manager shall not hold units of its managed REIT more than the following rate: (1) 50% of the unit sold; and (2) 50% of the unit sold of each class, in case there are many classes of units. Units which are

ensure compliance with the trust instrument and the relevant laws. The duties under the first paragraph shall include the following duties: (1) ensuring that the REIT is managed by the REIT manager whose

3.1 Financial position As of 31 December 2018, the Company’s financial position compared with the previous year were the followings; (Unit: Million Baht) Description For the year ending 31 December Year

gross profit margin narrowing to 20% from 26% the previous year. The decrease was due mainly to the impact of a higher cost of goods sold and a change in foreign currency exchange rates. The cost of goods

this year contributed higher gross profit margin than the previous average level. Jan – Sep 2017 For the nine-month period ended 30 September 2017, gross profit of the Group was THB 349.04 million or

increase by Bt5.0 million or 0.1% from the previous year. Total revenue growth was lower than the increase in expenses, mainly due to an increase in depreciation and amortization and financial expenses. As a

% of shareholders’ equity higher than that of the year 2016 having 4.34% 3 Asset management 3.1 Financial position As of 31 December 2017, the Company’s financial position compared with the previous year

key segments like chemical and construction (AAC block manufacturing) also show positive tendencies. On the downside the nonferrous mining segment is likely to underperform versus previous years

million baht from previous year which consistent with an increase of sale. 2.3. Administrative expense for 2018 was in the amount of 37.95 million baht, increased by 2.56 million baht or increased 7.25

14,329.7mn, an increase of THB 3,871.8mn from the previous year • Net debt to Equity ratio3 as of 31 December 2018 equals 0.96 times Operating result Q4/18 and 2018 Revenue and Backlog2 Source of income (Unit