126 197 215 462 557 Gross profit Revenue Cost of sales and service Sriracha plant performance (Unit: THB million) 4,481 4,057 4,019 3,500 9M/16 9M/17 Gross profit Sriracha Power Plant: IPP Q3/16 Q2/17

solar cell implementation service from Combine Heat and Power Producing Company Limited (CHPP) as well as the increase in maintenance cost leading to a fall in gross profit. The gross profit of the

agreements; (3) Trademark/Service Mark under the name “Kitchen Plus”. Acquisition Price : Eighty Million Baht (THB 80,000,000) Key Conditions Precedent : The Assets Sale and Purchase Agreement requires the

Estate Public Company Limited Management Discussion and Analysis 1Q2020 Nevertheless, the Company adopts equity method of accounting for Jupiter hotels totaling of 29 hotels with 3,115 keys; consequently

due to THB appreciation against EUR and GBP • Net debt to equity ratio as of 30 June 2019 was 0.56x, comparing with 0.55x at the end of last year SIGNIFICANT EVENTS 4 major renovation works of Vienna

Equity ratio2 stood at 0.92 times as of 30 June 2019, decreased from 0.94 times as at end of 2018 1 Backlog include only sold units with sales and purchase agreements 2 Calculated from interest-bearing

healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.10 times. 2018 Outlook Maintain 2018 forecast, yet adjust down new hotels opening • Despite Boat

offer for sale of equity instruments, debt instruments, and derivative warrants; 2. Related party transactions (RPT) of the listed company that are required to obtain approval from the shareholders, and

อุปกรณ์ (Procurement) การผลิตและ ประกอบ (Fabrication service) ในกรณีที่วสัดทุี่อยู่ระหว่างการผลิตและประกอบยงัไม่ได้น าไปติดตัง้ที่หน้างานของ ลกูค้า เนื่องจากมาตรฐานการรายงานทางการเงินดงักลา่วก าหนดให้รับรู้

, with the effect of COVID-19 outbreak, the labor has temporary moved from service sector back to agriculture sector which led to more demand in agriculture equipment. Other that the above reasons, in Q2