JAS Asset Management Discussion and Analysis, Q3/2019 Page 1/4 - Translation - No. J62/010 13 November 2019 Subject: Management Discussion and Analysis, 3rd Quarter Ending 30 September 2019 To

Fax: 02-455-2763 Statement of Financial Position Unit: Million Baht 30 September 2017 31 December 2016 Increased (Decreased) Percentage Assets Current assets Cash and cash equivalents 228.83 286.51

-455-2763 Statement of Financial Position Unit: Million Baht 31 December 2018 31 December 2017 Increased (Decreased) Percentage Assets Current assets Cash and cash equivalents 212.68 347.12 (134.44

Increased (Decreased) Percentage Assets Current assets Cash and cash equivalents 284.14 347.12 (62.98) (18.14%) Temporary investments 40.48 40.65 (0.17) (0.42%) Trade and other receivables 341.72 349.82 (8.10

September 2018 31 December 2017 Increased (Decreased) Percentage Assets Current assets Cash and cash equivalents 200.53 347.12 (146.59) (42.23%) Temporary investments 40.66 40.65 0.01 0.02% Trade and other

8.48 M.Bht 2. Financial Status and Major Financial Ratio Item Unit Y2017 Y2016 Y2015 1.Current Ratio Times 9.42 5.86 1.98 2.Quick Ratio Times 3.16 2.70 0.68 3.Collection Period Day 46 41 43 4.Payment

Business increased 192.63 M.Bht or 271% cause of sales condominium which finished the construction in year 2018. 2. Financial Status and Major Financial Ratio Item Unit Y2018 Y2017 Y2016 1.Current Ratio

useful lives Depreciation using current estimated useful lives Q1 2020 Balance Sheet: Total Asset 12,243 12,339 Balance Sheet: Total Equity 4,108 4,226 Income Statement (854) (736) Period of Separated

and the management, discussed approaches that the SET could adopt to review rules relating to securities trading in cash account, particularly in placing asset as collateral before purchasing in

., the subsidiary of the Company, and change in the accounting policy regarding the record of the land appraisal To: President The Stock Exchange of Thailand Attachment: Information Memorandum on the Asset