of 16 Dividend CPN has a dividend policy of no less than 40% of annual net profit. On February 21, 2019, the Board of Directors passed a resolution to propose to the Annual General Meeting of

of 16 Dividend CPN has a dividend policy of no less than 40% of annual net profit. On February 21, 2019, the Board of Directors passed a resolution to propose to the Annual General Meeting of

. This is mainly due to the net profit from operating for the period by Baht 140 million, treasury stock of Baht 103 million, and dividend payment of Baht 134 million. - 8 - Please be informed accordingly

total shareholders’ equity of THB 290.04 million, a THB 6.95 million or 2.34% decrease from the end of the previous year (end of 2018: THB 296.99 million) mainly due to the dividend paid during the year

The Company’s shareholders equity as of the year 2019 and 2018 amounted to THB 752.8 MB and THB 757.2 MB respectively. A decrease in shareholder’s equity amount to THB 4.4 MB from the dividend payment

million, or a decrease of 2% compared to the total shareholders’ equity as at 31 December 2018, which was Baht 2,506 million. The change was due to the net profit, the dividend payment to the shareholders

down long-term loans for Bt1,414.4 million, while repayments of long-term loans and financial lease payment amounted to Bt336. 7 million and dividend payment to its shareholders of Bt934. 1 million 2.1.2

87.3 12,278.6 86.9 (2,244.5) (15.5) Revenues from project management 1,225.9 7.4 918.9 6.5 (307.0) (25.0) Dividend income - - 0.2 0.0 0.2 100.0 Gain from transfer of right for land purchase and sale

/2019, the revenue is increased because dealers must buy to achieve their annual target. • The other revenue of NDR is increased in 2019 because of receiving dividend from FKRMM at 15,150,000.00 Baht and

dividend payment resulting in a decrease in shareholders' equity Please be informed accordingly. Yours sincerely, (Miss Poramaporn Chamnongsuk) Company Secretary