months were 45.9% and 53.2%, respectively. These gross margins had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the

calculation of transaction size of each method are as follows: Method Calculation Formula Transaction Size 1. Net tangible assets method Net tangible asset of the acquired company x 100 Net tangible asset of

91.52%, which is based on the Criteria of Total Value of Consideration, which is the highest result. Including of the Company does not have any assets acquired or disposed of during the 6 months prior to

of the calculation of transaction size of each method are as follows: Method Calculation Formula Transaction Size 1. Net tangible assets method Net tangible asset of the acquired company x 100 Net

no acquisition transaction during the past 6 months. 5) Details of Assets Acquired The Company will enter into the transaction of purchasing of machine for the phase 2 of the flexible packaging with

and the Company has no acquisition transaction during the past 6 months. 5) Details of Assets Acquired The Company will enter into the transaction of purchasing of machine for the phase 2 of the

tangible asset of the acquired company x 100 Net tangible asset of the Company 103.44% = Baht 3,411.99 million x 40% x 100 Baht 1,319.42 million 2. Net profit method Net profit of the acquired company x 100

was 551 MTHB, increased by 330 MTHB comparing to its amount of 221 MTHB in 2017 as a result of more machinery and equipment acquired during major turnaround in 2018. 3. In 2018, the net cash flow used

services income increasing. The Company acquired non-performing loan by using the budget amount of 2,351 million bath in 9-month period of 2019. Management Discussion and Analysis, Q3/2019 Page3/4 JMT

amounted to 43.92 million baht, compared with 21.66 million baht of the same period of the previous year, an increase of t 22.26 million baht or 102.77 percent. The company has acquired Sun Express Logistics