ended on September 30, 2016, as follows: Particulars Q3/2016 Q3/2015 Increase (decrease) Million Baht % Million Baht % Million Baht % Revenue Revenue from selling immovable property 609.57 87.90% 822.47

. However, selling and administrative expenses (including research and development R&D) to sales ratio is down from 15.2% in the same quarter last year to 13.7% in this quarter due to the lower selling

ที่ บช NO. AC.03/2020 14 August 2020 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 Plc

private consumption. Figure 1Total electricity usage, 2015-2017 Source: Electricity Generating Authority of Thailand According to Thailand Power Development Plan 2015-2036 (PDP 2015), peak demand was

burden of SME and consumers and increase liquidity in the markets and to further support the fiscal measures that have already been introduced earlier. For 2020, the Thai economy is projected to contract

, compared with 63:37 in Q2/2016. The ratio agreed with the Company’s strategy to increase the proportion of export sales. year. The ratio agreed with the Company’s strategy to increase the proportion of

operating lease in prominent locations, (ii) boost growth of rental revenue together with increase in efficiency in operating business, (iii) development of high potential properties with innovative and

profit the highest since 2013. The Company unveils Q2/2020 net profit 161 million Baht which increase from the same quarter last year at 17%. Page | 3 Management Discussion and Analysis Q2/2020 Net Profit

8,875m, increased by 128% YoY. Major drivers of such growth were 298% increase in revenue from sales of house and condominium together with 38% increase in revenue from rental and services which mainly

3,629mn, declined by 22.7% YoY. In this quarter, MACO outperformed the media industry significantly, delivering solid operating revenue of THB 262mn, an increase by 52.1% YoY. The Company reported net