business networking for further growth. Banking Agent & Lending Business In 2020, the Company will add more commercial banks to its banking agent ecosystem, with the target to add at least 1 more commercial

FSMART affiliated companies’ employees with Targets in 2020 (Adjusted)  Wait for Covid-19 situation to evaluate transaction amount and revenue growth  Banking agent business to grow 40-45%  New 1,000

to certain groups of customers and limited growth in some types of loans amid an uneven economic recovery. In addition, net fees and service income of the banking system continued to enjoy steady

Economic Growth Sources: Office of the National Economic and Social Development Council and Ministry of Commerce *Projection by KResearch Ye ar -o n- Ye ar C ha ng e (p er ce nt ) 2 1.2 Banking Industry

come due, and/or an inability to convert assets into cash. Liquidity in the banking system during 2019 was ample due to slower growth of net loan; in fact, deposits saw stronger growth than loans

increase financial accessibility; help customers achieve Net Zero emissions and sustainable growth 5. Communication: Communicate and collaborate with all stakeholders in raising public awareness on ESG

. Excluding the extra finance cost of THB 4.4 mil. the finance cost of Company increased by 82.9% q-q, mainly caused by short- term loans for working capital increase. Finance cost Net Profit THB million Q1’20

Competition Commercial banks’ overall performance in the first quarter of 2018 was better than what was seen in the previous quarter while also sustaining growth over-year. Net interest income in the banking

strong across-the-board growth. The business sector remained challenged by new modes of competition amid the advancing digital age and the rapid pace of technological advancement, together with the

generating new opportunities to increase revenues. In terms of customer base expansion, financial innovation has created new forms of financial services which enable banks to explore new business opportunities