1708-043EN Management Discussion and Analysis for Q2-2017 _Ending June 30, 2017_ Ref. No. 1708/043EN August 11, 2017 Subject Management Discussion and Analysis for Q2/2017 (Ending June 30, 2017) To

1802-008EN Management Discussion and Analysis for the year 2017 (Ending Dec 31, 2017) Ref. No. 1802/008EN February 20, 2018 Subject Management Discussion and Analysis for the year 2017 (Ending

Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 Translation UWC 031/2560 August 10, 2017 Subject : Management Discussion and Analysis for quarter 2-2017 To

Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 1 Translation UWC 023/2562 August 16, 2019 Subject : Management Discussion and Analysis for quarter 2-2019

appropriateness in trading derivatives trading, product or variables specified in derivatives contract whereby such analysis shall be distributed to clients. Clause 4. Derivatives broker who wishes to use

on derivatives trading, and to analyze value and appropriateness in trading derivatives trading, product or variables specified in derivatives contract whereby such analysis shall be distributed to

client lease contract. Expenses analysis  Selling expense during 2019 was THB 325.6 mm, which varies according to income from sales of real estate. The 2019 selling expense accounted for 9.3% of income

, due to interest expense of lease contract. 2 Financial position analysis Unit : Million Baht March 31, 2020 December 31, 2019 Increase (Decrease) ร้อยละ Total assets 534.59 340.25 194.34 57.12 Total

million or equivalent to 16.13% because the installations made according to the financial lease contract and no additional contract. 2.3 Shareholders’ Equity Analysis As at March 31, 2019, Shareholders

recognition from change in a client contract. Expenses analysis Q2 2018 Q2 2019 Increase/(Decrease) 1H 2018 1H 2019 Increase/(Decrease) THB mm THB mm THB mm % THB mm THB mm THB mm % Selling expense 68.4 113.7