ประเทศ % ของ NAV ธนาคาร 25.21 UNIT TRUST 15.37 เทคโนโลยสีารสนเทศและการสื่อสาร 10.92 เหลก็ 7.49 พฒันาอสงัหารมิทรพัย ์ 6.96 ประเทศ % ของ NAV Unit Trust Equity - VND : VietFund Management : FUEVFVND VN 8.93

Resorts, which will become subsidiaries of the Company after the purchase of the equity of the Target Company, enter into Hotel Management Agreements with companies in the Seller Group concerning the

interest bearing debt to equity is 0.68 times. Management Discussion and Analysis Q2/2020 Page 5/6 Forward Looking Q2/2020 is a significant adjustment for the Company's business under the COVID-19 situation

liabilities and shareholders’ equity 813.42 100.00% 864.16 100.00% 4 Management Discussion and Analysis for the period ended Q1/2021  Total assets As at 31 March 2021, the Company’ s total assets are amounting

expenses for management service. The group’s equity increased by Baht 9 million, mainly due to operating income of Q1/2020. March 31 December 31 2020 2019 Current assets 987 996 (9) Non-current assets 1,201

Director Ratio Analysis : Consolidated Financial Statements 1Q 1Q Unit : THB million 2019 2018 Returns (%) Return on Assets * 4.4% 3.1% Return on Equity * 5.6% 3.6% Working Capital Management (Days) Trade

2019 Returns (%) Return on Assets * 15.5% 10.9% Return on Equity * 18.6% 13.7% Working Capital Management (Days) Trade Receivable Period 71 74 Inventory Period ** 42 31 Trade Payable Period 53 51

(%) Return on Asset 11% 6% Return on Equity 12% 8% Working Capital Management (Days) Trade Receivable Period 74 72 Inventory Period * 36 44 Trade Payable Period 46 50 Leverage Ratios (x) Interest Coverage 91 9

% 37.9% Return on Equity * 22.4% 47.6% Working Capital Management (Days) Trade Receivable Period 62 74 Inventory Period ** 40 37 Trade Payable Period 46 46 Leverage Ratios (x) Interest Coverage 3,923.2

end of 2017. The Company’s debt to equity ratio was 1.59 times while the interest bearing debt to equity ratio was 1.29 times. Management Discussion and Analysis Q1/2018 Page 4/4 JAS Asset Public