September 30, 2018 was 1.18 times, compared to 1.27 times as of the end of prior year. Still, the ratio did not exceed 3.00 times, which is the covenant for bank loans and debentures.   Income Statement For

ratio did not exceed 3.00 times, which is the covenant for bank loans and debentures. 3 Income Statement For the year ended December 31 Change Unit: Million Baht 2019 2018 Amount % Revenues from

reinforce the Company’s liquidity and reduce the cost as well. 5 บริษัท เจ. เอส. พ.ีพร็อพเพอร์ตี ้จ ำกดั (มหำชน) J.S.P.PROPERTY PUBLIC COMPANY LIMITED 41/1 ถ.พระรำมที ่2 ซอย 54 แขวงแสมด ำ เขตบำงขุนเทยีน

Company’s consolidated financial statement as of June 30, 2017 was 1.33 times, same as the end of prior year. Still, the ratio did not exceed 3.00 times, which is the covenant for bank loans and debentures

1.27 times as of the end of prior year. Still, the ratio did not exceed 3.00 times, which is the covenant for bank loans and debentures. Please be informed accordingly Sincerely yours (Mr. Prasert

June 30, 2020 was 1.20 times, up from the end of prior year which was 1.00 times. Still, the ratio did not exceed 3.00 times, which is the covenant for bank loans and debentures. 3 Financial Position As

substance of agreement or covenant between the fund and the fund manager; (5) the articles of the fund. [Amended by the Ministerial Regulation No. 9 (B.E. 2543) promulgated under the Provident Fund Act B.E

deposit can reinforce the Company’s liquidity and reduce the cost as well. 10) Opinions of the Audit Committee and/or the Directors of the Company having differing opinions from the Board of Directors of

covenant ratio of the Company. Please be informed accordingly. Sincerely yours, (Mr. Suphot Sirikulapas) Chief Executive Officer

the financial covenant target of below 1.75 times. Please be informed accordingly. Yours sincerely, ___________________ Mr. Yeap Swee Chuan President & CEO