- Translation - Management Discussion and Analysis of the Company’s Performance for the year ended 31 December 2019 - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management Discussion and

company in the following matters: (1) Risk management oversight system. Policy and practices in managing risk arising from the undertaking of fund management business shall be prescribed in writing and the

in writing with an approval from the board of directors of the company in the following matters: (1) Risk management oversight system. Policy and practices in managing risk arising from the undertaking

1 Bangkok Commercial Asset Management Public Company Limited Management Discussion and Analysis For the first quarter ended March 31, 2020 Bangkok Commercial Asset Management Public Company Limited

- Translation - Management Discussion and Analysis of the Company’s Performance for the nine-month period ended 30 September 2019 - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management

management service to other companies so as to generate recurring income for the organization. All aspects of the business operation are revised, enabling the Company to grow in a sustainable manner and in

Differentiate (Unit: Million THB) Million THB % Million THB % Million THB % Revenue Revenues from sales of real estate 8,764.9 87.8 14,523.1 87.3 5,758.2 65.7 Revenues from project management 487.5 4.9 1,225.9

4,980.73 to 1,817.28 million THB. Around 72% is the inventory but the gross profit is maintained at 30% of income. Moreover, the management expense is controlled and has decreased 31.25% from that of the

expenses on ownership transfer) and expenses on management to be 43.17% and 7.43% lower than those of the same quarter of the previous year respectively. Statement of financial position as of 30 September

management fee. In late 2016, The Company also made investment in Park Court Project which was operated by Munkong Living Co. , Ltd. Park Court was a high-end residential condominium project for lease and sale