cost attributed to the slash in total revenue and net loss at THB 612m. Page 2 of 9 Singha Estate Public Company Limited Management Discussion and Analysis 2Q20 Significant Events and 2H20 Outlook The

THB 431.91 million respectively. This is equivalent to a significant decline of 15.39 % compared to the last year. This shows that the Company managed to properly slash sales expenses from the previous

. This is equivalent to a significant decline of 23.75 % compared to the same period last year. This shows that the Company managed to properly slash sales expenses from the previous year to be in parallel

that the Company managed to properly slash sales expenses from the previous year to be in parallel with the plunge in sales revenue. Nevertheless, some of the sales expenses did not adjust promptly and

% compared to the same period of last year. That show the Company managed to properly slash sales expenses from the previous year to be in response to decline in sales revenue and the impact from the

slash operating costs through low interest rates plus longer loan terms. In alignment with the government’s policy of a cashless society, KBank has granted support to card accepting merchant business

Thai Baht’s rise. Meanwhile, domestic interest rates dropped across all maturities. The Monetary Policy Committee (MPC) resolved to slash the policy rate by 25 basis points in its August 2019 meeting

transactions, and thus slash our cash management costs, leading to reduced costs for our customers and within the overall economic system in the long run. Within this context, KBank and K Companies accentuate