to encourage listed companies and others whose buildings or offices are located on Vibhavadi-Rangsit Road to join the efforts in managing waste in their respective premises efficiently and set an

Management Discussion and Analysis of the Company's operation for the three-month period ended 30 September, 2019 with details as follows: Unit: Million Baht (Unit: Million Baht) Consolidated financial

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

mainly from M Jatujak, Reflection Jomtien Beach Pattaya, M Silom and Manor Sanambinnam. - Management fee income in 2018 amounted 59.51 million baht increased by 19.52 million baht or 48.81% from 39.99

Management Discussion and Analysis for the first quarter ended March 31, 2019 Attention The President The Stock Exchange of Thailand Attachment Report and interim financial statement for the first quarter

N.C. Property Management Co., Ltd. (NCPM), a subsidiary of the NCH (99.99% of NCPM’s shares held by NCH.) to enter into a Joint Venture agreement with The Care and Health Group Limited Partnership

which the interest rate is approximately 9%-10% per year. Moreover, the management structure is not appropriate; therefore, the joint venture company has high unnecessary human resource management expense

เอฟ เอส จำกัด 700,000 0.11 7. นาย บันเทิง ตันติวิท 595,900 0.09 8. บริษัท Thai NVDR Company Limited 537,750 0.09 9. นาย วิทิต ลีนุตพงษ์ 500,000 0.08 10. นาย พรรษิษฐ์ พูนพิพัฒน์ 430,000 0.07 Management

Management Discussion and Analysis for the year ended December 31, 2019 Attention The President The Stock Exchange of Thailand Attachment Report and financial statement for the year ended December 31, 2019

transaction value is equal to 7.78 percent, calculated based on the Total Value of Consideration Paid or Received. Since the total highest transaction value is less than 15 percent, therefore, the Management