Limited and the subsidiaries (Herein after called “The Group”) would like to submit Management’s Discussion and Analysis for Quarter / as follows:- . Nature of operations of the Group The Group has engaged

in Europe. However, there was still pressure from India’ s diesel export that increased during their rainy season. Management Discussion and Analysis of Business Operation for 3Q/2018 Bangchak

Competition 1 1.3 Regulatory Changes 2 2. Risk Management and Risk Factors 5 2.1 Credit Risk Management 5 2.2 Market Risk Management 5 2.3 Liquidity Risk Management 6 3. Business Directions and Operations of

100.00% 111.56 3.23% Distribution costs 140.16 4.05% 159.58 4.47% 19.42 13.86% Administrative expenses 88.53 2.56% 105.99 2.97% 17.45 19.72% Profit from operating activities 64.65 1.87% 69.66 1.95% 5.01

following items: 1) Net cash received from Operating Activities totaling Baht 1,133.15 million Baht from the net income netting off with the changes in assets and liabilities from operations. 2) Net cash used

, 2020. To : The President and Governing Members of The Stock Exchange Market of Thailand For the first quarter of 2020, Real estate transfer activities of condominium and house totaled 3,393.9 million

3. Business Directions and Operations of Core Businesses 7 3.1 Sustainable Development and Corporate Governance 7 3.2 Business Directions of KASIKORNBANK and the Wholly-owned Subsidiaries of

Operations – Driving organic growth by improving space utilization The Company focused on marketing communication activities and promotional campaigns, as well as and effectively utilized spaces in shopping

resumed its operations on July 15, 2020. − Maldives SAii Lagoon Maldives and Hard Rock Hotel Maldives have resumed its operation on July 15, 2020 − UK Majority has re-opened in July 2020 − Fiji Outrigger

subsidiary for Quarter 1 of 2018 ending on 31 March 2018 as follows; Statements of Comprehensive Income Revenue from Hospital Operations The Company generated the revenue from hospital operations for the 1st