October 3, 2019 Re: Clarification of the operating results of company and its subsidiaries for the 1 st quarter of year 2018 To: President The Stock Exchange of Thailand K.C. Property Public Company

products, especially products which started selling in 2017 and had full recognition in 2018. The product category with highest revenue increased was facial skincare products with its revenue increased

46.2% -56.0 -11.5% Cost of Sales 238.2 26.0% 291.8 31.4% 53.6 22.5% Gross profit 156.2 17.1% 169.5 18.3% 13.3 8.5% Profit (loss) Fair value adjustment of investment property -3.6 -0.4% 6.1 0.7% 9.7 269.4

the price of raw material which was the main cost of sales of the Group. Selling Expenses Selling expenses mainly consist of salary for the café’s staff, space and equipment rental expenses at each

% Total revenues 1,139,729 100.00% 760,434 100.00% 379,295 49.88% Cost of sales (748,650) 65.69% (434,886) 57.19% (313,764) 72.15% Cost of services (87,901) 7.71% (61,422) 8.08% (26,479) 43.11% Selling

and property development business division totally 282.7 million Baht compared with same period of year 2018 amounted 302.8 million Baht, decreased the amount of 20.1 million Baht or 6.6 percent. For

reduction in the price of raw material which is the main cost of sales of Page 3/6 the Group. The Group also adjusted selling price since May this year. In addition, the new menu launched in July and August

% (20,872) 10.63% (9,226) 44.20% Selling expenses (16,124) 4.41% (4,934) 2.51% (11,190) 226.79% Administrative expenses (78,816) 21.57% (63,952) 32.57% (14,864) 23.24% Share of profit (loss) from investment

(57,544) 9.18% (36,212) 7.63% (21,332) 58.91% Selling expenses (25,720) 4.10% (15,590) 3.28% (10,130) 64.98% Administrative expenses (125,927) 20.09% (123,103) 25.92% (2,824) 2.29% Gain from bargain

of both treatment of industrial waste business division and property development business division is 342.4 million Baht compared with same period of year 2016 amounted 378.6 million Baht, decreased