the THB that affected the value of the Company’s overseas assets. • Net debt to equity ratio as of 31 December 2019 stood at 0.48x, an improvement from 0.55x in 31 December 2018. SIGNIFICANT EVENTS

Baht. The Company has invested such capital increase amounting to 100 million Baht. The increase in the share capital of the subsidiary did not change the Company’s proportionate holding in the equity of

company’ s shareholders' equity amounted to THB 888. 66 million, an increase of THB 577.88 million (+185.94%) compared to the end of 2023. This increase was due to the period's profits and the capital

and equipment. Cash spent as working capital to acquire other assets such as higher inventories or loan payments to financial institutions mainly contributed to the decline in total assets. Total

aside additional provisions of Bt57.4 million for employee retirement benefits in 2019, whereas in 2018, the company realized a gain of Bt65.7 million from its previously- held equity interest in an

for investment and working capital. 4. Bangkok Expressway and Metro Public Company Limited entered into the Novation and Debt Repayment Agreement for the MRT Purple Line Project on September 29, 2017 by

, Unit 4, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Tel. 66 2 654 3344 Fax. 66 2 654 3323 The Company pursues a new business strategy which focuses on leveraging the brand equity which is through

proportion by the end of April 2019, Jaymart had exercised the right according to its shareholding proportion to the capital increase which made the Company's proportion of Singer increased to 30.3 percent

Company has company-operated stores and licensed stores as follows. The Company pursues a new business strategy which focuses on leveraging the brand equity which is through franchise model. Such initiative

30.1% Total Liabilities 2,922.7 55.7% 4,896.5 58.5% 1,973.8 67.5% Total Shareholder’s Equity 2,325.2 44.3% 3,446.8 41.2% 1,121.6 48.2%   Management Discussion and Analysis of FS2018 Page 4/5 JMT Network