Management Discussion and Analysis Q2/2020 Page 1/6 JAS Asset Management Discussion and Analysis Q2/2020 Retail Synergy Management Discussion and Analysis Q2/2020 Page 2/6 J63/015 11 August 2020

ที่บชง Page 1 of 4 Ref. Bor Chor Ngor 0048/2020 26 February 2020 Subject: Management Discussion and Analysis of Operating Results for Fiscal Year 2019 To President The Stock Exchange of Thailand

บริษัท เอบิโก้ โฮลดิง้ส์ จ ำกดั (มหำชน) 401/1 หมู่ 8 อำคำรเอบิโก้ ช้ัน 5 ถ.พหลโยธิน ต.คูคต อ.ล ำลูกกำ จ.ปทุมธำนี 12130 โทร 02-080-7899 โทรสำร 02-080-7805 Management Discussion and Analysis (MD&A

% compared to the same period of last year due to the soap opera revenue recognition from Television program production and distribution business and growth in the creation and management of integrated

2Q 2018, an increase of THB 4. 82 million or 3. 81% . Earnings per share remained the same as last year which were THB 0.12. Details were as follows: Operating Results 2019 2018 Increase (Decrease

: Management explanation and analysis Quarter 2/2020 ending 30 June 2020 Attention: The President of, The Stock Exchange of Thailand ZIGA Innovation Public Company Limited (“the Company”) would like to clarify

, the management benefit was 3.77 million baht compare to 3.69 million baht, increase by 0.08 million or 2.17% increased which is not significant changes compare to last year. 6. Financial cost For

“Company”) delivered a revenue of 273.96mb ( Q2 2018: 254. 34mb) , a marginal increase of 19. 62mb or 7. 7% . For Q2 2019, revenue from HR Solutions contributed to an increase of 12.62mb or 6.3% to our

for the increase is due to higher trade receivables and cash on hand. Cash surplus increased by 11.39mb or 10.2% due to our cash flow generated from operations and good working capital management. (b

security patients which generated high margin and effect of increase of social security payment rate in 1H’18. Moreover, the efficient cost management such as medicine & medical supplies as well as the