assets 15% 4% 30% 51% Total Assets Total Liabilities and Equities (THB million) Cash and Cash equivalent +6% (THB million) +6% Analysis of Statement of Financial Position 8 Total Assets As of 30 June 2020

and Equities (THB million) Total Assets As of 30 September 2020, the total assets of the Company were THB 1,279 million, increased by THB 79 million or 7% from 31 December 2019. Changes are highlighted

the implementation of leave without pay policy. 13.5% 19.1% 19.7% 7.1% -9% Management Discussion & Analysis Q4/2020 Total Assets Total Liabilities and Equities (THB million) Total Assets As of 31 Dec

Financial Position February 28, 2021 November 30, 2021 (TFRS 9) Change Unit : Million Baht %YoY Accounts Receivable Total Assets Total Borrowing Total Liabilities Total Equities 87,433 87,389 62,710 70,009

. Shareholders' Equity As of December 31, 2022, the Company’ s shareholder equity increased by 676. 5 MB or 22. 1% from December 31, 2021, the reasons for major changes are as follows: Equities Items which has

Analysis (Unit : Million Baht) December December Change 2022 2021 Amount % Change Total Assets 25,469.0 22,722.5 2,746.5 12.1% Total Liabilities 15,539.5 13,907.7 1,631.8 11.7% Total Equities 9,929.5 8,814.8

พ.ศ. 2560-2561 Research Objectives Source: https://www.settrade.com/th/equities/esg-investment/overview + E f f i c i e n t M a r k e t H yp o t h e s i s ( F a m a , 1 9 7 0 ) + R a t i o n a l E xp e

and three-quarters of Thai equity trigger funds are labeled as flexible allocation funds. 9 Equities Saving accounts Gov bonds Others SET100 Non-SET100 8% 92% 84% 11% 4% n = 122 Sample selection

ได้สม่ําเสมอ รวมถงึมีฐานะทางการเงินท่ีแข็งแกร่ง นโยบายการลงทุน : กองทนุจะเน้นลงทนุในหน่วยลงทนุของกองทนุรวมต่างประเทศช่ือ Robeco Sustainable Global Stars Equities IL EUR (กองทนุหลกั) เพียงกองทนุเดียว

including real estate equities, infrastructure equities, multi- strategy real asset solutions and real asset debt. PSG manages separate accounts, registered funds and opportunistic strategies for