สรุปผลการดำเนินงานของบจ -Translation- August 15th, 2017 Subject: Management Discussion and Analysis Quarter 3 Ending 30 Jun 2017 (Edited Template) To: Managing Director The Stock Exchange of Thailand

of revenue from space rental of “The Brio Mall” which plans for site development plan, screens more variety of shops including setting up interesting activities to meet the target group and recognize

: Country Group Development PLC the third party who is not a related person and has no relationship with the directors and/or the executives of the Company and/or major shareholders including those who are

period ended November 30, 2017; 3. Unanimously approved the related transactions with the related companies (Details as attachment) Please be informed accordingly Yours sincerely, Kiyoyasu Asanuma Managing

group of companies. - Impairment loss on investments in 2018 amounted 199.00 million baht was from impairment in investment in subsidiaries. - Finance cost in 2018 amounted 433.73 million baht increased

15.61% of the total revenue, respectively (compared to 19.75% and 16.02% from the same period of previous year). Overall, the group had an increase in net profit due to the increase in revenue. However

54.09 million baht in Q1/2017 from employee restructuring in group of companies. - Finance cost in Q1/2018 amounted 112.45 million baht increased by 27.42 million baht or 32.25% from 85.03 million baht in

revenue, respectively (compared to 19.84% and 16.30% from the same period of previous year). Overall, the group had an increase in net profit due to the increase in revenue. However, the net profit margin

/2017 from employee restructuring in group of companies. - Finance cost in Q2/2018 amounted 111.77 million baht increased by 11.79 million baht or 11.79% from 99.98 million baht in Q2/2017 due to the

in group of companies. Please be informed accordingly Sincerely yours, (Mr. Suriya Poolvoralaks) Executive Director and Managing Director http://www.majordevelopment.co.th/popup_bod01.php?id=11&ids=60