policy. Meanwhile, the Thai economy began to show financial signals after the Monetary Policy Committee decided to maintain the policy rate. This is a result of the Thai economy has continued to grow well

million Baht. Note: According to the debentures and long-term loan agreements, the company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is

to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is additional condition to maintain DSCR of not less than 1.1 times. Interest Bearing Debt total

company still managed to maintain the gross profit margin at 39.9% and started to realize the profit from 2 new completed joint venture condominium projects (Joint Venture) with Nomura Real Estate

Total Consolidate Joint Venture Total Real estate transferred activities 5,826.2 - 5,826.2 5,041.0 2,184.4 7,225.4 1,399.2 24.0% PAGE 2 However, The Group still managed to maintain the net profit margin

increase the asset utilization efficiency. Return on equity was 42.0% decreasing from previous, as a result of the ability to maintain profitability, the stock buyback, and the Company’s interim dividend

temporary close of operation and continually to evaluate each month situation. Investment plans according to the 2020 budget are also postponed in order to maintain the solvency of the cash flow. Loss on

Company has strictly upheld the financial discipline, maintain the debt-to-equity ratio, increase cash on hand, increase an overdraft and control operational costs to minimize management costs. Financial

, SHR will remain the Company's subsidiary, and the Company will maintain its minimum shareholding in SHR at 58.76% of SHR's paid-up capital after its capital increase On 22 April 2019, the Company’s AGM

Resorts Co., Ltd. ("SHR") on 13 May 2019. Shares to be offered for sales in the IPO will not exceed 40% of the SHR's paid-up capital after its capital increase. Nevertheless, the Company plans to maintain