shareholders’ equity of the Company and its subsidiaries were Bath 3,652.78 million, decreased by Baht 155.57 million or 4.08% from 31 December 2019 due to a decrease in market price of investment in available

/2018 amounted to THB 782.2 MB and THB 752.4 MB respectively. A decrease in shareholder’s equity amount to THB 29.8 MB. The company has a road map for sustainable growth. The company has planned for

. A decrease in shareholder’s equity amount to THB 25.0 MB by the resolution passed at the board meeting for dividend payment’s approval in which amount to THB 67.6 MB and increase in net profit on year

payment resulting in a decrease in shareholders' equity Please be informed accordingly. Yours sincerely, (Miss Poramaporn Chamnongsuk) Company Secretary

(x) 1.69 1.93 (0.24) The increase in current portion from long-term loan Return on Equity (%) 0.79 1.96 (5.95) The decrease of operational performance Debt-to-Equity Ratio (x) 0.20 0.19 0.01 The

Increase (Decrease) % Net Assets 6,724,090 6,229,084 495,006 7.95 Net Liabilities 2,078,079 1,365,378 712,702 52.20 Shareholders’ equity 4,646,010 4,863,707 (217,697) (4.48) Assets As at December 31, 2018

, there was decrease in accrued expenses of Baht 5.43 million as the Company repaid the accrued expenses. 3 3. Shareholders’ equity As at 31 March 2018, the Company’s shareholders’ equity was Baht 1,506.14

increased. The significant decrease of total debt to total equity ratio of the Company was due to the ability of revenue recognition from The Ritz-Carlton Residences, Bangkok (“RCR”) which is a part of

times. Also, interest bearing debt to equity ratio was reduced positively at 3.6 times. This was due to the fact that net loans decreased while shareholder equity increased. The significant decrease of

The decrease in account payable Quick Ratio (x) 1.68 1.93 (0.25) The decrease in cash and cash equivalents used for operating activities Return on Equity (%) 0.84 1.89 (1.05) Decrease in performance