time outside and its strength as being a media which is able to build on brand awareness amongst a wide audience which made it more attractive to media customers. MACO outperformed the overall industry

Condominiums launched in 2016 are in the midst of ownership transfer, which will be completed within 2018. • Residential projects that are completed and in the process of transfer to customers at 3 locations

property sublet rights to CPNREIT to consider the extension of the leasehold of CentralPlaza Rama 2. Condominiums launched in 2016 are in the midst of ownership transfer, which will be completed within 2018

next to main road close to Bangkae, Kanjanaphisek, Petchkasem road and express way amongst facilities such as markets, shopping centers, schools and hospitals. Residential projects that are completed and

first major period of generational succession. • Succession versus professionalization. - Surveys suggest preference amongst Asian family-firms for succession but growing recognition of need for

conditions stated therein. The proposed sell-down of the Units is strictly a f inancing exercise to fund, amongst other things, working capital needs and to pay the Company’s indebtedness and liabilit ies

stated therein. The sale price was determined through a book building process. The proposed sell-down of the Units is strictly a financing exercise to fund, amongst other things, working capital needs and

(0.65) 0.48 -1.13 Crude Oil Price Situation Dubai crude price in Q2/2020 on average declined by 19.69 $/BBL when compared to Q1/2020, due to pressure from demand for fuel remaining at the low level amidst

In the midst of the branch closing situation during the period that the company was affected by the Covid 19 situation. Management Discussion and Analysis, Q1/2020 Page 5/ 7 Jaymart Public Company

addressed impact of GPR on the economy (Bloom, 2009), domestic credits, (Zhou, Gozgor, Huang, & Lau, 2020), firm’s capital structure (Kotcharin & Maneenop, 2020), corporate investments, amongst others