Disposal of Assets Notifications") has the highest value of 103.44% based on the net tangible assets value method according to the financial statements in which the equity method is applied of the Company

EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

-in projects. It is believed that the Company will be able to operate the business as planned in the latter half of the year. The situation should start to improve in Q4. As of 30th June 2019, the

momentum after a slow start in Q1 2019. 2. Financial position Table 4: Overall Financial position As of Dec 31, 2018 % As of Jun 30, 2019 % Change YoY % YoY Assets Cash 111.34 9.1% 122.73 9.5% 11.39 10.2

while ERP implementation is picking up momentum after a slow start in Q1 2019. T.662 636 6999 F.662 646 4200

Units Sales Progress Cumulative Transferred Value (MB) Start of Transfer in Year No. of Sold Units Million Baht % (unit) MahaNakhon - The Ritz-Carlton Residences, Bangkok Pace Project Two 14,508 209 207

. Project Operated By Project Value (MB) Total Units Sales Progress Cumulative Transferred Value (MB) Start of Transfer in Year No. of Sold Units Million Baht % (unit) MahaNakhon - The Ritz-Carlton Residences

Cumulative Transferred Value (MB) Start of Transfer in Year No. of Sold Units Million Baht % (unit) MahaNakhon - The Ritz-Carlton Residences, Bangkok Pace Project Two 14,508 209 207 14,241 99 13,566 April 2016

(6.30) 5.69 (11.99) (210.72%) Profit Sharing for the Year - The Company’s Equity (6.33) 5.30 (11.63) (219.43%) - Non-controlling Interest 0.23 0.39 (0.16) (41.03%) Total Revenues (Revenues from sales and

% of the total liabilities. Shareholders’ Equity As at 30 September 2018, the total shareholder’s Equity of the Company were 1,432 million Baht; decreasing by 37% as compared to the end of the year 2017