JAS Asset Public Company Limited Q1/2017 Q1/2018 Change MB. % MB. % MB. % Tax -0.1 -0.1% 3 1.7% 3.1 -3,100.0% Net Profit attribute to Shareholders (Loss) -4.0 -2.2% 0.4 0.2% 4.4 -8.1% Rental and Service

the operation (32.7) (203.8) 171.1 84.0% Gain (Loss) from temporary investment (15.7) (75.2) 59.5 79.1% Profit (Loss) for the year (48.4) (279.0) 230.6 82.6% Net Profit/(Loss) from the year attribute to

3.0 1.7% 3.3 1.9% 0.3 10.0% Net Profit attribute to Shareholders (Loss) 0.4 0.2% 0.5 0.3% 0.1 25.0% Management Discussion and Analysis Q1/2019 Page 2/4 JAS Asset Public Company Limited Rental and

% (82.5) (86.8) (4.3) 5.2% Net Profit attribute to Equity Holder of the Company 119.9 148.5 28.6 23.9% 236.0 293.0 57.0 24.2% Total Revenues The Company’s total income for the second quarter of 2019 equaled

(35.9) (39.3) 9.6% (54.2) (82.5) 52.2% Net Profit attribute to Equity Holder of the Company 124.8 119.9 -3.9% 198.0 236.0 19.2% Total Revenues The Company’s total income for the second quarter of 2018

239.3 -319 -57.1% Finance Cost 71.2 111.9 40.7 57.1% 134.7 210.9 76 56.6% Tax Expenses 59.5 19.4 -40.1 -67.4% 62.4 36.6 -26 -41.3% Net Profit attribute to Equity’s Shareholders. 148.1 44.5 -103.6 -69.9

our food retailing in Vietnam category. We attribute growth in SSSG in our food retailing in Vietnam category to our ongoing turnaround efforts with respect to Big C, which have resulted in improved

net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to prepare

. Cost and selling and administrative expenses in 2016 decreased by 74 million Baht compared to the previous year. The main reason was the decrease of cost on raw material and machinery maintenance

investment in machinery to improve production efficiency and reduce production cost, in order to prepare for an increased level of production in the future.  Q3/2017 net profit rebounded remarkably by 27% QoQ