rate, one-time income/expense, in the 3Q16 and 3Q17 performance, EBT in 3Q17 would have declined by 449% YoY, reflecting higher financial costs (interest expenses) from convertible bonds worth US$180mn

venturer in Shahahydro joint venture with the 100.00% shareholding. During the 3rd quarter, the construction of the project has been already implemented with the work progress equivalent to 8.28%. 3. SUT

- 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

recorded gain on fair value adjustment of investment due to reclassification in the amount of Baht 2,334 Million, net of corporate income tax. 5. The progress of the MRT Blue Line Extension Project At the

absence of revenue from the property development business and increase in administrative expense as explained above. Summary of Financial Performance Analysis of the Operating Results Revenues For the

fully repaid in November 2019 from the net proceeds of SHR’s IPO, an increase in income tax expense due to growth in transfer value of residential project as well as fair value adjustments on investment

% from previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract that has continuously awarded

-11.1 -51.8% Trade and Other Receivables 61.1 56.0 5.1 9.2% Property Development Cost 327.5 156.7 170.8 109.0% Other current assets 34.0 26.7 7.3 27.3% Total current assets 433.0 260.7 172.3 66.1

ACC6207/003 25 July 2019 Subject Inform the progress of the sale stock in the subsidiary company To Director/ Managing Director The Stock Exchange of Thailand Refer to the company's letter No

due to advance payment for construction projects and development cost of water supply, Khlong Luang Rachalothorn Reservoir Project. 2) Liabilities At the end of 30 September 2019, total liabilities were