10.79 NTA 203.85 Net profit 2019 Consolidated (16.76) Net profit 2019 Company (17.20) Criteria used in the calculation of transaction value 1. NTA = Not used because the acquired asset is real estate 2

Statements of YLP Financial Status YLP Company Limited Statement of Financial Status (Unit: THB Million) 2016 2017 2018 Jan. – Jun. 2019/1 Cash and cash equivalents 68.37 34.09 61.75 86.93 Cost of real estate

venture was renamed to Ratchada Alliance; which U City still holds 50% of the ordinary shares. The purpose of this JV is to invest and develop real estate projects for sale. MANAGEMENT DISCUSSION & ANALYSIS

-Value (LTV) ratio for mortgage loans which led to a decline in bank lending to the real estate sector. The Bank of Thailand also implemented policies to encourage commercial banks to focus on sustainable

and operate in real estate Related transaction: No any related transactions Shareholders: 1. Mr. Seree Techateerawat 90.00% 2. Mr. Prakit Techateerawat 5.00% 3. Mrs. Anong Techateerawat 5.00% Director

of the economy and the real estate market in Thailand, our company may have difficulty in managing NPLs and selling NPAs. 2.2 The company may face competition in sourcing NPLs and NPAs from competitors

, an increase of 5.2% YoY. 3Q17 Major Events The conversion of CPN Retail Growth Leasehold Property Fund (“CPNRF”) into a new Real Estate Investment Trust (REIT) On 28 August 2017, the Unitholders

Indices (DJSI) in the real estate industry under the emerging markets indices for the fourth consecutive year (2014-2017). This is a testimony to CPN’s philosophy on sustainable business operations by

470,159 446,513 5.4% 11.0% Housing 249,845 251,197 243,754 (0.5)% 2.5% Real estate and construction 205,235 200,736 199,224 2.2% 3.0% Agriculture and mining 62,654 61,569 53,134 1.8% 17.9% Others 300,805

, Bangkok 10900, Thailand Fax : (662) 936-1669 ทะเบียนเลขท่ี 0107554000097 Registration No. 0107554000097 HYDROTEK PUBLIC COMPANY LIMITED บริษทั ไฮโดรเท็ค จ ำกดั (มหำชน) (Translation) No. 079/0960 25