, the Company has financial position that changed from its financial status as of December 31, 2020. The changes are described as follows: Assets Items that has significant changes Balance by Quarter

receivable from finance lease and derivative assets. 6 Net profit and net profit margin attributable to the parent The Group had net profit for the period of the first quarter of 2022 amounting to Baht 322.4

Tax income (expense) comprised of current tax and deferred tax. Deferred income tax mainly from temporary difference of receivable from finance lease and derivative assets. 6 Net profit and net profit

tax mainly from temporary difference of receivable from finance lease and derivative assets. Net profit and net profit margin attributable to the parent The Group had net profit for the first quarter of

repair works in order to hand over to housing juristic person and for repurchasing of houses from customers, totaling 247 million baht in the same period in 2018. Please be informed accordingly. Yours

. The increase was come from the opening new clubhouse which helped to improve the service quality of golf course and restaurant. Since February 2018, number of golfers and customers from nearby housing

the real estate sector. In addition, the Company launched new housing project in a potential location. All houses were well designed in both layout and functions and the Company was able to maintain

MTI: MUANG THAI INSURANCE PUBLIC COMPANY LIMITED NC: NEWCITY (BANGKOK) PUBLIC COMPANY LIMITED NCAP: NEXT CAPITAL PUBLIC COMPANY LIMITED NCH: N. C. HOUSING PUBLIC COMPANY LIMITED NCL: NCL INTERNATIONAL

derived from the overall operating results. Financial Position The group’s assets decreased by Baht (154.09) million, mainly due to the following reasons: • Restricted cash decreased Baht (47.46) million

% Allowance (reversal of allowance) for impairment of assets 5.6 0.8% -3.6 0.0% -9.2 -163.6%   JAS Asset’s Management Discussion and Analysis for FS2018 Page2/5 2017 2018 Change MB % MB % MB % Profit before