with an incentive to launder money causing damages to ADAM even though it was known at that time that Kitha was being investigated by the National Anti-Corruption Commission (“NACC”) on a case relating

as the negotiation by the parties for conclusion of the shareholders agreement required as a condition precedent has not yet completed. The terms of the shareholders agreement being under negotiation

transfer in Maestro 19 Ratchada – Vipha which was completed construction. - Others income in Q3/2019 amounted 92.83 million baht increased by 85.95 million baht or 1,249.27% from 6.88 million baht in Q3/2018

: - Sales increased by 534.91 million baht or 41.47% from 1,289.83 million baht in Q1/2019 to 1,824.74 million baht in Q1/2020 because of the transfer in Metris Rama9 - Ramkumhang which was completed

transfer in METRIS Rama9 – Ramkumhang and METRIS Ladprao which were completed construction and started transfer in 2020. - Revenues from hotel operations in Q2/2020 amounted 5.75 million baht decreased by

room inventory in the last quarter of 2019. The common areas including Food and Beverage outlets have been completed with remaining room inventory to be completed mid-year 2020. Consequently, hotel

Economic Growth Sources: Office of the National Economic and Social Development Board and Ministry of Commerce Projection by KResearch Ye ar -o n- Ye ar C ha ng e (p er ce nt ) 2 throughout 2018 to

managed to be lower, resulting from the credit rating. This reflects the financial stability of the Company. Completed projects, new projects launched, sales volume and backlog in Q1/2020 1. Completed

commenced after all conditions are completed. For more detail, see “Resolutions of the Board of Directors Meeting Regarding Connected Transaction on the Offer to Tender the Entire Ordinary Shares of CSL

233,641 82% 240,570 83% 2026 7,180 750 - - Retained earnings 24,675 8.7% 25,666 8.8% 2027 9,000 750 - - Others 25,752 9.1% 25,155 8.6% Total Equity 50,427 18% 50,821 17% Credit Rating Fitch National rating