588,000,000 Baht) and Nomura Real Estate Holding is the only one shareholder of NRED with shareholding of 100% of total shares. Remark: This information is from http://www.nomura-re.co.jp/english/outline.html 5

expanded headcount, which is rapidly developing and investing in its burgeoning data acquisition and analytics capabilities to uncover opportunities to enhance customers and shareholder return. Consequently

support from the new Shareholder, we are positive to be more competitive in term of cost resulting the positive bottom line is achievable. Refer to the HRC price in Q3/17, we have seen the improvement of

ratio was reduced greatly at 4.23 times. Also, interest bearing debt to equity ratio was reduced positively at 2.75 times. This was due to the fact that net loans decreased while shareholder equity

shareholder return. Nevertheless, the ratio of SG&A to revenue decreased to 27.3% (prior year: 30.9%), from higher revenue growth. The Company expects that the ratio should be maintained at no more than 30

one shareholder of NRED with shareholding of 100% of total shares. Remark: This information is from http://www.nomura-re.co.jp/english/outline.html 5. Total value of consideration and conditions on

times. Also, interest bearing debt to equity ratio was reduced positively at 3.6 times. This was due to the fact that net loans decreased while shareholder equity increased. The significant decrease of

10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Total Assets Total Liabilities Total Shareholder Equity 2016 2017 Unit : THB mm Liabilities As of 31 December 2017, the Company had total liabilities

” means the persons who have a relationship in one or more of the following manners: (1) the spouse and a minor child; (2) a juristic person and a shareholder or a partner of the juristic person which holds

to equity (x) = Interest bearing debt divided by shareholder’ equities Interest bearing debt to EBITDA (x) = Interest bearing debt divided by EBITDA