UKEM010/2019 May 13, 2019 Subject : Management Discussion and Analysis of Business Operation results for

companies and derivatives intermediaries aims to enhance flexibility for business operators in providing services to investors and to support their adjustment to the changing situation. Meanwhile, the SEC

Bangkok, 30 March 2025 – As a large number of business operators in the capital and digital asset markets (“business operators”), listed companies and securities issuing companies have been affected

SEC revealed that, under the situation of the outbreak of COVID-19 which has impacted the business operations, the financial positions and the performance of listed companies and security issuers

operating results have already shown that The COVID- 19 action plan can mitigate the impact of the situation. And it is proven that the business model of a company with diversification of investment risk make

and international economic situation, political situation, household debts as well as demand-supply imbalance. In Q2/2019, the LTV (Loan to Value) measures are enforced. Business operators thus need to

the period, the Company acquired dried fruits business and a decrease in loss from restaurant business. At the present, the revenue from packaging business of totally 144.20 million Baht or 36.01% of

the 2020 economy will decrease from -5.3% to - 8.1%, causing overall market uncertainty. The Company has adapted to support the situation by considering investing in the educational loan business. Under

the same period of the last year which showed 161.32 million Baht. Futhermore, the company generated revenue from hotel business of 11.38 million Baht, decreased by 3.10 million Baht or 21.40% from the

, which increased by 0.5% compared to the same period of last year. The advertising revenue from TV business decreased 5% and New Media increased 46% whereas, revenue from Radio business decreased 39%. 2