-Translation- 1 -Translation- Ref. NCH 024/2020 May 11, 2020 Subject : Management’s Discussion and Analysis 1Q/2020 Attention : Director and Manager The Stock Exchange of Thailand N.C. Housing Plc

housing for sale and for both https://market.sec.or.th/public/idisc/Download?FILEID=dat/news/201804/18033701.pdf 18002674.pdf vertical real estate developments which are industrial and commercial real

and commercial real estate for sale and for both short-term and long-term rental. It also includes industrial estate and housing for sale and for both https://market.sec.or.th/public/idisc/Download

year was 31.01%. Revenue generated from single family housing projects and low-rise condominium units were THB 2,853.81 million, higher than last year which was THB 2,653.52 million. The Company had a

estate: Sales of real estate for the year ended 2019 decreased by Baht 5,308 million or 36% decrease compared to the same period of 2018. This was due to a decrease in revenue from housing projects by Baht

closely with customers to prepare financial documents for housing loan packages. As a result, sales of residential units during the second quarter of this year increased by THB 221.6 million from THB 489.99

-Translation- 1 -Translation- Ref. NCH 040/2019 November 8, 2019 Subject : Management’s Discussion and Analysis Q.3/2019 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

. While the revenue from transferring ownership of housing projects for the Third quarter period of 2017 decreased by Baht 38 million or 1% decrease compared with the same period in the precedent year. The

the decrease of revenue from housing project in amount of Baht 23 million or 1% decrease and the decrease of revenue from sale of condominium by Baht 183 million or 45% decrease compared to the same

) housing loan control measure which has been effective on April 1, 2019. MK assisted customers by negotiating with banks to reduce the burden of down payments by way of refinancing their existing housing