adjustment with PPA/1 60.2% 55.3% /1 Excluding accounting impact of Purchase Price Allocation (PPA) Income from sales of real estate during 2019 stood at THB 3,505.0 mm, which increased by 64.9%, compared to

or 865.5 %, compared to the same period of the last year. KEY HIGHLIGHTS • Total revenue increased by 152.5%, mainly from increase in revenue from sale of real estate and increase in revenue from sale

from real estate sales, which was the main source of income for 2019. In this regard, the analysis of the operating results of the Company could be explained as follows: Rental and Service Income and

Ratchadamri to LH Hotel Leasehold Real Estate Investment Trust in the second quarter of 2017 and lease back for operation, therefore, the cost is increase. 6. In the third quarter of 2017, details of share of

the capital assessment in order to register the rights and legal transaction determined by the Treasury for calculating property tax, registered fee and stamp tax but for real there are different status

755,979 7.5% 14.0% Utilities and services 528,731 495,693 470,159 6.7% 12.5% Housing 290,133 249,845 251,197 16.1% 15.5% Real estate and construction 216,516 205,235 200,736 5.5% 7.9% Agriculture and mining

with short position) are required to make an initial margin deposit with their futures agent to secure their performance under futures contracts. Since the amount of initial margin is small compared to

baht or 12.6 percent due to an increasing in investment in account receivables both secure and unsecure type of non- performing loan. This was an objective of the business to expand revenues base in

mainly from increasing in cash and cash equivalent, debt acquisition both secure non performing debt and unsecure non performing debt. Liabilities and Shareholder’s Equity The Company’s total liabilities

both secure and unsecure debt in 1st quarter of 2018 and excess of acquisition cost over estimated value of interest acquired in net assets of a subsidiary (JP Insurance). Liabilities and Shareholder’s