-use assets due to TFRS 16 adoption as at January 1, 2020. (Unit: Thousand Baht) Consolidated FS Separated FS Property and land improvement 39,331 38,977 Buildings and building improvement 62,581 37,583

are higher than distressed RTOs. • BHAR is decreasing in relative deal size and future changes in book value to equity. • Liquidity shows improvement post announcements as indicative in lowered spreads

audit quality, training sessions on how to remedy the recurring deficiencies identified in several audit firms. Such efforts to develop audit 02 quality have evidently paid off with the improvement of the

revealed certain factors indicating significant turnaround financial determinants in cases of securities on turnover list, providing recommendations for improvement of rules monitoring listed companies

individual auditors’ engagement. The overall results of the inspection conducted on 13 audit firms in 2016 during the third cycle, which is between 2016 to 2018, indicated continuous improvement from the

Highlights - FY19 Net profit* was at THB 3,259 million (+8.4% YoY), with net profit* margin of 12.7% (+30 bps YoY), where the improvement mainly came from growth in revenues of core businesses and favorable

improved to 34.5% or +270bps QoQ. Gross profit increased by THB 105 million YoY (or 5.0%) to THB 2,186 million in Q4’18. The big improvement was resulted from Fitness First (cost saving project), which drove

Baht 60 million, loss decreasing from Q4/2018 that recognized net loss Baht 143 million. Greater performance resulted from efficient process improvement as well as selling and administrative expense

fierce discounts, revenue grew strongly 23%YoY. Non-mobile enterprise business grew 6% YoY from high growth in Data center, Cloud, Cyber securities, IOT and ICT solutions offset by flat growth in

98 million, a slight decrease of 1.0% yoy, mainly from a decrease in revenue from Dusit Thani College resulting from fierce competitions and dropping in new student enrollment which is a structural