has progress in sales as follows. area (Rai-Ngan-Wah) height (floor) unit progress 12 June, 2015 31 May, 2016 31 May, 2017 Phase 1 1-3-89 8 141 Reservations 115 rooms Empty 16 rooms Sold 96 rooms

3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company

venturer in Shahahydro joint venture with the 100.00% shareholding. During the 3rd quarter, the construction of the project has been already implemented with the work progress equivalent to 8.28%. 3. SUT

- the Company has started the transfer of the ESSE Asoke – our first luxury condominium project in December 2018. We can achieve the transfer progress of 29% of total units sold and expect to complete to

. Inventories increased by 181.2 MB, representing a decrease of 67.4% due in Q1-2016 the company obtain new projects which were is still work in progress and not yet completed for delivery. Other current assets

increase of 65.6% due in Q2-2016 the company obtain new projects which were is still work in progress and not yet completed for delivery. -4- Other current assets decreased by 44.5 MB or 47.1%, due to an

evaluation of purchase price allocation (PPA) of business acquisition During the period, the Company has clarification of the progress of evaluation of purchase price allocation (PPA) of acquisition of NPP

522.24 million that has been already implemented with work progress equivalent to 17.36 %. In addition, in this captioned year, there were the additional adjustment to the estimated construction cost of

property, plant and equipment of Baht 535.22 million mostly was the construction in progress for Carnival Magic project resulted to cash and cash equivalents and temporary investment decreased of Baht 131.56

property, plant and equipment of Baht 950.08 million mostly was the construction in progress for Carnival Magic project. Temporary investment increased of Baht 48.44 million. Trade and other current