Justification_E_1-61 NO. AC. 002/2018 15 May 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate

and purchase of its own real estate property for the residential purpose Registered capital: Baht 1,000,000 (divided into 10,000 shares) Par value: Baht 100 per share Paid-up capital: Baht 1,000,000

hire an appraiser approved by the Securities and Exchange Commission. 2 The change is the result of the Thai Accounting Standard No. 16 (revised 2017), regarding Property, Plant and Equipment has

Investments in associated companies 750 593 26.6 Property, plant and equipment 7,422 7,258 2.3 Others 3,224 2,695 19.6 Total Assets 46,793 46,018 1.7 Bank overdrafts and short-term loans 0 229 (100) Trade and

Co., Ltd.) and sales of condominium units in Hat Yai amounted to Baht 27.28 million, which began in Q4. Currently, the Company has three property development projects: • Lamphun Industrial Estate

. Maintenance supplies increased Baht 66.64 million. 6. Property, Plant and equipment increased Baht 873.25 million. 7. Deferred tax assets decreased Baht 6.62 million. Total Liabilities As of 30 June 2018, the

million in net book value of property, plant and equipment (PP&E) due to the accumulated depreciation amount of THB 252 million net against the acquisition of PP&E of THB 202 million, and a decrease of THB

Group equal to THB 17,460.18 million including THB 5,481.54 million (31.39% of total assets) in current assets, THB 8,212.52 million (47.04% of total assets) in property, plant and equipment (PP&E), THB

Justification_E_2-61 NO. AC. 003/2018 14 August 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate

decreased in non-current assets mainly due to the depreciation for property, plant and equipment.  Total Liabilities As of 30 June 2018, the Company has total liabilities amounted to THB 5,774 million which