1,536 Million Baht and long-term loans to related party of 2,418 Million Baht which was mainly from fund flow of Apollo’s deal, real estate projects for sales under development of 12,582 Million Baht

of the Company and increase future operating cash flow. 5. Increase the working capital to the company. 9. Uses of Sales Proceeds Use for investing in other main business expansion of the group of the

of 6,711 Million Baht, cash and cash equivalent of 1,536 Million Baht and long-term loans to related party of 2,418 Million Baht which was mainly from fund flow of Apollo’s deal, real estate projects

 บันทึก & จัดเก็บ หมายเหตุ : * เมื่อบริษัทไดรวบรวมขอมูลแลวพบ/สงสัยวาเปน/เกี่ยวกับ PEPs / NCCTs / ไมไดประยุกตใช FATF Recc. หรือ ML ใหทําตาม flow “พบ/ สงสัย วา เปน/เกี่ยวกับ PEPs / NCCTs/ ไมได

were an accounting item that has no effect on cash flow. Therefore, the 1Q2019 Normalized Share of Profit from Investments was Baht 309.2 million, a 24.3% decrease from Baht 408.6 million in 1Q2018. The

Public Company Limited Q1’19 Management Discussion & Analysis 14 May 2019 Q1’19 Management Discussion & Analysis Page 4/6 Cash Flow As of 31 March 2019, the Company had cash and cash equivalents of THB

develop and transfer the remaining units within the next 1-2 years. Moreover, it is in the interest of The Company in pursuing with property development projects that aligns to the cash flow of The Company

(Times) 2.14 2.00 Cash Flow (Unit: Baht Million) 31/3/2019 31/3/2018 % Change Profit (loss) from operating activities before changes in operating assets and liabilities 37 84 -56% Profit (loss) from

-bearing Debt to Equity (Times) 2.14 2.00 Cash Flow (Unit: Baht Million) 31/3/2019 31/3/2018 % Change Profit (loss) from operating activities before changes in operating assets and liabilities 40 84 -52

capital of Baht -65.58 million. Most negative in working capital was from the payment of trade creditors and keeping more stocks. Net cash flow from investing activities was -178.47 million baht, with a