the same period of previous year. The main reason was due to the asset monetization to WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (WHART) and HREIT in the late 2017 and the

new business to support future growth complied with the policy of synergy in group companies. Jaymart has been expanding business focusing on the retail business and preceding transformed into the

administrative expenses (including research and development – R&D) in 2019 went up 10.9% from 2018. The cause was the enhancement of the R&D team in German, due to Electric Vehicle business growth in Europe, went

Property Business 2. To enable continuous growth in the Company’s assets, profits, and cash flows. 6. Sources of Funding Internal Working Capital 7. The Board of Directors regarding the transaction. The

profit of Baht 715 million for 2016 because of the growth of "Boonterm Kiosk" business. Expenses and expenses to revenues from main business 2017 2016 Increase (decrease) Million Baht % Million Baht

Company Limited - Translation - Ref: IR61/007 26 February 2018 Re: Management Discussion and Analysis for Yearly Ending 2016 To: President The Stock Exchange of Thailand Pursuant to Jaymart Public Company

วงเวลา % ตอป Year to Date ยอนหลัง 1 เดือน ยอนหลัง 3 เดือน ยอนหลัง 6 เดือน ยอนหลัง 1 ป ยอนหลัง 3 ป ยอนหลัง 5 ป ยอนหลัง 10 ป นับจากวันเริ่ม โครงการ (1 ธ.ค. 2563) AIA-GAA 10.02% -2.88% -0.56

%, compared to a growth of 1.5% in the previous quarter, according to data from Bank of Thailand and NESDB. This was mainly from contraction of export sector due to sluggish demand in the global market, oil

To : President The Stock Exchange of Thailand K. W. Metal Work Public Company Limited (the “Company”) would like to submit management discussion and analysis for the year ended December 31, 2018 with

forecast for MACO at a growth rate of 30 – 35%, or standing at the range of THB 2,300 – 2,400mn. Despite the unexpected circumstances, we aim to turn those challenges to our advantage and strengthen