Microsoft Word - MDA Q319 EN.docx November 11, 2019 To President The Stock Exchange of Thailand Subject Notification on the difference of revenue from sales and net profit YOY by more than 20 percent

previous year. The main reasons for the substantial difference are as follows: • Costs of sales electricity and service for the three-month period ended September 30, 2019 was Baht 40.30 million decreased by

31 March 2020 by Baht 41 million, difference from translation of financial statements in foreign currencies of Baht 8 million, and loss from recognition of other comprehensive income resulting from

million from the difference of acquisition costs exceeded the attributable net book value of investment. Furthermore, trade receivable and other receivable decreased by Baht 10 million as the sales in

fee 45,000,000 Baht. The lessor allows the Company to operate or construct the project for 18 months without cost. 4.2 The budget for design and construction of community mall project is worth

fee of more than THB 17 millions. This is a lot higher than the budget as well as the THB 8.8 millions fee proposed by Cherdchaiwon. Thus, the transaction amount with Cherdchaiwon is considered to be

higher than estimated budget. (4) Gross profit The Company and its subsidiaries’ gross profit was of Baht 0.31 million, decreased by Baht 31.32 million or more than 99.03% from the period of previous year

addition, for such a delayed project, the company also had a decrease of the project’s budget (13.55) million baht. It was since the company had a necessary to complete such a delayed project on time. That

decreasing due to the impact of COVID-19 outbreak, such preventive measures of social distancing and curfew. It caused the Group had to improve budget costs control in some projects. Such as increased costs of

temporary close of operation and continually to evaluate each month situation. Investment plans according to the 2020 budget are also postponed in order to maintain the solvency of the cash flow. Loss on