management income. - Cost of units in condominium projects sold in Q1/2019 amounted 804.67 million baht or 61.99% of sales compared to 292.57 million baht in Q1/2018 or 55.81% of sales. %Cost increased due to

management income. - Cost of units in condominium projects sold in Q2/2019 amounted 672.68 million baht or 61.88% of sales compared to 988.93 million baht in Q2/2018 or 61.43% of sales. %Cost slightly

income in Q1/2018 amounted 37.12 million baht increased by 14.52 million baht or 64.25% from 22.60 million baht in Q1/2017 due to the penalty revenue charged to construction contractor. - Cost of units in

income in Q2/2018 amounted 12.68 million baht increased by 3.02 million baht or 31.26% from 9.66 million baht in Q2/2017 due to the increase in revenue from juristic management income. - Cost of units in

Revenue from sale of goods 219,905 140,004 79,901 57.07 Revenue from sevice 56,610 81,443 (24,833) (30.49) Total revenue 276,515 221,447 55,068 24.87 Cost of sale of goods (140,661) (108,549) (32,112) 29.58

= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of

reduction of cost of inventories to the net realisable value which is shown as a part of cost of sales by increasing the cost of sales. 2019 2018 Increase (decrease) Million Baht % Million Baht % Million Baht

year. Farm business saw is income increase Baht 20.08 million, due to more delivery of raw milk to the customers compared to those of the same periods last year both. The increases were 46%. 1.2 Cost of

business saw is income increase Baht 20.08 million, due to more delivery of raw milk to the customers compared to those of the same periods last year both. The increases were 46%. 1.2 Cost of sales and

last year. - Farm business saw is income decreased Baht 0.10 million, near that of last year. 1.2 Cost of sales and service, Administrative expenses (Unit: Million Baht) For the ended March Movement