“Year of Shift” of L.P.N. Development Public Co., Ltd. Our business strategy is to develop urban residential condominium with an affordable price targeting middle to lower-middle income earners. The

buyer will pay the remaining amount of Baht 330,374,000 on the date of registration of land transfer at Department of Lands within December 2018. Both parties have agreed to pay equally for income tax

following reasons; - Sales of units in condominium projects increased by 773.89 million baht or 147.63% from 524.22 million baht in Q1/2018 to 1,298.11 million baht in Q1/2019 due to the continuous transfer

increased ,while the Social security revenue of subsidiaries decreased. Payment system of Social security office is uncertain therefore in Q1/2019 subsidiaries did not receive revenue of chromic disease. 2

. Exemption related to the fund includes value added tax, special business tax and stamp duty incurring from transfer of property into the fund with transfer back agreement or re-transfer to governmental

reserve The above right to receive dividends remains uncertain unless the 2020 Annual General Meeting of Shareholders has granted the approval. 4. Approved to propose the Shareholders’ Meeting for

additional legal reserve The above right to receive dividends remains uncertain unless the 2020 Annual General Meeting of Shareholders has granted the approval. 4. Approved to propose the Shareholders’ Meeting

the Company. Therefore, for the purpose of certainty and to prevent the disclosure of uncertain information to the Company’s shareholders and general investors, the Company has not disclosed information

: - Sales increased by 534.91 million baht or 41.47% from 1,289.83 million baht in Q1/2019 to 1,824.74 million baht in Q1/2020 because of the transfer in Metris Rama9 - Ramkumhang which was completed

: Unit: Million THB Sales Volume Amount Note Backlog Transfer in 2019 Transfer in 2020 Total 2019 - 2020 1. Residential Condominium 3,300 90% of sales volume in 2019 derives from ready-to-move-in projects