of eleven (11) branches of Kitchen Plus restaurant is reasonable and beneficial to the Company and its shareholders, and also serves as the Company’s business expansion to food segment. 9. Opinion of

- Translation - Ref. J61/001 22 February 2018 Subject: Management Discussion and Analysis for Yearly Ending 2017 To: President The Stock Exchange of Thailand Pursuant to JAS Asset Public Company Limited (the

: Management Discussion and Analysis for Yearly Ending 2017 (Edited) To: President The Stock Exchange of Thailand Pursuant to JAS Asset Public Company Limited (the “Company”) Board of Meeting No.1/2018 on 22

profit is consistent with the increase in the growth of revenue from expansion of business of the company. However, the Gross profit margin has slightly decreased due to cost of program right growth

expansion of the digital network of the Company Group domestically and internationally. August • Received proceeds from a rights offering (“RO”) of THB 1,376mn through new issuance of 688mn ordinary shares at

บริษัท ทาคูนิ กรุ๊ป จ ากดั (มหาชน) เลขที่ 140/1 ถนนกาญจนาภิเษก แขวง/เขตบางแค จังหวัดกรุงเทพฯ 10160 โทร. 02-455-2888 แฟกซ์. 02-455-2763 TAKUNI GROUP PUBLIC COMPANY LIMITED 140/1 KHANJANAPISEK RD

1 Ref FN. 047/2019 Management Discussion and Analysis For operation of the third quarter of year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

4.3% YoY to THB 1,462mn mainly due to the expansion of hotel business through new hotels launch, through new acquisitions and the contribution from acquired assets under the Entire Business Transfer of

increase of 717.67 million baht is to further develop the company’s current business operations in the lines of consumer products, real estate and entertainment industries, and to support business expansion

operators shared their experience in preparing to enter the capital market, namely Mr. Boonyong Tansakul., Chief Executive Officer of Zen Corporation Group Public Company Limited, Mr. Rakti Yuankratok