May 2026, with the objective of enhancing overall organizational risk management capabilities.

environment, including business conditions and the overall workforce outlook for 2025, as well as proposals to reduce operational obstacles faced by market participants. In addition, the SEC communicated its

March 31, 2020 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For three months ended March 31, 2020 Overall Group Performance Table

Asian central banks reduced their policy rates continuously. Looking domestically, Thailand’s economic activity in many sectors declined in line with the overall global economy. The tourism sector in

June 30, 2020 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For six months ended June 30, 2020 Overall Group Performance Table 1

to accept the right under the Strategic Partnership Agreement between the Company and Hemaraj Land and Development Public Company Limited (“Hemaraj”) to conduct the business of distribution and retail

governamental policy; (3) the offer for sale of the debt securities may have a negative impact on the credibility of the overall Thai capital market; (4) the offer for sale of the debt securities may cause damage

greater market share. KASIKORN ASSET MANAGEMENT CO., LTD. remained at the top of the mutual fund business. KASIKORN LEASING CO., LTD. saw satisfactory lending business volume in line with the overall

operate the project and has profit as agreed during the period of agreement after Phase 2-4 start to operate water distribution. HECH would purchase more GS’s share in the future from exisiting shareholder

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due