2019. Meanwhile, MahaSamutr Country Club and Sports Club are currently in the process of restructuring and expected to be completed and operated in 2019. Project Operated By Project Value (MB) Total

three villas and recognized revenues of 160 million Baht. The Company expects to be able to sell and transfer the remaining villas to its customers in 2019. Meanwhile, MahaSamutr Country Club and Sports

period last year (source: International Tourist Arrivals to Thailand April-June 2019, Ministry of Tourism & Sports). The Company was fully aware of the situation and took actions by implementing new

remaining villas to its customers in 2019. Meanwhile, MahaSamutr Country Club and Sports Club are currently in the process of restructuring and expected to be completed and operated in 2019. Nimit Langsuan

1% from the same period last year (source: International Tourist Arrivals to Thailand January-August 2 0 1 9 , Ministry of Tourism & Sports). The Company was fully aware of the situation and took

, Ministry of Tourism & Sports). Additionally, The Chinese government announced a ban on outbound group tours since 24 January 2020. The Company was fully aware of the situation and took actions by

quarter of 2019, which averaged 26.60 percent) throughout the life of the cash flow projections - Estimating costs, costs and administrative costs, dividing those costs into fixed costs and variable costs

fixed costs and variable costs The variable costs will be based on the work received and the direct costs increase at the rate of 1. 30 percent per year. - Discounting using the discount rate (WACC) at 11

fixed costs and variable costs The variable costs will be based on the work received and the direct costs increase at the rate of 1. 30 percent per year. - Discounting using the discount rate (WACC) at 11

fixed costs and variable costs The variable costs will be based on the work received and the direct costs increase at the rate of 1.30 percent per year. - Discounting using the discount rate (WACC) at