of income earned from rental fees in the fiat currency**.SEC has revised the following regulations to issue the real estate-backed ICO with a proper mechanism to protect investors’ rights.1. Appoint

(Type 1), For instance, (1) Permitting investment in all kinds of real estate with an aim to seek returns from rental income for unitholders, given that such rental income may not be generated from an

real estate rental and has 1 tenant, the rent costs 12,000 baht per month, but in the quarter 2/2021, the company has income from real estate rental of 0.58 million baht, an increase of 0.50 million baht

investment limit of retail investors in case of digital tokens backed by real estate or income streams from real estate as the underlying (real-estate backed ICO) and digital tokens backed by infrastructure or

% million baht % million baht % Revenue from sale of real estate 2,680.99 98.98 1,314.41 99.04 2,680.99 98.46 1,314.41 97.96 1,366.58 103.97 Other income 27.66 1.02 12.72 0.96 41.94 1.54 27.31 2.04 14.94

the waste treatment works, but in a way, make the treatment system more efficient. The income of the real estate business has slowed down, despite that, the number of lease of properties for sale

443.59 97.50 (209.94) (47.33) Other income 4.28 1.80 4.53 1.01 53.80 31.19 11.39 2.50 (0.25) (5.52) Total income 237.93 100.00 448.12 100.00 172.51 100.00 454.98 100.00 (210.19) (46.90) Cost of real estate

tokens backed by real estate or income streams from real estate as the underlying ( real - estate backed ICO) and digital tokens backed by infrastructure or https://www.sec.or.th/EN/Pages/News_Detail.aspx

(decrease) 2020-2019 1.1 Construction material 152.83 250.69 219.60 (97.86) -39% 1.2 Real estate 27.52 63.90 98.65 (36.38) -57% 1.3 Total income 180.35 314.59 318.25 (134.24) -43% 2. Gross profit (% of sales

been steadily increased in recent years which result to the strict in granting a loan to the borrower from many financial institutions. Majority of the company’ income from real estate business in 2019