1 Bangkok Commercial Asset Management Public Company Limited Management Discussion and Analysis For the first quarter ended March 31, 2020 Bangkok Commercial Asset Management Public Company Limited

Metropolis Office Building and the right to lease land deeds with an area of 2 Rai, 19 Square Wa with total transaction value of THB 1,725m. The Company also has a plan to grant long-term lease of such asset

rail business 5,022 4,736 286 6.0 Revenue from commercial development business 783 705 78 11.1 Total revenue from main business 16,107 15,615 492 3.2 Interest income from the MRT Purple Line Project 380

compared to the same period of a year earlier, the main reason is the increasing in sales of stainless steel sheets, coil and pipe. The average selling price has risen from the previous year, in line with

reduction in the price of raw material which is the main cost of sales of Page 3/6 the Group. The Group also adjusted selling price since May this year. In addition, the new menu launched in July and August

sales decreased because of the drop of main customers’ sales especially who is operate the cable satellite TV station. 2. Summary of operating results by business type - Translation - JKN GLOBAL MEDIA

proven resilient in the past and we expect this to continue into the rest of 2019. The main lime consuming sectors of the industry were not immune to the disruption: the sugar cane harvest was down after a

. As in Q1 the main lime consuming sectors of the industry were not immune to the disruption: the sugar cane harvest was down and uncertainty in the steel industry has caused volumes to drop year on year

same period of a year earlier. The main reasons was the regular increase in sales and administrative expenses while gross margins amount stay flat in the current quarter, despite higher in sales but

2019 was THB 112.0 mm, which increased by 9.4%. For during the first 9 months was THB 312.7 mm, which increased by 20.3%, compared to the same period of last year, mainly due to increase in asset size of