Management Discussion and Analysis For the Financial Result of Quarter 3 Year 2017 Ended Semtember 30, 2017 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and

Income 32.23 12.60 19.63 155.84% 163.55 112.96 50.59 44.78% EBITDA 73.41 52.42 21.00 40.06% 296.92 258.07 38.85 15.05% The operating results of the consolidated financial statement for the third quarter

unchanged from previous year despite the decrease of SW income . Non-SW income has more than offset the unfavorable SW income while cost has been under control. Page 3 of 4 Statement of Financial Position as

Ref. MD 115/2017 August 25, 2017 Re: Clarification on the Financial Performance of the Company and its subsidiaries as of Year 2015 Attn: President The Stock Exchange of Thailand We, K. C. Property

(Translation) No. MD119/2560 August 29, 2017 Re: Clarification on the Financial Performance of the Company and its subsidiaries as of Year 2015 Attn: President The Stock Exchange of Thailand We, K. C

- Translation - Management Discussion and Analysis for Interim Business Operations Financial Performance for the year ended December 31 , 2017 (Unit : M ill ion Baht) 2017 2016 Inc./(Dec

Company Limited 31 Prachachuennonthaburi Road, Bangkhen, Amphoe Muang, Nonthaburi 11000 Tel : 0-2832-1000 Fax : 0-2832-1234 The financial results of the Company and its subsidiaries for the three-month and

Revenues Consolidated financial statements (Thousands Baht) Nine-month Change 3nd Quarter Change 2562 2561 Amount % 2562 2561 Amount % Revenue from sales 1,727,237 1,168,546 558,691 47.81% 659,160 427,881

financial institutions: (a) a commercial bank under the Law on Financial Institution ; (b) a life insurance company under the Law on Life Insurance ; (c) a financial institution established under any other

or derivatives advisory service; “insurance” means a professional indemnity insurance. Clause 3 This Notification shall not apply to the following intermediaries which are: (1) the following financial