August 11, 2020 Subject : Management Discussion and Analysis for Six-month and 2nd quarter ended June 30, 2020 Attention : President The Stock Exchange of Thailand Operating Performance 1. Revenues

& Analysis (MD&A) Q2/2018 13 Cost of sales of goods and rendering of services (exclude depreciation and amortization) Q2/2018 VS Q1/2018 (QoQ) • The cost of sales of goods and rendering of services in Q2/2018

No. MVP007/2019 8 August 2019 Subject: Management Discussion and Analysis for the 6-month period ended 30 June 2019 To: President and Manager The Stock Exchange of Thailand M Vision Public Company

because of the drop in gas usage volume by 13% and the decrease in maintenance cost by Baht 25 million or 9%. ผลประกอบ การบริษทั 11 Management Discussion & Analysis (MD&A) Q3/2017 Management Discussion

9M/18 Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q3/2018 11 Cost of Goods Sold and Services (excluding Depreciation and Amortization) Q3/2018 VS Q2/2018 (QoQ) • The cost

institutions. Income tax expense Income tax decreased Baht (4) million, which was mainly derived from the overall operating results after new fixed cost allocation in group. 5 / 5 Explanation and analysis of

. Management Discussion and Analysis Q2/2020 Page 4/6 Cost of rental and service The Company has rental and service costs for the second quarter of 2020 equal 14.8 million baht decrease from the same period of

1 / 4 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year ended 31 December 2019 • Explanation and

history occupancy rate, rental rate and operation plan of the Company.   JAS Asset Management Discussion and Analysis for FS2017 Page3/4 Financial Cost The Company financial cost in 2017 was 53.6 million

plan of the Company.   JAS Asset Management Discussion and Analysis for FS2017 Page3/4 Financial Cost The Company financial cost in 2017 was 53.6 million baht, which was higher than 2016 of 25.2 million