- 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

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

one of the future growth strategies. The expansion plan for the first quarter is still in line with the plan. The company has opened one new HomePro S store at The Paseo Kanchanapisek. As of the first

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 18 February 2019 No. ZEN 2562-004 Subject Management Discussion and Analysis for