converted to equity along with interest haircut from 8 creditors. Net gain on foreign exchange rate The consolidated financials recorded a net gain on foreign exchange amounting to Baht 976 million due to the

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

paid up; “Stock Exchange” means the Stock Exchange of Thailand; “related person” means the related person under the Notification of the Capital Market Supervisory Board concerning the Related Party

per share. In case of having securities listed elsewhere, identify the name of the Stock Exchange. (2) In case of having other types of share such as preferred share whose rights or terms differ from

attending the meeting and having the right to vote without any objection on the proposed offering 1 Market price means the weighted average price of the Company’s ordinary shares traded on the Stock Exchange

shareholders attending the meeting and having the right to vote without any objection on the proposed offering 1 Market price means the weighted average price of the Company’s ordinary shares traded on the Stock

shares traded on the Stock Exchange of Thailand (the “SET”) for 7 consecutive days prior to the date on which the Board of Directors resolved to propose the said offering for approval at the Extraordinary

Derivative Warrants | NIKKEI41P2409A | DERIVATIVE PUT WARRANTS ON NIKKEI 225 STOCK AVERAGE INDEX ISSUED BY JPMORGAN SECURITIES (THAILAND) LIMITED LAST TRADING IN SEPTEMBER 2024 # A | NIKKEI 225 STOCK

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Derivative Warrants | NIKKEI41C2409A | DERIVATIVE CALL WARRANTS ON NIKKEI 225 STOCK AVERAGE INDEX ISSUED BY JPMORGAN SECURITIES (THAILAND) LIMITED LAST TRADING IN SEPTEMBER 2024 # A | NIKKEI 225