other income in amount of Baht 7.30 million compared to the same period of last year, due to the decrease of investment fair value in line with the decrease of SET index and service fees received from

million due largely to the increase in property tax income of Thai Wah Tower.  Other income declined by Baht 76 million. This is essentially due to a gain on sales of investment amounting to Baht 116

years ended December 31, 2018 2017 REVENUES 5,027.05 6,357.19 Revenue from sales and services 4,543.70 6,025.78 Revenue from sales electricity 330.85 143.28 Other income 152.50 188.13 EXPENSES (5,056.20

148.64 154.11 148.23 5.88 3.97 Profit before share loss from investment in joint venture and income tax 19.89 21.82 17.21 22.22 (5.01) (22.55) Share of loss from investment in joint venture (1.00) (0.86

2017 an increase of 22%  EBITDA: 54mTHB in Q4 2018 compared to 37mTHB in Q4 2017 an increase of 46%; 2018 full year 230mTHB compared to 172mTHB in 2017 an increase of 34%  Net income: 25mTHB in Q4 2018

hedging at Baht 1.8 million. Other income from mold supplier, sales of scraps and obsolete equipment reported at Baht 3.2 million. Gross profit margin was dropped from 33.4% to 32.2% due to long aged

cost (55.43) (3.88%) (143.52) (7.18%) (88.09) (61.38%) EBT 48.49 3.39% 305.46 15.27% (256.97) (84.13%) Corporate Income Tax (24.35) (1.70%) (91.63) (4.58%) (67.28) (73.43%) Net Profit 24.14 1.69% 213.83

investment in joint venture and income tax 12.38 19.89 9.38 17.21 (7.83) (45.50) Share of loss from investment in joint venture 0.00 (1.00) 0.00 0.00 0.00 N/A Profit before income tax 12.38 18.89 9.38 17.21

baht in 2018 due to the opening of new hotel, MAVEN Stylish Hotel Bangkok. - Management fee income in 2019 amounted 87.93 million baht increased by 28.42 million baht or 47.76% from 59.51 million baht in

- 0.88 -67.89% Other income 36.37 48.96 -12.59 -25.71% 32.89 44.75 - 11.86 -26.50% Total Revenue 1,290.90 1,443.33 -152.43 -10.56% 1,284.81 1,428.01 - 143.20 -10.03% Sharing of gain (loss) from investment