ended 30 June 2017 To: President The Stock Exchange of Thailand The Thai economy expanded in the 2nd quarter driven by the export and tourism sectors. However farm income growth is still subdued, as

percent compared to the same quarter of the previous year because of the new product has been launched for both seaweed snack product and other category including the recovery of domestic market and tourist

exports improved from the previous quarter continuously. Hence, the NESDB has cut down its growth forecast for the Thai economy in 2024 to the range of 2.2-3.2%, in which the supporting factors still being

to certain groups of customers and limited growth in some types of loans amid an uneven economic recovery. In addition, net fees and service income of the banking system continued to enjoy steady

driven by global trade recovery and well-performing trading partners’ economies. Also, tourism sector robustly expanded, reflected from an increasing number of international tourist arrivals especially

performance, please see 2Q 2017 performance analysis. Despite the lower-than-expected recovery of advertising spending during the first half of 2017, the Company expects to see an improvement in advertising

coverage to 8 provinces nationwide Growth from sales of the Mikka franchise as expected During the new outbreak of COVID-19 pandemic, the Company focuses on pop-up stores by adding more service points to

from the slow economic growth of trading partners, the protectionist trade policies between the US and China and the down-cycle of electronic products. In the tourism sector, the number of tourist

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

(Translation) No. 10000000/008/62 22 January 2019 Subject: Resolutions of the Board of Directors’ Meeting regarding the investment in the Energy Recovery Unit Project through the acquisition of the