documents consist of various types of standard forms, brochures and other commercial documents, including counterfeit prevention labels manufactured using advanced printing techniques and counterfeit

and commercial documents consist of various types of standard forms, brochures and other commercial documents, including counterfeit prevention labels manufactured using advanced printing techniques and

various types of standard forms, brochures and other commercial documents, including counterfeit prevention labels manufactured using advanced printing techniques and counterfeit prevention technologies 4

tourists, compared to 5,872,145 people in the pre-COVID-19 period (Jan-Feb 2020), as travel restriction remained in place. In 2021, the recovery of the Thai economy is expected to be fragile and uneven

geopolitical situations remain risk factors affecting economic activities of Thailand’s trading partners. At the same time, uneven recovery of household purchasing power may be further hindered by the floods in

only gradually picked up. Even then, such growth remained uneven; improvement was seen only in certain businesses and in some areas. On the downside, however, trade policy uncertainty, in particular

or another reason. Risk of counterfeit and parallel retail networks could negatively impact the Group's revenue and profit. Like with any high-end, luxury products, the Brand and the Group's products

durable goods. The Thai economy hence showed ongoing improvement from the first quarter. Nonetheless, the economic expansion, which was still limited and uneven, affected the performance of KBank and our

was uneven, with improvement concentrated in only certain industries. Under these circumstances, KBank has developed effective credit risk management policies, tools and processes to cope with potential

businesses. Focus has been on formulating area- based lending strategies given the uneven economic recovery. We continued to prioritize risk assessment through prudent screening and close monitoring of