backlog was THB 16,745mn, decreasing by 6.9% as compared to the end of 2018 of THB 17,981mn. Although the JVs had sturdy sales in The Line Wongsawang, The Line Ratchathewi and The Line Phahonyothin Park

healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.10 times. 2018 Outlook Maintain 2018 forecast, yet adjust down new hotels opening • Despite Boat

than the previous year due to: the costs of domestic logistics business and dialysis manufacturing business which there had been none in 2017 due to no existence of such business; the expansion of

in legal proceedings and we shall not deny the existence of such information only because it is in an electronic form. 2 . We acknowledge and agree that if we change the information on the names of the

the legal proceedings and we shall not deny the existence of such information only because it is presented in an electronic form. 4 Clause 2 We acknowledge and agree that if we change the information as

can be referred to as evidence in the legal proceedings and we shall not deny the existence of such information only because it is presented in an electronic form. 4 Clause 2 We acknowledge and agree

liquidity ratio was 1.35 times. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.09 times. 2019 Outlook 2018 was the final

based on the past experience. Moreover, the Company had 4 of 6 major overseas customers that have been verified the existence and considered the ability to make debt repayment from a local financial

and small business loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company

loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company Limited is assigned the