, which was a Baht 286.05 million or 6.00 percent decreased from as of December 31, 2017. During the period, the costs of land development were transferred to the cost of goods sold and inventories

of Thailand Major Development Public Company Limited (“The Company”) would like to inform total revenues 1,464.61 million baht and net profit 74.59 million baht in the consolidated financial statement

to development of project The Board of Director’s Meeting No. 15/2018 of J.S.P. Property Public Company Limited (the company), held on November 21, 2018 approved to the company Guarantee the borrowing

0.18 Loss on cancel of joint venture agreement - 15.84 (15.84 ) (1.00 ) Impairment loss of land held for development - 5.83 (5.83 ) (1.00 ) Loss from litigation 0.61 - 0.61 N/A Impairment loss of

Tart (Thailand) Company Limited in January 2019, Eastern Cruisine (Thailand) Company Limited and Crepe & Co. Development Company Limited in August 2019. The proportion of revenue from salesincreased by

corresponding production plan. Besides, the Company has strived for the research and development in new products to support the new markets continuously, as well as has consistently paid attention on the

the increase in real estate development costs from the construction of The Title Rawai Project Phase 5. Total liabilities of 548.82 million baht increased 156.52 million Baht or 39.90% mainly caused are

by Baht 444.73 million or 22.41% from last year mainly due to employee-related expenses, depreciation, development cost writeoff and Specific Business Tax. Share of profit from investments in

development, maintenance and license of the system with AFS and AFS arranges its subsidiary “AEON Systems” to support this agreement with costs of totally 90.41 million baht and approved to waived the right to

with related Notifications announced by the Department of Business Development later. Please be informed accordingly. Yours sincerely, Preecha Nuntnarumit (Mr.Preecha Nuntnarumit) Chief Executive Officer