Management Discussion and Analysis Q1/2019 Page 1/4 JAS Asset Public Company Limited - Translation - IR62/006 8 May 2019 Subject: Management Discussion and Analysis, 1st Quarter Ending 31 March 2019

, increased by Baht 200 million or 28% from Q4/2017. The increase is mainly due to the rise in sales of electricity to Electricity Generating Authority of Thailand (EGAT) as the COD of both phases of IRPC Clean

investment from restructuring the asset structure of group companies. The profit from selling Dusit Thani Maldives Hotel to DREIT in 3Q19 was used for the new investments which some of them generated immediate

using the capital investment from restructuring the asset structure of group companies. The profit from selling Dusit Thani Maldives Hotel to DREIT in 3Q19 was used for the new investments which some of

EBITDA of THB 2,992 million. Performance softened partly as in Q1/2017 and Q4/2017 recorded several non-recurring items, such as interest income from income tax return, gain from selling of asset, and

equipment sales and increased in number of registered vehicles for investment purposes. Exports during the first 2 months of 2019 registered a slight increase of 0.2% yoy, decelerating from the same period

, the changes are as follows: - 1) total assets as of 31 December 2018 before retrospectively adjust was THB 14,329.7mn and after the retrospectively adjust was THB 14,376.4mn, an increase of THB 46.7mn

JAS Asset Management Discussion and Analysis, Q3/2019 Page 1/4 - Translation - No. J62/010 13 November 2019 Subject: Management Discussion and Analysis, 3rd Quarter Ending 30 September 2019 To

SEC has established relevant regulatory guidelines governing the establishment and management of Thai ESGX, and a total of 37 Thai ESGX from 19 asset management companies (AMCs) are seeking the SEC’s

of the B20 and B10 diesel with special grade within Bangchak service stations to increase availability coverage. The company developed the “Bangchak Hi-Diesel B20 S” and “Bangchak Hi-Diesel S B10