million or 0.38%. Company and subsidiaries had more assets which concerned to development property, deposit for land, land held for development, land building and equipment, cash and bank deposit, temporary

the following reasons Exhibit 2: Revenue Breakdown 2018 – 2019 Revenue from property development business • Revenue from property development business of Baht 469.2 million decreased from 2018 by Baht

property development business which results in the significant decrease in total revenue. The total gross profits for 2Q 2019 was 234 million Baht (48% of total revenue), decreased by 83% as compared to 2Q

year increased by Baht 679 million as compared to last year and this was mainly due to the following:  Revenue from property development operations which comprise of property sales and the sale of

decreased by Baht 85 million over the prior year as a result of a reduction in occupancy of Laguna Phuket hotels.  Revenue from property development operations which comprise of property sales and the sale

Banyan Tree Bangkok offset by the lower performances of Laguna Phuket hotels. • Revenue from property development operations which comprise of property sales and the sale of holiday club memberships is

prior year as a result of the improved performances of Laguna Phuket hotels and Banyan Tree Bangkok. • Revenue from property development operations which comprise of property sales and the sale of holiday

Board of Directors of Fancy Wood Industries Public Company Limited (the “Company”) No. 8/2017 dated September 8, 2017 approved the investment in the property development business by acquiring the entire

of Position 31-Dec-16 31-Dec-17 Change MB % MB % MB % Assets Cash and cash equivalents 70.1 3.1% 6.0 0.2% (64.02) -91.4% Trade and other receivables 33.5 1.5% 39.0 1.6% 5.4 16.2% Property Development

% MB % Assets Cash and cash equivalents 70.1 3.1% 6.0 0.2% (64.02) -91.4% Trade and other receivables 33.5 1.5% 39.0 1.6% 5.4 16.2% Property Development Cost 96.5 4.3% 243.9 9.8% 147.4 152.8% Investment