, 2018 1. Analysis of operation results for year 2018 in compar ison with those for year 2018 (from the consolidated financial statements) Items 2018 2017 Increased (Decreased) Amount % 1.1 Revenues from

: 70,370,000.00 Baht or 1,230,000.00 Baht/rai (recorded as a part of Investment properties on March 31, 2019) Market Value : 70,370,000.00 Baht or 1,230,000.00 Baht/rai Valued by UK Valuations And Agency Co.,Ltd

Thailand. Demco Public Company Limited would like to inform you herewith the company result for the quarter 2/2020 according to the company’s consolidated financial statements for the-six month period June

is a maximum transaction value calculated from the reviewed consolidated financial statements as of 31 March 2020. The Company has not entered any acquisition of investment during the past 6 months

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

9 9. Source of Investment Capital The source of funding for the acquisition of ordinary shares of COMASS will come from the Company’s working capital and loan granted from a financial institution. In

share capital1 (the “Share Purchase”), at the price of INR 36 per share, equaling to the total investment amount of INR 2,988.00 million (the “Maximum Share Purchase Cost”), or equivalent to approximately

-1 - Translation - Ref. LPN/SorKor/386/2562 7th November 2019 Re: Consolidated Financial Statements Analysis Q3/2019 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co., Ltd

period last year, especially in the tourism sector. However, exports and private investment – two major economic drivers – continued to slow in line with the sluggish global economy and trade volume amid

consumption, private investment and public spending. Under these circumstances, Thai economic growth in the first quarter of 2018 may be almost on par with the level seen in the final quarter of last year