million x 3,540 days Enclosure Page 8 5,479 Days = Baht 951.06 million (2) Deducted by the benefits which the licensee had gained during the business operations as follows: (2.1) Subsidy for rental expenses

joint venture was Baht 84.58 million comparing to the same period last year, which the Company gained a profit sharing from Mctric Public Company at the amount of Baht 7 .62 million and loss sharing from

having highest market share in residential industry, also gained the most popularity in condominium brand in Japan. Thus the opportunity to enter a joint venture to develop condominiums together will

gained from Phase 3 of the new plant that supported volume growth helped lessen the effect of the above on profit margin. The Company was capable to maintain a satisfactory level of profitability that

respect to cash flows from investment activities, the Company has net cash gained from investment activities of 605.4 million baht. Regarding cash flows from financing activities in 2018, the Company has

ventures was Baht 7.29 million comparing with the same period of previous year, the Company gained the profit sharing from Mctric which was Baht 14.52 million and the loss sharing from Wisdom Tree which was

gained more new projects. In terms of total operating expenses, it usually varies in line with the increase or decrease in revenue as the comparison between Q1- 2017 and Q4-2016, The change in total

share in residential industry, also gained the most popularity in condominium brand in Japan. Thus the opportunity to enter a joint venture to develop condominiums together will ultimately enhance the

Australia, and one of top 3 developer having highest market share in residential industry, also gained the most popularity in condominium brand in Japan. Thus the opportunity to enter a joint venture to

51.05 % decrease there has been no any new awarded project and such an income has been gained from project on hand since 2016. Service Income The service income in this quarter was Baht 7.80 million