Management Discussion and Analysis (MD&A) for the year of 2018 Page 1/7 Jaymart Public Company Limited

last year, total expense to total revenue ratio for the first six months of 2017 and 2018 was 15.25% and 12.46%, respectively. 1. Overview of operating results of the Company and subsidiaries

1 Translation UWC 006/2019 February 26, 2019 Subject : Management Discussion and Analysis for year 2018 To : President of the Stock Exchange of Thailand Ua Withya Public Company Limited ("Company

second quarter ending 30 June 2018, which has already been examined by the Company’s auditor, the results can be summarized as follows: Overview of Performance The performance of the Company and the

30, 2020 as follows: Performance Overview For the first six months of 2020, the Company and its subsidiaries had net loss attributable to equity holders of the Company amounting to Baht 49.83 million

-TRANSLATION- 25 February 2019 Subject : Management Discussion and Analysis for 2018 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in

-TRANSLATION- 25 February 2020 Subject : Management Discussion and Analysis for 2019 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in

-TRANSLATION- 11 August 2017 Subject : Management Discussion and Analysis for Q2/2017 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in

-TRANSLATION- 14 November 2017 Subject : Management Discussion and Analysis for Q3/2017 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance

-TRANSLATION- 28 February 2018 Subject : Management Discussion and Analysis for 2017 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in