view on luxury residential property market, which evaluated from the Company’s customers database and various reports from private and public sectors. The second quarter report from the Bank of Thailand

is reasonable The Company had no independent appraisers to evaluate the price. The evaluated price of the land office as at October 9, 2017 is adopted to be the regulation for evaluating the comparison

) (77,940,959.01) Gross Profit 27,971,923.64 24,011,106.28 Other revenues from credit note 17,288,109.88 - Other revenues 3,079,124.78 3,398,163.50 Cost of distribution (699,610.32) (1,942,141.25) Administration

represents decreasing of 6 Million Baht (122%) from Q3/2017. The main cause for the lower net profit are occurred from increasing of selling and administration expenses, and loss on foreign exchange rates

155.70 million baht, an increase of 7.71 million baht or 5.2% from last year. The gross profit margin increased from 15.69% in 2018 to 17.54% in 2019. Sales and administration cost The company recorded

selling and general administration expensed for this quarter Please be informed accordingly. Yours sincerely Mr. Panya Boonyapiwat Chairman

transaction price of THB 924.90 million is within the appropriate price range as evaluated using the Adjusted Book Value Approach, which is equivalent to THB 912.57 – 937.23 million (Details of the IFA’s

bargain purchase 0.00 0.00 33.64 33.64 100.00 33.64 100.00 Profit before Selling and Administration expenses 12.61 58.17 81.06 22.89 39.35 68.45 543.05 Selling expense 3.36 26.92 8.54 -18.38 -68.27 5.18

113.09 Gain from bargain purchase 0.00 0.00 33.64 33.64 100.00 33.64 100.00 Profit before Selling and Administration expenses 12.61 58.17 81.06 22.89 39.35 68.45 543.05 Selling expense 3.36 26.92 8.54

and all other services) and warehouse rental conform to fair market rate evaluated on 17 May 2019 - according to The Valuation & Consultants Company Limited. - 2 - 4. The total value of the