budget of THB 170 million. 5. Investment Value Carnival Magic Project investment value is approximately THB 3,570 million, comprised of: (Unit: THB ‘000) Investment Cost Past Budget Revised Budget Increase

these old buildings as well as build two new 4- storey buildings with total 268 accommodation rooms that can support around 900 employees; total construction budget of THB 170 million. 5. Investment Value

rent. The investment budget for the project is approximately THB 2,975,870,000 (the “Lease Transaction”). In this regard, the said Lease Transaction constitutes as an asset acquisition transaction

in investment in Carnival Magic Project from the investment budget that the Board of Directors No. 5/2019. On March 15, 2019, the approved amount of 5,436 million baht was 5,568 million baht, an

fee 45,000,000 Baht. The lessor allows the Company to operate or construct the project for 18 months without cost. 4.2 The budget for design and construction of community mall project is worth

fee of more than THB 17 millions. This is a lot higher than the budget as well as the THB 8.8 millions fee proposed by Cherdchaiwon. Thus, the transaction amount with Cherdchaiwon is considered to be

higher than estimated budget. (4) Gross profit The Company and its subsidiaries’ gross profit was of Baht 0.31 million, decreased by Baht 31.32 million or more than 99.03% from the period of previous year

addition, for such a delayed project, the company also had a decrease of the project’s budget (13.55) million baht. It was since the company had a necessary to complete such a delayed project on time. That

decreasing due to the impact of COVID-19 outbreak, such preventive measures of social distancing and curfew. It caused the Group had to improve budget costs control in some projects. Such as increased costs of

temporary close of operation and continually to evaluate each month situation. Investment plans according to the 2020 budget are also postponed in order to maintain the solvency of the cash flow. Loss on