(“the Company”), the management would like to clarify the operating results for the period of three month ended June 30, 2020 as follows; Summarized of the Statement of income Unit : million Baht Quarter

from disposals of real estate 862.7 98.3 1,986.7 80.3 1,124.0 130.3 Revenues from project management - - 408.5 16.5 408.5 100.0 Other income 15.2 1.7 78.5 3.2 63.3 416.1 Total Revenues 877.9 100.0

still in higher level than anticipated by the management. Other income and fixed cost Financial performance of solar energy for the three-month period (Unit : Million Baht) Quarter 2, 2017 Quarter 1, 2017

% 563.7 5.0% -59.4 -9.5% Underwriting expenses 110.0 0.9% 233.6 2.1% 123.6 112.4% Gross Profit 2,885.0 23.0% 3,242.3 28.6% 357.3 12.4% Sales promotion income 217.8 1.7% 331.7 2.9% 113.9 52.3% Management fee

Including rental and service income, marketing commission income, project management fee, interest, and others Management Discussion and Analysis ( - translation - ) For operating result of 3Q19, ended 30

4,980.73 to 1,817.28 million THB. Around 72% is the inventory but the gross profit is maintained at 30% of income. Moreover, the management expense is controlled and has decreased 31.25% from that of the

waste water management services of Baht 6.00 million. Revenue (3 months) Overall, quarter 1/2020, the Company had sales and service income of Baht 272.27 million, which increased from quarter 1/2019 by

income 32 35 27 Total revenue 3,272 2,751 3,031 Cost of sales of goods 2,598 2,322 2,610 Distribution costs 195 153 179 Administrative expenses 152 180 143 Management benefit expenses 2 3 3 Net foreign

Interest Rate: EIR) to calculate the income that the Management Discussion and Analysis (MD&A) 2019 Page 6/6 Company can recognize in each period. The Company was on the period of evaluation the impact on

87.3 12,278.6 86.9 (2,244.5) (15.5) Revenues from project management 1,225.9 7.4 918.9 6.5 (307.0) (25.0) Dividend income - - 0.2 0.0 0.2 100.0 Gain from transfer of right for land purchase and sale