adjustment of the appraisal value and conditions of the disposal assets at that time including negotiation result with WHART Trust. 3. Undertaking Agreement in Connection with Disposal of Assets For disposal

reasons were an increasing of new collector, commission from debt collection, postage expenses and legal expenses incurred from litigation process. While, the Company’s gross profit margin stood at 57.6

the increase was paid by consultants to improve the production process and paid for goods damage compensation. 5. Management benefit expenses In Q2/2018, the management benefit expenses was Baht 3.69

12.09 13.16 (1.07) (8.10) Total current assets 833.48 805.17 28.31 3.52 Non-current assets Restricted deposit at financial institution 25.53 32.95 (7.42) (22.51) Property, plant and equipment 552.29

unit holders present at the meeting and eligible to vote. The trust instrument may exempt the process under the first paragraph for any such transaction clearly specified in the registration statement

Limited Management Discussion and Analysis for the Second Quarter ended 30 June 2017 Page 3/23 At the present, CTBC Bank Company Limited is the major shareholder 35.62% of the total paid-up capital which

business potential of Land and Houses financial business group. The company agrees in principle to issue 7,544,961,342 new ordinary shares at Baht 2.20 per share totaling Baht 16,598,914,952.40 to offer CTBC

of Land and Houses financial business group. The company agrees in principle to issue 7,544,961,342 new ordinary shares at Baht 2.20 per share totaling Baht 16,598,914,952.40 to offer CTBC Bank through

1,375 million Baht. The significant increase was mainly due to the ability to continually transfer of The Ritz-Carlton Residences, Bangkok at MahaNakhon totaling of 94 residences, and to recognize revenue

buildings will be ready to be in use in 3Q2021. At present, the Company is now adjusting construction drawing, system work, and also working for the environmental impact assessment process so as to follow