the company managed to reduce the cost of raw material to be cheaper that the same period last year. Selling and Administrative Expenses For the six-month period ended 30 June 2019, the Company’s

million or 23.02%, due to the baht appreciation. Made in the currency of Dorar. Make profit decrease. The company has already managed by reviewing new contracts with customers. This will take effect in May

since the Company is on the investment process in other projects that have not been starting the commercial operation such as the power plant project in Myanmar managed by Green Earth Power (Thailand) Co

can be managed. Thus, you have been informed for your acknowledgment. Sincerely Yours, -Singed - (Mr. Suphot Sirikulapas) Chief Executive Officer Investor Relations Department JAS Asset Public Company

country. Furthermore, the profit improvement is due to how the company has managed the products more efficiently after expanding of warehouse as well as brand recognition marketing keep more stability on

period ended June increase of 14% are mainly from increase in sales, COGs and stock control, and wel-managed in administrative expenses. • Administrative expense for 3-month period ended June reduced

million in 6M20, decreased by 44.4% YoY. This decrease was from the temporary closure of managed hotels as a result of COVID-19 pandemic. Loss sharing from Investments The Company had loss sharing from

from pre-acquisition level of 35% to 56% by end of 2019. IRSL refinanced its outstanding debt with banks in India and managed to reduce cost of financing for funded long term facility by 8% p.a. and for

and await for certification from Ministry of Commerce, moreover professional and consulting expenses arise before current management of company took over and managed from June 18, 2020 (reference from

to the company managed the inventory level appropriately to reduce storage costs and reduce the burden of working capital. In addition, unbilled income for project work decreased by 33.82 million baht