Company Limited 140/1 KHANJANAPISEK RD., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 ( “TRANSLATION” ) No. TG 024 / 2561 6 February 2018 Subject Schedule for the

, the growth in expenses was less pronounced than that of net total income. As a result, our cost to income ratio decreased to 41.07 percent compared to the previous quarter, which was still better than

governance, appropriate risk management and effective cost management. At the same time, we have focused on collaboration and synergy with other companies within KASIKORNBANK FINANCIAL CONGLOMERATE, Muang Thai

and environment – under good corporate governance, appropriate risk management and effective cost management. Prioritizing the development of technological solutions with the aim of becoming “Customers

Management Discussion and Analysis For the first quarter ended March 31, 2020 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd., Silom, Bangrak, Bangkok 10500 Thailand Tel 0

demand for cash flow of the Company in a timely manner without having to bear high operating costs in each month; (7.3) The request for the License return also reduces the high cost of interest because the

which will result in the decrease of expenses in the business operation of the Company, especially, the general and administrative expenses and cost of raw materials, making the Company’s operation to be

fee which receive from subsidiary company 3 Income before deducting the cost of hedging, once deducting those costs, net gain was Baht 56 million

Including selling agent fee which receive from subsidiary company 3 Income before deducting the cost of hedging, once deducting those costs, net gain was Baht 56 million

to the existing shareholders of the Company on a pro rata basis (Rights Offering), in a number of not exceeding 1,808,296,751 units), at no cost, and at an allocation ratio of 5 existing shares to 1