same period last year. The significant increase in revenue is the result of ownership transfer. Please be informed accordingly. Sincerely yours, (Miss Suttiporn Hinrit) Chief Financial Officer

2018) which located in Sam- Ruean Sub-district, Bangpa-In District, Phra Nakhon Si Ayutthaya. 37.00 2.02 15 November 2018 The Company acquired 8-2-87 rai of land (pending for ownership transfer) which

year because of the increased number of condominium units handover and ownership transfer. Important numbers in the financial statements 2018 and 2017 Table 1: Profit/Loss Statement 2018 and 2017 Numbers

5.38 1.16% 7.22 5.67 1.55% 7. Expenses on sales (excluding ownership transfer) (milion THB) 66.39 37.38 77.61% 57.60 27.48 109.61% (%) 2.90 1.59 1.31% 3.12 1.48 1.64% 8. Expenses on management (milion

the delay in ownership transfer in a certain number of our customers and lockdown policy implemented in various countries causing difficulty for real estate foreign buyers to proceed the ownership

had total assets of 5,403 THB mm, decrease from 31 December 2019 by 50 THB mm or 0.9%, mainly due to • Decrease in property development costs from the ownership transfer of Veranda Residence Hua-Hin

transfer within December 2019. „ 3rd installment : Payment according to the value of remaining land plots on the date of registration for land ownership transfer within April 2020. …/3 - 3 - The sale of such

ownership transfer of ordinary shares date or within 120 days from the date of the sale and purchase contract ordinary shares. • The seller must redeem the land from use as collateral the debenture within 120

during the fourth quarter of last year. In addition, the accelerating of the ownership transfer by some customers was due to the impact of the Bank of Thailand (BoT) housing loan control measure which

. (Originally, SPI’s payment at the amount according to the value of 1 or 2 land plots which will be registered for land ownership transfer within December 2019.) „ 3rd installment : Payment of the 2 land plots