(THAILAND) PUBLIC COMPANY LIMITED N.C. HOUSING PUBLIC COMPANY LIMITED N.D. RUBBER PUBLIC COMPANY LIMITED NAM SENG INSURANCE PUBLIC COMPANY LIMITED NAMYONG TERMINAL PUBLIC COMPANY LIMITED NATION GROUP
(THAILAND) PUBLIC COMPANY LIMITED N.C. HOUSING PUBLIC COMPANY LIMITED N.D. RUBBER PUBLIC COMPANY LIMITED NAM SENG INSURANCE PUBLIC COMPANY LIMITED NAMYONG TERMINAL PUBLIC COMPANY LIMITED NATION GROUP
(THAILAND) PUBLIC COMPANY LIMITED N.C. HOUSING PUBLIC COMPANY LIMITED N.D. RUBBER PUBLIC COMPANY LIMITED NAM SENG INSURANCE PUBLIC COMPANY LIMITED NAMYONG TERMINAL PUBLIC COMPANY LIMITED NATION GROUP
(THAILAND) PUBLIC COMPANY LIMITED N.C. HOUSING PUBLIC COMPANY LIMITED N.D. RUBBER PUBLIC COMPANY LIMITED NAM SENG INSURANCE PUBLIC COMPANY LIMITED NAMYONG TERMINAL PUBLIC COMPANY LIMITED NATION GROUP
(THAILAND) PUBLIC COMPANY LIMITED N.C. HOUSING PUBLIC COMPANY LIMITED N.D. RUBBER PUBLIC COMPANY LIMITED NAM SENG INSURANCE PUBLIC COMPANY LIMITED NAMYONG TERMINAL PUBLIC COMPANY LIMITED NATION GROUP
(THAILAND) PUBLIC COMPANY LIMITED N.C. HOUSING PUBLIC COMPANY LIMITED N.D. RUBBER PUBLIC COMPANY LIMITED NAM SENG INSURANCE PUBLIC COMPANY LIMITED NAMYONG TERMINAL PUBLIC COMPANY LIMITED NATION GROUP
MUANGTHAI CAPITAL PUBLIC COMPANY LIMITED MUD & HOUND PUBLIC COMPANY LIMITED MURAMOTO ELECTRON (THAILAND) PUBLIC COMPANY LIMITED N.C. HOUSING PUBLIC COMPANY LIMITED N.D. RUBBER PUBLIC COMPANY LIMITED NAM SENG
Page 2 Management Discussion and Analysis 1. Significant events in the first Quarter of 2018 1.1 The progress in construction projects 1.1.1 Process of construction - Xayaburi Project, a project of the
equipments - Land and improvements, building, machinery, office equipments, vehicles and work on progress of construction: As at 31st December and 31st March 2018, the Company and its subsidiaries had Land
shareholder. - Property, plant and equipment were 14,547.08 million Baht, increased by 164.85 million Baht mainly from construction in progress including clarified water & total water solution projects