to 31.77 percent as at June 30, 2019 or an increase of 10.99 percent, due to an increase in annualized projected annual net profit of 62.70 percent but there was an increase in the shareholders' equity

percent as at end of 2018 to 29.60 percent as at September 30, 2019 or an increase of 8.82 percent, due to an increase in annualized projected annual net profit of 49.51 percent but there was an increase in

Group’s ROE increased from 26.37 percent as at end of 2019 to 33.67 percent as at June 30, 2020 or an increase of 7.30 percent, due to an increase in annualized - 7 - projected annual net profit of 22.75

MD&A Q4_2018 (Eng.) February 21, 2019 Subject : Yearly Management Discussion and Analysis of 2018 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

/5 - Translation - Ref. J62/003 25 February 2019 Subject: Management Discussion and Analysis for Yearly Ending 2018 To: President The Stock Exchange of Thailand Regarding to JAS Asset Public Company

MDA 2017 (Eng.) February 20, 2018 Subject : Yearly Management Discussion and Analysis of 2017 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements of

- Translation - Ref. J61/001 22 February 2018 Subject: Management Discussion and Analysis for Yearly Ending 2017 To: President The Stock Exchange of Thailand Pursuant to JAS Asset Public Company Limited (the

: Management Discussion and Analysis for Yearly Ending 2017 (Edited) To: President The Stock Exchange of Thailand Pursuant to JAS Asset Public Company Limited (the “Company”) Board of Meeting No.1/2018 on 22

MD&A Q4_2019 (Eng ) February 19, 2020 Subject : Yearly Management Discussion and Analysis of 2019 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

comply with the Related-Party Transaction, which was approved by the Board of Directors. In such case, the Management shall report to the Audit Committee and the Board of Directors on a yearly basis