books production and distribution business and business operation under Nation Global Edutainment Co., LTD. Capital Increase Report Form (F 53-4) (Enclosure 2) Clause 6. Benefits to be received by the

from relocating some product from the old production line to the new one; 4) higher excise tax as well as sugar tax following the Excise Act, B.E. 2560, effective since 16 September 2017; 5) higher R&D

the Company has increased distribution channels to export content since the second quarter of 2018. Costs of program rights business mainly consist of amortization, dubbing and translation costs. For

with the Company’s business is as follows: Investing in the television business in the company, which operates one of the largest free-to-air TV businesses in Indonesia, owning four out of 11 stations

specify in And since matters in Clause 2 to C to Clause 3 are all precedent conditions of one another, should any agenda has not been approved, any previously approved clause shall be void and the

Company’s major export counties.  Export CMG sales decreased by c.50% YoY, since there was some customer ending the distribution contract with some retailer which resulted in reduced sales volume since Q4

ownership to buyers) of 4 projects which details are presented as above table, THB 12.9mn was from F&B business and THB 106.1mn was from other businesses1. In addition, in this quarter, there were one-time

7,883 13.5% SG&A 1,446 1,337 8.3% 5,688 4,947 15.0% Selling and distribution expenses 1,002 903 11.0% 3,902 3,498 11.6% Administrative expenses 444 434 2.5% 1,786 1,449 23.3% EBIT 1,004 1,073 -6.5% 3,999

3,293.90 -537.46 -16.3% Other income 19.49 25.33 -5.84 -23.1% Total revenue 2,775.93 3,319.23 -543.30 -16.4% Cost of goods sold & service 2,427.69 2,882.47 -454.78 -15.8% Selling & distribution expenses

Discussion and Analysis, Q1/2020 Page 2/ 7 Jaymart Public Company Limited Consolidated FS Quarter 1/2019 Quarter 1/2020 Change MB. % MB. % MB. % Selling and distribution expenses 222.4 8.1% 201.1 7.5% -21.3