Public Company Limited (“the Company”) would like to clarify the operating results of the Company and its subsidiary for the 4th quarter ended December 31, 2019 which has been audited by the independent

Company Limited (“the Company”) would like to clarify the operating results of the Company and its subsidiary for the first quarter ended March 31, 2019 which has been audited by the independent auditor as

ที่ บช NO. AC.004/2018 13 November 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development

Public Company Limited ( “ the Company” ) would like to clarify the operating results of the Company and its subsidiary for the 3rd quarter ended September 30, 2019 which has been audited by the

, 2018. 5. The Company’s Shareholding Proportion: Before the disposal; After the disposal; 20.51 percent 0 percent 6. Objectives of the Disposition: To use the received amount as the Company’s working

working capital. 6) Total value of Consideration Obtained 39,998,400 Baht 7) The criteria used to determine the value of the consideration Par Value 8) Source of fund Working capital of the Company. 9) Type

the first issue to be used as working capital for the company. 8 Board’s Opinion The Board of Directors considered the proposed connected transactions to be appropriate, due to provide VIBHA sufficient

% when compared to the year 2018. There is a gross profit in the amount of Baht 10.79 million or 3.61%. Last year, the Company received only one additional construction project due to the limited working

Connected Persons: The Mitsubishi Electric Corporation is common major shareholder by holding share as followings: - KYE : 9,048,020 shares or 45.70% MKY : 57,700 shares or 48.04% 6. Funding Source: Working

Cay I, Road Town, Tortola, British Virgin Islands Funding source used: Working capital of the Company 2. Subsidiary Name: S Maldives Pvt. Ltd. Registered capital: USD 2,000,000, consisting of 2,000,000