(“the Company”) reported total revenue of THB 54,285 million, increased by 1.1%, net profit was THB 890 million, decreased by 63.4% from the same period last year. This resulted from the government

compare with the same period of previous year with amount of 200.83 million baht which is decreased by 2.86 million baht or 1.42% decrease, which resulted from less revenue from the sale of plastic woven

resulted as the gradual discontinuation of the loan interest from Veranda Residence Hua-Hin project capitalized as construction costs after completion and the transfer of ownership. Net profit and net profit

, increasing 1.0% YoY. The Effect of Coronavirus (COVID-19) Pandemic In the first half of 2020 Thai economy was impacted both directly and indirectly by the COVID-19 pandemic, which resulted to containment

and revision of construction design which resulted in project ceased and delayed. However, the problems have been solved during the second quarter of 2020. Many projects are able to start their

-19 pandemic, which resulted in more lockdowns and travel restrictions in several countries including Thailand, Malaysia and Indonesia – the Company’s major markets. In Thailand, despite the success in

million Baht, decreased by 68% YoY. This was resulted from, in Q4’2017, the company recognized one-time revenue from upfront lease at Singha complex. Overall rent rates at Suntowers was improve both QoQ and

rate Unrealized gain from foreign exchange of the convertible bond mainly resulted in net gains on exchange rate of THB 91m in 1Q19. Page 7 of 7 Management Discussion and Analysis 1Q2019 Net Profit 1Q19

borrowings to finance projects under development and loan facility to the acquisition of Outriggers. Net gains on Exchange rate Unrealized gain from foreign exchange of the convertible bond mainly resulted in

profit margin during 9 months period resulted from the one-time excessive charge in the first 9 months of 2019 while there was no such income in the first 9 months of 2018, as well as the lower cost of