asset. The calculation is based on the financial statement of the Company for the three months ended 31 March 2015 which was the most recent financial statement prior to the date of the transaction, is

calculation is based on the financial statement of the Company for the three months ended 31 March 2015 which was the most recent financial statement prior to the date of the transaction, is higher than 100

Loan to Value regulation or “LTV”. Moreover, the household debt has been steadily increased in recent years which result to the strict in granting a loan to the borrower from many financial institutions

negotiation between the Company and LAC with reference to most recent market price. 6. Source of fund for the transaction: Cash from operation of the Company 7. Expected benefits from the investment: The

the currencies fluctuation is at a lesser level due to the Company has adopted its functional currency to be USD since year 2019 in order to better fit the Company’s recent operation and that the

regulation or “LTV” since 2019. Moreover, the household debt has been steadily increased in recent years which result to the strict in granting a loan to the borrower from many financial institutions. As well

611.80 million which resulted in an increase of Baht 99.44 million or 19.41%. Due to the recent outbreak of COVID-19, consumers were Income Statement (million Baht) 2Q19 1Q20 2Q20 %YoY %QoQ 1H19 1H20 %YoY

steadily increased in recent years which result to the strict in granting a loan to the borrower from many financial institutions. As well as, the epidemic of Covid 19 have severe negative impacts on the

recent operation and that the impacts derived from the materials shortages back in year 2018 has now resumed back to its normal condition as compared. Consequently, the Company has continuously shown an

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