improvement of employee benefits as well as higher R&D expenses. All above activities have been prepared for the upcoming aggressive growth in the future. 2017 Administrative Expenses The Company and its

branded sales continued to grow remarkably by c.60%, while domestic CMG are back on track for growth from recovered sales plus good feedback of the new product.  Q3/2017 sales grew 9% QoQ due to recovery

Fund Raising of Businesses and Privatization of State Enterprises ■ Support for Unlisted Companies in Preparing to be Listed so that will Pave Way for Long-term Supply of New Products for the SET

, Siam True The Audit Committee has been audited by the Audit Committee and has been considered by the Board of Directors. The Company has prepared a discussion and analysis of the financial statements for

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

products as well as growth from some exiting products. Domestic branded was quite maintained.  Net profit in Q1/2018 was Baht 9 million, a decrease of 92% YoY due to 1) lower sales contribution of export

and according to target. In 2019, Thai economy has decelerated with GDP reported at 2.4% decreased from 4.1% in 2018 as a result of declining in export growth and Baht appreciation. The world-trade

investment will -3- continuously generate returns, growth of the assets, profits and cash flows for the Company and shareholders of the Company in the long term. The three audit committee members do not have

, increase in level of household debt and exceeding supply of the real estate units. The Company has been prepared to cope up with effect of LTV by accelerate spending in sale and promotion activities to

, because the growth of the same store sales of the domestic restaurants and bakery shops are decreased by 3. 2 percent and 7. 2 percent respectively as a result of an domestic economic slowdown and the