from the previous year or 1,762.50% 2 When comparing the financial statements for the 9 months period of the Company's income and operating results are as follows. NCL International Logistics Public

Explanation and Analysis Report of the Financial Positions and Result of Business Operations To : President of The Stock Exchange of Thailand The Explanation and Analysis Report of the Financial Positions and

Management Discussion and Analysis 1 Ref: AC.017/2020 18 May 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange

estimated to expand led by mid- to high- income non-agricultural household, which are the Company’s target customers. The BOT’s report mentions on real estate sector that, in 1Q18, there remained pockets of

% Management service 1.1% Other income 1.2% Hotel Property development Food and beverage Management service Revenue from property development operations through sales of residential projects in both low rise and

24.48% 647.00 30.70% -35.21% Dividend income 0.13 0.01% 0.08 0.00 50.19% Gain from measurement of financial asset 104.12 6.08% - - 100.00% Interest income 17.89 1.04% 16.14 0.77% 10.85% Other income

of previous year which a net loss of Baht 14.65 million, the loss decrease Baht 8.37 million or decrease by 57.14% , the main reasons are as follow 1. Revenue from sale , Other income The company had

Profit 435.4 3.5% 1,456.1 12.8% 1,020.7 234.4% Financial Expenses 457.7 -3.6% 530.1 4.7% 72.4 15.8% Income Tax Expenses -49.3 -0.4% -177.6 -1.6% -128.3 260.2% Net Profit -277.1 -9.6% 533.8 4.7% 810.9 292.6

of the Stock Exchange of Thailand M.K. Real Estate Development Plc. would like to inform the financial performance for the second quarter ended 30 June 2017. The Company and its subsidiary reported a

Ocean Commerce Limited ( Company) No. 6/2017 held on November 8, 2017 , has approved the financial statements and results of operations of the Company. For the ended September 30, 2017 which was audited