company still managed to maintain the gross profit margin at 39.9% and started to realize the profit from 2 new completed joint venture condominium projects (Joint Venture) with Nomura Real Estate

several measures across our business units to minimize the impact on our profitability and maintain financial flexibility. Current business environment 1. Thailand: We temporarily closed our fashion and

Total Consolidate Joint Venture Total Real estate transferred activities 5,826.2 - 5,826.2 5,041.0 2,184.4 7,225.4 1,399.2 24.0% PAGE 2 However, The Group still managed to maintain the net profit margin

increase the asset utilization efficiency. Return on equity was 42.0% decreasing from previous, as a result of the ability to maintain profitability, the stock buyback, and the Company’s interim dividend

, SHR will remain the Company's subsidiary, and the Company will maintain its minimum shareholding in SHR at 58.76% of SHR's paid-up capital after its capital increase On 22 April 2019, the Company’s AGM

Resorts Co., Ltd. ("SHR") on 13 May 2019. Shares to be offered for sales in the IPO will not exceed 40% of the SHR's paid-up capital after its capital increase. Nevertheless, the Company plans to maintain

% due to In 2016, Repayment of loans to financial institutions. Separate financial statements Revenues 1. Total sales of 10.03 Million Baht due to the sale of organic farming. was 6.51 Million Baht or

the accounts of the Company and its subsidiaries which the operation of subsidiaries have not yet significant, the Management Discussion and Analysis have been submitted based on separate financial

recognized impairment loss on goodwill in the amount of Baht 37.90 million in consolidated statement and impairment loss on subsidiaries investment in the amount of Baht 133.00 million in separate financial

quarter of the year 2019. 2. The separate financial statements 2.1 Report and analysis of Business Operations Revenue Revenue from operations Revenue from operations for the Company for the first quarter of