million or 12% increase compared to the same period of 2019. This was due to an increase in revenue from housing projects by Baht 487 million or 32%, mainly from an increase in transfer of single detached

our higher interest rate borrowings (note that the financing costs of BIP1 and BIP2 is 5.6% p.a. for fiscal year end 2017). Acquisition of BGYSP BGRIM acquired additional of 51% shares of B.Grimm Yanhee

in 2017, primarily due to improvement of our operating profit margin and significant reduction of financing cost resulting from the repayment of loan after IPO. • NNP margin improved to 9.3% in 2017

repair works in order to hand over to housing juristic person and for repurchasing of houses from customers, totaling 247 million baht in the same period in 2018. Please be informed accordingly. Yours

-Translation- 1 -Translation- Ref. NCH 049/2017 August 9, 2017 Subject : Management’s Discussion and Analysis Q.2/2017 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

-Translation- 1 -Translation- Ref. NCH 049/2017 August 9, 2017 Subject : Management’s Discussion and Analysis Q.2/2017 (Revised) Attention : President The Stock Exchange of Thailand N.C. Housing Plc

-Translation- 1 -Translation- Ref. NCH 067/2017 November 10, 2017 Subject : Management’s Discussion and Analysis Q3/2017 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

-Translation- 1 -Translation- Ref. NCH 028/2019 August 9, 2019 Subject : Management’s Discussion and Analysis 2Q/2019 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

-Translation- 1 -Translation- Ref. NCH 042/2018 August 10, 2018 Subject : Management’s Discussion and Analysis 2Q/2018 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

-Translation- 1 -Translation- Ref. NCH 056/2018 November 12, 2018 Subject : Management’s Discussion and Analysis 3Q/2018 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the