transactions and consequently recorded the impairment of investments in subsidiaries of Baht 3,400 million in the first quarter of 2018. As a result, the Company recorded net Loss of 4,086 million Baht. 2 | P a

major buildings. As a result, local contractors rejected the work and only foreign contractors accepted the work with proposed fee of more than THB 17 millions. This is a lot higher than the budget; The

result, the Company is required to disclose the information memorandum on entering into such transaction to the Stock Exchange of Thailand (the “SET”) and to send a circular letter to the shareholders of

Notification of Acquisition or Disposal of Assets. As a result, the Company is required to disclose the information memorandum on entering into such transaction to the SET and to send a circular letter to the

Baht. The key reason was from the result of the transfer of 58 residences of MahaNakhon project in Q2 2018 which significantly increased as compared to the same period last year. The Company had total

the debt problem of the Company. The disposal of Land at Bueng Kham Proi will result that Modern Street will be able to lend money to the Company in order to increase liquidity of the Company. 7) Plan

as a result of the issuance of latest debentures with lower coupon rate, and partial utilization of short-term instruments from financial institutions. PERFORMANCE BY BUSINESS Rental Properties

previous year have ended and the competition has intensified in the stainless pipe product. As a result, sales and gross margin declined in the current quarter. While administrative expenses have increased

million or 45.18% comparing to the 3rd quarter of 2017, which the realized net loss of THB 29.44 million. As a result of lower sales volumes, while the rate of cost of sales of both quarters are similar

2 transaction under the Notification on Acquisition or Disposal of Assets. As a result, the Company is required to immediately disclose the information memorandum on entering into such transaction to