22.2 million or 6.2% decreased of gross profit margin when compared to the same period of prior year. It mainly decreased from the declining of revenue which because of the high market competitive in the

economic slowdown resulting in declining export and plunging tourists’ spending especially Chinese tourists. The instability in Thailand politic and election in March 2019 slowed public investment. High

1,015 million, a decline of 4.5% from 2Q18 amount of Baht 1,063 million. Bancassurance fee for 2Q19 amounted to Baht 206 million, declining 19.0% yoy from Baht 255 million for 2Q18. For Capital Market

. Deep discount of up to 50% was used across the industry to attract customers to switch, resulting in declining industry’s ARPU. Convergence packages, combining fixed broadband, mobile data SIM, and

- ร่าง - 1 Feb 12, 2019 Subject Management Discussion and Analysis for the periods of three months and nine months ended 31st December 2018 To President of the Stock Exchange of Thailand Secretary of

- ร่าง - 1 February 11, 2020 Subject Management Discussion and Analysis for the periods of three months and nine months ended 31st December 2019 To President of 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

2018. Meanwhile, fee generated from investment banking business for 2019 totaled Baht 552 million, decreased when comparing to 2018. Bancassurance fee amounted to Baht 938 million, also declining 6.2

-517-0109-14 Fax 66-2-5170529 February 27, 2017 Subject Management Discussion and Analysis for the year ended December 31, 2016 To Managing Director of Stock Exchange of Thailand Table of Financial Ratio

- Translation - Page 1 of 5 CBG 022/2019 8 November 2019 Subject Management discussions and analysis for the 3-month and 9-month period ended 30 September 2019 To President The Stock Exchange of