lower coupon rate, and partial utilization of short-term instruments from financial institutions. PERFORMANCE BY BUSINESS Rental Properties Business 2017 2018 Increase/(Decrease) THB mm THB mm THB mm

at 3.50%, which will be used for capital expenditure and working capital. PERFORMANCE BY BUSINESS Rental Properties Business Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 416.7

of a collective investment scheme which has characteristics similar to a mutual fund but excluding the collective investment scheme with the objective of directly investing in properties relating to

unit of a collective investment scheme which has characteristics similar to a mutual fund but excluding the collective investment scheme with the objective of directly investing in properties relating to

projects which include industrial estates and commercial buildings. • Residential projects for sale and lease of commercial space include condominiums. • Rent and sale of commercial real estate ( land

projects which include industrial estates and commercial buildings. • Residential projects for sale and lease of commercial space include condominiums. • Rent and sale of commercial real estate (land

in the fourth quarter of 2017. PERFORMANCE BY BUSINESS Rental Properties Business 2016 2017 Increase/(Decrease) THB mm THB mm THB mm % Rental Revenue 1,688.7 1,148.3 (540.4) (32.0%) Gross Profit

, normalized total revenue and share of profit from investments in associates increased by 12.0%, mainly from increase in revenue from sale of investment properties resulting from the asset monetization to

structure: Properties Suvanabhumi Education Development Company Limited Western U Company Limited Western University Rajapruek Education Company Limited Rajapruek Syndicate Company Limited North Eastern

maintenance of industrial estates is 2 8 0 ,6 5 8 ,5 5 0 Baht. The transaction is considered as a connected transaction of the Company. The size of the transaction is more than 0 .03% but less than 3% of the