%) 100.00% 148.40% Cost of sales (34.89 ) (48.06 ) 13.17 (27.41%) (76.73%) (105.71%) Gross Profit 10.58 19.41 (8.83 ) (45.50%) 23.27% 28.77% Other income 3.02 2.78 0.24 8.53% 6.64% 4.12% Distribution costs

expenses of project work that has closed the work as per the purchase order along with the delivered income.  Cost of distribution of 6.18 Million Baht as 3.55 Million Baht decrease or 36.49 Million Baht

Discussion and Analysis, Q1/2020 Page 2/ 7 Jaymart Public Company Limited Consolidated FS Quarter 1/2019 Quarter 1/2020 Change MB. % MB. % MB. % Selling and distribution expenses 222.4 8.1% 201.1 7.5% -21.3

from power plant is Baht 44.89 million, or 47.12%. By an increase of Baht 43.67 million from the Solar power plant, Kurihara 2 project in Japan which began commercial electricity distribution (COD) on 25

Distribution costs (22.38) (17.76) 4.62 (2.60) (19.06) (11.12) Adminitretive expenses (73.01) (72.76) 0.25 (0.34) (62.19) (45.54) Other expenses Doubful accounts 0.80 0.86 (0.06) (6.98) 0.68 0.54 Finance costs

) Distribution costs 7.75 6.26 1.49 0.24 Administrative expenses 22.26 21.25 1.01 0.05 Doubtful accounts 0.66 0.24 0.42 1.75 Impairment loss of deposit for land - 40.50 (40.50 ) (1.00 ) Loss on cancel of joint

in the same period of the previous year. This was mainly due to an increase of approximately Baht 12.26 million in fee for product distribution, for which the Company has since September 2018 engaged

contractor installing solar panels. 3. The company has distribution costs and administrative expenses of 17.00 million baht, decreased 18.96 million baht representing 52.72 percent mainly due to the same

administrative expenses of 38 . 5 1 million baht, a decrease of 18.24 million baht or 32.14% due to 3.1 Cost of distribution decreased in the amount of 1.95 million baht, a decrease of 2.55 million baht or 56.62

concerning Rules for Delivery and Distribution of Prospectus and Offering of Investment Units and the Notifications of the Office of the Securities and Exchange Commission, guidelines, orders and circulars