the Company has operated. Shareholders’ Equity As at 30 September 2018, shareholders’ equity was Baht 1,667 million which increased by Baht 343 million from Baht 1,324 million as at 31 December 2017

Company completed the private placement of 26,384mn preferred shares to Bangkok Bank Public Company Limited (BBL) at an offering price of THB 0.034, raising proceeds totaling THB 897mn 28 February 2018

,Amphur Muangsamutsakhon,Samutsakhon 74000,Thailand. - 3 - Financial position The Company recorded total assets of Baht 1,728. 88 million as at March 31, 2019, a Baht 1,185. 27 million or 218.04 per cent

Thailand is behind other countries in South East Asian. In 2018, retail industry growth only at 3.9% per annual. The Company engages in retail rental space for retailer more than 1,500 client and operate 3

baht. The Company debt to equity ratio stood at 1.18 times and the interest bearing-debt to equity ratio is 0.94 times and lowers than the same period last year. JAS Asset Management Discussion and

, determination of investment policy, regular company performance monitoring, discussion with company management, exercise of voting right at shareholders? meeting and giving emphasis to reasons or necessity of

ratio stood at 1.58 times and the Interest-Bearing Debt ratio was 1.28 times. Forward Looking In the year of 2017, the Company has expanded its business toward Property Development for sale – Newera

was because the Company capital increase from General Mandate and share premium increased from increase capital. The Company debt to equity ratio stood at 1.58 times and the Interest-Bearing Debt ratio

capital ratio] not less than 7% of general liabilities at the end of any business day. In case of the securities company also licensed to undertake derivatives business in the category of derivatives

securities company shall maintain its net capital not less than 15 million baht and [net capital ratio] not less than 7% of general liabilities at the end of any business day. In case of the securities company