Management Discussion and Analysis for the year 2021 4 Core Operating Profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and other irregular items) for

2016 and 2017, other incomes are THB 1.26 million and THB 1.62 million. Other income mainly includes interest income, unrealized gain on exchange rate, consultation revenue and gains from sales of assets

within such period of time, there shall be an entitlement of unallocated subscribers’ rights to receive interest at the rate of not less than seven point five percent per annum from the date after such

subscribers’ rights to receive interest at the rate of not less than seven point five percent per annum from the date after such period ends; (b) prohibition of using subscription money in excess of the total

shall be an entitlement of unallocated subscribers’ rights to receive interest at the rate of not less than seven point five percent per annum from the date after such period ends; (b) prohibition of

receive interest at the rate of not less than seven point five percent per annum from the date after such period ends; (b) prohibition of using subscription money in excess of the total amount expected to

date. In cases where such money cannot be returned within such period of time, there shall be an entitlement of unallocated subscribers’ rights to receive interest at the rate of not less than seven

market consensus. The Thai policy rate remained static at 1.50 percent, while the Fed hiked its key interest rate by 25 basis points to 1.00-1.25 percent. No significant impact was therefore felt on

of THB 897 million from the corporate income tax in 2007, 2009 and 2010, including the interest income from the tax return in the amount of THB 401 million. 5 | Management Discussion and Analysis of

interest rate for 1st - 5th year is a fixed rate of 5 percent per annum and with revisions every 5 year. The interest payment schedule is semi-annual for which the Company has an ability to indefinitely