due to the fact that Mana Patanakarn Co.,Ltd., the Company’s subsidiary company which do real estate development business, has transferred the ownership of houses and condominium rooms less to the
housing projects by Baht 1,057 million or 41% and a decrease in revenue from condominium projects by Baht 370 million or 74% decrease compared to the same period of 2019. In particular, the COVID-19
business rent in the shopping center business since the third quarter of 2020 onwards. And the company aims to transfer 100% of the units under the Newera condominium project in 2020. 2. Cost and Expenses
654 3344 Fax. 66 2 654 3323 Gross Profit Margin Gross profit margin of the property development business decreased from the previous year from 23.9% to 10.4 from sale promotion of the condominium units
ESCENT Chiangmai Under Construction 1H2018 26-storey Condominium, 400 units 100% ESCENT Khonkaen Under Construction 1H2018 24-storey Condominium, 408 units 100% ESCENT Rayong Under Construction 1H2018 25
joint venture agreement with Mitsubishi Estate Asia to jointly develop OCC project, the grade A office building for rent. For the second half of 2019, the Company is planning to launch 2 condominium
for transfer by 4Q19; 3.) ESCENT Ubonratchathani, currently has more than 70% pre-sales take up, will be completed and ready for transfer by 2020; 4.) PHYLL Pahol 34, a condominium project in Bangkok
concept "Here for Bangkok". In addition, the Company has jointly invested with Origin Property Plc. to develop the Hampton Sriracha by Origin and Dusit, a luxurious condominium project in Chonburi, to