driven by the opening of Proton showroom in October 2022 and the expiration of sales and service tax (SST) exemption in March 2023, resulted in the acceleration of car delivery and registration during Q1

due to delays in the delivery and the amendment of additional contracts before payment of the government sector. Contract assets increased by 474. 3 MB, representing an increase of 52. 4% . This is

Company’s amortization of intangible assets arising from the purchase of investments in associates and the result of associates’ delayed revenue recognition due to the delay in delivery of work. Consequently

amortization of intangible assets arising from the purchase of investments in associate companies and the result of associate companies’ delayed revenue recognition due to the delay in delivery of work

was semi-annual, principal repayment: Baht 22.2 million/period (the last repayment will be made for remaining principal) at rate of THBFIX 6-month plus percent per annum of fixed rate and Company made

and creative service income, and other incomes were totaling of 14 Million Baht. The Company also gave priority to launch a new campaign in selling and marketing to boost up the remaining residences of

acquire the hotel business in Europe and the remaining debt acquired through the EBT of UE. Net loss of the Company during the period was THB 132mn, as opposed to a net profit of THB 27mn in 1Q 2017. The

2018, Master & More Company Limited (“Master & More”), a wholly-owned subsidiary of MACO, has acquired all remaining shares of 20% in Open Play Company Limited (“Open Play”) with a total investment value

Baht. Additionally, the Company has a plan to continually transfer the remaining residences of the Ritz- Carlton Residences, Bangkok to the customers in 2018. MahaSamutr Project: The construction in

. Sales in 1Q18 represented new prices for delivery that took effect in January 2018 with an effective markdown of nearly 2%. Cost of Sales and Gross Profit The profit margin in 1Q18 dropped Q-o-Q and Y-o-Y