year were as highlighted below ; (Unit : Million Baht) Q2/2017 Q2/2016 % Change Sales 521 501 4 Gross Profit Margin 24% 29% -5 Selling and Administrative Expenses 53 55 -4 Financial Cost 8 9 -11 Net

Revenue 341,188 252,137 89,051 35.32 Gross Profit 186,351 136,320 50,031 36.70 Gross profit margin (%) 54.62 54.07 0.55 1.02 Golf Services & Property Management Revenue 160,157 141,745 18,411 12.99 Gross

% % Revenue from hotel operations 279.41 68.61 284.71 51.49 (1.86) 646.47 71.23 666.78 49.31 (3.05) Revenue from property development operations 89.64 22.01 254.35 46.00 (64.76) 204.60 22.54 658.55 48.70 (68.93

% with the increasing from domestic selling price and expansion oversea market. There are gross margin rate or the year 2019 is 19% and 15% in the year 2018. As the result of the company’s gross margin

total sales. While, the cost of sales in Q2/2018 was 346,016,951.10 Baht, representing 86.11 % of total sales. Also, the selling and administrative expenses in Q2/2019 increased 5,252,996.83, or 15.39

increased 9,279,710.61 Baht Property development business Total sales in property development business in Q1/2018 were 20,666,000 Baht, compared to 14,059,000 Baht of sales in Q1/2017. It increased 6,607,000

especially the reduction in the price of raw material which is the main cost of sales of the Group. We also adjusted selling price since May this year, which causes gross profit margin to increase

around 12.85% comparing to the same period last year. 4. Increase in selling and administrative expenses around 11.3 million baht or 12.60% comparing to the same period last year due to the increase in

property investment. 2 Sales and Administrative Expenses The Company and its subsidiaries' selling expenses amounting to THB 191.66 million, increase of THB 15.52 million, or 8.81 percent from the year 2016

regarding to pollution’s problem solving. 3. Better conversion cost rate around 1.34% comparing to the same period last year. 4. Increase in selling and administrative expenses around 2.44 million baht or