of shop expansion, marketing and development of the new international business of automotive part and accessories and increasing of both domestic and international sales promotion and marketing

is in the group of the retail industry that focuses on the rental space for retailers selling mobile phones and accessories along with Community Mall development. However, the growth rate in the said

the same period of the previous year by 19.32 million baht which is in the same direction as income. Expenses include Cost of sales - real estate development business in the amount of 24.35 million baht

increased as the target and the direction in the third and fourth quarters still support the growth of businesses Management Discussion and Analysis (MD&A) for Q2/2019 Page 2/7 Jaymart Public Company Limited

("The Company") and its subsidiaries operates a property development business, with a total of 4 projects, World Industrial Estate Project (Lamphun) Project, Lamphun Province, divided into Industrial area

Page | 1 Management Discussion and Analysis Q2/2020 JMART Management Discussion and Analysis Q2/2020 Synergy Digital Transformation eX Growth Business Model Page | 2 Management Discussion and

soon as possible. Details of development and the direction of each business line's performance explained as follows. 1. Mobile phone distribution and its accessories Jaymart Mobile Company Limited, the

annual growth rate (CAGR) in revenue of at least 13% per year. The strategic direction to expand the business through mixed-use development, such as new shopping malls, enhancement of existing shopping

19.07 million, which is in the same direction as income. Expenses include Cost of sales - real estate development business in the amounted to Baht 18.10 million. Selling and administrative expenses

to Baht 25.80 million, an increase of Baht 14.28 million, which is in the same direction as income. Expenses include Cost of sales - real estate development business in the amounted to Baht 18.18