Analysis (Unit: Thousand Baht) Items 30 December 2019 31 December 2018 Increase (Decrease) % Net Assets 5,890,353 6,724,090 (833,737) (12.40) Net Liabilities 2,076,683 2,078,079 (1,396) (0.07) Shareholders

1,742 357 20.5 Hire purchase and financial lease income 2,442 2,328 114 4.9 Interest on investment in loans 93 141 (48) (34.2) Interest on interbank and money market items 77 102 (24) (23.9) Interest on

quarter of the previous year. The significant revenue items are as follows: 1.1 Brokerage fees The Company’s brokerage fees in first quarter of 2020 were Baht 237 million, an increase of 43 percent compared

. There is no cash affect concerning its movement. Exceptional Items None Subsequent Event None Page 3 of 3

(S) PTE. Limited. at the amount of Baht 8.73 million. 2. Financial Analysis (Unit: Million Baht) Items 31 March 2019 31 December 2018 Increase (Decrease) % Net Assets 5,962.34 5,885.03 77.31 1.31 Net

assets according to the Notification of the Capital Market Commission (Including items acquired by any occurred during past 6 months) which has the transaction value based on the criteria of maximum total

of interest as agreement of list on items 7 without meeting and vote). They are of the opinion that the proposal is suitable for a subsidiary because it’s required to using service of related company

12. The Vanachai Group of Companies Company Limited 500,000 16.95 8. The commitment of committee and the audit committee (who be VNG’s committee with conflict of interest as agreement of list on items

500,000 16.95 - 6 - 8. The commitment of committee and the audit committee (who be VNG’s committee with conflict of interest as agreement of list on items 7 without meeting and vote). The committees have

the audit committee (who be VNG’s committee with conflict of interest as agreement of list on items 7 without meeting and vote). This is in an agreement that such transaction is appropriate since