follows: Income Statement For the three-month ended March 31 Change Unit: Million Baht 2018 2017 Amount % Revenues from construction services and sales of construction materials 7,389.74 8,064.50 (674.76

the year 2019 to 7.5% while for the first quarter of the year 2018 was at 12.7%. 3 0.46 million % Total revenues 458.81 516.51 (57.70) (11.2) Cost of sales and services (198.34) (212.38) (14.04) (6.6

from revenues of the Company has decreased 71.61 million Baht from the quarter 1/2018 which had revenue from sales amounted to 162.80 million Baht, representing a decrease of 56.01 percent. At the same

May 15, 2019 Subject : Management Discussion and Analysis for quarter ended March 31, 2019 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1 Revenues Consolidated

May 12, 2018 Subject : Management Discussion and Analysis for quarter ended March 31, 2018 Attention : President The Stock Exchange of Thailand 1. Operating Performance . Revenues (Thousands Baht

May 15, 2020 Subject : Management Discussion and Analysis for 1st quarter ended March 31, 2020 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1 Revenues Consolidated

Sales revenue 182.58 137.93 44.65 32.37% Other incomes 3.14 0.52 2.62 503.85% Total revenues 185.72 138.45 47.27 34.14% Cost of sales 79.72 51.72 28 54.14% Selling expenses 58.78 36.79 21.99 59.77

-0.1% Food Business Revenues 2,760.9 56.9% 2,621.8 55.6% +139.1 +5.3% Total Revenues 4,854.8 100.0% 4,717.8 100.0% +137.0 +2.9% Cost of Sales – Hotels Business (1) (818.6) (16.9%) (858.9) (18.2%) -40.3

503 467 36 8% Sale revenues 485 456 29 6% Service revenues 13 7 6 86% Total expenses 508 462 46 10% Cost of sales 423 374 49 13% Cost of service 12 5 7 141% Selling expenses 46 55 (9) (16

same period in 2017 which had total revenues 356.60 million baht and net loss 47.66 million baht. The above performance was from these following reasons; - Sales of units in condominium projects