[COMPANY NAME] Ref.:EFORL020/2018 May 15, 2018 Subject: Management Discussion and Analysis for the first quarter ended 31 March 2018 To President The Stock Exchange of Thailand 1. Overview financial

because the Company has gain on sell assets Baht 308 million relating with franchise agreement. Selling and Administrative Expenses Selling and Administrative expenses in 2019 were Baht 755 million

Section 112 Securities and Exchange Act B.E. 2535 Section 112. In operating the business of securities brokerage, a securities company shall enter into a written agreement with the customers who

Section 104 Securities and Exchange Act B.E. 2535 Section 104. A securities company shall appoint directors or managers or enter into an agreement with other persons, giving the power, either in

No.3/2018 of Jubilee Enterprise Public Company Limited held on August 7th, 2018 has passed a resolution to approve At Vantage Company Limited to make a service agreement with the company regarding to

management of the private fund, using knowledge and competence as a professional. The securities company shall enter into a written agreement with a person or a group of persons who has authorized the

of AEON Thana Sinsap (Thailand) Plc. No. 3/2018 held on March 20, 2018 had a resolution of the connected transaction as follows: Date of agreement: Company Date of agreement ACS Capital Corporation

services increased since the year end 2017 (June 30, 2017), the company discontinued of the manufacturing and distribution agreement with the major paints contract. The company signed new licenses agreement

resolution of the connected transaction as follows: Date of agreement: Company Date of agreement AEON Financial Service Co., Ltd. (“AFS”) Within March 31, 2019 Agreement period is one year from April 2018 to

service agreement with the company regarding to business related information technology and its uses in business management. The details of the transaction can be summarized as follows: 1. Transaction date