subsidiaries’ selling expense consist of domestic freight. As of 2018 was 8.33 million Baht, which decreased by 3.61 million Baht or 30.25% from 11.95 million Baht in 2017. Due to most of the sales were ex-work

% 8.2% 11.0% -2.8% Net Profit ex. Extra item 67 71 -6% 64 5% 131 216 -39% Extra item net of tax(2) -1,920 -1,920 Net Profit -1,853 71 -2710% 64 -2995% -1,789 216 -928% EPS (THB/share) -1.81 0.08 -2363

transport expenses for 1.55 million Baht. Due to half of the sales were delivered to customer’s site rather than ex-work and increased in commission expenses by 2.00 million Baht. Administration Expenses The

ลงทุน (USD) (USD) (บาท) หลักทรพัยตางประเทศ หนวยลงทุน AIA Asia EX Japan Equity Fund Class Z USD 18,844.12 293,156.35 285,929.37 8,951,304.86 3.26 AIA Global Multi-Factor Equity Fund Class Z USD 95,544.77

มูลคาท่ีตราไว เงินตรา ตางประเทศ มูลคายุติธรรม รอยละของ มูลคาเงิน ลงทุน (USD) (USD) (บาท) หลักทรัพยตางประเทศ หนวยลงทุน AIA Asia EX Japan Equity Fund Class Z USD 3,172.17 48,779.38 48,132.66

ทุน AIA Asia EX Japan Equity Fund Class Z USD 5,655.96 86,788.68 85,820.08 2,686,683.42 2.85 AIA Global Multi-Factor Equity Fund Class Z USD 21,941.50 270,508.61 281,353.68 8,808,058.31 9.36 AIA Global

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

will adjust our production strategy to match with the domestic consumption and export the foreseeable in future. We would like to sincerely thank all our shareholders for their support and belief in the

million. Total non-current assets decreased by 5% from the year ended 2018. • Total Liabilities As of 31 December 2019, the Company has total liability amounting to THB 2,194 million. Total current

Public Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2019 • Total Liabilities As of 30 June 2019, the Company has total liability amounting to THB 2,854 million. Total current