hires supporting business expansion, (3) increase in professional fees, and (4) increase in accounting and audit fees both in Thailand and overseas, while the Company had reduced legal fees and unrealized

expansion, while the Company had reduced legal fees and unrealized loss on foreign exchange relating to equipment deposit. SAAM Energy Development Public Company Limited - 4 - Finance cost In Quarter 2 of

Ltd. is in the beginning of the operation Therefore has a high investment cost and administrative expenses In addition, in this quarter, the Company had expenses for one time of Expense to be compared

Q2 2019 were at 12.4% and 5.7% respectively. The Company’s profitability indicators were lower than Q2 2018, mainly due to new investments which had not yet generated return and unrealized loss on

trading business. However, trading business had revenue Baht 74.26 million and all the payment has been made within Q2/18. 3 Months 3 Months (Unit : Million Baht) 2018 2017 Change % Change Revenue 443.08

) (4.76) Page 4 of 5 Assets As at 30 June 2018, the Company had total assets of Baht 6,459.15 million, increased by Baht 230.06 million or 3.69% from 31 December 2017 due to; 1. An increase in trades and

the Company. The Audit Committee has the opinion in correspondence with the opinion of the Board of Directors of the Company, and none of the Director had the different opinion or abstention. Please be

target groups of customer. In 2017, the Company started developing premium single house projects. The residential property price in the market at the time had a tendency to rise, especially those located

method as the Company had the negative NTA according to the consolidated financial statements of the Company ended 30 September 2018. 2 Unable to calculate this method as the Compmany incurred net loss

, which is equivalent to the rate of 1.08 percent per annum plus 1.00 percent. Such amount is even more than the return that the Company may have obtained if it had continually deposited such amount with a