-2,004 -101% Tax income from deferred tax assets - 84 -100% - n.a. - 84 -100% Extra item net of tax 14(3) -1,920(2) -101% 2(3) 600% 16(3) -1,920(2) -101% Net Profit after extra items -22 -1,853 -99% 22

- net 144,751.3 150,523.9 (5,772.6) (3.8) Loans to customers net of deferred revenue 148,158.8 153,684.4 (5,525.6) (3.6) Other assets - net 4,071.4 3,880.3 191.1 4.9 Total assets 234,045.7 233,111.5 934.2

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

customer screening criteria. In particular, more rigorous requirements have been set for small and micro businesses as well as retail customers, while we have acquired customers with stronger financial

did not show result due to the Company recognized loss on impairment of investment in proportion of the investment. Page 3 of 4 (10) Benefit (Tax Expenses) The deferred incoming tax with loss

million. The Company was adjusting in investment in available-for-sales securities to market price which decreased by Baht 537.21 million and deferred tax assets increased by Baht 107.44 million due to such

%. Significant changes were caused by: • Trade and other payable decreased by THB 250.5 million, mainly from deferred revenue from education decreased by THB 72.9 million, deposit decreased by THB 35.5 million

equipment 520.8 519.55 1.25 0.24% Goodwill 19.38 19.38 0 0.00% Intangible assets 7.14 7.16 (0.02) (0.28%) Deferred income tax assets 4.38 4.14 0.23 5.57% Other non-current assets 23.2 26.12 (2.92) (11.18

Company used accounting policy of deferred tax resulting to income tax revenue increased due to allowance for impairment of securities increased. The separate operating result for the third quarter ended

% Intangible assets 9.44 7.16 2.28 31.84% Deferred income tax assets 4.15 4.14 0.01 0.24% Other non-current assets 61.12 26.12 35.00 134.00% Total non-current assets 744.52 648.24 96.28 14.85% Total assets