that apply to REIT direct investment.However, based on consultation with the private sector, there are necessary reasons why REIT sometimes may not be able to invest indirectly by holding virtually

making direct investment in form of freehold or leasehold as well as rights in revenue sharing agreement, or by making indirect investment in shares of company operating infrastructure projects.  The

receive from investing in debt securities issued by a foreign entity, which are not different from the case where investors make direct investment in a foreign country. Therefore, investors should study and

the two most recent completed financial years or such shorter period that the issuer has been in operation, including name, country of incorporation or residence, proportion of ownership interest and

of 265 million Baht, decreased by 42% or by 191 million Baht due to the absence of specific business tax and residence transfer expense. In 3Q 2019, the Company had a total finance costs of 219 million

) Quality Houses Leasehold Property Fund 45 41 4 10 Quality House Hotel and Residence Freehold and Leasehold Property Fund 18 16 2 13 Total 417 390 27 7 Note : *In July 2017, LH Financial Group Plc. increased

Property Fund 192 174 18 10 Quality House Hotel and Residence Freehold and Leasehold Property Fund 61 60 1 2 Total 1,927 1,776 151 9 III Cost of sales breakdown by business segment (Unit: Million Baht) 2019

2018 Change Change (%) Home Product Center Plc. 304 261 43 16 LH Financial Group Plc. 104 111 (7) (6) Quality Houses Leasehold Property Fund 49 43 6 14 Quality House Hotel and Residence Freehold and

groups such as launching a campaign "Rent before buying" to respond clients who need their own residence but they were not ready for sum of money. 2. Operating Results (Company and Subsidiaries) Total

in TSE, has operated its business into various angle including Condominiums & Houses, Hotel Development, Residence Services, Real Estate Investment Advisory and Condominium Management. 4. Other income