construction is completed and the ownership of such construction project has been transferred to the customers. 1. As of 30 September 2017, Details and progress of the Company’s residential projects are as

residential condominium units in the statement of comprehensive income when the real estate project has been completed and transferred to the customers. MahaNakhon Project: The Company sold 4 residences of the

completed. 3Q 2019 PERFORMANCE ANALYSIS (YoY) In 3Q 2019, the Company’s Operating revenue was THB 748mn, an increase by 54.0% YoY from the first consolidation of International Advertising operated by VGI

. These transactions were completed on 30 January 2020.  On 30 January 2020, MACO successfully completed the sale of newly issued shares to PlanB. Accordingly, PlanB now holds 19.96% shares in MACO. This

year. As a result of that The Group were able to recognized revenue consistently, due to the completion of 18 projects in the year 2017, and another 9 newly completed project transferred on March 2018

from the development in the business for sale, especially condominium projects, which the Company had completed construction since the Q3/2019 of last year. In Q4/2019, the Company delivered the

completed project transferred on March, June and September 2017, thus increasing “The Group” revenue recognitions even more. 2. Other income 2.1. Gain on sales of investments in subsidiaries, in the period of

2016 to 8,719.77 million THB in 2017 or 37.07% but it still met the target. In 2017, four projects of the Company and four projects of the subsidiary company were completed and handed over. Around 72

and Purchase Agreement on April 30, 2019. Thus, the Company deemed that this transaction will be completed within May 31, 2019. 2) Contractual Parties and Relationship with the Company Purchaser

2,026.88 (32.59%) 3,859.34 4,278.84 (9.80%) 1 In Q2/2019, 64% of the income is recognized from the projects completed in 2018 i.e. 24% residential condominium and 40% single house. 1.1 Residential