V2 30/08/61 14:31 น. 0 V2 30/08/61 14:31 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the Second Quarter of 2018 The Thai economy in the second

3.5% driven by higher sales of the energy drinks especially for export markets and greater sales growth from distribution of 3rd party’s products. Note: 1/ Energy Drinks and Sport Drinks 2/ Drinking

Ratio (Times) N/A N/A N/A Cash Basis (Times) 1.48 1.48 1.11 Dividend paid (%) * - 99.90 99.90 Per-Share Data and Growth Rate of All Types of Business 2016 2015 2014 Per-share Data Book Value per share

United States, caused slowdown of the global economic growth and resulted to the narrow of metallic spread. The company's gross profit margin fell from 5.7 percent in 2017 to just 0.9 percent in 2018 which

war between China and the United States, caused slowdown of the global economic growth and resulted to the narrow of metallic spread. The company's gross profit margin fell from 5.7 percent in 2017 to

Baht 405.5 million in 2Q2017 due to Operating Revenue increased 9.6% YoY. The increase of Operating Revenue was mainly attributable to growth of industrial water’s sales volume from the commercial

Medical Hospital and Kasemrad Hospital Ramkhamhaeng still grew in a significant rate comparing to the same period of last year, plus the consistent revenue growth from the provincial hospitals, resulted to

, waiting for the travel bans to be lifted. The Company aims to provide training sessions for Hongkong storefront staff as soon as a cross-border flight resumes, and the Company will be sending Thai staff to

Change +/(-) 2019 2020 Change +/(-) Number of branches as at Dec 312 38 39 3% 38 39 3% Same-Store-Sales-Growth (SSSG) (3.4%) (33.5%) (30.1%) 8.9% (40.2%) (49.1%) 259 204 132 184 180 Q4/62 Q1/63 Q2/63 Q3/63

of the two companies together. For Q1/2020, there are important factors and significant events in various aspects, such as the depreciation of the Thai Baht against the US Dollar, the decrease in price