Estate Public Company Limited Management Discussion and Analysis 2Q20 With respect to commercial business, special reduction granted to tenants impacted by COVID-19 is expected to reduce thanks to revival

experts/workers/foreigners. • Pros: Revival of the economy. • Cons: Unfair competition and possible corruption. 4 https://go.microsoft.com/fwlink/?linkid=2006808&clcid=0x409 SEC Classification : ใชภ้ายใน

performance for three-month period ended 30 September 2017 compared to the prior year was decreasing in net profit amounting to Baht 28.17 million or 38.62% because of the following main reasons. 1.1 Revenue

same period of 2018. The main reasons were:  Revenues from circulation decreased 15.24% with circulation revenues of comic books and children books decreasing 33.23%. On the other hand, revenues from

growth and returns while maintaining our market leadership over the long term. Guided by our core strategies of “Customer Centricity” and making KBank the Customers’ Main Bank for all eight customer

ended 31 March 2017 compared to the prior year was decreasing in net profit amounting to Baht 9.76 million or 39.97 % because of the following main reasons. 1. Revenue from hospital operations increased

by 18% compared to the same period of 2016. The main reasons is from economic slowdown which affected advertising revenue decreased by 23% and circulation revenues of newspaper, pocket books and

2018 compared to the prior year was increasing in net profit amounting to Baht 30.48 million or 208.01% because of the following main reasons. 1. Revenue from hospital operations increased by Bath 45.32

THB 23.55 million, which represent a decrease of THB 5.17 million or 18.00 per cent, compared to the same quarter in 2017. The main reason are as follows; The Consolidated Financial Statement for the

decreased by 24% compared to the same period of 2017. The main reasons is from economic slowdown which affected advertising revenue decreased by 28% and circulation revenues of newspaper, pocket books and