1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...

, which increased by Baht 582 million or 2% from 31 December 2016, mainly from an increase in the unappropriated retained earnings for Baht 1,565 million and the increase in the non-controlling interests

interests (3) 114 153 N/A 34% (75) 267 458% Earnings per share (Baht per Share) 1.75 1.51 0.72 -59% -52% 1.95 2.23 14% Statement of Income 7 | Management Discussion and Analysis of Business Operation for the

for Baht 2,453 million and the increase in the non-controlling interests for Baht 129 million, thanks to the better performance of the company and the invested companies. In addition, the company paid

% 31% 3,734 4,838 30% Owners of the Company 1,174 993 1,316 12% 33% 3,855 4,393 14% Non-controlling interests (47) 153 179 483% 17% (121) 446 468% Earnings per share (Baht per Share) 0.85 0.72 0.96 2.80

current liablities 8,123 8,548 (425) (4.97%) Total Liabilities 113,476 114,657 (1,181) (1.03%) Shareholders’ Equity Parent’s shareholders’ equity 86,238 81,973 4,265 5.20% Non-controlling interests 618 625

เที ย บ เท่ าตราส ารทุ น , partnership interests, business trust shares, ownership interests in business enterprises, ADRs (American Depositary Receipt) และ GDRs (Global Depositary Receipt) ตราสารทุนท่ี

commissions and other transactional expenses, interests, taxes and extraordinary expenses, such as litigation; and other expenses not incurred in the ordinary course of the Fund's business) at no more than 1.15

issuer having the rights to postpone or exempt debt payment, or the rights to postpone or exempt payment of returns or interests; (b) hybrid securities issuer having the rights to receive debt repayment

following characteristics: (a) hybrid securities issuer having the rights to postpone or exempt debt payment, or the rights to postpone or exempt payment of returns or interests; (b) hybrid securities issuer