Management Discussion and Analysis Q1/2018 Page 1/4 JAS Asset Public Company Limited - Translation - IR61/006 10 May 2018 Subject: Management Discussion and Analysis, 1st Quarter Ending 31 March 2018

2017 to be Baht 546 million in ending 2018, or 16.78% increased resulting from higher inventory purchase volume. While trade accounts receivable was decreased by Baht 34 million from Baht 612 million in

/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

-end 2018. This was mainly due to the increase in trade accounts receivable by Bath 85 million from Baht 578 million in year-end 2018 to be Baht 663 million of ending Q1/2019, or 14.72% increased

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

JAS Asset Management Discussion and Analysis, Q2/2019 Page1/4 - Translation - No. J62/008 6 August 2019 Subject: Management Discussion and Analysis, 2nd Quarter Ending 30 June 2019 Attention

2018 to be Baht 602 million of ending Q2/2019, or 4.17% increased resulting from the higher collection period. While inventory showed Baht 536 million as of 30 June 2019, a decrease of Baht 10 million or

Management Discussion and Analysis, Q2/2018 Page 1/3 Ref: IR61/014 10 August 2018 Subject: Management Discussion and Analysis, 2nd Quarter Ending 30 June 2018 To : President The Stock Exchange of

. While inventory showed Baht 445 million as of 31 March 2020, an increase of Baht 36 million from Baht 409 million of ending 2019 or 8.79% increased resulting from the lower purchasing volume during year

Management Discussion and Analysis Q1/2020 Page 1/4 JAS Asset Public Company Limited - Translation - IR63/009 15 May 2020 Subject: Management Discussion and Analysis, 1st Quarter Ending 31 March 2020