[COMPANY NAME] Ref.: EFORL IR008/2019 March 7, 2019 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2018 To President The Stock Exchange of Thailand 1. Overview financial

from higher volumes shows its effect. The impact is reduced somewhat when we compare EBITDA on a half yearly basis (since Saraburi Quicklime is only consolidated from March 19th onwards) but it is still

drive high presale, due to marketing strategies and Everyone Can Sell Campaign, 4,852.4 million baht, or 23.0% of the yearly presale target. The presale came from the PAGE 2 housing project approximately

, Presales of first half of year 2020 is 11,430.7 million baht or 53.0% of the yearly presale target. The presale came from the housing project approximately 1,946.9 million baht, which is more than 1,473.9

[COMPANY NAME] Ref.: EFORL IR007/2020 March 4, 2020 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2019 To President The Stock Exchange of Thailand 1. Overview financial

attributed to cash received from IPO of 160.46 Mb.The key item of Non-Current Asse t s shown on the financial statement is Goodwi l l , that will be tested for impairment at least on a yearly basis. The

allowance, transportation and pension etc. In addition, the directors are eligible for yearly bonuses in the amount not exceeding 3% of the net profit.” 3 For the past years, the remuneration for directors

allowance, transportation and pension etc. In addition, the directors are eligible for yearly bonuses in the amount not exceeding 3% of the net profit.” For the past years, the remuneration for directors had

(UNOFFICIAL TRANSLATION) Codified up to No. 10 As of 28 February 2020 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Capital Market Supervisory Board No. Tor Jor. 3/2558 Re: Provisions relating to Offer for Sale of Shares Issued by Foreign Company Whose Shares Are Not Traded on Foreign Exchange _______________ By virtue of Sections 16/6 of the Securities and Exchange Act B.E. 2535 (1992) as...

no condition or limitation that be related to the Company’s dividend. 10. Opinion of the Board of Director Agreed to approve the Company to buy the land for investment as mentioned above as the price