12.21 28.33 232.02% 18.55% 6.95% Revenues from reduction of defaulted interest under the Court's order 0.00 16.66 (16.66 ) (100.00%) 0.00% 9.48% Gain on disposal of land held for development 1.27 0.00

12,931 million Shareholders’ Equities Interest Bearing Debt P a g e | 12 - Management Discussion and Analysis 1Q2020 - Liabilities As of March 31, 2020, the Company had total liabilities of THB 3,467

incomes from interest received for the first quarter of 2020 had amount of Baht 4.67 million, compared to same period of the previous year had amount of Baht 3.76 million, increased by amount of Baht 0.91

-term loan repayment that caused decrease in interest expense. As a result, cost of goods sold and expenses on 1st quarter of 2020 increased 6.48 percent from the same period of last year. 1.3 Profit

14.56 million baht or 13.47% from 108.08 million baht in Q2/2019 due to the recognition of interest expense in construction completed projects in 2020. Please be informed accordingly Sincerely yours

. The nature and extent of the interest of the connected persons in the transaction 10.In this Business Size has not over 20 million baht but over than 3% of NTA value of the company, So the company has

Finance Costs were 0.3 Million Baht from Interest expense on lease liabilities. The company has income tax expense of 10.0 Million Baht due to increased profits. 2 At the end of June 30, 2020 the total

) (74.10) Total revenue 349.46 100.00 309.21 100.00 (40.25) (11.52) Notes: /1 Other income comprises mainly of interest income and services revenue Table 2 : Sales Revenue by Geography for the Three Months

third quarter of 2019 totaled 15.34 million Baht which increased from the same quarter last year totaling 8.83 million Baht or 135.64% from interest payment and banking fees of financing activity. Net

) from investment in associates and joint venture 87 74 13 17.49% EBIT 525 472 53 11.21% Interest income 1 10 -9 -88.85% Finance cost -87 -94 7 -7.29% Income tax expenses -25 -66 41 -61.80% Net profit