Bitcoin or Gold for a Diversifier? Tales of Before and During COVID-19 Crisis Financial Literacy and Fintech Adoption for Quality of Life Yosuke Kakinuma Chiang Mai University Business School SEC

liquidated, 90% of which was ready-to-move-in projects completed before 2019. The sales volume was 6.3 billion THB. The other 10% was new projects launched in 2019. There were 6 projects with the sales volume

projects launched, sales volume and backlog as of 31st March 2020 The sales volume in Q1/2020 is 2.62 billion THB i.e. 2.1 52.92% are ready-to-move-in projects completed before 2020 comprising 36.77

on Sale (%) (excluding expenses on ownership transfer) 2.15% 2.26% (0.11%) 2.20% 3.16% (0.96%) 17. Expenses on Management (%) 9.06% 6.91% 2.15% 6.06% 4.39% 1.67% 18. Profit before interest and income

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

following reasons; - Sales of units in condominium projects increased by 773.89 million baht or 147.63% from 524.22 million baht in Q1/2018 to 1,298.11 million baht in Q1/2019 due to the continuous transfer

mainly from ready to move-in projects while there were 3 low-rise projects, Maestro 03 Ratchada-Rama9, Maestro 14 Siam-Ratchathevi and Maestro 01 Sathorn-Yenakat, completed and started transfer in Q2/2018

transfer,causing the project interest to be booked as a financing cost rather than in the cost of real estate sales as before. Net Profit The Company's net profit for year 2017 was 132.92 Million Baht, or

, 2020. To : The President and Governing Members of The Stock Exchange Market of Thailand For the first quarter of 2020, Real estate transfer activities of condominium and house totaled 3,393.9 million

, the land is mortgaged with Bangkok Bank Public Company Limited. The Company will release the mortgage before the date of registration of land transfer. On the land transfer date, the Company has to