/2553 Re: Approval of Auditors in the Capital Market Whereas Section 61, Section 89, Section 106, Section 199 and Section 217 of the Securities and Exchange Act B.E. 2535 (1992), and Section 140 of the

Page 1 of 4 GEL.CS.006/2562 14 November 2019 Subject: Management Discussion and Financial Analysis for the operating results of the third quarter of 2019, ended September 30, 2019 To: Director and

1 Ref: AC.017/2018 14 May 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

million; and 3) dividend payment for the second half of last year’s operating results of Baht 69 million. 5. Liquidity and Capital Resources Current Ratio As at 30 September 2018, the Company and its

) 0.64 (18.27) Operating Expenses (%) (7.01) (1.56) (14.60) Net Profit (%) 21.00 (40.64) (34.31) Management Discussion and Analysis Management Discussion and Analysis of Financial Position and Operating

Position Analysis 26 4.3 Loans and Deposits 28 4.4 Treasury Operations 32 4.5 Operating Performances of K Companies and Muang Thai Life Assurance PCL 33 4.6 Capital Requirements 34 4.7 Credit Ratings 36 5

Chongqing in July 2016 and 2017 respectively. Furthermore, the daily flight from Samui to Guangzhou has started operating in January 2017. The top 3 countries with highest revenue growth were from the point

performance of personnel in the capital market. These initiatives fall under the Strong Securities Issuers Project and focus on preventing, deterring and suppressing inappropriate behaviors and misconduct. A

-2841-5925 Website: www.kiatnakin.co.th http://www.kiatnakin.co.th/ 2 Management Discussion and Analysis (MD&A) For the first quarter ended March 31, 2018 comparing operating performance and financial

Website: www.kiatnakin.co.th http://www.kiatnakin.co.th/ 2 Management Discussion and Analysis (MD&A) For the first quarter ended March 31, 2018 comparing operating performance and financial position for the