current account due to rising oil price from geopolitical risk especially in the Middle East and 4) Normalizing of interest rates, reflected from the Bank of Thailand (BOT) signal in considering the

have remained relatively more stable as reflected in the EO contribution to EBITDA. EG, which is cyclical and represents the remainder of our production volume, has been challenged. The EBITDA decline in

since January 2020 was implemented, the impact of COVID-19 outbreak reflected to a decline in diesel consumption. Additionally, the improvement of refined glycerine price and sales volume led to the

advertisements and handset subsidy campaigns post COVID-19 lockdowns which reflected in last year’s low base. • Admin & other expenses at Bt15,327mn, decreased -2.2%YoY, mainly from cost control initiatives and

- None Recent development in Sustainability In 3Q24, AIS reflected the commitment to sustainable finance through green funding initiatives, including Green Bond and Green Loan, aimed at supporting

governance, allowed KBank and K Companies to meet business targets, gaining wide acceptance and marks of recognition at home and abroad, as reflected in the numerous awards we received in this quarter. B

gaining wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in this quarter. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1

Company and other related transactions contemplated under the Share Subscription Agreement. Company’s Obligations (a) The Company shall have obtained approval at its board of directors’ meeting and

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2020 The Thai economy in the first quarter of 2020 sank into a recession due to the COVID-19 pandemic. Economic activity was crippled almost across the board in light of lockdown measures implemented in several countries to contain the viral transmission. Financial markets went into a tailspin, whereas turbulence was seen in manufacturing, service and tourism sectors,...

otherwise. The results of operations for the periods reflected herein are not necessarily indicative of results that may be achieved for future periods, and the Company’s actual results may differ materially