Group were able to recognized revenue consistently, due to the completion of 18 projects in the year 2017, and another 5 newly completed project transferred on March 2018 (KnightsBridge Tiwanon), and June
before business combination 341,325 Fair value of the consideration transferred 999,117 Less The company’s interests in the net identifiable assets (638,034) Goodwill 702,408 Cash paid as the consideration
transfer of The Ritz-Carlton Residences, Bangkok at MahaNakhon totaling of 94 residences in 2017 whereas the total residences transferred in 2016 were 24 residences, (2) gross profit from gourmet food and
recorded a total backlog 2 of THB 8,012.4mn, decreasing by 7.4% from THB 8,655.8mn as at end of 1Q18. The main reason of the decreasing was from unit transferred of The Lofts Asoke project since December
8,010.5mn, reducing by 9.7% from THB 8,869.9mn as at end of 2019. There was a decrease in backlog value of The Lofts Asoke and The Diplomat 39 due to unit transferred for revenue recognition during the year
shift investment towards low carbon transport infrastructure. 2.2 The role of climate bonds Leveraging debt capital markets towards sustainable transport infrastructure development and services has
system is almost complete. Some small changes have to be made and the company has set to fully shift to ERP system at the beginning of 2018. 2. Operating Results (Company and Subsidiaries) Consolidated
1 of 2019 and that of 2018 respectively. The THB 28.51 million shift or 91.47%. Net Profit margin for Quarter 1 /2019 and Quarter 1 / 2018 were 20.62% and 15.47% respectively. Such 5.15% increase was
maintain in Q4. The subsidiary in Vietnam, HV, has continuously improving operation results after installations of new machines in the past year and the increase in working hours from 1 shift to 2 shifts
industry groups and committing to targets as they shift gears to invest in a global economy that is transitioning into a low-carbon world. STRICTLY PRIVATE AND CONFIDENTIAL. FOR PROFESSIONAL INVESTORS ONLY