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

input cost to the price of the products. Anyway, the economic recession threatens to the price structure that the company can not specify the price change with the corresponding changes of cost

per shares Baht 9.645 Total Buying price : 72.34 Million Baht Proportion of holding shares in WPS Before buying shares : 84.50% After buying shares in this time : 99.50% 4. The shareholding structure

THB 46.3 million, whereas the gross profit margin was going up to be at 12.4%. Revenues The structure of revenues for the three-month and six-month period ended 30 June 2019 and 2018 are as follows

54,750,000 cubic meters / year Under Construction, expected to COD in 4Q’2019 Total Project Capacity 109,500,000 cubic meters / year No. WHAUP-CS014-2562 4  Shareholding structure before and after transaction

economic recession threatens to the price structure that the Company can not specify the price change with the corresponding changes of cost. Consequently, it affected the profit margin. The Company still

173 million of ending 2018 or 5.64% increased. As a result, the Debts to Equity Ratio as of Q2/2019 was 1.76 times compared to 1.81 times of ending 2018. Sources of Funds : The structure of GC’s funds

: 2.41 Million Baht Proportion of holding shares in WPS Before buying shares : 99.50% After buying shares in this time : 100.00% 4. The shareholding structure before and after acquisition List of

, which had a drop in sales from one of its main customer in the HDD industry; and Indonesia, which is in the process of management structure change and relocation of its office. Meanwhile, revenues from

million from Baht 179 million of ending 2017 or 51.31% increased. As a result, the Debts to Equity Ratio as of Q2/2018 was 1.90 times compared to 1.79 times of ending 2017. Sources of Funds : The structure