million or 27.8% when comparing to the same period of last year which was THB 632.82 million. This was mainly come from the transfer of housing units from the housing projects that the Company launched

real estate development and service business. The Company has developed premium housing projects in central business area to open up new business opportunities. Moreover, the opportunity in rental real

housing units were booked during end of the third quarter and these units can be transferred and realized as revenue in the next quarter. - Revenue from rent and service was THB 50.38 million comparing to

clients to apply innovations and digital tools appropriate for their business operations, such as the use of software for accommodation management and pharmacies, for increased efficiency in account and

these housing units were well fit with customers’ demand. As a result, sale and transfer units were higher than MK’s projection. In addition, the Company was able to complete sell of all units in some of

-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

housing for sale and for both https://market.sec.or.th/public/idisc/Download?FILEID=dat/news/201804/18033701.pdf 18002674.pdf vertical real estate developments which are industrial and commercial real

and commercial real estate for sale and for both short-term and long-term rental. It also includes industrial estate and housing for sale and for both https://market.sec.or.th/public/idisc/Download

year was 31.01%. Revenue generated from single family housing projects and low-rise condominium units were THB 2,853.81 million, higher than last year which was THB 2,653.52 million. The Company had a

estate: Sales of real estate for the year ended 2019 decreased by Baht 5,308 million or 36% decrease compared to the same period of 2018. This was due to a decrease in revenue from housing projects by Baht