follows: I. The operating revenue break down by business segment In the first quarter of 2018, the Company and its subsidiaries’ revenues from sales of real estate decreased while the property rentals

ที่ บช NO. AC. 01/2019 22 February 2019 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate Development

detail as follows: I. The operating revenue breakdown by business segment In the second quarter of 2019, the Company and its subsidiaries’ revenue from sales of real estate decreased from the same period

Baht 71 million. In addition, the Company recognized goodwill from acquiring LQSF of Baht 213 million. Liabilities As at 31 December 2018, the Company and its subsidiaries had total Liabilities of Baht 3

transformations. Simultaneously, digital platforms and 5G solutions are also in high demand as they are crucial in optimizing efficiency, security, and real-time operational process agility. Mobile business resumed

management assessed the agreement in accordance with TFRIC 12 ‘Service Concession Arrangements’. As a result, the Group’s management recognized revenue from construction under a concession arrangement in

-Value (LTV) ratio for mortgage loans which led to a decline in bank lending to the real estate sector. The Bank of Thailand also implemented policies to encourage commercial banks to focus on sustainable

ที่ บช NO. AC. 004/2017 13 November 2017 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development

clients to decrease by 30 percent compared to normal situation. The real estate business of the company continued to slow down, therefore, the company focuses on real estate rental for living and operating

Road Limited and Mr. Viroj Tangjettanaporn, who know each other from business relationship through joint investments in various businesses such as real estate business for a long time, they agree to