Card, for card activation, transfer of accumulated points to our business partners’ loyalty programs, redemption of KBank Reward Points via K PLUS Market, and other marketing activities via digital

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

expenses due to the promotion of sales programs. 4. The financial position of the Company and its subsidiaries as at March 31, 2019 total assets were Baht 3,934.90 million, divided into total current assets

expansion, driving the overall costs down. This year, on top of 2018 on-going saving programs, our focuses will be on packaging optimization, new lighter weight bottles and more formulation optimization. The

driven by the above factors has sustained over 2018. With the transformational retrofit capex programs in PTIP having completed last year, PTIP has delivered strong technical results in 2018 with capacity

developing six core competencies for Thai directors, while also supporting various social initiatives, such as the Computer for Thai Children and Financial Literacy programs, as well as the donation of

payment, campaign to promote more application for KBank JCB Credit Card and OneSiam KBank Credit Card, cash back offering and transfer of accumulated points to our business partners’ loyalty programs to

services as a national business service type in a standard definition category Channel SPRING 26 Type of Programs Presenting a world-class documentary providing useful information for living, inspiration for

employee incentive programs. On the variable cost side fuel costs were higher than in the same period last year and also in fixed costs related to production maintenance cost increased due to the earlier

the business operation of producing and broadcasting business news programs under the brand JKN-CNBC, which started broadcasting in July 2019 through digital television stations and online. Moreover