Microsoft Word - Clarification of Change more than 20%_NMG YE 2017.docx Clarification on Percentage of Change More Than 20% The consolidated financial statements of Nation Multimedia Group Public

higher selling price and higher sale volume in CNF incoterm, while lower unit sold and appreciation of Thai baht against US dollar. . Cost of goods sold and expenses Three-month (Thousands Baht) Change

Baht) 1st Quarter Change Amount % Cost of goods sold -244,141 -231,102 -13,039 5.64% Selling expenses -54,924 -31,374 -23,550 75.06% Administrative expenses -19,711 -21,577 1,866 -8.65% Finance Costs

for a reason of increasing in gain from exchange rate. 1.2 Cost of goods sold and expenses Consolidated (Thousands Baht) 1st Quarter Change 2019 2018 Amount % Cost of goods sold -453,166 -244,141

(Thousands Baht) 1st Quarter Change 2020 2019 Amount % Cost of goods sold -485,054 -453,166 -31,888 7.04% Selling expenses -65,815 -84,692 18,877 -22.29% Administrative expenses -38,243 -14,091 -24,152 171.40

quarter of 2018) as follows: Unit : million baht Q4/17 Q3/18 Q4/18 Change +/(-) QoQ % YoY % Net Revenue 191.39 271.57 244.40 -27.17 -10.01 53.01 27.70 Cost of Goods Sold 180.66 217.04 200.32 -16.72 -7.71

2018 (4th quarter of 2018) as follows: Unit : million baht Q4/17 Q3/18 Q4/18 Change +/(-) QoQ % YoY % Net Revenue 191.39 271.57 244.40 -27.17 -10.01 53.01 27.70 Cost of Goods Sold 180.66 217.04 200.32

volume and higher sale volume in CNF incoterm. . Cost of goods sold and expenses (Thousands Baht) Year Change 4th Quarter Change Amount % Amount % Cost of goods sold (1,060,184) (935,107) (125,077

management since the end of last year by focusing on reduction in subcontractor cost as a necessity and change some organizational structure to suit with the current situation. Discussion and Analysis of the

to Baht. • The effect of sales promotion and exchange rate cause us to have a loss for 2.63 million Baht in this quarter. • There is no substantial change in raw material’s cost. http