improvement SEC Classification : ใชภ้ายใน (Internal) Comments for Potential Improvements  Is loss-chasing behaviour (always) irrational behaviour?  What if taking more risk, as measured by portfolio

year. The score improvement reflects the SEC’s operating enhancements in various areas as well as preventive measures against corruption.  The SEC has received excellent results in the CRMS Assessment

and our customers both directly and indirectly. KBank has emphasized synergy with K Companies, strategic partners and startup firms for enhancement of our business capabilities to achieve sustainable

become more focus whereas private sector was urged to express their intention to join Collective Action Coalition against Corruption. All the aforesaid have led to concrete improvement in the aspect of

concrete improvement in the aspect of corporate governance where Thailand obtained 82.83 out of 100 in CG ROSC assessment while ranked the third in Asia in CG Watch assessment and assessed with the highest

% YoY. The Company continues to emphasize on effective revenue generation through new shopping malls, enhancement of existing malls, new mixed-use development projects, such as residential development

with the Cabinet-approved Capital Market Development Master Plan (CMDMP) 2010-2014. Areas of particular progress are as follows: Regu la to ry improvement and enforcement The SEC amended regulations on

Limited (EBT of UE)  EBITDA was THB (19)mn, an improvement by THB 403mn from (422)mn in the same period of the previous year, largely as a result of the aforementioned reasons above and lower loss on

continual progress in elevating standards of corporate governance and codes of conduct of both market participants and supervisory agencies to raise confidence in, and recognition of, the Thai capital market

this lower gross margin in 2019. However, The company believes that this investment would be a key factor for competitiveness enhancement in the long run. Selling and administrative expenses Selling and