คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 10 November 2017 Re: To clarify the financial statements as of 30 September 2017 To: President The Stock Exchange of Thailand WHA Corporation Public Company

for obtaining an approval of the offer for sale of sukuk shall have the following qualifications: (1) being financial institution which has obtained an approval from Bank of Thailand to undertake

APPLICAD PUBLIC COMPANY LIMITED APPLIED DB PUBLIC COMPANY LIMITED AQ ESTATE PUBLIC COMPANY LIMITED AQUA CORPORATION PUBLIC COMPANY LIMITED AREEYA PROPERTY PUBLIC COMPANY LIMITED ARINSIRI LAND PUBLIC COMPANY

APPLICAD PUBLIC COMPANY LIMITED APPLIED DB PUBLIC COMPANY LIMITED AQ ESTATE PUBLIC COMPANY LIMITED AQUA CORPORATION PUBLIC COMPANY LIMITED AREEYA PROPERTY PUBLIC COMPANY LIMITED ARINSIRI LAND PUBLIC COMPANY

APPLICAD PUBLIC COMPANY LIMITED APPLIED DB PUBLIC COMPANY LIMITED AQ ESTATE PUBLIC COMPANY LIMITED AQUA CORPORATION PUBLIC COMPANY LIMITED AREEYA PROPERTY PUBLIC COMPANY LIMITED ARINSIRI LAND PUBLIC COMPANY

APPLICAD PUBLIC COMPANY LIMITED APPLIED DB PUBLIC COMPANY LIMITED AQ ESTATE PUBLIC COMPANY LIMITED AQUA CORPORATION PUBLIC COMPANY LIMITED AREEYA PROPERTY PUBLIC COMPANY LIMITED ARINSIRI LAND PUBLIC COMPANY

APPLICAD PUBLIC COMPANY LIMITED APPLIED DB PUBLIC COMPANY LIMITED AQ ESTATE PUBLIC COMPANY LIMITED AQUA CORPORATION PUBLIC COMPANY LIMITED AREEYA PROPERTY PUBLIC COMPANY LIMITED ARINSIRI LAND PUBLIC COMPANY

APPLICAD PUBLIC COMPANY LIMITED APPLIED DB PUBLIC COMPANY LIMITED AQ ESTATE PUBLIC COMPANY LIMITED AQUA CORPORATION PUBLIC COMPANY LIMITED AREEYA PROPERTY PUBLIC COMPANY LIMITED ARINSIRI LAND PUBLIC COMPANY

APPLICAD PUBLIC COMPANY LIMITED APPLIED DB PUBLIC COMPANY LIMITED AQ ESTATE PUBLIC COMPANY LIMITED AQUA CORPORATION PUBLIC COMPANY LIMITED AREEYA PROPERTY PUBLIC COMPANY LIMITED ARINSIRI LAND PUBLIC COMPANY

APPLICAD PUBLIC COMPANY LIMITED APPLIED DB PUBLIC COMPANY LIMITED AQ ESTATE PUBLIC COMPANY LIMITED AQUA CORPORATION PUBLIC COMPANY LIMITED AREEYA PROPERTY PUBLIC COMPANY LIMITED ARINSIRI LAND PUBLIC COMPANY