real estate development and service business. The Company has developed premium housing projects in central business area to open up new business opportunities. Moreover, the opportunity in rental real

housing units were booked during end of the third quarter and these units can be transferred and realized as revenue in the next quarter. - Revenue from rent and service was THB 50.38 million comparing to

Profit 41,954 32,219 9,735 30.22 Gross profit margin (%) 54.98 55.78 (0.80) (1.44) Golf Services & Property Management Revenue 40,531 30,147 10,384 34.44 Gross Profit 17,223 14,118 3,105 21.99 Gross profit

these housing units were well fit with customers’ demand. As a result, sale and transfer units were higher than MK’s projection. In addition, the Company was able to complete sell of all units in some of

) (5.20) Rental and other services Revenue 252,137 195,894 56,243 28.71 Gross Profit 136,320 107,139 29,180 27.24 Gross profit margin (%) 54.07 54.69 (0.63) (1.15) Golf Services & Property Management

-Translation- 1 -Translation- Ref. NCH 024/2020 May 11, 2020 Subject : Management’s Discussion and Analysis 1Q/2020 Attention : Director and Manager The Stock Exchange of Thailand N.C. Housing Plc

-Translation- 1 -Translation- Ref. NCH 040/2019 November 8, 2019 Subject : Management’s Discussion and Analysis Q.3/2019 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

ที่บชง Page 1 of 4 Ref. Bor Chor Ngor 0048/2020 26 February 2020 Subject: Management Discussion and Analysis of Operating Results for Fiscal Year 2019 To President The Stock Exchange of Thailand

Exchange of Thailand N.C. Housing Public Company Limited (“NCH”) would like to report that according to the resolution of the Board of Directors’ Meeting No. 3/2019 held on 10 July 2019 resolved to approved

) That is aimed at cooperation, and (ii) That is clearly aimed at profit or cost-sharing or shares common ownership , control or management, common quality control policies and procedures, common https