. Management Discussion and Analysis 3.1 Sales and service income from Property development for the third quarter of 2018 has decreased by Baht 88.54 million or 45.67% when compared to the same quarter of 2017

EKH/CS/2020/030 11 August 2020 Subject: Management Discussion and Analysis for the Second Quarter 2020 results To Directors and Manager The Stock Exchange of Thailand Ekachai Medical Care Public

Management Discussion and Analysis of the Company's operation for the three-month period ended 30 September, 2019 with details as follows: Unit: Million Baht (Unit: Million Baht) Consolidated financial

income until the gross profit being reported differently from the previous periods PAGE 2 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 The Proportion of Gross Profit in Q1/2019 Operating performance by

Income 4 • Revenue recognition of initial franchise fee • *Actual franchise fee recognized in Q3/2019 was THB 0.4 million Management Discussion & Analysis Q3/2019 • Revenue from Dessert Café in Q3/2019 was

as net of financial income 3 Financial PerformanceSignificant EventsExecutive Summary Management Discussion & Analysis Q3/2022 Revenue Q3/21 Q3/22 Change +/(-) 9M/21 9M/22 Change +/(-) (THB Million

in sales and overall gross profit margin and effective management over selling and admin expenses, which compensated higher financial expenses and corporate income tax expenses as mentioned above. Net

investment in associates of THB 107.17 million, management benefit expenses of THB 11.30 million and financial cost of THB 0.11 million, the Company then has loss before income tax of THB 233.29 million. When

of J.S.P. Property Public Company Limited. (J.S.P.), held on , January 31, 2018 has approved J.S.P to dispose the investment of Zenith Management Co., Ltd the detail as follows:- 1. Transaction Date

(Translation) NEP-AC 002/2562 15 May 2019 Subject: Management Discussion and Analysis for 1st Quarter ended 31 March 2019 To : The President The Stock Exchange of Thailand Operating Result NEP Realty