) (29.70) (34.16) Administrative Expense (55.25) (66.00) (60.45) Total Expenses (73.59) (95.70) (94.61) Earnings before Finance Costs 21.22 78.98 102.16 Finance Costs (19.90) (27.68) (28.30) Net Profit 1.32

Costs 21.22 78.98 102.16 Finance Costs (19.90) (27.68) (28.30) Net Profit 1.32 51.30 73.86 5. Relationship between VAVA and the Company VAVA and their related parties Details Shareholding of the Company

Company will further inform via the SET system. 2) Right adjustment as a result of dividend payment in the amount of money exceeding 80 percent of net profit after income tax subject by the Company The

Market Association, as the case mat be; “Association” means association related to securities business authorized from the Office to establish and register with its objective to support and develop

Thai Bond Market Association, as the case mat be; “Association” means association related to securities business authorized from the Office to establish and register with its objective to support and

” means association related to securities business authorized from the Office to establish and register with its objective to support and develop securities business in the category of investment management

) (667.08) (419.93) (68,840.98) Income tax - - - - Annum net loss (272.97) (667.08) (419.93) (68,840.98) Parent company’s loss (272.97) (667.08) (419.61) (68,788.52) For the Company’s performance pursuant to

loss in associates (27.89) (365.53) (29.27) (5,739.22) Total expenses (123.60) (1619.92) (205.07) (40,209.80) Profit (Loss) before tax (113.79) (1,491.35) (197.67) (38,758.82) Tax - - - - Net Profit

(61.85) (322.30) (64.23) (10,529.51) Total expenses (181.17) (944.09) (286.38) (46,947.54) Profit (Loss) before tax (172.69) (899.90) (274.97) (45,077.05) Tax - - - - Net Profit (loss) for the period

DCORP 025/2020 May 13, 2020 Subject: Management Discussion and Analysis – Explanation of net profit for the quarter ended March 31, 2020 and the increase in the overall operations of more than 20 percent