to identify capable candidate to join the Company. 2) Financial costs The Company had set strategy to grow from sale of real estate, especially low- rise housing projects. In the meantime, the Company

this quarter, the gross margin from sale of low-rise residential units was 33%. The figure was in line with the margin reported last year. In addition, sale from real estate business of Munkong Living Co

Justification_E_2-61 NO. AC. 003/2018 14 August 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate

subsidiaries as follows: - Decrease in sale of real estate business by THB 13.66 million or 2.22% when comparing to the same period of last year. However, revenue realized from sale of low-rise housing units

align with business restructuring of MK Group. The objectives were to reduce the business risk and increase revenue from recurring business in the long-term. Real estate business of low- rise housing

the 3-month period ended 31 March 2018 31 March 2019 Change Millions of THB % Millions of THB % Millions of THB % Revenue from sale of real estate 440.40 97.86% 346.20 87.55% (94.20) (21.39%) Revenue

the 6-month period ended 30 June 2018 30 June 2019 Change Millions of THB % Millions of THB % Millions of THB % Revenue from sale of real estate 975.70 97.59% 699.15 90.53% (276.55) -28.34% Revenue from

the business risk and increase revenue from recurring business in the long- term. Real estate business of low-rise housing projects and condominium project remained the Company’ s main business. During

subsidiaries as follows: - Sale of real estate business was THB 929.57 million, decreased by THB 306.23 million or 24.78% when comparing to the same period of last year. Sale of low-rise residential units was

of real estate business increased by THB 509.14 million or 43.49% when comparing to the same period of last year. Sale of low-rise residential units was THB 808.77 million, an increase of THB 175.94