shareholder equity as a result of the capital increase. During 1Q 2018, capital expenditure for U City was THB 51mn. Capital expenditure excludes the EBT of UE, which is classified as an investment. CASH FLOW

quarter, the Sansiri JV (i) fully sold and fully transferred The Line Chatuchak-Mochit project, (ii) continued to transfer units of the ready-to-move-in The Line Wongsawang and (iii) begun transferring

. During the quarter, the Sansiri JV transferred units of the ready-to-move-in The Line Wongsawang, The Line Ratchathewi, The Line Asoke- Ratchada and Base Garden Rama 9 projects. On 22 September 2018, the

- the Company has started the transfer of the ESSE Asoke – our first luxury condominium project in December 2018. We can achieve the transfer progress of 29% of total units sold and expect to complete to

domestic and international. The Company expects that the 4R strategy that we have started to implement and will continue to move forward will successfully make Malee ramp up growth sustainably and be widely

Exploration and Production Business recorded impairment losses of the exploration and evaluation expenditure from the cease Executive Summary 4 | Management Discussion and Analysis of Business Operation for the

through the acquisition of Multi Sign Company Limited (“Multi Sign”) and Comass Company Limited (“Comass”). This strategic move enabled us to jump our media coverage nationwide and gather wider audience

service when the situation permits. The Office business has also been slightly affected from COVID-19, while the projects under development continue to move forward. The Company has confidence that this

increased by 609.18 million baht or 55.61% from 1,095.42 million baht in Q2/2019 to 1,704.60 million baht in Q2/2020 because of the promotion campaign in ready to move-in projects in Q2/2020 including the

supervision is to prevent market manipulation. All parties mutually agree to adopt the pre-emptive move concept and preventive measures should be specific and avoid confusing information. By doing so, the SEC