ที่ บช NO. AC. 04/2019 14 November 2019 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development

Customers (TFRS 15) to reflect deduction and show the net in revenue from sales, thereby causing the revenue from sales and gross margin, including the distribution costs, to reduce in value, although the net

amounts to 7.5 Million Baht, decreased by 3.3 Million Baht or 30.6% compared to the previous year due to reduce of loan to a subsidiary. 4 Events after reporting period At the Board of Directors’ Meeting No

control quality and reduce losses - Create motivation by rewarding, if able to produce and control waste according to the target - Improved data storage system and production reports for monitoring and

2005 and the working capital from deposits redemption at the beginning of 2006. This caused a better working capital management to reduce the cost of fund. In Q2/2017 GC had a current ratio at 1.33 times

working capital management to reduce the cost of fund. In Q3/2017 GC had a current ratio at 1.36 times compared to 1.34 times in ending 2016, a little bit increased resulting from the drop in both short

September 2017, which the company repaid the loan from financial institutions to reduce some financial costs. The remaining will be in cash and cash equivalents. Total Liabilities Total liabilities as of 31

loans and used as working capital. This will enhance the Company to reduce the interest burden and maintenance costs. Moreover, the price is a reasonable. The Company has acquired the land in July 2016

deposits redemption at the beginning of 2006. This caused a better working capital management to reduce the cost of fund. In 2017 GC had a current ratio at 1.43 times compared to 1.34 times in ending 2016

ที่ บช NO. AC. 001/2018 28 February 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development