1 - Translation – Bor.Chor.Ngor 0078/2018 March 30, 2018 Subject: Connected transaction (renew the property management contract) and the allocation for legal reserve Attn : President The Stock

) (5.20) Rental and other services Revenue 252,137 195,894 56,243 28.71 Gross Profit 136,320 107,139 29,180 27.24 Gross profit margin (%) 54.07 54.69 (0.63) (1.15) Golf Services & Property Management

525 Baht/ square meter / month - The said rental rate is close to the market price from the proposal of Lumpini Property Management Co.,Ltd. Criteria to determine value of transaction : Comparing with

N.C. Property Management Co., Ltd. (NCPM), a subsidiary of the NCH (99.99% of NCPM’s shares held by NCH.) to enter into a Joint Venture agreement with The Care and Health Group Limited Partnership

Revenue 341,188 252,137 89,051 35.32 Gross Profit 186,351 136,320 50,031 36.70 Gross profit margin (%) 54.62 54.07 0.55 1.02 Golf Services & Property Management Revenue 160,157 141,745 18,411 12.99 Gross

the higher growth rate in every quarter since the golf club’s renovation in February 2018. For property management business, operated by Yours Property Management Co., Ltd.- one of Mk’s subsidiaries

5.03 Rental and Services Revenue 106,052 76,312 29,740 38.97 Gross Profit 56,739 41,954 14,785 35.24 Gross profit margin (%) 53.50 54.98 (1.48) (2.68) Golf Services & Property Management Revenue 37,795

would generate both revenue from condominium sale and income from rent and service. This would increase a proportion of recurring income. (3) Golf and property management business Revenue from golf and

Profit 41,954 32,219 9,735 30.22 Gross profit margin (%) 54.98 55.78 (0.80) (1.44) Golf Services & Property Management Revenue 40,531 30,147 10,384 34.44 Gross Profit 17,223 14,118 3,105 21.99 Gross profit

financial statements as of June 30th, 2019. Criteria to determine value of transaction : Comparing with the market rate proposed by Lumpini Property Management Co., Ltd. Type and Scope of Interest of