million Baht from the investment made by two investors, namely Apollo Asia Sprint Holding Company Limited and Goldman Sachs Investments Holdings (Asia) Limited in two subsidiaries which were Pace Project

Langsuan Projects. The total interest paid equaled to 288.8 Million Baht, comprising of financing costs of 223.6 Million Baht and capitalized interest of 65.2 Million Baht. According to the joint venture of

Master Service Agreement, whereby S Hotels will provide project development services in relation to the Project Crossroads Phase 2 in accordance with the development plan to SPM SG, the Developer, and/or

did not affect the Company’s managements and operations. 2) Announcement of joint venture agreement with Tokyo Tatemono Asia Pte Ltd. (“Tokyo Tatemono”)to jointly develop 2 luxury condominium projects

the first half year. The Group have 12 projects awaiting for transferred activities in the second half of the year which the total project value over 17,100 million baht including 2 joint venture

rental and services which mainly derived from revenue generated from Outrigger group being acquired on 12 June 2018 as well as Crossroads project phase 1 officially opening on 1 September 2019. Moreover

venture agreement with Tokyo Tatemono Asia Pte. Ltd. to jointly develop a luxury condominium project in Thonglor area, Soi Sukhumvit 38. Management outlook and future projects Despite the bearish outlook

joint venture agreement with Mitsubishi Estate Asia to jointly develop OCC project, the grade A office building for rent. For the second half of 2019, the Company is planning to launch 2 condominium

create the IRR of at least 10% 2.2) Provincial Waterworks Expansion Construction PWA*: Counterparty PWA Operating Company New Joint Venture (Hydro holds 50%) Project Type Waterworks Project Expansion

over 17,000 million baht (including a joint venture project 5,300 million Baht), of condominiums and housing that will be completed and transfer in the second half of this year. The company will have the