Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Management Discussion and Analysis The Thai economy is expected to gradually recover in line with COVID-19

in 1Q18. First was the acquisition of CS Loxinfo (CSL), totaling Bt3.4bn, which will provide synergy for AIS to strongly penetrate the enterprise market. Second was the investment in the Rabbit- LINE

service revenue to grow 5-7%, EBITDA margin (excluding equipment rental) of 45-47%, and CAPEX to be approximately Bt25,000mn (see page 6). Significant Event The NBTC has announced the Information Memorandum

at the top of the mutual fund business. KASIKORN LEASING CO., LTD. saw satisfactory lending business volume in line with the overall domestic automotive industry while also maintaining healthy asset

income for the three-month and nine-month periods, the consolidated of changes in equity, and cash flows for the nine-month period ended 30 September 2017, comparative information, were adjusted according

climbing to 1. 7mn. The mobile money platform under a joint venture, Rabbit LINE Pay, expanded its payment coverage to the sky train mass transit and grew monthly active users to 850,000. The enterprise

increased in line with the increased in revenue at a very similar rate when compare to Q2–2020 and Q3–2019. This is because gross margin of the delivered projects in each quarter is not different. In addition

, a decrease of THB -30.81 million or -63% , compared to H1/2018. We have pleasure in enclosing the operation result report for more details information. Yours faithfully, Mr. Geza Emil Perlaki Managing

= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of

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