automotive customers in Siam Eastern Industrial park and others increased qoq contributing this quarter's net profit (of the Company) to significantly increase by 36% qoq. Regarding measures in response to

DCORP 025/2020 May 13, 2020 Subject: Management Discussion and Analysis – Explanation of net profit for the quarter ended March 31, 2020 and the increase in the overall operations of more than 20 percent

. This was mainly due to the increase of the Company’s projects which are concert event and hinoki wood products in 2019. When deducted with the total cost of THB 5.20 million which consisted of the cost

leading to margin increase in all commodity products, supporting the increase in crude oil prices. All of this is translating into stronger than anticipated earnings in first half 2021. Transformation

years. Another reason is the increase in project’s cost when the project delayed. 3.3 In the second quarter of the year 2020, the revenue from concrete and other products was increased in the amount of

transfer the remaining units in 2019. 2. Completion of SPRIME establishment – on 18 January 2019, S REIT Management Company (“SREIT”) – our wholly owned subsidiary and REIT manager of SPRIME – has completed

held on August 14, 2019 and the EBT intends to be completed within December 2019 2. Related Parties and Relationship to the Company Transferee Company : Golden Lime Public Company Limited Transferor

13.1% 14.6% -1.5% 12.3% 14.3% -2.0% In September 2018, the Company completed divestment of Interactive Communications – a subsidiary of the group - and booked gain on sales of investment of THB 12.3

44.9 million or 112.7% YoY. The increase was mainly due to the impact of the adoption of TFRS 16 since 1 January 2020, which resulted in higher interest expenses by Baht 43.9 million. If excluding the

increase of registered capital, the issuance and the allocation of the newly-issued shares to specific persons (Private Placement) and the convening of the Extraordinary General Meeting of Shareholders No. 1