100 – 500 MB. In this regard, the large projects in which the Company has recognized revenue in 2020 such as The New Parliament Project in Information and Communication Technology, The Purchasing and

] the code of ethics and standards of professional conduct as defined by the associations related to securities business or by organizations in connection with securities business recognized by the SEC

projects of the government and state enterprises have slowed down and increased more competition in the market. The majority of the Company's revenue recognized in 2023 comes from government and state

warehouses. Therefore, after NDR has consolidated financial statement with immediately increase. In addition, NDR has the potential to expand the Malaysian market share and retain the existing customers

and its Subsidiary (together referred to as “Corporate Group”) would like to clarify on the operating results according to the consolidated financial statements of Year 2018 for the year ended December

Subsidiary (together referred to as “Corporate Group”) would like to clarify on the operating results according to the consolidated financial statements of Year 2019 for the year ended December 31, 2019 as

, the Company’ s consolidated total assets has grown at an average rate of 69.7% per year. The Company has a unique portfolio of hotels in desirable global holiday destinations, as follows (1) Two self

PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2017/18 30 OCT 2017 2Q 2017/18 SNAPSHOT & ANALYSIS CONSOLIDATED P&L SNAPSHOT THB (mn) 2Q 2016/17 1Q 2017/18 2Q 2017/18 QoQ (%) YoY (%) (Restated) Operating

932 584 348 Operating Revenue Billboard Street Furniture 2016 2017 2017 CONSOLIDATED P&L SNAPSHOT CONSOLIDATED P&L SNAPSHOT 2017 PERFORMANCE ANALYSIS (YoY) 2017 was a year of high record revenue and

. Management Discussion and Analysis For the Year Ended December 31, 2017 Page 5 2. Operation performance according to consolidated financial statement Unit : Million Baht Revenue from sale and rendering of