANALYSIS (THB mn) 1Q 2020 1Q 2019 % YoY 4Q 2019 % QoQ Operating revenues 1,486.6 1,347.6 10.3% 2,205.3 (32.6%) Other revenues 505.8 114.3 343% 1,903.8 (73.4%) Total Revenue 1,992.4 1,461.9 36.3% 4,109.1