continued to advance other key measures to curb illicit funds in the capital market and the digital asset market across the entire value chain, from upstream to downstream. These measures include enhancing

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Management Discussion and Analysis for Interim Business Operations 2019 % 2018 % Inc./(Dec.) % Construction Income 150.24 92.91 21.63 87.82 128.61 594.59 Service Income 9.70 6.00 0.41 1.66 9.29

1 Translation CEN 012-2019 May 14, 2019 Subject Management discussion and analysis for business operation Quarter 1-2019 To The Manager and President The Stock Exchange of Thailand For 3 months

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(Translation) NEP-AC 003/2562 14 August 2019 Subject: Management Discussion and Analysis for Q2 ended of 30 June 2019 To : The President The Stock Exchange of Thailand Operating Result NEP Realty and

voting right at the extraordinary shareholders? meeting No. 1/2559 on 14 October 2016.The subscription size accounts for 70.73 percent of the net tangible asset value of JMT and is considered a related

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and operate the business on a continuous basis. Furthermore, the asset disposal above helps reduce the risk from the management of the financial structure, resulting in the increase of the liquidity of