(39.66) (6.45) Costs and Expenses 554.34 579.71 (25.37) (4.38) Profit (Loss) -Net 18.11 30.02 (11.91) (39.67) Income of Sale and Administration Transaction For the Year ended 31st December (Unit: Million

) ** Normalized net profit = Net profit – Unrealized gain / (loss) from FX – Non-operating income / (expense) B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis 9M’18 9M’19 change Q3’18 Q2’19

million, causing from consulting fee for accounting, legal, roadshow and press conferences to investors approximately THB 8.52 million, allowance for impairment loss on hotel assets of THB 11.56 million

) (39.77) Selling expenses (106.75) (28.40) (101.32) (31.90) Administrative expenses (49.98) (13.30) (50.26) (15.83) Financial costs (0.58) (0.15) (0.04) (0.01) Share of profit (loss) of associates (0.22

monitor credit quality and maintained high levels of capital buffers and loan loss provisions to facilitate credit expansion going forward. Credit Rating Land and Houses Bank Public Company Limited is

a result of the decrease in condominium handover and ownership transfer volume. Important numbers in the financial statement in Q2/2017 and 2016 Table 1: Profit/Loss Statement in Q2/2017 and 2016

and maintained high levels of capital buffers and loan loss provisions to facilitate credit expansion going forward. Credit Rating Land and Houses Bank Public Company Limited is assigned the company

: Profit/Loss Statement in Q3/2017 and 2016 Numbers Consolidated Financial Statement Separate Financial Statement Q3/2017 Q3/2016 %variance Q3/2017 Q3/2016 %variance 1. Main income (million THB) 2,346.48

and administrative expenses of the Company increased from Baht 57.38 million to Baht 73.29 million, increased by Baht 15.91 million or 27.73%, due to the Company increased in loss on exchange rate 31.24

2017 and 2016 Table 1: Profit/Loss Statement in 2017 and 2016 Numbers Consolidated Financial Statement Separate Financial Statement 2017 2016 %variance 2017 2016 %variance 1. Main income (million THB