appropriate for the Company's funds. Therefore, the construction revenues for nine-month come from the old projects which have been completed. The Company is able to recognize revenue in proportion to the

125.67 million which increases in the amount of Baht 20.88 million or 19.93% when compared to the same period of the year of 2016. It is a result of completed projects and new projects that have revenue

will benefit for the Company's operation which expected that the Company will enter into this transaction within July 2018 and registered of land transfer at Department of Lands to be completed within

million or 44.19 percent, Because of Land awaiting development and the completed project as follow ; Chatuchot and Don Wai 2. Tax expenses The Company and its subsidiaries' tax expenses was increased Baht

transaction. Completed within a month April Subscriber / Buyer : Chai Wattana Tannery Group Company Limited Issuer / Seller : Sakun C Innovation Company Limited ("Seller") Transaction nature : Acquire

: The company expects CWTG to enter into a share purchase agreement and complete the transaction. Completed within a month April,2020 Subscriber / Buyer : Chai Wattana Green Company Limited Issuer

expiration of the guarantee period. Schedule of transaction : The company expects CWTG to enter into a share purchase agreement and complete the transaction. Completed within a month September,2020 Subscriber

to be recognized in 2018. (Unit : Million Baht) 2018 2017 Change % Change Operating revenue 406.54 351.36 55.18 15.70% Operating cost 337.23 293.88 Gross profit 69.31 57.49 11.83 20.58% Gross profit

Company has a gross margin for the year 2018 in total of 1,729.9 million Baht or equal to 30.5 percent of the sales revenue. This was due to the fact that the Company recognized costs of production, such as

derived from the management service income and the trading income which was recognized for the first time in year 2018. 2018 2017 Change % Change Revenue 1,672.58 1,580.25 92.32 6% Cost 1,509.05 1,335.73