transfer in Maestro 19 Ratchada – Vipha which was completed construction. - Others income in Q3/2019 amounted 92.83 million baht increased by 85.95 million baht or 1,249.27% from 6.88 million baht in Q3/2018

: - Sales increased by 534.91 million baht or 41.47% from 1,289.83 million baht in Q1/2019 to 1,824.74 million baht in Q1/2020 because of the transfer in Metris Rama9 - Ramkumhang which was completed

transfer in METRIS Rama9 – Ramkumhang and METRIS Ladprao which were completed construction and started transfer in 2020. - Revenues from hotel operations in Q2/2020 amounted 5.75 million baht decreased by

room inventory in the last quarter of 2019. The common areas including Food and Beverage outlets have been completed with remaining room inventory to be completed mid-year 2020. Consequently, hotel

for the imported raw material and goods because of Baht appreciation. Business outlook for Q4/2019 was expected that Thailand economy would be stable compared to the same period of 2018, in line with

formulation optimization. During the year, the Company has utilized IPO proceeds to invest as planned. The new glass factory (SGA2) has completed in Q3’19 and started commercial operations in Oct’19. This

and Management PLC at “A+” with “stable” outlook, which reflects the company’s financial strength as the key raw water provider with a comprehensive pipeline network in the Eastern Seaboard area, rising

value of Co-Mass’s identifiable assets was completed. The restatement involved eliminating the “estimated amount by which costs of the acquisition of investment exceed identifiable net assets of Co-mass

. Business outlook for Q2/2020 was expected that the Thai economy would be contract appreciably from the impact of the COVID-19 pandemic and the ongoing drought, which are expected to clearly affect income and

Page 1 of 10 Management Discussion & Analysis Q3/2024 1. Overview of Business Operations, Economy, and Industrial Conditions Affecting Operations In Q3/2024, Thailand's economic outlook shows signs