sales increased 3 Million kWh (+5%) from the Solar Co-op projects (PPA 12 MW) which completed commercial operation commencement of all phases in March 2017, Management Discussion and Analysis of Business

decrease in unit transferring. There was no project completed construction in Q2/2017 while there was Manor Sanambinnam started transferring in Q2/2016. - Revenues from hotel operations in Q2/2017 amounted

decrease in unit transferring. There was no project completed construction in Q3/2017 while there were M Thonglor10 started transferring in Q3/2016 and Manor Sanambinnam continued transferring since Q2/2016

mainly from ready to move-in projects while there were 3 low-rise projects, Maestro 03 Ratchada-Rama9, Maestro 14 Siam-Ratchathevi and Maestro 01 Sathorn-Yenakat, completed and started transfer in Q2/2018

Home Jurisdiction: ___________________________________________________________ [ ] 1. Form 69 – CIS full ( completed by Qualifying CIS Operator ) [ ] 2.* Standard letter issued by the Home Regulator to a

: ______________________________________________ Home Jurisdiction: ___________________________________________________________ [ ] 1. Form 69 – CIS full (completed by Qualifying CIS Operator) [ ] 2.* Standard letter issued by the Home Regulator

the Company to be held on April 20, 2018 has been obtained. It is expected that the transaction will be completed by June 2018. 2. Related Parties Seller : Bangkok Expressway and Metro Public Company

approval of the 2018 Annual Ordinary General Meeting of Shareholders of the Company to be held on April 20, 2018 has been obtained. It is expected that the transaction will be completed by June 2018. 2

Shareholders of the Company to be held on April 20, 2018 has been obtained. It is expected that the transaction will be completed by June 2018. 2. Related Parties Seller : Bangkok Expressway and Metro Public

has a positive progress as the firm continued to received extension in listing its products from large grocery chain store in the UK, including ASDA which agreed to list the Group’s products in 300