CONSTRUCTION NON-OPERATING ITEMS Other Revenues  Other revenues was recorded at Baht 22 million in Q1’2018, primarily attributable to an interest income Share of Profit (Loss) of Associates and Joint Ventures

million in Q3’2018), primarily attributable to gain from business combination (BGYSP) amount of Baht 276 million which should be amortised by Baht 12 million per annum along the PPA life. Share of Profit

increase of interest income. Share of Profit (Loss) of Associates and Joint Ventures • Share of profit from associates decreased 10.0% y-on-y in Q1’2020 to THB 27 million, primarily due to lower profits at

amount of Baht 13.4 million and Baht 23.9 million, respectively. Moreover, administrative expenses increase in this year due to recognize share based payment of Baht 61.2 million which are non-monetary

”) would like to inform the Stock Exchange of Thailand ("SET") that Banyan Tree Gallery (Singapore) Pte Ltd. (“BTGS”), a 51 percent subsidiary holding by the Company, has sold its entire investment in

= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of

the 1st quarter was 104.8 million baht decrease 11.4 %. Net profit margin equal to 3.9% equivalent to the ratio of earning per share to 0.116 the decrease was a result of the economic slowdown and the

those segments delayed theirs the projects; however, the situation started easing towards the end of the quarter. In addition, the Company had structured its group business by transferring the entire

testing into the whole investment process and strategic asset allocation. Conduct in-depth annual assessments of risk and performance on deforestation and conversion across portfolio companies, products and

Development Plc. (DEVA) shares from Pinmuk and Chanont Senadisai (63.95 percent of DEVA paid-up capital) at the price of 0.85 baht per share or 543.57 million baht in total value.According to the opinions given