economic activity, which is on a recovery path. 1.2 Banking Industry and Competition In the second quarter of 2017, commercial banks recorded decreased net profit over-quarter and over-year. The decline

margin (NIM) recorded a minimal increase after being stable during the first half of this year given that most commercial banks continued to focus on funding cost management. As of the end of the third

from starting transferred 16 units of Veranda Residence Hua Hin project in Q1/2020 which accounted for 7.8 % of the project value. • Revenue from hotel operations decreased by 135 million baht or

% as compared to 2017. The Company recorded loss from selling of asset with the total of 3,533 million Baht In 2018, the Company had a total finance cost of 810 million Baht, a decrease of 166 million

collection efficiently. - Finance Cost In the fiscal year ended February 28, 2019, the Company’s finance cost recorded at 2,175 million baht, which is the same level as last year and accounted for 11% of total

Baht in Q1 2018 to 13.69 billion Baht in Q1 2019. Profit (Loss) In Q1 2019 The Company recorded a net loss of 317 million Baht (40% of total revenue), decreasing by 3,769 million Baht as compared to Q1

margin of THB 23.33 million and THB 59.19 million respectively, increased by 718.50% QoQ and 174.20% YoY. However UWC recorded net loss of THB 163.88 million increased by 28.80% from those of same period

recorded at 2,104 million baht, which is the same level as last year. However, finance cost accounted for 11% of total revenues, slightly decreased from 12% in the fiscal year 2016. A decrease in finance

debt and doubtful accounts was 1,200 million baht, decreasing by 12% from the previous quarter. - Finance Cost In the fiscal year 2016, the Company’s finance cost recorded at 2,110 million baht, a

recorded total sales revenue of THB 733.57 million and THB 384.43 million respectively. This equals to a sharp decline of 47.59% year on year. Domestic sales revenue dropped 46.25% from the same period of