(Taixing) Limited (“SBT”). Moreover, it was also caused by the transitional service expense plus the additional transportation and commission costs. * Note Please find further information in the consolidated

2016 Fee and service incomes 27.61 103.83 Other incomes 9.53 1.71 Operating expenses (50.37) (84.76) Impairment loss from investment (105.00) - Corporate income tax - Expense (5.86) (8.84) Net income

expense 11.65 10.71 0.79 0.77 Total cost of goods sold and expenses 1,431.44 1,360.32 The overview of costs and expenses of the year 2017, the proportion of cost good sold decreased that resulted to the

projects, b) repayment of debts, and c) working capital. Interest expense of debentures for the year 2018 was Baht 42.90 million. The Company repaid such debentures in August 2018 On August 28, 2017, the

and find a purpose the best benefits of us. The rental rates unchanged. This makes the expense of the same. Please be acknowledged for your information Yours Sincerely (Mr.Wanthana Jaroennawarat

million or up by 2.00% as compared with the same period of previous year. The amount increased were mainly driven by the rise in personnel expenses, rental cost, maintenance cost, and marketing expense

expenses were Baht 882.4 million, decreased by Baht 55.9 million from Baht 938.3 million of Q1/2018 or equivalent to 5.96%. Our major expense was costs of goods sold, a decrease of Baht 44.6 million from

raising complete the Company expected to Management Discussion and Analysis Q1/2019 Page 4/4 JAS Asset Public Company Limited reduce it interest expense and re-balance its the capital structure to fit with

expenses related to project launches expense, taxes and man-power (salary, welfares) which mainly in line with the increase of real estate development projects. 3. Administrative expenses, in the period of

decreasing in gross profit margin from marketing events couple with the increase in operating expense due to the expenses of new outlets. The company focuses on the sustainable growth, thus, set up a strategy