Bangkok Commercial Asset Management Public Company Limited Page 1 13 December 2019 Subject Management Discussion and Analysis for nine-month period ended 30 September 2019 To The President The Stock

29 July 2020 At: ACC/HO 014/63 Re: Management Discussion and Analysis for the Quarter of 2/2020 To: President The Stock Exchange of Thailand The Coronavirus 2019 (COVID-19) pandemic has had a

, changes in consumer behavior from New Normal situation, and uncertainty of household income, as well as, the exaction of financial institution and liquidity of business. Nevertheless, the business sector

number that exceeds a specified number; (2) the mutual fund’s loan policy; (3) issuance of investment units, including a requirement that the management company will list on the Stock Exchange of Thailand

Limited Attention: President Stock Exchange of Thailand Enclosure: Information Memorandum on Connected Transaction of the Company Concerning Acquisition of Shares in CS LOXINFO Public Company Limited

increased degree of uncertainty in global economies and trade policies, businesses may have to contend with Thai Baht volatility and rising interest rate trends. Acting upon our strategy of strengthening

increased downside risks from external factors such as uncertainty in the U.S. economic policies may affect international trade, the slowdown of the Chinese and the EU economies and etc. According to the Bank

. Other derivatives liabilities 18. Provision 19. Other liabilities Total liabilities Shareholders’ equity 20. Share capital 20.1 Authorized share capital 20.2 Issued and paid-up share capital 21. Stock

Issued and paid-up share capital 21. Stock rights and warrants 22. Additional paid-in capital (discount on capital stock)) 23. Appraisal surplus 24. revaluation surplus (deficit) in investments) 25

capital 20.2 Issued and paid-up share capital 21. Stock rights and warrants 22. Additional paid-in capital (discount on capital stock)) 23. Appraisal surplus 24. revaluation surplus (deficit) in investments