SEC is cooperating with agencies and organizations, both public and private, to strengthen supervisory standards and common practice guidelines for listed and regulated companies. We expect our

to maintain their profitability, going forward. 1.3 Regulatory Changes Significant regulatory changes that may have affected KBank’s and K Companies’ business operations included:  Regulations for

locals and foreign tourists. Investment Diversification to Generate New Revenue Stream CPN actively find opportunity for new potential investment driven its business growth compatible with strengthen the

investment driven its business growth compatible with strengthen the revenue structure and support sustainable growth strategy. In 2019, CPN progressed with the following new investments. CPN debut the first

dividend payment to the Company’s shareholders of Baht 243 million. Page 8 6. Forward Looking In 2017, the Company’s sales declined, in line with the contraction of the beverage market and the domestic ready

corporate governance have prompted world-class organizations to implement best practices to strengthen their governance regime. In Thailand, the Stock Exchange of Thailand (SET) has prepared the “Principles

revised upward the 2017 global economic projection to 3.7 percent, and projected that the world economy may see even brighter growth of 3.9 percent in 2018. Looking forward into 2018, economic activity

. - Reduce supporting documents for outward remittance in certain objectives and allow submission of supporting document in electronic form. - Individuals are allowed to domestically enter into a forward

Management Overall, movements in foreign exchange continued to see the Thai Baht strengthen in the third quarter of 2019 compared to the preceding quarter. The creeping trade protectionism adopted by the US

less accommodative in their monetary policies. Looking forward, global interest rates are therefore likely to be on an upward trend. Amid the trade rift which may make the global economic recovery