Increase / (Decrease) Million Baht % of Sales Million Baht % of Sales Million Baht % Selling Expenses 132.63 2.79 127.84 2.95 4.79 3.75 Administrative Expenses 455.19 9.59 402.48 9.30 52.71 13.10

transportation cost of Baht 7.67 million. (2.3) Selling and Administrative Expenses Description Year 2020 Year 2019 Increase / (Decrease) Million Baht % of Sales Million Baht % of Sales Million Baht % Selling

2/2020 Quarter 2/2019 Changed (%) Income from sale pipe 296.91 219.45 35.30 Income from installation pipe 75.38 49.73 51.58 Incomes from the water management business - Sales and service of water

which details are as following; (1) Revenue from sales In the first quarter of 2020, the Company and its subsidiaries had total revenue from sales at the amount of Baht 398.76 million, which decreased

decreased by Baht 85 million over the prior year as a result of a reduction in occupancy of Laguna Phuket hotels.  Revenue from property development operations which comprise of property sales and the sale

the sales income of 50.10MB from the divestment of Padaeng Industry (Laos) Co., Ltd., the company’s subsidiary. The H1 2017 selling and administrative expenses increased mainly from provisions for

Baht) Q1/2017 Q2/2017 Q3/2017 Q4/2017 FY 2016 FY 2017 %YoY Total Revenues 1,288.89 1,344.28 1,309.61 1,388.69 5,002.40 5,331.47 6.58% Cost of Sales and Services 1,009.86 1,126.21 1,144.91 1,184.95

. • Selling expenses increased by Baht 50 million which is principally due to higher property sales commission. • Administrative expenses increased by Baht 53 million largely as a result of higher payroll costs

in Q2/2017. (Unit: Thousand Baht) Revenues Gross Profit Selling Admin Net(loss) profit Q2/17 222,225 80,232 19,957 22,698 (293,091)*** Q2/18 221,202 78,238 21,637 19,916 35,335 Change -1,023 -1,994

decreased from the same period last year more than 20% as follows: 1. Operating Results Revenue In 2017, the Company’s revenue from sales was Baht 1,833.06 million decreased by Baht 221.29 million or 10.77