Public Company Limited 1 | P a g e August 14, 2019 Subject: Management discussion and analysis of the operating results for the quarter 2/2019 Attn: President The Stock Exchange of Thailand Please find the

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subsidiaries intend to engage in horizontal and vertical real estate development business as industrial and commercial real estate for sale and lease of short-term and long-term space. It also includes short and

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By Maturity Current portion of long-term loan Non-current portion of long- term loan % of total interest-bearing debt Jan 19–Dec 22 45% After Dec 22 49% Jan17-Dec18 6% 87% 13% 94% 6% Management