. The decrease was mainly from trade accounts receivable, unbilled receivables and inventories. The quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 31

due to the lower trade accounts receivable. 4 The quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 30 June 2019 31 December 2018 Trade account receivables

on the License Return”). The entering into the Transaction of Returning Spring26’s License is considered as the disposal of assets according to the Notification of the Capital Market Supervisory Board

1 GLOCON.018/2020 May 15th, 2020 Subject Management’s discussion and analysis for 1st quarter of 2020 Attn. The President The Stock Exchange of Thailand Management’s analysis Consolidated Financial

The quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 31 March 2020 31 December 2019 Trade account receivables - unrelated parties 743 641 Less: Allowance

from operation only accounted for 70.73 million. 2. Discussion of Financial Position 2.1 Assets As of September 30, 2019, total assets on consolidated basis amounted to THB 2,409.99 million dropped from

Electronics PCL has the pleasure of reporting the operating results of the Company and its subsidiaries ("the Group") for the first quarter of 2019 based on reviewed consolidated financial statements for the

Quarter of 2019 KCE Electronics PCL has the pleasure of reporting the operating results of the Company and its subsidiaries ("the Group") for the second quarter of 2019 based on reviewed consolidated

MONTHS ENDED JUNE 30, 2019 1. Analysis of operation results for Second quar ter of 2019 in compar ison with those for the same quar ter of 2018 (from the consolidated financial statements) Items Second

auditor, the results can be summarized as follows: The performance of the Company and the Company’s subsidiaries for the 3rd quarter of 2018, the consolidated financial statement showed a net profit of