) of 14-15% per annum through 2-3 new projects a year, asset enhancement projects to add value to existing malls, regular rental increase, and operational improvement. Retail Property Development

Listed Company B.E. 2560 (2017) dated 2 October 2017. The divestment in YLP is one of the financial restructuring plans. The Company also has the existing businesses which are property development i.e

Mil.Baht TAKUNI holds 99.99% Takuni Land Company Limited Property Development Paid-up Capital 1 Mil.Baht TAKUNI holds 99.99% CAZ (Thailand) Company Limited EPC service for customer in energy business Paid-up

Analysis (MD&A) 2019 Page 4/8 6. Property Development Business and Retail Rental Space JAS Asset Public Company Limited ("J"), a company considered as the property developer, conducting in the business of

) Company Limited LPG/CNG conversion kit installation and LPG system construction Paid-up Capital 50 Mil.Baht TAKUNI holds 99.99% Takuni Land Company Limited Property Development Paid-up Capital 1 Mil.Baht

Capital 50 Mil.Baht TAKUNI holds 99.99% Takuni Land Company Limited Property Development Paid-up Capital 1 Mil.Baht TAKUNI holds 99.99% CAZ (Thailand) Company Limited EPC service for customer in energy

2,241.00 1 3,023.10 1 3,934.30 1 1,000.00 1 15 Printing and Publishing 16 Property Development 14,349.00 12 35,161.30 19 14,821.70 17 22,988.00 16 33,874.40 17 28,987.50 19 19,619.70 13 30,293.40 19

Co., Ltd. and subsidiary companies provide full property development services focusing on the quality of life of the residents with the implementation of “Vibrant Community” strategy, corporate social

PROPERTY DEVELOPMENT COMPANY LIMITED AKARA RESOURCES PUBLIC COMPANY LIMITED AKKHIE PRAKARN PUBLIC COMPANY LIMITED AKS CORPORATION PUBLIC COMPANY LIMITED ALIST CORPORATE PUBLIC COMPANY LIMITED ALL ENERGY

develop and transfer the remaining units within the next 1-2 years. Moreover, it is in the interest of The Company in pursuing with property development projects that aligns to the cash flow of The Company