cannot generate revenue immediately; some investments are not fully utilized or have not reached an optimal level yet; and some projects are delayed. Thus, costs per unit climbed up at this point; 4

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

at 30 September 2019: Project Project value Sold Tentative Transfer from/ (THB m) Transfer progress The ESSE Asoke 4,923 83% 72%(of project value) The ESSE at Singha Complex 4,347 95% 28%(of project

projects for sales as at 31 December 2019(1): Project Project value Sold Tentative Transfer from/ (THB m) Transfer progress The ESSE Asoke 5,011 83% 70%(of project value) The ESSE at Singha Complex 4,394 91

Tentative Transfer from/ (THB mil) Transfer progress The ESSE Asoke 4,923 83% 41% (of project value) The ESSE at Singha Complex 4,347 91% 3Q2019 The ESSE Sukhumvit 36 6,461 63% 3Q2020 EYSE Sukhumvit 43 1,957

Discussion and Analysis 2Q2019 Residential projects for sales as at 30 June 2019: Project Project value Sold Tentative Transfer from/ (THB mil) Transfer progress The ESSE Asoke 4,923 82% 56% (of project value

tail dependency evolves, and then seek to examine the effects of tail dependence on optimal portfolios. Keywords: REITs, Dependence Structure, Tail Dependence, Conditional Copula JEL Classification: G10

, Nakorn Ratchasima. 30380 Tel: (66) 4429 1333, Fax: (66) 4429 1723 Website: www.navanakorn.co.th IR 008/100/2019 October 31,2019 Subject : Progress of the share acquisition of Thai Thanan Company Limited

renovation. Liquidity was maintained at healthy level with current ratio over 1, while capital structure was at optimal level with excellent ability to repay debt. 31-Dec-17 31-Dec-16 Chg Profitability ratio

out cost control policies seriously and continuously, whilst still maintaining optimal staffing plan. This will ensure that the Company has enough manpower to support its growth after the crisis. Office