. Resolved to approve the statement of financial position and the statement of comprehensive income for the year ended December 31, 2018 for submission to the 2019 Annual Ordinary General Meeting of

of consideration) Value of Transaction gained (Paid) x 100 = 133,583,482 x 100 Total assets of the Company (According to the latest financial statement, review by Certified Public accountant of the

นี ้ 1.1 จัดทํางบการเงินฉบับใหมทั้งฉบับ (restated statement) เพื่อให มีมาตรฐานทีส่อดคลองกับ IFRS หรือ US GAAP หรือ - 7 - 1.2 กรณีที่ foreign issuer แสดงไดวา มาตรฐานการบัญชขีอง home country ไมมี

total revenue of THB 453 mn and net profit stood at THB 77 mn. The difference versus GLAND’s reported statement of comprehensive income mainly comes from the investment properties that the Company

Company’s subsidiaries. In terms of proportion to total revenues, operating and administrative expenses represented 44% of total revenues. Considering the Company’s financial statement, the operating and

Limited (the “Company”) submitted its separate financial statement and its consolidated financial statement for the year of 2018 ended on 31 December 2018 which were audited by the auditor. The Company

ownership on SHR (40%) and performance of SHR included in consolidated financial statement of the Company since November 2019. SHR, the Company’s subsidiary, entered into a joint venture with Wai Eco World

ended 31 December 2019, which revenue and net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 31 December 2019 31 December 2018

Calculation and Transaction Size Items Detail Financial Statement as of 31 December 2019 Assets (Baht) – (1) 2,310,264,818 Liabilities (Baht) – (2) 1,027,131,128 Intangible Asset (Baht) – (3) 32,479,509

the Company’s financial statement, the operating and administrative expenses as a percentage of revenues decreased to 40% in 2016. 4 - Bad debt and doubtful accounts In the fiscal year 2016, the bad