March 31st, 2018. To : The President and Governing Members of The Stock Exchange Market of Thailand Origin Property Public Company Limited and its subsidiaries hereinafter called “The Group” For the first

Page 1 of 4 No. RJH – SET 7/2018 11 May 2018 Subject : Management’s Discussion and Analysis for the 1st quarter of 2018 ending March 31, 2018 To : The President The Stock Exchange of Thailand

ended June 30, 2018. To The President of The Stock Exchange of Thailand Origin Property Public Company Limited and its subsidiaries hereinafter called “The Group” For the 6 months period ended June 30

the board of executive directors, VBB consequently returned 20 million baht and did not spend the remaining amount on the advertising billboard construction; instead, VBB was found to have used it for

above to listing in the Stock Exchange of Thailand. 5. Objectives of the capital increase and plans for utilizing proceeds received from the capital increase Objectives of the capital increase Remaining

bond principal in two installments; the first one at the amount of 25 percent of the bond's value as of the issuance date to be due on 9 December 2025, and the remaining balance to be due on 9 December

installments comprising a total of no less than 15 percent of the bond value, and the fourth installment settling the remaining balance on the extended maturity date; The SEC requires that the bondholders

schedule into two installments, with the first installment comprising no less than 30 percent of the bond value to be paid by 31 July 2025, and the second installment settling the remaining balance on the

the bond principal in 8 installments (at the total amount of 180 million Baht) and repayment of the remaining amount on the due date of the redemption, as extended. Agenda Item 2: To consider an

reducing the par value per unit by five percent of the bond value as of the bond issue date. The repayment date would be on the original maturity date on 9 June 2024. The remaining principal would be repaid