Notification of the -10- Capital Market Supervisory Board Re: Application and Approval for Offer for Sale of Newly Issued Debt Securities: (1) arranging for credit rating before each issuance of sukuk and on a

to 220,000,000 THB). The reference ex average exchange rate before the negotiation date between NDR and CRSB which is a period between August 18, 2017 and September 12, 2017. The exchange rate is

development business. The Company recorded negative earnings before interest and taxes of 584 million Baht (120% of total revenue) in contrast to the 2Q 2018 with profit before finance cost and income tax of

-29.51 Loss Before Income Tax -21.98 -10.75 -11.23 -104.47 Income tax expense -0.02 -0.01 -0.01 -100.00 Total loss for the period -22.00 -10.76 -11.24 -104.46 Other Comprehensive Income 1.23 -0.23 1.46

31% as compared to the same period last year of 260 million Baht. This was due to continuous effort in debt repayment in forms of Bill of Exchange, debentures and financial institution loans. The

associate and joint ventures 16.2 2.3 (50.2) (2.9) (409.9%) Profit (loss) before income taxes 169.9 23.7 (174.5) (10.0) (202.8%) Income tax expenses (34.7) (4.8) (27.4) (1.5) (21.1%) Profit (loss) of the year

and its subsidiaries recorded current ratio of 0.65x, approximately close to 0.64x of 31 December 2019. Debt to Equity Ratio As at 31 March 2020, the Company and its subsidiaries recorded Interest

0.58 386.67 1.19 2.84 (1.65) (58.10) Administrative expenses (19.09) (17.77) 1.32 7.43 (38.21) (39.64) (1.43) (3.61) Profit before finance cost and income tax 24.22 30.69 (6.47) (21.08) 55.87 57.61 (1.74

to 10.36636 billion THB. 4 As a result of the above reasons, the interest-bearing debt to equity ratio and the debt-to-equity ratio have increased from 0.82:1 to 0.91:1 and from 1.00:1 to 1.14:1 as of

debt level and severe competition in the real estate market, the Company is rated A- by Tris Rating Co., Ltd. The Company is, therefore, able to save costs from lower interest rate when raising funds