Public Company Limited (“the company”) held on 19 March, 2017 has approved the company to change the core business to property development. Thus, the Extraordinary General Meeting of Shareholders, held on

, (%) 26.0% 30.0% 34.9% Selling &Administration 1,804.3 1,817.6 1,694.9 Net Profit 2,014.9 2,544.5 -20.8% 3,038.7 -16.3% 14.4% 17.9% 22.0% The year 2018 continued to be a challenging year for KCE when

control over waste management at the restaurants which lower the impact from sales shortfall partially. Selling Expenses Selling expenses for Q3/2019-2020 was Baht 209 million, decreased considerable by

which was the main cost of sales of the Group. The Group had also adjusted selling price since May this year. In addition, some new menus launched this year contributed higher gross profit margin than the

follows: I. The operating revenue break down by business segment In the first quarter of 2018, the Company and its subsidiaries’ revenues from sales of real estate decreased while the property rentals

Gross (loss) profit 71.1 3.9 (12.1) (4.0) 83.2 687.6 Selling expenses (37.9) (2.1) (9.5) (3.1) 28.4 298.9 Administrative expenses (62.2) (3.4) (9.7) (3.2) 52.5 541.2 Finance costs 0.3 0.0 - - 0.3 100.0

1,248,881 63.58 Selling & Admin. Expense 208,270 151,667 56,603 37.32 682,955 481,877 201,078 41.73 Finance cost 74,294 59,602 14,692 24.65 217,357 160,371 56,986 35.53 Gross profit 278,414 220,013 58,401

5.03 Rental and Services Revenue 106,052 76,312 29,740 38.97 Gross Profit 56,739 41,954 14,785 35.24 Gross profit margin (%) 53.50 54.98 (1.48) (2.68) Golf Services & Property Management Revenue 37,795

as highlighted below ; (Unit : Million Baht) Separate financial statements 2017 2016 % Change Sales and Service Income 1,979.16 1,986.34 -0.36 Cost of sales and Services 1,525.25 1,449.23 +5.25 Selling

120.20 Gross profit 104.58 30.24 64.81 37.17 107.94 30.92 69.49 38.81 39.77 61.36 Selling and Administrative expenses 51.51 14.90 46.74 26.81 50.05 14.33 44.91 25.08 4.77 10.21 Selling expenses 41.15 11.90