, as well as the outstanding credit card balances, despite an increase in credit card spending. Nonetheless, macroeconomic factors and government stimulus measures remain influential, particularly the

the first quarter of 2023 and increased by 0.7% in 2Q/2023. For the 2Q/2023, the Company has total new sales increased by 7% y-y, mainly due to the continual increase in credit card spending and

/2023 of 2023 to 90.9 in 2Q/2023. For the 3Q/2023, the Company has total new sales and credit card spending increased by 5 % y-y, mainly due to the continual increase in credit card spending and marketing

: Million Baht Consolidated Separated 1Q23 1Q24 %YoY 1Q23 1Q24 %YoY Credit card income Loan income Hire-purchase income Other income 1,951 2,534 240 734 1,898 2,475 283 851 (3%) (2%) 18% 16% 1,910 2,512 61

profit margin from sales of the Company and subsidiary companies increase 28.71% and 2.25% respectively. It derives from the main income of 11,252.25 million THB in 2018 which increases 17.05% or 1,639.40

margin stood at 58.1% higher than 2017.   Management Discussion and Analysis of FS2018 Page 3/5 JMT Network Services Public Company Limited Administrative Expenses In 2018, the Company incurred

differences on translation 0.03 0.04 -5.98% (0.50) 0.18 -383.97% (92.37) (91.12) 1.36% (570.13) (160.91) 254.33% (91.10) (69.47) 31.13% (558.09) (130.49) 327.68% Gross Profit Margin -13.76% 6.02% -19.79% -32.90

% EBITDA Margin (%) 5.9% 7.8% -1.9% 1.4% 4.5% 3.8% 5.7% -1.9% Stock Gain/(Loss) & NRV -13 -24 -46% 13 -200% -132 -463 -71% Adjusted EBITDA(1) 239 310 -23% 31 671% 631 1,386 -54% Adjusted EBITDA Margin

according to the resolution of the general meeting 1/2019 in the amount of THB 41.6 MB. And net profit of year 2019 increased THB 37.2 MB The Company plan to improve the profit margin and has a road map for

889m with the gross margin being 11% in 2019 down 3 percentage points from 14% in 2018, due to lower sales revenue and stronger THB/USD exchange rate. Operating Profit Analysis The Operating profit