shall receive the payment for the subscription price of Baht 186,300,000 in total. 5. Conditions precedent to the completion of the transaction 1. VAVA agree to make a deposit of Baht 20,000,000 (Twenty
1,407.24 Million Baht or up by 111.99%. This was mainly due to the Rich Park @ Triple Station project completion, the revenue can be recognized in 2018, which is the main income from the sale of real estate
condominium sales of 1,256.56 Million Baht, increased by 794.42 Million Baht or up by 171.90%. This was mainly due to the Rich @ Sathorn–Taksin Project completion and the condominium unit transfer, which enable
of funds between Hong Kong and Thailand shall become effective upon the SEC’s completion of the amendments to the relevant regulations. In this regard, the SEC has issued two Notifications of the
purpose of project completion within the timeline and resulting in highest possible benefit to the Company. 5.3 Size of transaction : It is considered as the Transaction Category 4 - Assets or Services
nearing completion. Moreover, projects that are operating at still the beginning stage thus, the Company is able to recognize revenue only in proportion to the success of the work. 2. Cost of construction
completion Period Q4/2019 Acquisition Asset 3.61% of total asset in Q3/2018 (under the total value of the consideration criteria). The transaction size of the asset acquisition is not more than 15%, therefore
increases in the amount of Baht 138.29 million or 33.48% when compared to the same period of the year 2017. It is a result of some projects are nearing completion. 2 / 2 2. Cost of construction increases in
project completion and payment collection and had been recorded under selling expenses. Selling expenses For the 3-month periods ending 30 June 2018 and 2019, the Company’s selling expenses were 0.87
project income of Baht 152 million in percentage of completion basis. 2. The consolidated gross profit margin was 14.58%, increased from the same period of last year at 11.83% as the company implemented