results based on its audited consolidated financial statements ended 31 December 2017 as follows. Management’s Discussion and Analysis The following Management's Discussion and Analysis should be read in

performance according to consolidated financial statement For the three-month period (April 1, 2019 – June 30, 2019) Unit : Million Baht 2019 2018 Revenue from sales and rendering of services (excluding fuel

Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Sales Revenue Net Profit Unit: Million Baht Page 2 3. Results of Operations and Profitability Consolidated (Unit: Million Baht) Q3/2018 Q3/2017 %YoY 9M/2018 9M/2017 %YoY

East Coast Furnitech Public Company Limited (“the Company”) would like to report on Management Discussion and Analysis from the Separate and Consolidated Financial Statements of the 1st quarter ended 31

2020 which had been reviewed by the independent auditor as follows: 1. Summary of the Company’s operating results 2. Analysis of the consolidated financial performance 3. Analysis of the consolidated

ended September 30, 2018. Such financial statements comprise of the consolidated financial statements and the separate financial statements as compared with the financial statements for the same period in

1: Consolidated Company’s Performance comparison of 2Q2020 vs. 2Q2019 vs. 1Q2020 vs. 1H2020 vs. 1H2019 UNIT: Million Baht 2Q2020 2Q2019 % YoY 1Q2020 % QoQ 1H2020 1H2019 % YoY Sales Revenue 3,931 3,290

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

costs and admin expenses following TTTBB’s acquisition, while decreasing by -16% QoQ due to a one-time asset provision expense incurred in 4Q23. The provision for bad debts as a % of postpaid and

3,842 5,227 339 20 137 -86 195 102 134% -34% 9% 91% 57% 43% 1Q2020 1Q2019 4Q2019 253 215 239 Operating Performance Exhibit 1: Consolidated Company’s Performance comparison of 1Q2020 vs. 1Q2019 vs. 4Q2019