Management Discussion and Analysis 1 Ref: AC.017/2020 18 May 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange

1708-043EN Management Discussion and Analysis for Q2-2017 _Ending June 30, 2017_ Ref. No. 1708/043EN August 11, 2017 Subject Management Discussion and Analysis for Q2/2017 (Ending June 30, 2017) To

Microsoft Word - 1911-033EN Management Discussion and Analysis for Q3-2019 (Ending Sep 30 2019).docx Ref. No. 1911/033EN November 12, 2019 Subject Management Discussion and Analysis for Q3/2019

Microsoft Word - 2008-034EN Management Discussion and Analysis for the Q2 2020 (Ending June 30^J 2020)-Rev (002) Ref. No. 2008/034EN August 13, 2020 Subject Management Discussion and Analysis for the

CLEAR FUNCTION OF DOMESTIC MEDIA ASSETS MANAGEMENT    2) PAYMENT – CONTINUE TO EXPERIENCE STRONG USER GROWTH Rabbit card  Rabbit LinePay  3) LOGISTICS – EXTRACTING SYNERGIES WITH KERRY TO DELIVER

2017/18 2018/19 Liquidity Ratios 31-Mar 2018 31-Mar 2019 Efficiency Ratios Leverage Ratios   MANAGEMENT OUTLOOK Advertising Payment Logistics

amount to be reduced, the management company shall make payment out of the management company in the amount equivalent to the difference representing the deficiency, or reduce the number of such remaining

management company shall make payment out of the management company in the amount equivalent to the difference representing the deficiency, or reduce the number of such remaining investment units and make

increased. SG&A SG&A of the Company consisted of salary and wages, Overtime payment, employees’ benefit, management fee, maintenance fee, utility expenses and etc. The company has SG&A of 225.42 million baht

consisted of salary and wages, Overtime payment, employees’ benefit, management fee, maintenance fee, utility expenses and etc. The company has SG&A of 228.99 million baht, 238.35 million baht and 244.21