@halcyon.co.th No. CS-2563/014 14 August 2020 Subject: Management Discussion and Analysis for the 6-Month Period Ended 30 June 2020 To: Directors and Managers The Stock Exchange of Thailand Halcyon Technology

with the Company, the “Group”) which engages in distribution of bakery products and equipment. Analysis of Financial Performance Business categories Operated by For the three-month period ended 30

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

amounting to 131.07 million baht, decreased by 1.52 million baht or 1.15%, from the year 2018, due to the lower sale volume and debt settlement during the period. The Company has no any problem for getting a

managed by a management company. “Unit price” means a selling price or redemption price of investment units. “Price compensation” means an increase or decrease in the number of investment units of any

company licensed to undertake securities business in the category of mutual fund management. “Open-end fund” means a mutual fund which accepts the redemption of investment units, established and managed by

to undertake securities business in the category of mutual fund management. “Open-end fund” means a mutual fund which accepts the redemption of investment units, established and managed by a management

receivable 3 month’s overdue or non-performing loan ratio was 2.67%, increased from 2.35% at the end of last year. The Company could managed account receivable overdue more than 3 months. The coverage ratio of

services from TigerSoft, HUMAN managed to slightly lower cost of sales and services. The overall growth in cost of sales and services was in line with the 29.3% growth in sales and services revenue. Gross

debt recovery and total portfolio and a strong growth of both domestic and overseas subsidiaries. In addition, the Company efficiently managed the funding cost. 2. Financial Status Total Assets As of