The SEC had an observation on the accounting of the change in NRF Group’s shareholding proportion in Kairous Asia Limited (KAL), which was resulted from the repayment of loan and accrued interest

Investment & Trust Public company Limited (BFIT) at a higher price than the market price at the time.The aforesaid nonpublic information was material to the change of BSEC share price because BFIT was the

. 2. Cost of sales In the year 2018, the cost of sales at Baht 127.43 million, decrease of Baht 163.03 million or 56.13% compared to the last year, varied to the decreased revenue from sales of land and

million, increase of Baht 34.39 million or 26.99% compared to the last year, varied to the increased revenue from sales of land and houses as bellows: Q4/2019 Q4/2018 increase(decrease) million Baht million

year, varied to the decreased revenue from sales of land and houses as bellows. Item 2018 2018 increase(decrease) million Baht million Baht million Baht % Revenues from sales 175.66 295.89 (120.23

summary of the Company’s operating performance in the first quarter of 2018 and 2017 is shown in the following table: 1Q18 4Q17 % Change 1Q17 % Change [Amount in Baht Million] Q-o-Q Y-o-Y [1Q18VS 4Q17

Revenues Consolidated financial statements (Thousands Baht) Year Change 4th Quarter Change 2019 2018 Amount % 2019 2018 Amount % Revenue from sales 2,334,510 1,540,078 794,432 51.58% 607,273 371,532 235,741

% Income tax expense 1.17 2.41 (1.24) -51.4% Profit for the quarter 17.47 24.30 (6.83) -28.1% 3.9% 6.0% Consolidated financial information (Unit : Million Baht) 3 Months Change % Change 2 / 3 Operating

: Thailand Automotive Industry Quarter 1 Change 2019 2018 Unit % Change Production 561,487 539,690 21,797 +4.0% Domestic 263,549 237,093 26,456 +11.2% Export 299,841 295,230 4,611 +1.6% Profit & Loss Analysis

) 1 (1) Profit for the quarter 9 17 (8) 2.5% 3.9% Consolidated financial information (Unit : Million Baht) 3 Months Change % Change 2 / 3 Operating results by business for the three-month period ended