March 31, 2019 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For three months ended March 31, 2019 Overall Group Performance Table

2020 ended June 30, 2020. Such financial statements comprise of the consolidated financial statements and the separate financial statements as compared with the financial statements for the second

, increased by Baht 616.8 million from Baht 21,378.2 million at year-end 2017 mainly due to additional investment in 1 power project under construction. The key elements of Assets in the Company’s Consolidated

2016 Consolidated Financial Statements The net profit of the Company and subsidiary companies decreased 1,113.91 million THB or 51.19% i.e. from 2,176.23 million THB to 1,062.32 million THB. It was

opinion that the reclassification of revenues and expenses of Power Plant Business Units in consolidated financial statement should be done by being shown the net transaction in “Loss for the Period from

- the Company has started the transfer of the ESSE Asoke – our first luxury condominium project in December 2018. We can achieve the transfer progress of 29% of total units sold and expect to complete to

derived from revenue generated from Outrigger group being acquired on 12 June 2018 as well as Crossroads project officially opening on 1 September 2019. 9M19 Net profit at THB 702m, or 33% decline YoY

Company’s project transferred during 2Q19 climbed up significantly. Down payment at 15-20% possibly plays a vital role in reducing portion of speculative buyers in our projects, minimizing negative impact

2017 ended June 30, 2017. Such financial statements comprise of the consolidated financial statements and the separate financial statements as compared with the financial statements for the first six

of 2017 WHAUP completed our 2017 at record-high result with a Net Income of Baht 1,980.9 million, 436.1% increase from 2016. 1. RESULTS OF OPERATION FOR 2017 Consolidated Financial Statements 2016 2017