25/2 and Clause 25/3 in case of [i] an advertisement for offer or being going to offer for sale of units by a method apart from a delivery or distribution of the prospectus and [ii] sale promotion. In

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through support of investment and private spending as well as bolstering opportunities for other econo...

stores • Revenue from other channels, e.g., revenue from franchise stores, dealers, and online • Revenue from other services, e.g., delivery, installation services • >90% are from domestic project sales

follows: Remark: * In Q3 2017, there were 27 residences recognized revenue (54 residences in 2017, and 24 residences in 2016). The remaining residences are expected to be transferred by Q1 2018. MahaNakhon

paragraph is ineligible to do auditing and put his or her signature in the opinion on the financial statement of a securities company throughout the remaining period approved under the Notification governing

auditing and put his or her signature in the opinion on the financial statement of a securities company throughout the remaining period approved under the (Translation) -2- Notification governing approval

remaining backlogs and inventory from the four property development projects are in total of 13,762 million Baht in which are in process of completion and expected to transfer as planned. 1. As of 31 December

remaining backlogs and inventory from the four property development projects in a total of 15,746 million Baht, which are in process of completion and expected to transfer as planned. 1. As of 31 December

obliged to make a tender offer for all of the remaining shares of GLOW, amounting to 451,889,002 shares (equivalent to 30.89 percent of the total issued shares of GLOW) at the same price as the share

the real estate project has been completed and transferred to the customers after completion of the payment. Despite the sales of assets in the previous year there are remaining backlog and inventories