3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company

from disposals of real estate 862.7 98.3 1,986.7 80.3 1,124.0 130.3 Revenues from project management - - 408.5 16.5 408.5 100.0 Other income 15.2 1.7 78.5 3.2 63.3 416.1 Total Revenues 877.9 100.0

104.68 56.11 53.60 - Profits (losses) from foreign exchange 85.51 55.82 29.69 53.18 (36.65) 91.79 (128.44) (232.94) Financial cost 63.61 81.94 (13.33) (16.26) 142.51 151.86 (9.35) (6.16) - Publishing

บทรายงานและการวิเคราะห์ของฝ่ายบริหาร Management Discussion and Analysis For the Financial Result of Quarter 3 Year 2020 Ended September 30, 2020 Note: This Management Discussion and Analysis (MD&A

project for Solar Rooftop Project. Selling and administrative expenses For the first quarter of 2019, it was Baht 52.77 million increased by Baht 17.93 million or 51.46%. This is an increase of Baht 3.81

directors in sum of 14.16 million baht with interest of 6.25% per year. The company has implemented the basis of related transaction. The related transaction is to provide financial aid to the company. Based

Page 1 of 2 No. ACC6102/003 February 27, 2018 Subject: Explanation of Financial Performance for the year 2017 ended December 31, 2017 To: President, The Stock Exchange of Thailand According to the

financial advisor fee of the production and distribution of tap water in some parts of Phuket and some areas of Phang Nga Province project. 5. Bad debt and doubtful accounts amount 9.96 million baht, compared

makes decisions to invest or dispose of real estate or leasehold right of the following mutual funds: (1) property fund; (2) property fund for solving financial institution https://publish.sec.or.th/nrs

Project and Windshell Naradhiwas Project: Nimit Langsuan and Windshell Naradhiwas projects are in the process of construction as planned. Also, the Company received credit facilities from its financial