project site location and rendering of related services to clients who operate 17 solar power projects in Thailand, and (2) revenues from the sale of electricity from its own solar power project operated by

Management Discussion and Analysis, Q1/2019 Page 1/4 JMT Network Services Public Company Limited - Translation - Ref: IR62/007 9 May 2019 Subject: Management Discussion and Analysis, 1st Quarter

Q2/2018 ∆% Q1/2019 ∆% Revenues from sales and services 484,581 469,770 3% 489,694 -1% Interest income 2,381 129 1,746% 2,184 9% Gain on disposal of assets - - 2,119 -100% Other income 7,251 3,503 107

regulations: Clause 1 In this Notification: “ regulatory sandbox ” means a framework for experimenting and developing an innovation in a controlled environment to support provision of services related to

regulations: Clause 1 In this Notification: “regulatory sandbox” means a framework for experimenting and developing an innovation in a controlled environment to support provision of services related to capital

% which mainly decreased from the revenue from services. The total cost was reported at THB 139.0 million, decreased by THB 54.1 million or 28.0%. As a result, the gross profit margin for this quarter was

baht, decreased by 16.36 million baht or 61.98% from the previous year as following details. - In 2018, the total services revenue was 365.31 million baht decreased from the previous year by 19.90

the revenue from services and revenue from contract work. The total cost was reported at THB 601.5 million, decreased by THB 93.9 million or 13.5%. The gross profit for the year 2018 was decreased by

million, down from the same period of the previous year by Baht 604.88 million mainly due to decreased revenues from construction services and increased administrative expenses. Revenues from construction

. Revenues from sales and services decreased from Baht 172.58 million to Baht 133.41 million in the amount of Baht 39.17 million. As a result of the slowdown in the real estate market, the Company adjusted its