(043) 236-835 456 Moo 14 Mittraparp Rd. Muang Khon Kaen Thailand 40000 Tel. (043) 333-555 Fax. (043) 236-835 Ratchaphruek Hospital No. RPH-SET 14/2018 November 10, 2018 Subject : Management Discussion

transaction to the Stock Exchange of Thailand (the “SET”) pursuant to the Acquisition and Disposition Notifications; and (2) notify the information in writing to the shareholders of the Company within 21 days

Board TorChor. 21/2551 regarding Rules on Connected Transactions, dated August 31, 2008 (as amended) and the Notification of the Board of Governors of the Stock Exchange of Thailand (the “SET”) regarding

(NLA) of 1.6 mn sqm. 2Q17 Major Events The conversion of CPN Retail Growth Leasehold Property Fund (“CPNRF”) into a new Real Estate Investment Trust (REIT) on 31 May 2017, the Board of Directors has

from room renovations of Dusit Thani Pattaya and Dusit Thani Laguna Phuket of which under Dusit Thani Freehold & Leasehold Property Fund (DTCPF or “Property Fund”). In addition, F&B revenues declined

has to disclose the information memorandum on entering into the transaction to the SET and send the circular letter to inform shareholders within 21 days from the date of disclosure of information to

' *ก#*# "#$N!%!ก ก ' *ก#6 ก ' !!ก" t##ก %!ก " t## !$s ก![ " 8O% , I ก ' 8,* ก##(6 ! 2 ก ' 8 ", ** !O, !ก![.+u( (SET Index) .+#ก .6!O ,$.#, !ก![.+u( (SET TRI) # ! 1 #ก "# 2560 *** !O ,$.#, !ก![.+u

Construction Products Public Co.,Ltd. 6 (7) Home Product Center Public Co.,Ltd. 358 287 LH Property and Loan Fund II 16 17 Quality House Public Co.,Ltd. 282 192 Total 831 726 7. The comparison of the Company’s

expense decreased mainly because of an adjustment of staff costs to be in line with the company’s operating performance, while the increase was due to an additional amount of provisions set aside for

depreciation expense of unproductive machinery from COGS to administrative expense. In addition, the Group set aside an impairment provisions in the amount of Bt56.5 million for unproductive machines under the