-Translation- 1 -Translation- Ref. NCH 033/2018 May 14, 2018 Subject : Management’s Discussion and Analysis 1Q/2018 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

decreased 18% coming from construction materials business cause of property segment starting slowdown and also affected by COVID-19 pandemic impact to the new housing project slowdown or delay while

depreciation, rent, repair and maintenance, insurance premium, housing and land tax, water fee, electrical fee, telephone fee, material https://publish.sec.or.th/nrs/3890pe.doc แบบแสดงรายการข้อมูลการเสนอขายหลัก

บริษัทจดทะเบียน Symbol Company Filing FinancialStatement Annual Registration Statement (Form 56-1) Annual Report (Form 56-2) Ranking NCH N. C. HOUSING PUBLIC COMPANY LIMITED Filing FinancialStatement 56-1

, 2017, the Company and its subsidiaries have a total liability of 646 MB increased from March 31, 2017 for 13 MB and having overdrawn amount 32 MB and account payable or creditor decreased 7 MB and settle

amount 1 MB and account payable or creditor decreased 5 MB and settle the long-term loan to the financial institute decreased 75 MB and decreasing of the pending of tax income by 3 MB and other liabilities

decreased 17 MB and settle the long-term loan to the financial institute decreased 66 MB and decreasing 5 MB from the current liabilities, decreased of the employee’s benefit obligation 2 MB and decreased 48

have a total liability of 442 MB decreased from December 31, 2017 for 101 MB and having overdrawn amount 37 MB and account payable or creditor decreased 17 MB and settle the long-term loan to the

overdrawn amount 31 MB and settle the long-term loan to the financial institute in 1 year decreased 2 MB and increasing 4 MB from Income Tax Payable, decreased of the other liabilities 1 MB  Shareholders

having overdrawn and the short- term loan decreased 93.9 MB and account payable increased 24.3 MB and settle the long-term loan to the financial institute in 1 year decreased 3.1 MB and increasing 3.3 MB