1 25 May 2020 Subject: Notification on Resolution of the Board of Directors’ Meeting No. 5/2020, Change of Directors and Directors’ Power, Entering into Connected Transaction, Entering into Transaction on Acquisition of Assets and Determination of the 2020 Annual General Meeting of Shareholders To: Director and Manager The Stock Exchange of Thailand Enclosure 1. Information Memorandum on the Acquisition of Assets (Schedule 1) and the Entry into Connected Transaction of Nation Broadcasting Corpor...

2018 gross profit margin was mainly driven by the adoption of economies of scale and efficient control of production cost. 2. Selling expenses In year 2018, the Company incurred selling expenses of Baht

compared with total revenues, the company incurred a decrease the proportion 4.75% and 5.02% of total revenues in 2019 and 2018, in respectively, that occurred as the operation business plan. However, the

integrated marketing communications where the Company incurred expense to sponsor marketing activities at a cinema in one of major leading shopping center in Bangkok. The Company administrative expense for the

selling through agents was higher, transportation cost for distribution in both domestic and international market, sales promotion expense for exhibition In Philippine. All cost of distributions is incurred

Offering, pre-operation expenses for Project Crossroads Phase One comprise expenses incurred in preparing for the opening of Project Crossroads Phase One that was not recorded as capital expenditure, Tax

%, this was a result of a decrease in revenue from property transfer which subsequently incurred in down selling expenses. The administrative expenses for 2019 was 68.93 million Baht, decrease by 19.84

year. In addition, the Company and its subsidiaries incurred financial costs during the development of real estate projects which can generate revenue when these projects completed. The company’s

method is applied, the Company realized a loss incurred fiom its investment in Central Hospitality Co., Ltd. af 1.71 million Baht, under its 75% shareholding proportion. Therefore, the Company's Revenue

institutions. For the 3th quarter of 2017, according to the financial statement, in which the equity method is applied, the Company realized a profit incurred from its investment in Central Hospitality Co., Ltd