: The Operating results of the company and its subsidiaries Explanation of the operating performance for the 3-month period ended June 30, 2018 as in the consolidate financial statement has net loss 0.61

changes in fair value of investment, and profit from Exchange rates, etc. ท่ีตั้ง 55/2 หมู ่8 ถ. เศรษฐกิจ 1 ต.คลองมะเด่ือ อ.กระทุ่มแบน จ.สมุทรสาคร 74110 Tel. (66) 0-34877485 - 8 Fax. (66) 0-34877491 – 2 6

Thailand Major Development Public Company Limited (“The Company”) would like to inform total revenues 1,726.37 million baht and net profit 287.65 million baht in the consolidated financial statement for

residences “The Ritz-Carlton Residences, Bangkok” at MahaNakhon transferred in the Q2 2018 of 58 residences which was greater than the same period last year of 33 residences. The Company’s gross profit from

of Thailand Major Development Public Company Limited (“The Company”) would like to inform total revenues 1,464.61 million baht and net profit 74.59 million baht in the consolidated financial statement

increase from 33.0% gross profit margin in the corresponding period last year, mainly due to the improving margins for the branded products by the Company’s production. Branded products by the Company’s

margin loans 42.10 (9.44) 42.10 (9.44) Gain and return on financial instruments 163.36 (21.54) 163.17 (21.73) Shares of gain from investments in an associate and a joint venture 3.97 4.40 - - Gain from

3rd quarter of 2019 and net loss of 6.68 million Baht in the 3rd quarter of 2018, comparing net loss increased by 5.74 million Baht, or 85.48% Gross Profit (Loss) The Company has a gross loss from sales

-TRANSLATION- 14 November 2019 Subject : Management Discussion and Analysis for Q3/2019 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance

2018 and 2019 accounted for 7.0% and 4.3, respectively. The decreasing in net profit were stemmed from cost of medical treatments, financing costs, and tax expense as aforementioned. Please be informed