3122.1% Cost of sales - 151.2 - 216.3 30.1% Selling expenses - 5.3 - 5.4 2.7% Administrative expenses - 9.6 - 10.7 10.8% Finance costs - 3.1 - 2.8 -9.7% Profit for the period 17.2 5.3 222.9% Net Profit 9.1

Baht) Q3/2017 Q3/2016 Change Revenue 186 227 (41) Gross profit margin 62 89 (27) Selling Expenses 17 28 (11) Administrative Expenses 18 19 (1) Finance cost 5 5 - Net profit 19 28 (9) In overall, the

-20.0% Doubtful debts from the voiding of contract 320 - 100.0% Finance cost 21 19 9.5% Net profit -236 113 308.5% In overall, the Company and its subsidiaries have a net profit in the year 2017 of -236

shown below: (Unit : Million Baht) 2017 2016 Change Revenue 837 849 -1.4% Gross profit margin 293 342 -14.3% Selling Expenses 80 96 -16.7% Doubtful debts from the voiding of contract 320 - 100.0% Finance

company has total asset of Baht 940.9 million decreased from last year by Baht 77.1 million, total liabilities in Baht 355.9 million decreased from last year by Baht 88.7 million and shareholders’ equity of

%) Finance cost 3,867 8,282 (4,415) (53.31%) In overall, the Company and its subsidiaries had a net profit in the year 2019 of 106.6 MB with decrease of 22.0 MB or 17.14 percent, when compared to the year 2018

Management Discussion and Analysis Q1/2018 Page 1/4 JAS Asset Public Company Limited - Translation - IR61/006 10 May 2018 Subject: Management Discussion and Analysis, 1st Quarter Ending 31 March 2018

Digital asset business operators have expanded their business to cover services related to the use of digital assets as a means of payment for goods and services. Some have solicited businesses by

US Dollar. Whilst in last year quarter there was gain from exchange rate amounting to Baht 83 million. 6. Finance cost The Company and subsidiary had total finance cost of Baht 215 million which

Mr. Arkhom Termpittayapaisith, Minister of Finance, presided over the public conference and gave a keynote address on the topic, “Capital Market Development Policy: Mechanism to revive Thai Economy