long run; and (3) To help create the opportunity to increase the Company’s share price and dividend from its operational results in the future. 7. Source of Funds The Company will utilize the proceeds

DIVIDEND PAYMENTS - On 12 September 2018, the Board of Directors Meeting has resolved to approve the interim dividend payment from the operating results of 1H 2018 of THB 0.018 per share (totaling THB 74mn

held on 9 August 2018 had a resolution on the interim dividend payment, based on the operating results of six months end at 30 June 2018, at Baht 0.20 per share. The record date which shareholders had

1 Ref: AC.028/2018 13 November 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

case that the return of real estate business or the operating results of MK do not meet the expectations. 11. Opinion of the Company’s Audit Committee and/or Director which is different from the Opinion

core business and/or related business and to immediately support the investment in the business which is extended from the core business of the Company. As a results, it increases the opportunities to

million and Baht 250 million, respectively or 70% and 54% decrease compared to the same period of 2018. This expense varied with the operating results (excluding share of profit from investments in

“Company” or “we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the nine months period ended Sep 30

names appear in the shareholder register as of March 13, 2019 for 280 Million shares at 0.10 Baht per share. Totaling of Baht 28.00 Million on May 17, 2019. o The Group's operating results with net profit

investment in new project having instant recognized operating results. Furthermore, the decrease in deferred revenue of THB 2,033.4 mm was mainly caused from reversal of deferred revenue due to recognition of