50,000,000 (divided into 500,000 shares) Par value: Baht 100 per share Paid-up capital: Baht 50,000,000 Type of the acquired asset: Ordinary shares in the amount of 250,000 shares, or equivalent to 50 percent

Registered Capital : 10,000,000 Baht, and Share divided into 1,000,000 ordinary shares, at the par value of 10 Baht per share. Shareholding Structure : The Company holds 100% of the total shares Size of

100% Registered Capital Baht 1,000,000 (One Million Baht), divided into 10,000 ordinary shares with the par value of Baht 100 per share. Paid-up Capital Baht 250,000 (Two Hundred Fifty Thousand Baht

1 Bangkok Commercial Asset Management Public Company Limited Management Discussion and Analysis For the first quarter ended March 31, 2020 Bangkok Commercial Asset Management Public Company Limited

Management Discussion and Analysis For the fourth quarter and year ended December 31, 2019 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd, Silom, Bangrak, Bangkok 10500

6 months. 4. Details of asset acquired Type Ordinary shares Company’s name All S Holding Co., Ltd. Business type To invest in automobile assembly business, public transportation services, other

Management Discussion and Analysis For the first quarter ended March 31, 2020 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd., Silom, Bangrak, Bangkok 10500 Thailand Tel 0

(collectively, the “Asset Acquisition and Disposal Rules”). The Transaction is considered Type 2 transaction pursuant to the Asset Acquisition and Disposal Rules. Therefore, the Company is required to disclose

marketing policy by adjusting its selling price. Which is divided into sales groups as detailed as follows: Incomes January – June 2017 January – June 2016 Increase(Decrease) Mimmion Baht Percent 1. retailers

long-term rental services. Products are divided into 7 groups. • Purchase and sale of land for commercial purposes, large, medium and small, for the company and the general public for development