investment LPN made in the above real estate development project and the establishment of a joint- stock company is to bring about long-term business growth. It will generate more income for LPN as it is

subsidiaries intend to engage in horizontal and vertical real estate development business as industrial and commercial real estate for sale and lease of short-term and long-term space. It also includes short and

Bangkok, April 21, 2014 ? The SEC jointly with the National Science and Technology Development Agency (NSTDA), the Stock Exchange of Thailand (SET), the Thai Business Incubators and Science Parks

-1 -Translation- Ref. LPN/SorKor/053/2562 14th February 2019 RE: Financial Statements Analysis Report 2018 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co., Ltd. would

, an increase in agricultural prices and the increase in overall wage especially in the low income segment are met, these might help the recovery to become sufficiently broad-based. 2) Public and private

factors namely rising inflation, an increase in agricultural prices and the increase in overall wage especially in the low income segment are met, these might help the recovery to become sufficiently broad

ended 31 December 2017, which net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 31 December 2017 31 December 2016 Increased

% % Revenue from hotel operations 279.41 68.61 284.71 51.49 (1.86) 646.47 71.23 666.78 49.31 (3.05) Revenue from property development operations 89.64 22.01 254.35 46.00 (64.76) 204.60 22.54 658.55 48.70 (68.93

% 141.84% Cost of sales (64.14) (90.36) 26.22 (29.02%) (74.86%) (105.46%) Gross Profit 21.54 31.17 (9.63) (30.90%) 25.14% 25.65% Other income 5.06 4.87 0.19 3.90% 5.91% 4.01% Distribution costs (17.79

%) 100.00% 148.40% Cost of sales (34.89 ) (48.06 ) 13.17 (27.41%) (76.73%) (105.71%) Gross Profit 10.58 19.41 (8.83 ) (45.50%) 23.27% 28.77% Other income 3.02 2.78 0.24 8.53% 6.64% 4.12% Distribution costs