(16.98%) canes from the Project management is more concise and cost control is based on estimates. 2. Administrative expenses at 19.05 million baht compared with last year at 40.91 million baht which

companies from accepting orders of purchase, transfer or exchange of securities that would result in Thai investors gaining more possessions of NVDR unless in the case where the rights arise from holding NVDR

investment grade ratings bonds and (2) investment units of a mutual fund, which trades on every business day and does not have any restriction on transfer and pledge. In addition, such securities will be

point of USD 900-1,000 per night. SHR expects to start construction in 2020 and commercially open by 2022. 50% of share transfer of the joint venture company – Prime Location Management 3 Limited – has

beverage management. Cost of sales In 1Q18, CPN reported cost of sales at THB 135 mn, in line with the growth in sales of real estate due to the partial transfer of unit ownership at ESCENT Rayong and ESCENT

following reasons; - Sales increased by 649.52 million baht or 13.56 % from 4,790.47 million baht in 2018 to 5,439.99 million baht in 2019 due to the transfer of new 3 completed projects, Maestro19 Ratchada19

following reasons; - Sales of units in condominium projects increased by 2,043.43 million baht or 73.46 % from 2,781.83 Million baht in 2017 to 4,825.26 million baht in 2018 due to the transfer of new 4

8 บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2018 G Steel Public Company Limited Page 1/14 Management Discussion and

ownership transfer) (million THB) 57.64 66.39 (13.18%) 48.32 57.60 (16.11%) (%) 4.10 2.90 1.20% 5.27 3.12 2.15% 8. Expenses on management (million THB) 237.79 219.48 8.34% 114.50 114.30 0.17% (%) 16.92 9.58

1 Forth Smart Service Public Company Limited (FSMART) 1Q19 Management Discussion and Analysis Operational Summary in 1Q19  Net profit was Bt150mn, increasing 3.1% YoY  Total revenue from core