, expected to start commercial operation and generate income in 2022. However, TSEO may be some losses in the year 2017 from the operating expenses and interest expenses for development project. The Company

impairment. For the year end of 2019, Company has set up a property impairment which is a swimming pool cub in NEP PARK village with the reason that those property is not generate income. 6. Management benefit

accessing those information to improve the company’s products and generate more income in the future 4. Income from dividend Other Conditions for the Transaction Due to this transaction being a Class 2

are as follows; Operating Performance 1. Revenues Unit: Million Baht In general, the Company could generate revenue from furniture business for 2nd quarter of Y2017 that was approximate by comparing to

/2017 and Q3/2016 in which generate constant growth of revenue and can be summarized as following table. Description Total Revenue (MB) Y-O-Y Change Increase/(Decrease) Note Q3/2016 Q3/2017 Sales 248.3

constructed a new club house, the new development would help to reposition golf course to a competitive level and serve the customers’ needs. The Company targeted to generate higher income from green fee, golf

furniture business (Separate) could still generate gross profit with growth equivalent to 0.35 percent. The Company could efficiently manage cost of good sold for furniture business wheras the profit for the

the company has already begun some progress which is expected to generate revenue for the company since the first quarter of 2020 onwards. The shareholders of the Company resolved to approve the

etc. Therefore, to process a transaction is appropriate and it will generate the most benefit to the company. This rental fee rate refers to the market price, which is apprised by the Valuation

competitive advantages. According to 5- year plan, investment in this business will help MK to generate revenue in the long-term. This new investment would start to operate by the middle of 2020. The cash