real estate project for sale 3. Total Value of Consideration 400.54 x 100 8,447.94 4.74% 4. Value of Securities issued by the Company as consideration for the assets to be acquired — — Remarks: 1. In
venture was renamed to Ratchada Alliance; which U City still holds 50% of the ordinary shares. The purpose of this JV is to invest and develop real estate projects for sale. MANAGEMENT DISCUSSION & ANALYSIS
concerning the Issuance and Offer for Sale regarding Units of Real Estate Investment Trust , or the Notification of the Capital Market Supervisory Board concerning the Issuance and Offering for Sale of
project’s cost of sale. Gross profit of real estate business The gross profit ratio excludes other income for residential business stood at 28.9%, decrease from 41.5% in the same period of previous year (the
absence of revenue from hotel operations. Performance of real estate business Revenue from sales In 2Q20, the Company has residential project for sale which are sold out and transferred 5 projects
in the provinces), 28 food courts, 7 office towers, 2 hotel properties, 1 residential property (totaling 11 units), and 2 real estate properties for sale (totaling 819 units), which includes the
(BMA) and 18 projects in the provinces), 28 food courts, 7 office towers, 2 hotel properties, 1 residential property (totaling 11 units), and 3 real estate properties for sale (totaling 1,227 units
) incurs net losses from the development of a real estate project for sale — 3. Total Value of Consideration 0.9 x 100 9,572.77 0.01% 4. Value of Securities issued by the Company as consideration for the
wishing to dispose of shares) incurs net losses from the development of a real estate project for sale — 3. Total Value of Consideration 0.9 x 100 9,572.77 0.01% 4. Value of Securities issued by the Company
than that specified in accordance with the rules in the Notification of the Capital Market Supervisory Board concerning Issuance and Offer for Sale of Units of Real Estate Investment Trust or the