book value per share at 16.58 times and debt to equity ratio (D/E ratio) at 0.36 times. Cash Flow For the 9-month period as of June 30, 2017, the Company had the changing in cash flow comparing to the

million baht. Additionally, as of September 30th, 2017, the Company had debt to equity ratio (D/E ratio) at 0.36 times. Cash Flow According to the consolidated financial statement as of September 30th, 2017

-Translation- 1 -Translation- Ref. NCH 028/2019 August 9, 2019 Subject : Management’s Discussion and Analysis 2Q/2019 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

-Translation- 1 -Translation- Ref. NCH 042/2018 August 10, 2018 Subject : Management’s Discussion and Analysis 2Q/2018 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

Company's debt to equity ratio as at 30 September 2019 is 2.04 times (as at 31 December 2018 is 1.84 times) Panjawattana Plastic PCL. 28 Moo 2, Tumbol Chaimongkol, Amphur Muang, Samutsakhon 74000 Registration

-Translation- 1 -Translation- Ref. NCH 035/2020 August 10, 2020 Subject : Management’s Discussion and Analysis 2Q/2020 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

112 million baht, resulting in the book value per share of the company at 17.62 and the debt to equity ratio (D / E ratio) at 0.24. Cash Flow As of June 30, 2020, the Company had net cash generated from

-Translation- 1 -Translation- Ref. NCH 040/2019 November 8, 2019 Subject : Management’s Discussion and Analysis Q.3/2019 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

1 --Translation-- Sor Gor 7/2018 January 19, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Unaudited) To: The President The Stock Exchange of Thailand

1 --Translation-- Sor Gor 11/2018 February 22, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Audited) To: The President The Stock Exchange of Thailand