Property Public Company Limited (the “Company” or “ORI”), which was convened on 9 December 2017, resolved to approve the joint venture between the Company and Nomura Real Estate Development Co., Ltd. ("NRED

Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 2 of 10 The Joint Venture for the Development of Theme Park Project in CentralPhuket On 31 May 2017, the Board has passed the

venture, Synergistic Property Development Company Limited, with a registered capital of THB 100,000. The venture was jointly invested with Ek-Chai Distribution System Company Limited for a 50:50

on the same period from last year. Due to a revenues from project management service to joint venture company, (With“Nomura Real Estate Development” and “ES-CON Japan (Thailand)”), increase as planned

joint venture company, (With“Nomura Real Estate Development” (NRED)) 3. Other income, in the period of the first quarter of 2018, accumulated amount of 78.5 million baht, or 3.2% from the total revenue

revenues from project management service to joint venture company, (With“Nomura Real Estate Development” (NRED)) 3. Gain from transfer of right for land purchase and sale agreements, in the period for 6

1,037.4 million baht, or 9.7% from the total revenues, an increase of 100.0% compared on the same period from last year. Due to a revenues from project management service to joint venture company, (With

revenues from project management service to joint venture company, (With“Nomura Real Estate Development” (NRED)) 3. Gain from transfer of right for land purchase and sale agreements, in the period for year

at 21.5% and continuously recognize the profit from joint venture condominium projects (Joint Venture) with Nomura Real Estate Development Co.,Ltd. are Knightsbridge Prime Ratchayothin and

company still managed to maintain the gross profit margin at 39.9% and started to realize the profit from 2 new completed joint venture condominium projects (Joint Venture) with Nomura Real Estate