costs. Administrative expenses for the first quarter of 2018 were 10.36 million Baht, an increase of 3.17 million baht or an increase of 44.09 percent as a result of the Company's significant expansion

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and

36.91 million baht (14.13%) resulting in the increase of the Company’s gross profit of 11.26 million baht (21.96%), due to the turnovers of 5 subsidiaries increased from the same quarter of the previous

1,360 Million Baht, increased to 21 % as compared to the same quarter last year of 71 Million Baht. In addition, the Company is in the process of executing the Memorandum of Understanding (MOU) with

profit is consistent with the increase in the growth of revenue from expansion of business of the company. However, the Gross profit margin has slightly decreased due to cost of program right growth

driven by the continued growth in construction industry and further renovation/expansion of retail stores and new Shopping complexes despite revenue recognition delays from some turnkey projects to next

expansion of company’s internal activities. Nevertheless, the rate of increase is less than the growth rate of company’s revenue; therefore, SG&A/Sales decrease from 12.77% in Q3/2018 to 11.00% in Q3/2019. 3

showed in the corresponding period last year, or 25.21% increased, which is corresponding with sales growth and expansion of company’s internal activities. Nevertheless, the rate of increase is less than

industry. 2. Selling and Administrative Expenses Selling and Administrative Expenses increase in accordance with sales. In Q1/2018, the company’s selling and administrative expenses were Baht 116.11 Million

. 2. Selling and Administrative Expenses Selling and Administrative Expenses increase in accordance with sales. In Q2/2018, the company’s selling and administrative expenses were 124.45 million baht