previous year. The majority of the Company’s expenses came from employee benefits expenses, fee and service expenses, and interest expenses, as follows: 2.1 Employee benefits expenses The Company’s employee

production line of flexible packaging and the machine setup process is not complete and new employee lack of expert skill and the use of raw material is inefficient, cause a high production cost. 3. Selling

of capital increase in January 2018. With some amount of expenses for the additional from the payment of early retires employee. 5. Management benefit expenses For year 2018, the management benefit was

of 248.6 million baht, decreased 176.0 million baht or 70.8 percent. Performance for Q3/2019 was loss 2.3 million baht compared to Q3/2018 that was profitable 134.5 million baht, decreased 136.8

had to be closed according to government policy. But the company was able to adjust to its profitable operating results this quarter details as follows: Management Discussion and Analysis Q2/2020 Page 3

Thaicredit Retail Bank Public Company Limited On 1 March, 2017 Thaicredit Retail Bank Public Company Limited (“TCR”) offer for sale newly issued securities in the category of warrant (Employee Stock

newly issued securities in the category of warrant (Employee Stock Option Program : ESOP) without having obtained an approval from the SEC Office. SEC Act S.300 in conjunction with 33 Settlement

the company’s readjusting of employee accrued benefits and base salary to serve the company’s strategy towards fully digitalized format as well as to encourage all employee preparing for Digital

Lock Downs in other major businesses. It can generate earnings to remain profitable in both the mobile distribution business, personal loan business and real estate development business. The details of

and 11.47 million baht, respectively. It increase 65.22 million baht or 568.61 % when compared with Q3 / 2019 the reason is that the company has increased sales, profitable on exchange rates compared to