through the acquisition of Multi Sign Company Limited (“Multi Sign”) and Comass Company Limited (“Comass”). This strategic move enabled us to jump our media coverage nationwide and gather wider audience

million THB from 2017. It is the income recognized from 11 projects completed in 2018, 54% of which is recognized from sales of the projects and 46% from the liquidation of ready-to-move-in projects

%. The income from rental and service fee and management fee increases 37.58% and 20.52% respectively. Moreover, in order to sell ready-to-move-in projects, the sales promotion costs (excluding ownership

increasing 45% mainly from increasing debt for TTTBB and JASIF acquisition and the lease liability from OFC rental contract obligation with JASIF. Interest-bearing debt stood at Bt127,244mn, increasing by 51

of Foreign Company to Offer for Sale of Newly Issued Debt Securities in Thai Baht dated 22 December 2016; (2) Notification of the Capital Market Supervisory Board No. Tor Jor. 29/2560 Re: Rules for

lower long term borrowing from debt repayment and lower spectrum payable and lease liability. Interest-bearing debt stood at Bt116,749mn, decreasing by -8.2%. Total equity was at Bt88,278mn, decreasing

amid high household debt, whereas public investment and the government’s budget disbursement were affected by a delay in the formation of a new government. Nevertheless, economic stability remained sound

market by issuing shares or debt securities that suit the business sector. SEC now allows fund mobilization through crowdfunding, which makes use of digital technology to make the fund mobilization

1 Ref. No. JUTHA-10/2563 November 2, 2020 Subject: Amendment of Articles of Association, Debt to Equity Conversion Constituting a Connected Transaction, Issuance and Offering of Newly Issued Ordinary

Budget Act and drought. Furthermore, domestic spending may be limited due to weakening purchasing power and hefty household debt. Apart from economic woes, businesses face numerous other challenges that