operating performance and financial position for the third quarter and nine months ended September 30, 2018 with those of 2017. This report discusses principal changes in the reviewed consolidated financial

(MD&A) for the year 2019 Attention: The President The Stock Exchange of Thailand The Company wishes to present the Management Discussion & Analysis (MD&A) on the operating and financial status for the

fully shift to the ERP system in Q4/2017. 2. Operating Results (Company and Subsidiaries) Consolidated revenue for Q2/2017 of 96.0 million baht compared with Q2/2016 of 107.2 million baht, decreased 11.2

(Translation) NEP-AC 001/2562 28 February 2019 Subject : Management Discussion and Analysis for year ended 31 December 2018 To : The President The Stock Exchange of Thailand Operating Result NEP

Page 1 of 3 GEL.CS.003/2562 28 February 2019 Subject: Management Discussion and Financial Analysis for the operating results as at December 31, 2018 To: Director and Manager The Stock Exchange of

in associated company of 6.78 million baht from better operating results of associated companies with a decreased in property, plant and equipment at 5.08 million baht due to the annual depreciation

Page 1 of 3 GEL.CS.015/2561 15 May 2018 Subject Management Discussion and Financial Analysis for the operating results of the first quarter of 2018, ended 31 March 2018 To Director and Manager The

Thailand K.C. Property Public Company Limited and its subsidiaries (“company and subsidiaries) would like to clarify our operating results for the third Quarter of 2018 (Q3/2018) as follows:- (Unit: million

Expenses 47 43 9 Allowance for doubtful account (Reverse) (1) 2 (150) Allowance for diminution in value of goods (4) (2) 200 Operating Profit 61 53 15 Less Loss from change in fair value of financial 67 4

Expenses 35 46 -24 Allowance for doubtful account (Reverse) 7 (2) 450 Allowance for diminution in value of goods 7 (3) 333 Operating Profit 16 62 -74 Less Loss from exchange rate 4 2 100 Loss on recognition