management service to other companies so as to generate recurring income for the organization. All aspects of the business operation are revised, enabling the Company to grow in a sustainable manner and in

Differentiate (Unit: Million THB) Million THB % Million THB % Million THB % Revenue Revenues from sales of real estate 8,764.9 87.8 14,523.1 87.3 5,758.2 65.7 Revenues from project management 487.5 4.9 1,225.9

capital) has entered into the Agreement to sell and purchase shares in 12 companies in Germany and Switzerland (“Shares Sale and Purchase Agreement”) with arcona Management GmbH (the “Seller”), total

subsidiary companies in Q1/2019 is 2,790.24 million THB, increasing 290.71 million THB or 11.63% from Q1/2018. The income from sales, rent and service and management fee increased 10.71%, 44.17% and 16.99

has increased by 1.25mb or 57.3% to 3.43mb (Q1 2018 : 2.18mb) as a result of better returns from our investments, as well as improvements in surplus cash management where we have invested surplus cash

sales of real estate 5,612.6 84.3 5,826.2 85.8 213.6 3.8 Revenues from project management 603.7 9.1 422.7 6.2 (181.0) (30.0) Dividend income - - 0.3 0.0 0.3 100.0 Gain from transfer of right for land

, working people and investors who buy and rent out condominium units. Apart from residential property development, the Company also provides real estate services and management service to other organizations

3,689.6 91.9 8,837.2 82.6 5,147.7 139.5 Revenues from project management - - 1,037.4 9.7 1,037.4 100.0 Gain from transfer of right for land purchase and sale agreements - - 312.0 2.9 312.0 100.0 Gain on

No. CAZ 1/2019 21st January 2019 Subject: Management Discussion and Analysis Quarter 3rd ending 30 September 2018 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company

No. CAZ 1/2019 21st January 2019 Subject: Management Discussion and Analysis year ended 2017 ending 31 December 2017 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public