and the volume of MORE stocks to be inconsistent with the normal market condition. SEC Act S.244/3(1)(2) in conjunction with 244/5 244/6 and Section 83 of the Penal Code Criminal Complaint Filed

property to reserve for its expansion projects regarding the committed growth and sustained profitable on such investment to all shareholders as per attached information memorandum regarding the connected

growth of the business since 2018 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on exchange rate, resulting in a decrease in net profit ratio (ROS) from 20.41

total revenue for the six-month period ended 30 June 2019 increased 24.65% from the same period of previous year, the Company had continuously increased its content acquisition to support the growth of

merchandise exports which continued expand with a growth 13.1% consistent with global demand growth and continual increase in crude oil prices. Domestic demand robustly expanded by private consumption which

its content acquisition to support the growth of the business since 2017 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on exchange rate, resulting in a

Company had continuously increased its content acquisition to support the growth of the business since 2017 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on

39.80 Million Baht, or or 10.63%. The main reason of revenue growth resulted from revenue recognition by percentage of completion of projects which were hired on 2017 – 2018. Since 1st January 2019, the

Page | 1 Management Discussion and Analysis Q2/2020 JMART Management Discussion and Analysis Q2/2020 Synergy Digital Transformation eX Growth Business Model Page | 2 Management Discussion and

sentiment, accompanied by growth in public investment which resembled the growth rate from the same period last year. All in all, economic drivers continued to perform well particularly merchandise exports