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...

, structures, products or variables and terms of the derivatives; (2) benefits or returns to be received by the client from entering into a derivatives contract, potential earnings or loss, including details of

derivatives; (2) benefits or returns to be received by the client from entering into a derivatives contract, potential earnings or loss, including details of the method for calculating such earnings and loss

derivatives; (2) benefits or returns to be received by the client from entering into a derivatives contract, potential earnings or loss, including details of the method for calculating such earnings and loss

Total liabilities 60,906 52,747 48,022 46,145 Issued and paid-up capital 14,629 14,629 14,629 14,629 Paid-in capital in excess of par 2,935 2,935 2,935 2,935 Retained earnings 31,357 31,797 32,354 34,969

Total liabilities 60,906 52,747 48,022 46,145 Issued and paid-up capital 14,629 14,629 14,629 14,629 Paid-in capital in excess of par 2,935 2,935 2,935 2,935 Retained earnings 31,357 31,797 32,354 34,969

capital in excess of par 2,935 2,935 2,935 2,935 Retained earnings 31,357 31,797 32,354 34,969 Total shareholders’ equity 55,958 56,771 58,009 60,959 Total liabilities and shareholders’ equity 116,864

(-Translation-) Ref. No. VGIGM.CSC.SET.18.13 May 17, 2018 Subject Dividend Payment, Investment in the shares of Kerry Express (Thailand) Limited, Issuance and Offering of the Newly Issued Ordinary Shares of the Company via a Private Placement, Partial Sale of VGI Global Media (Malaysia) Sdn. Bhd.’s shares, Issuance and Allocation of Warrants to Purchase Newly Issued Ordinary Shares of VGI Global Media Public Company Limited No. 2 (VGI-W2), Capital Increase through a General Mandate and Calling t...

, despite decrease in net fees and service income due to cancellation of fees on funds transfer via digital channels. B Other operating expenses rose Baht 686 million, or 4.29 percent over-quarter. However

........ Year ............. Year ............. Year ............ Total assets Total liabilities Shareholders’ equity Total income Cost Net profits Earnings per share (EPS) Debt/equity ratio (D/E ratio) Return on