processes at KBank and K Companies, these actions are consistent with economic circumstances and rapid changes in the prices of financial assets. We continue to emphasize proactive risk controls via the

. As of September 30, 2019, KBank and subsidiaries had total assets worth Baht 3,240,134 million, rising Baht 85,043 million or 2.70 percent from the end of 2018. The increase came mainly from rising net

consolidation method after raising stake from 49% to 100% in Q3’2018, 2) lower profits at our associate named BGSENA as there was a deferred financing fee write- off from refinancing in the amount of Baht 9

contracts with customers” (TFRS 15), foreign exchange, and deferred tax asset. Normalized net profit clearly reflects the company's true earnings from its normal operations. In Q1/2019, the NNP was Baht 1,053

decrease in interest bearing debt but increasing 2%QoQ from higher deferred spectrum interest after acquisition of 700MHz and 26GHz license Profit In 1Q21, EBITDA was Bt22,580mn decreasing -0.9%YoY due to

from higher deferred spectrum interest after acquisition of 700MHz in Apr-21. Income tax was Bt1,571mn, increasing 6.4% QoQ following an increase in profit before tax, and increasing 11%YoY due to the

incurred from the acquisition of GLOW. However, the net profit of the company excluding amortization of the difference between fair value and book value of the net assets of GLOW (Adjusted Net Income

guarantee assets at certain banks, however, banks’ performance was still under Thailand Economic Growth Sources: Office of the National Economic and Social Development Council and Ministry of Commerce

Summary Part 2 The Issuer 2.1 Objectives of the fund 2.2 Business operation 1. Policy and overview of business operation 2. Nature of business operation 3. Risk factors 4. Research and development 5. Assets

end of 2017. Even though deposits recorded slower growth than loans, overall liquidity in the banking system remained plentiful. KBank ranked fourth in assets, deposits and net loans in the commercial