%. Another significant impact toward real estate business was the Bank of Thailand housing loan control measure (Loan-to-Value: LTV). The measure had direct effect on the consumers’ purchasing power. However

accelerated the transfer of housing units to customers before the Bank of Thailand housing loan control measure (Loan-to-Value: LTV) became effective on April 1, 2019. Even though, the majority of MK customers

-Translation- 1 -Translation- Ref. NCH 024/2020 May 11, 2020 Subject : Management’s Discussion and Analysis 1Q/2020 Attention : Director and Manager The Stock Exchange of Thailand N.C. Housing Plc

-Translation- 1 -Translation- Ref. NCH 008/2020 February 28, 2020 Subject: Management Discussion and Analysis Yearly Ending 31 Dec 2019 Attention: President The Stock Exchange of Thailand N.C

-Translation- 1 -Translation- Ref. NCH 011/2018 February 26, 2018 Subject : Management’s Discussion and Analysis for the year 2017 Attention : President The Stock Exchange of Thailand N.C. Housing

-Translation- 1 -Translation- Ref. NCH 006/2019 February 27, 2019 Subject: Management’s Discussion and Analysis for the year 2018 Attention: President The Stock Exchange of Thailand N.C. Housing Plc

-Translation- 1 -Translation- Ref. NCH 022/2019 May 13, 2019 Subject : Management’s Discussion and Analysis 1Q/2019 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

-Translation- 1 -Translation- Ref. NCH 033/2018 May 14, 2018 Subject : Management’s Discussion and Analysis 1Q/2018 Attention : President The Stock Exchange of Thailand N.C. Housing Plc. (“the

million which was higher than sale that recorded in the same period of last year. MK employed several strategies in order to help customers reduce the impact of the Bank of Thailand housing loan control

during the fourth quarter of last year. In addition, the accelerating of the ownership transfer by some customers was due to the impact of the Bank of Thailand (BoT) housing loan control measure which