Management Discussion and Analysis, Q1/2020 Page 1/4 JMT Network Services Public Company Limited - Translation - Ref: IR63/009 13 May 2020 Subject: Management Discussion and Analysis, 1st Quarter

After You Public Company Limited (the “Company”) operates dessert and bakery businesses. The Company divided its businesses into 2 categories, including 1) Dessert café and beverage outlet. As of 31

(net) of Baht 15.46 million and dividend payment of Baht 90.13 million. From the above activities, the Company had a net increase in cash and cash equivalents of Baht 93.44 million, with cash brought

revenues of the Company for year 2019 was 4,647.7 million baht or rose by 66.7 percent. Main contributions of unallocated revenues were dividend income from BDMS, reversal of accrued concession fee from

- Increase proportion of investing in the company which has potential and opportunity to grow continuously. - Return on investment in form of dividend income. Source of funds : Company working capital

1,223.2 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2020 Page 6/20 Items Quarter Variance 1/2020 1/2019 Amount (%YoY) Dividend income

company and its subsidiaries, mostly in Infrastructure Funds (IFF) at 86.57 %, Property Funds (PF) at 3.99% and REITs at 9.45%. The objective of investments was to receive consistent dividend and high

interim dividend payment. Return on assets was 14.8%, slightly decreasing from previous quarter. The Company still focuses on managing assets to increase the asset utilization efficiency. Return on equity

payment through trust receipt at Baht 25 million and dividend payment to shareholders paid Baht 88 million while the Company had an increase of short-term loan through trust receipt at Baht 8 million while

of the company has decreased in the amount of THB 124 million from THB 2,625 million to THB 2,501 million, which mainly resulted from the dividend payment 9M 2018 in the amount of THB 417 million The