Common use of Conclusion Clause in Contracts

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13, 2019 (Miss Xxxxxxx Xxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September As at December Notes 30, 2019 31, 2018 30, 2019 31, 2018 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 Short-term loans to related parties 4 - - 1,229,163 1,148,330 Other current assets 23,034 5,987 15,812 1,849 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments in subsidiaries 8 - - 313,000 311,000 Investment properties 9 478,630 451,650 433,630 412,040 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 Intangible assets 15,383 18,675 13,495 16,406 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 31,887 50,039 22,837 39,892 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 Notes to interim financial statements form an integral part of these statements.

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 17, 2019 2021 (Miss Xxxxxxx XxxxxxxxxxxxChotima Kitsirakorn) Certified Public Accountant Registration No. 6838 7318 "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30MARCH 31, 2019 2021 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September March As at December As at September March As at December Notes 30, 2019 31, 2018 30, 2019 2021 31, 2018 2020 31, 2021 31, 2020 6 7 19 5 1,055,346 177,203 7,297,896 124,590 - 11,361 85 4,631 8,671,112 77,450 177,836 6,424,629 148,590 - 7,385 85 4,779 6,840,754 921,762 1,183,093 5,411,341 124,590 1,109,660 4,261 85 - 8,754,792 48,656 1,128,256 4,370,075 148,590 1,095,000 - 85 - 6,790,662 10 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 Short-term loans to related parties 4 - - 1,229,163 1,148,330 Current tax assets Other current financial assets Other current assets 23,034 5,987 15,812 1,849 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments in subsidiaries 8 - - 313,000 311,000 Land held for development Investment properties 9 478,630 451,650 433,630 412,040 Property, plant and equipment 316,835 341,762 274,893 308,363 Right-of-use assets Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 Intangible assets 15,383 18,675 13,495 16,406 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 31,887 50,039 22,837 39,892 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 262,453 - 1,737,774 394,614 346,578 474,065 108,575 1,590,128 9,524 43,653 60,000 46,031 5,073,395 13,744,507 361,433 - 2,899,938 394,614 352,805 482,167 110,682 1,559,882 10,213 44,514 60,000 27,023 6,303,271 13,144,025 262,453 315,000 865,082 355,814 330,672 467,795 108,575 1,590,128 8,000 30,297 60,000 10,885 4,404,701 13,159,493 349,876 315,000 2,027,691 355,814 334,717 475,226 110,682 1,559,882 8,565 29,076 60,000 10,653 5,637,182 12,427,844 11 12 5 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2021 LIABILITIES AND SHAREHOLDER' EQUITY In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at March As at December As at March As at December Notes 31, 2021 31, 2020 31, 2021 31, 2020 CURRENT LIABILITIES Bank overdrafts and short-term loans from financial institutions Trade and other current payables Current portion of long-term loans from financial institutions Current portion of long-term loans from other company Current portion of debentures Current portion of lease liabilities Short-term loans from related parties Construction retentions Unearned revenue from construction Unrecognised income on installments due Income tax payable Other current liabilities Total current liabilities NON-CURRENT LIABILITIES Long-term loans from financial institutions Long-term loans from other company Long-term loans from related party Debentures Lease liabilities Utilities guarantees Provisions for employee benefit Other non-current provisions Other non-current liabilities Total non-current liabilities TOTAL LIABILITIES 315,408 513,849 427,092 734,216 315,408 741,575 427,092 880,407 13 13 578,223 592,029 452,687 335,041 13 14 13 5 370,938 4,384,611 28,980 - 198,983 71,285 116,604 9,871 96,408 6,685,160 360,938 2,838,655 32,032 - 191,628 39,715 204,326 5,161 93,102 5,518,894 370,938 4,384,611 20,129 10,472 159,206 - 104,579 4,030 39,644 6,603,279 360,938 2,838,655 29,299 20,122 157,355 - 184,154 4,030 37,858 5,274,951 13 13 5 14 13 211,920 202,812 - 2,435,276 473,714 1,011 115,658 15,000 69,909 3,525,300 10,210,460 587,191 112,812 - 2,670,040 477,151 2,006 116,140 15,000 70,879 4,051,219 9,570,113 7,734 202,812 9,700 2,435,276 469,922 1,011 105,243 15,000 45,654 3,292,352 9,895,631 383,005 112,812 9,700 2,670,040 472,650 2,006 106,188 15,000 48,332 3,819,733 9,094,684 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2021 LIABILITIES AND SHAREHOLDER' EQUITY (CONT.) In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at March As at December As at March As at December Notes 31, 2021 31, 2020 31, 2021 31, 2020 SHAREHOLDERS' EQUITY Authorised share capital 1,200,000,000 ordinary shares of Baht 1 each 1,200,000 1,200,000 1,200,000 1,200,000 Issued and paid-up share capital 980,000,000 ordinary shares of Baht 1 each 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS Appropriated Legal reserve 97,593 97,593 97,593 97,593 Unappropriated 1,428,127 1,467,992 1,157,942 1,227,240 Subordinated perpetual debentures 300,000 300,000 300,000 300,000 Other components of shareholders' equity 59,117 59,117 59,117 59,117 TOTAL SHAREHOLDERS' EQUITY 3,534,047 3,573,912 3,263,862 3,333,160 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 13,744,507 13,144,025 13,159,493 12,427,844 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements Notes 0000 0000 0000 2020 INCOME 5 Revenue from sale of real estate 742,635 874,979 401,174 606,312 Revenue from construction service 171,632 3,506 - - Other income 15,557 32,555 41,077 52,072 Total income 929,824 911,040 442,251 658,384 EXPENSES 5 Cost of sale of real estate 566,283 643,213 318,046 456,910 Cost of construction service 157,336 3,506 - - Distribution costs 59,175 89,075 42,628 66,133 Administrative expenses 88,929 99,160 83,816 72,048 Total expenses 871,723 834,954 444,490 595,091 Profit (loss) from operating activities 58,101 76,086 (2,239) 63,293 Finance income 5 - - 19,267 18,989 Finance costs 85,193 71,860 83,110 68,959 Profit (loss) before income tax expense (27,092) 4,226 (66,082) 13,323 Income tax (income) expense 8,335 3,292 (1,222) 2,533 PROFIT (LOSS) FOR THE PERIOD (35,427) 934 (64,860) 10,790 Other comprehensive income (loss) for the period - - - - TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD (35,427) 934 (64,860) 10,790 Profit (loss) attributable to Parent company (35,427) 934 (64,860) 10,790 Non-controlling interests - - - - (35,427) - (35,427) 934 - 934 (64,860) - (64,860) 10,790 10,790 (35,427) 934 (64,860) 10,790 Total comprehensive income (loss) attributable to Parent company Non-controlling interests Basic earning (loss) per share Earnings (loss) per share (Baht per share) 16 (0.0362) 0.0010 (0.0662) 0.0110 Notes to interim financial statements form an integral part of these statements. AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Share Capital Shares debentures Surplus from asset Equity revaluation-land, net 980,000 669,210 300,000 97,593 1,467,992 59,117 3,573,912 Beginning balance as at January 1, 2021 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2021 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 97,593 (35,427) - (35,427) (4,438) 1,428,127 - - - - 59,117 (35,427) - (35,427) (4,438) 3,534,047 Beginning balance as at January 1, 2020 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2020 980,000 669,210 300,000 88,293 1,294,948 59,117 3,391,568 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 88,293 934 - 934 (4,476) 1,291,406 - - - - 59,117 934 - 934 (4,476) 3,388,026 Notes to interim financial statements form an integral part of these statements. - 7 - AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Separate Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Share Capital Shares debentures Surplus from asset Equity revaluation-land, net 980,000 669,210 300,000 97,593 1,227,240 59,117 3,333,160 Beginning balance as at January 1, 2021 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2021 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 97,593 (64,860) - (64,860) (4,438) 1,157,942 - (64,860) - - - (64,860) - (4,438) 59,117 3,263,862 Beginning balance as at January 1, 2020 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2020 980,000 669,210 300,000 88,293 1,106,187 59,117 3,202,807 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 88,293 10,790 - 10,790 (4,476) 1,112,501 - 10,790 - 10,790 - (4,476) 59,117 3,209,121 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITEDAND ITS SUBSIDIARIES STATEMENT OF CASH FLOWS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2020 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period Adjustment to reconcile profit (loss) to be net cash received (paid) Adjusted income tax (income) expenses Adjusted finance costs Adjusted trade and other current receivables (increase) decrease Adjusted real estate projects under development (increase) decrease Adjusted deposits for land (increase) decrease Adjusted other current assets (increase) decrease Adjusted other non-current assets (increase) decrease Adjusted trade and other current payables increase (decrease) Adjusted construction retentions increase (decrease) Adjusted unearned revenue from construction increase (decrease) Adjusted unrecognised income on installments due increase (decrease) Adjusted other current liabilities increase (decrease) Adjusted utilities guarantee increase (decrease) Adjusted other non-current liabilities increase (decrease) Depreciation and amortization Adjusted expected cerdit loss (reverse) Adjusted loss from decline in value of real estate projects under development (reverse) Adjusted on provisions for compensation for housing estate juristic persons (reverse) Adjusted provisions for employee benefit obligations (reverse) (35,427) 934 (64,860) 10,790 8,335 85,193 704 344,123 24,000 148 (11,623) (194,985) 7,355 3,292 71,860 12,781 374,475 (4,000) (123) 2,614 (36,923) 10,594 - (1,222) 83,110 (35,514) 173,761 24,000 - (232) (123,797) 1,851 - 2,533 68,959 5,814 262,648 (4,000) - 2,588 (47,894) 9,813 - (87,722) 2,074 (995) (1,876) 11,258 (71) 72,087 (21,931) 855 (7,038) 12,775 (4,752) (79,575) 1,158 (995) (2,971) 9,225 9,987 20,702 12,880 855 495 10,771 (4,483) (1,804) - (1,804) - 2,138 (482) 2,163 2,792 921 (945) 1,257 1,641 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITEDAND ITS SUBSIDIARIES STATEMENT OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2020 11,762 7,836 11,762 7,836 193,675 500,291 3,860 363,205 (97) (212) (19,364) (19,201) (14,125) (9,702) (4,260) (6,662) 179,453 490,377 (19,764) 337,342 Adjusted on amortisation of premium on debentures Net cash provided by (used in) operating activities Interest income Income tax paid Net cash provided by (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES Cash paid for purchase of investment in subsidiaries Cash paid for purchase of equipment Cash paid for purchase of Investment properties Proceed from short-term loans to related parties Repayment of short-term loans from related parties Interest received (Increase) decrease in deposits at banks used as collateral Increase in leasehold rights Net cash provided by (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES Cash received from proceeds from debentures Cash paid for repayment of debentures Cash paid for transaction cost from issue of debenture Cash received from short-term loans from related parties Cash paid for repayment of short-term loans from related parties Cash received from long-term loans from financial institutions Cash paid for repayment of long-term loans from financial institutions Cash received from long-term loans from other company - (72) - - - 97 98,980 (3,241) 95,764 - (24) (14) - - 212 6,567 (106,288) (99,547) - (66) - (260,600) 236,078 97 87,423 (3,241) 59,691 (2,998) (24) (14) (29,026) 44,657 212 8,599 (106,288) (84,882) 1,550,000 (221,642) (28,928) - - 30,040 (419,117) 100,000 1,835,500 (654,500) (29,894) - - 453,110 (400,169) - 1,550,000 (221,642) (28,928) - (9,650) 6,487 (264,112) 100,000 1,835,500 (654,500) (29,894) 14,877 - 399,425 (248,684) - Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITEDAND ITS SUBSIDIARIES STATEMENT OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2020 Increase (decrease) in bank overdrafts and short-term loans from financial institutions (111,684) 80,879 (111,684) 80,879 Cash paid for repayment of lease liabilities (16,826) (5,856) (12,467) (5,113) Finance costs paid (174,726) (167,806) (170,387) (158,372) Interest paid of subordinated perpetual debentures (4,438) (4,476) (4,438) (4,476) Net cash provided by (used in) financing activities 702,679 1,106,788 833,179 1,229,642 Net increase (decrease) in cash and cash equivalents 977,896 1,497,618 873,106 1,482,102 Cash and cash equivalents as at January 1, 77,450 65,928 48,656 42,486 Cash and cash equivalents as at March 31, 1,055,346 1,563,546 921,762 1,524,588 Non-cash transactions Depreciation expense which is include as a part of real estate project under development Borrowing costs which is included as a part of real eatate under development cost Expenses under contracts which is included as a part of leasehold rights Borrowing costs which is included as a part of construction in process of leasehold rights 1,483 1,875 344 769 50,132 85,932 49,472 78,404 4,598 3,857 4,598 3,857 22,407 22,262 22,407 22,262 Notes to interim financial statements form an integral part of these statements. AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO INTERIM FINANCIAL STATEMENTS‌‌ MARCh 31, 2021

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November May 13, 2019 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT 4752 THE STATEMENTS OF FINANCIAL POSITION AS AT SEPTEMBER 30MARCH 31, 2019 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at September March As at December As at September March As at December Notes 3031, 2019 31, 2018 3031, 2019 31, 2018 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 71,839 29,219 69,449 26,623 Short-term loans investments 947 946 707 706 Trade accounts receivable 45 - - - Short-term loan to related parties 4 - - 1,229,163 1,148,330 - - Inventories 5 267,066 311,754 267,066 311,754 Property development costs 6 1,487,181 1,597,714 1,487,181 1,597,714 Land held for development 7 1,975,410 1,954,096 1,902,002 1,880,688 Other current assets 23,034 5,987 15,812 1,849 4 7,037 11,816 6,942 11,861 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 3,809,525 3,905,545 3,733,347 3,829,346 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 268,272 194,844 262,084 188,667 Investments 8 9,979 9,242 9,979 9,242 Investment in subsidiaries 8 9 - - 313,000 311,000 71,864 71,864 Investment properties 9 478,630 451,650 433,630 412,040 property 10 189,594 194,086 189,594 194,086 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 11 104,702 106,705 104,697 106,698 Intangible assets 15,383 18,675 13,495 16,406 12 4,583 4,764 4,583 4,764 Witholding tax 11,106 11,178 10,989 10,989 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 asstes 21 16,283 14,095 14,562 12,374 Other non-current assets 31,887 50,039 22,837 39,892 3,505 4,012 3,305 4,012 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 339,752 344,082 409,573 414,029 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,149,277 4,249,627 4,142,920 4,243,375 Notes to interim financial statements form an integral part of these statements. THE STATEMENTS OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2019 LIABILITIES AND SHAREHOLDERS' EQUITY In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December As at March As at December Note 31, 2019 31, 2018 31, 2019 31, 2018 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 13 399,618 456,425 399,618 456,425 Trade notes payable 22,153 24,301 22,153 24,301 Trade accounts payable and other payable 75,791 59,114 75,791 59,108 Payable to related parties 4 37,932 39,738 37,932 41,355 Accrued expenses 4 17,274 36,349 17,062 35,372 Accrued corporate income tax 14,367 9,014 14,367 9,014 Current portion of liabilities under the finance lease agreement Current portion of long-term loan from 14 - 1 - 1 the financial institutions 15 370,577 395,424 370,577 395,424 Short-term loan from other company 16 35,654 48,162 35,654 48,162 Short-term loan from related parties 4 229,000 230,000 229,000 229,000 Short-term loan from the director 4 3,000 3,000 - - Advance received from customers 3,365 3,077 3,365 3,077 Retention from contractors 72,131 74,043 71,873 73,785 Other current liabilities 10,296 3,005 10,230 2,914 Total current liabilities 1,291,158 1,381,653 1,287,622 1,377,938 NON-CURRENT LIABILITIES Liabilities under the finance lease agreement 14 - - - - Long-term loans from the financial institutions 15 117,087 162,293 117,087 162,293 Employee benefit obligations 17 57,189 55,789 55,447 54,112 Provision for compensation for housing estate juristic persons 18 20,114 19,527 20,114 19,527 Liabilities from purchasing the real estate project 19 42,741 42,741 39,198 39,198 Other non-current liabilities 2,526 1,985 2,526 1,985 Total non-current liabilities 239,657 282,335 234,372 277,115 TOTAL LIABILITIES 1,530,815 1,663,988 1,521,994 1,655,053 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note As at March As at December As at March As at December 31, 2019 31, 2018 31, 2019 31, 2018 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital Retained earnings 577,530 577,530 577,530 577,530 Appropriated - legal reserve 74,150 74,150 74,150 74,150 Unappropriated 721,498 688,675 723,962 691,358 Other components of equity - - - - Total equity attributable to company's shareholders 2,618,462 2,585,639 2,620,926 2,588,322 Non-controlling interests - - - - TOTAL SHAREHOLDER’S EQUITY 2,618,462 2,585,639 2,620,926 2,588,322 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 4,149,277 4,249,627 4,142,920 4,243,375 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note 2019 2018 2019 2018 REVENUES Sales 401,559 395,944 401,559 395,944 Rental income and service 5,459 5,391 4,169 4,152 Other income 4 1,450 1,442 1,462 2,230 Total Revenues 408,468 402,777 407,190 402,326 EXPENSES Cost of sales 4 255,724 261,314 255,724 261,314 Cost for rent and service 5,070 5,366 4,126 4,293 Selling expenses 49,254 58,805 49,254 58,805 Administrative expenses 4 38,393 39,495 38,338 39,050 Management benefit expenses 4 8,698 8,565 8,698 8,565 Finance cost 4 11,278 19,952 11,218 19,945 Total Expenses 368,417 393,497 367,358 391,972 Income (loss) before tax expenses 40,051 9,280 39,832 10,354 Tax expenses (income) 21.2 7,228 2,552 7,228 2,552 Profit (loss) for the period 32,823 6,728 32,604 7,802 Other comprehensive income Items that will not be reclassified to profit or loss - - - - Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 32,823 6,728 32,604 7,802 Profit (loss) attributable to Shareholders' equity of the parent company 32,823 6,728 32,604 7,802 Non-controlling interests - - - - 32,823 6,728 32,604 7,802 Total comprehensive income attributable to Shareholders' equity of the parent company 32,823 6,728 32,604 7,802 Non-controlling interests - - - - 32,823 6,728 32,604 7,802 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and share capital Appropriated Unappropriated components paid-up legal reserve of equity Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Comprehensive income Profit for the period - - Other comprehensive income for the period - - - - 32,823 - - - 32,823 - - - 32,823 - Total comprehensive income for the period - - - 32,823 - 32,823 - 32,823 Ending balance as at March 31, 2019 1,245,284 577,530 74,150 721,498 - 2,618,462 - 2,618,462 Beginning balance as at January 1, 2018 1,245,284 577,530 69,150 597,374 - 2,489,338 - 2,489,338 Comprehensive income Profit for the period - - Other comprehensive income for the period - - Total comprehensive income for the period - - - - - 6,728 - 6,728 - - - 6,728 - 6,728 - - - 6,728 - 6,728 Ending balance as at March 31, 2018 1,245,284 577,530 69,150 604,102 - 2,496,066 - 2,496,066 Notes to interim financial statements form an integral part of these statements. Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total issued and share capital Appropriated Unappropriated components 577,530 74,150 691,358 - 2,588,322 - - 32,604 - 32,604 Note paid-up legal reserve of equity Beginning balance as at January 1, 2019 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 32,604 32,604 Ending balance as at March 31, 2019 1,245,284 577,530 74,150 723,962 2,620,926 577,530 69,150 597,193 - 2,489,157 - - 7,802 - 7,802 Beginning balance as at January 1, 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 7,802 7,802 Ending balance as at March 31, 2018 1,245,284 577,530 69,150 604,995 2,496,959 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 32,823 6,728 32,604 7,802 Add (less) Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 5,344 6,019 5,342 6,002 Unrealized gain from trading securities (1) (1) (1) (1) Doubtful account 980 - 980 - (Gain) loss from sale and amortization of fixed assets - (30) - (30) (Gain) loss from sale and amortization of investment property 2,962 - 2,962 - Provision for compensation for housing estate juristic persons 587 521 587 521 Employee benefit expenses 1,109 841 1,055 806 Interest income (25) (783) (24) (782) Finance cost 11,278 19,952 11,218 19,945 Tax expenses (income) 7,228 2,552 7,228 2,552 Income from operating activities before changes in operating assets and liabilities 62,285 35,799 61,951 36,815 Decrease (increase) in operating assets Trade account receivable (45) - - - Inventories 44,688 50,986 44,688 50,986 Property development costs 92,136 73,733 92,136 73,733 Land held for development 5,649 (26,714) 5,649 (26,714) Other current assets 3,737 1,029 3,876 472 Other non-current assets 507 58 707 58 Notes to interim financial statements form an integral part of these statements. THE STATEMENTS OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2019 In Thousand Baht 2019 2018 2019 2018 Increase (decrease) in operating liabilities Trade notes payable (2,148) (4,675) (2,148) (4,675) Trade accounts payable and other payable 16,677 92 16,683 77 Payable to related parties (1,806) (1,029) (3,423) (986) Accrued expenses (17,418) 4,717 (16,613) 4,684 Advance received from customers 288 (1,353) 288 (1,353) Retention from contractors (1,912) 1,943 (1,912) 1,943 Other current liabilities 7,291 (7) 7,316 (18) Other non-current liabilities 541 - 541 - Cash receivable (paid) from the operations 210,470 134,579 209,739 135,022 Xxxx received from interest income 88 67 87 66 Witholding taxes refunded from Revenue Department 95 125 - - Income tax expenses paid (4,085) (4,032) (4,062) (4,013) Net cash provided by (used in) operating activities 206,568 130,739 205,764 131,075 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - - 900 Increase in temporary investment (1) - (1) - Increase in short-term investments (737) - (737) - Proceeds from sales of fixed assets - 80 - 80 Cash paid for purchase of fixed assets (658) (843) (658) (843) Cash paid for purchase of investment property (973) - (973) - Cash paid for purchase of intangible assets - (21) - (21) Net cash provided by (used in) investing activities (2,369) (784) (2,369) 116 Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. THE STATEMENTS OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2019 CASH FLOWS FROM FINANCING ACTIVITIES In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 Increase (decrease) in bank overdrafts and short-term loans from the financial institutions (56,807) 55,202 (56,807) 55,202 Cash paid for liabilities under finance lease agreement (1) (209) (1) (209) Cash paid for short-term loan from other company (12,508) (40,000) (12,508) (40,000) Xxxx received from short-term loan a related party (1,000) - - - Xxxx received from short-term loan from the directors - 1,500 - 1,500 Cash paid for short-term loan from the directors - (1,000) - (1,000) Xxxx received from long-term loans 35,705 109,960 35,705 109,960 Cash paid for long-term loans (105,758) (188,478) (105,758) (188,478) Interest paid (21,210) (28,039) (21,200) (28,039) Net cash provided by (used in) financing activities (161,579) (91,064) (160,569) (91,064) Net increase (decrease) in cash and cash equivalents 42,620 38,891 42,826 40,127 Cash and cash equivalents, beginning of period 29,219 21,952 26,623 19,753 Cash and cash equivalents, end of period 71,839 60,843 69,449 59,880 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 597 837 597 837 Cash at bank 71,242 60,006 68,852 59,043 Total 71,839 60,843 69,449 59,880

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13August 14, 2019 2020 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated Separate Financial Statements Separate Financial Statements As at September June As at December As at September June As at December Notes 30, 2019 2020 31, 2018 2019 30, 2019 2020 31, 2018 2019 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 6 47,550 182,190 11,517 94,272 Trade and other current receivables 5, 7 339,022 700,182 172,333 470,895 Unbilled receivables 8, 24 1,299,680 1,138,172 632,394 411,365 Accounts receivable - retention under construction contracts 5, 8 220,994 215,366 85,391 68,764 Advances paid to subcontractors under construction contracts 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 453,512 519,906 176,139 195,643 Construction in progress 24 306,112 80,348 92,862 73,685 Inventories 9 5,583 5,569 5,514 5,514 Short-term loans to related parties 4 5 - - 1,229,163 1,148,330 - - Withholding tax deducted at source 142,311 132,129 103,326 105,134 Other current assets 23,034 5,987 15,812 1,849 42,896 37,720 15,524 20,071 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 2,857,660 3,011,582 1,295,000 1,445,343 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 10 10,541 10,541 - - Long-term loans to related parties 5 - - - - Investments in subsidiaries 8 11 - - 313,000 311,000 Investment properties 9 478,630 451,650 433,630 412,040 476,198 476,073 Investments in associates 12 - - - - Investments in joint ventures 13 123,379 51,613 102,376 27,751 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 14 570,014 595,909 538,196 570,690 Right-of-use assets 15 26,103 - 13,266 - Intangible assets 15,383 18,675 13,495 16,406 14,199 10,747 14,043 10,566 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 23,785 28,972 14,308 13,367 Other non-current assets 31,887 50,039 22,837 39,892 7,210 6,271 5,758 5,468 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 775,231 704,053 1,164,145 1,103,915 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 3,632,891 3,715,635 2,459,145 2,549,258 Notes to interim financial statements form an integral part of these statements.. CURRENT LIABILITIES Bank overdrafts and short-term loans In Thousand Baht

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 15, 2019 2014 2014/618/0274 (Miss Xxxxxxx Xxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 ASSETS In Thousand Baht Consolidated Separate Financial Statements Separate Financial Statements As at September March As at December As at September March As at December Notes 30, 2019 Note 31, 2018 30, 2019 2014 31, 2018 2013 31, 2014 31, 2013 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 23,550 30,638 21,666 26,860 Short-term loans investments 000 000 000 000 Trade accounts receivable 5 146 24,683 - - Short-term loan to related parties 4 - - 1,229,163 1,148,330 20,500 19,300 Inventories 6, 15 377,587 403,886 370,737 394,878 Property development costs 7, 15 2,496,651 2,546,147 2,496,587 2,547,515 Land held for development 7, 15 1,249,928 1,211,563 1,181,072 1,211,207 Deposit from purchase land - 1,800 - 1,800 Other current assets 23,034 5,987 15,812 1,849 30,767 33,186 28,220 30,809 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 4,179,301 4,252,573 4,119,454 4,233,039 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 268,272 194,844 262,084 188,667 Investments 8 9,014 9,012 8,785 8,785 Investment in associated company 9 - - - - Investment in subsidiaries 8 9 - - 313,000 311,000 11,864 11,864 Investment properties 9 478,630 451,650 433,630 412,040 Property 10 201,441 201,441 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 11 155,700 164,471 151,348 159,883 Intangible assets 15,383 18,675 13,495 16,406 12 4,485 4,073 4,485 4,073 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 21 11,690 10,450 11,674 10,438 Other non-current assets 31,887 50,039 22,837 39,892 9,748 6,687 6,629 4,533 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 392,078 194,693 396,226 199,576 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,571,379 4,447,266 4,515,680 4,432,615 Notes to interim financial statements form an integral part of these statements.statement In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December As at March As at December Note 31, 2014 31, 2013 31, 2014 31, 2013 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 13 204,281 173,801 204,281 173,801 Trade notes payable 57,339 50,320 57,339 50,320 Trade accounts payable and other payable 116,526 103,137 114,229 100,418 Payable to related parties 4 36,289 30,763 42,712 38,610 Accured expenses 4 33,714 53,516 33,620 51,760 Corporate income tax payable Current portion of liabilities under 5,398 5,398 5,398 5,398 the finance lease agreement 14 563 592 563 592 Current portion of long-term loans from the financial institutions 15 428,663 429,572 428,663 429,572 Short-term loan from related parties 4 - - - 1,000 Short-term loan from the director 4 110,000 75,000 70,000 75,000 Advance received from customers 56,081 47,690 56,081 47,690 Retention from contractors 75,675 74,051 75,212 73,604 Other current liabilities 727 790 727 790 Total current liabilities 1,125,256 1,044,630 1,088,825 1,048,555 NON-CURRENT LIABILITIES Liabilities under the finance lease agreement 14 894 1,039 894 1,039 Long-term loans from the financial institutions 15 1,003,275 967,671 1,003,275 967,671 Employee benefit obligations 16 29,838 28,860 29,092 28,166 Provision for compensation for housing estate juristic persons 19,376 18,823 19,376 18,823 Liabilities from purchasing the real estate project 17 80,719 80,719 80,719 80,719 Deferred tax liabilities 21 9,074 8,794 9,002 8,722 Total non-current liabilities 1,143,176 1,105,906 1,142,358 1,105,140 TOTAL LIABILITIES 2,268,432 2,150,536 2,231,183 2,153,695 Notes to interim financial statements form an integral part of these statement In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December As at March As at December Note 31, 2014 31, 2013 31, 2014 31, 2013 SHAREHOLDERS’ EQUITY Share capital Authorized share capital 1,200,000,000 ordinary shares of Baht 1.00 each 1,200,000 1,200,000 1,200,000 1,200,000 Issued and paid-up share capital 1,185,985,052 ordinary shares capital of Baht 1.00 each 1,185,985 1,185,985 1,185,985 1,185,985 Paid-in capital Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 18 54,350 54,350 54,350 54,350 Unappropriated 485,082 478,865 466,632 461,055 Total equity attributable to company's shareholders 2,302,947 2,296,730 2,284,497 2,278,920 Non-controlling interests - - - - Other components of equity - - - - TOTAL SHAREHOLDER’S EQUITY 2,302,947 2,296,730 2,284,497 2,278,920 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY 4,571,379 4,447,266 4,515,680 4,432,615 Notes to interim financial statements form an integral part of these statement In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note 2014 2013 2014 2013 REVENUES Sales 322,922 362,860 322,922 362,860 Construction income - 6,466 - - Service income 1,127 1,131 - - Other income 4 1,500 1,962 1,605 1,956 Total Revenues 325,549 372,419 324,527 364,816 EXPENSES Cost of sales 4 214,444 244,562 215,807 244,697 Cost of construction - 6,296 - - Cost of service 1,087 967 - - Selling expenses 40,177 48,468 40,177 48,468 Administrative expenses 4 41,337 37,848 40,752 36,930 Management benefit expenses 4 7,726 8,059 7,683 8,018 Finance costs 4 12,933 5,555 12,899 5,530 Total Expenses 317,704 351,755 317,318 343,643 Share of profit from investment in an associated company - - - - Income (loss) before tax expenses 7,845 20,664 7,209 21,173 Tax expenses (income) 21 1,628 5,387 1,632 5,317 Profit (loss) for the period 6,217 15,277 5,577 15,856 Other comprehensive income - - - - Total comprehensive income for the period 6,217 15,277 5,577 15,856 Profit (loss) attributable to Shareholders' equity of the parent company 6,217 15,277 5,577 15,856 Non-controlling interests - - - - 6,217 15,277 5,577 15,856 Total comprehensive income attributable to Shareholders' equity of the parent company 6,217 15,277 5,577 15,856 Non-controlling interests - - - - 6,217 15,277 5,577 15,856 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Notes to interim financial statements form an integral part of these statement “UNAUDITED” “REVIEWED” N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2014 In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-Controlling Total Share capital issued and Premium on share capital Retained earnings Appropriated Unappropriated Other components Total interests Note paid-up legal reserve (Restated) of equity Balance as at January 1, 2014 1,185,985 577,530 54,350 478,865 - 2,296,730 - 2,296,730 Total comprehensive income for the period 2014 - - - 6,217 - 6,217 - 6,217 Balance as at March 31, 2014 1,185,985 577,530 54,350 485,082 - 2,302,947 - 2,302,947 Balance as at January 1, 2013 1,185,985 577,530 48,850 420,596 - 2,232,961 - 2,232,961 Total comprehensive income for the period 2013 - - - 15,277 - 15,277 - 15,277 Balance as at March 31, 2013 1,185,985 577,530 48,850 435,873 - 2,248,238 - 2,248,238 Notes to interim financial statements form an integral part of these statement - 7 - N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2014

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13August 14, 2019 (Miss Xxxx Xxxxxxx XxxxxxxxxxxxXxxxxxxxx) Certified Public Accountant Registration No. 6838 7517 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER JUNE 30, 2019 2019‌ ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at September June As at December As at September June As at December Notes 30, 2019 31, 2018 30, 2019 31, 2018 CURRENT ASSETS Current assets Cash and cash equivalents 56,506 85,918 33,843 60,966 5 314,891,747 307,120,538 62,080,433 41,300,531 Current investment 80 84 80 84 investments 772,840 766,088 - - Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 4, 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 744,938,248 677,690,317 112,708,448 129,772,592 Short-term loans to related parties 4 4, 7 303,500,000 336,300,000 115,000,000 108,000,000 Inventories 8 164,022,003 165,281,199 45,163,091 44,240,911 Accrued dividend 4, 10, 11 68,860,025 - 68,860,025 - 1,229,163 1,148,330 Other current assets 23,034 5,987 15,812 1,849 4 60,500,620 39,191,012 27,037,668 19,889,331 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 NON1,657,485,483 1,526,349,154 430,849,665 343,203,365 Non-CURRENT ASSETS Deposits at banks used current assets Fixed deposits pledged as collateral 7 268,272 194,844 262,084 188,667 9 26,368,788 44,487,957 - - Available-for-sale investments 4, 10 6,377,121,082 3,656,549,151 3,457,228,400 1,349,069,720 Investments in associates 11 2,323,183,412 2,260,253,320 1,777,365,788 1,777,365,788 Investments in subsidiaries 8 12 - - 313,000 311,000 1,984,004,789 1,984,004,789 Other long-term investments 13 879,836,651 879,848,051 473,121,891 473,121,891 Long-term loans to related parties 4 29,625,000 29,625,000 - - Long-term loans to other persons 4,480,000 3,985,000 - - Investment properties 9 478,630 451,650 433,630 412,040 property 14 246,257,389 248,232,481 165,574,855 166,464,083 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 15 6,673,280,671 6,125,498,640 1,383,536,059 1,335,105,197 Goodwill 723,215,731 723,215,731 - - Intangible assets 15,383 18,675 13,495 16,406 9,159,563 11,746,660 3,387,923 4,490,814 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 16 27,652,973 25,222,960 - - Advance payment for assets 9,898,750 5,681,610 - - Other non-current assets 31,887 50,039 22,837 39,892 6,725,360 6,685,475 4,990,878 4,698,928 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 17,336,805,370 14,021,032,036 9,249,210,583 7,094,321,210 Total assets 18,994,290,853 15,547,381,190 9,680,060,248 7,437,524,575 Notes to the interim financial statements form an integral part of these statements.

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13August 10, 2019 2020 (Miss Xxxxxxx XxxxxxxxxxxxXxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 7318 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at September June As at December As at September June As at December Notes 30, 2019 2020 31, 2018 2019 30, 2019 2020 31, 2018 CURRENT ASSETS 2019 Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 57,147 27,210 49,089 19,195 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 Property development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held for land 17 275,200 280,900 275,200 280,900 Short-term loans to related parties 4 - - 1,229,163 1,148,330 development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 23,034 5,987 15,812 1,849 2,054 3,310 2,116 3,330 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment in subsidiaries 8 12 - - 313,000 311,000 86,864 79,364 Investment properties 9 478,630 451,650 433,630 412,040 property 13 206,549 192,201 206,549 192,201 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - Intangible assets 15,383 18,675 13,495 16,406 16 4,260 4,653 4,148 4,528 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 17 16,983 14,645 15,261 12,923 Other non-current assets 31,887 50,039 22,837 39,892 8,958 9,387 8,888 9,267 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 358,606 328,854 433,947 397,754 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements.. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - 66,666 23,240 70,862 22,668 Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - 66,666 23,240 70,862 22,668 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 Add (less) Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Decrease (increase) in operating assets Trade and other current receivables (1,539) (91) 177 - Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 Xxxx received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - Xxxx paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 1310, 2019 2017 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at September As at December As at September As at December 30, 2017 31, 2016 30, 2017 31, 2016 Cash and cash equivalents 37,778 13,240 35,744 10,782 Short-term investments 699 696 699 696 Trade accounts receivable 107 - - - Short-term loan to related parties 4 - - 55,000 57,000 Inventories 5 495,761 622,874 495,761 622,874 Property development costs 6 2,162,945 2,608,548 2,162,945 2,608,548 Land held for development 7 1,793,635 1,464,839 1,720,227 1,391,431 Other current assets 4 9,143 20,336 14,475 23,221 Total current assets 4,500,068 4,730,533 4,484,851 4,714,552 NON-CURRENT ASSETS Deposit pledged as collateral 8 8,279 8,223 8,279 8,223 Investment in subsidiaries 9 - - 11,864 11,864 Investment property 10 206,655 214,237 206,655 214,237 Property, plant and equipment 11 120,512 123,737 119,980 122,438 Intangible assets 12 5,739 4,930 5,739 4,930 Witholding tax 12,181 6,756 11,968 6,457 Deferred tax asstes 21 8,898 4,569 7,177 2,848 Other non-current assets 4,108 4,091 4,108 4,092 Total non-current assets 366,372 366,543 375,770 375,089 TOTAL ASSETS 4,866,440 5,097,076 4,860,621 5,089,641 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December Notes Note 30, 2019 2017 31, 2018 2016 30, 2019 2017 31, 2018 2016 CURRENT ASSETS Cash LIABILITIES Bank overdrafts and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 Shortshort-term loans from the financial institutions 13 397,902 1,171,188 397,902 1,171,188 Trade notes payable 56,614 47,494 56,614 47,494 Trade accounts payable and other payable 81,442 106,749 81,442 106,748 Payable to related parties 4 25,679 39,333 27,296 42,655 Accrued expenses 4 29,943 15,287 28,849 14,115 Current portion of liabilities under the finance lease agreement Current portion of long-term loan from 14 809 829 809 829 the financial institutions 15 168,354 329,998 168,354 329,998 Short-term loan from other company 16 135,124 - 135,124 - 1,229,163 1,148,330 Short-term loan from related parties 4 276,000 - 276,000 - Short-term loan from the director 4 - 81,000 - 81,000 Advance received from customers 10,520 23,654 10,520 23,653 Retention from contractors 80,407 80,311 80,148 79,927 Other current assets 23,034 5,987 15,812 1,849 liabilities 486 496 418 409 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 liabilities 1,263,280 1,896,339 1,263,476 1,898,016 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments in subsidiaries 8 - - 313,000 311,000 Investment properties 9 478,630 451,650 433,630 412,040 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 Intangible assets 15,383 18,675 13,495 16,406 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 Other nonLIABILITIES Liabilities under the finance lease agreement 14 234 840 234 840 Long-current assets 31,887 50,039 22,837 39,892 term loans from the financial institutions 15 1,028,136 647,696 1,028,136 647,696 Employee benefit obligations 17 43,779 39,885 42,483 38,740 Provision for compensation for housing estate juristic persons Liabilities from purchasing the real 18 15,768 14,844 15,768 14,844 estate project 19 32,147 32,147 28,604 28,604 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 liabilities 1,120,064 735,412 1,115,225 730,724 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 LIABILITIES 2,383,344 2,631,751 2,378,701 2,628,740 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note As at September As at December As at September As at December 30, 2017 31, 2016 30, 2017 31, 2016 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 68,050 68,050 68,050 68,050 Unappropriated 592,232 574,461 591,056 570,037 Other components of equity - - - - Total equity attributable to company's shareholders 2,483,096 2,465,325 2,481,920 2,460,901 Non-controlling interests - - - - TOTAL SHAREHOLDER’S EQUITY 2,483,096 2,465,325 2,481,920 2,460,901 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 4,866,440 5,097,076 4,860,621 5,089,641 Notes to interim financial statements form an integral part of these statements. Sales 369,953 287,467 369,953 287,467 Rental income and service 5,386 4,930 4,193 4,063 Other income 4 2,528 1,691 3,342 2,555 Total Revenues 377,867 294,088 377,488 294,085 EXPENSES Cost of sales 4 235,405 197,728 235,405 197,729 Cost for rent and service 5,318 4,560 4,458 3,710 Selling expenses 49,111 39,463 49,111 39,463 Administrative expenses 4 41,044 41,989 40,526 41,389 Management benefit expenses 4 7,986 7,693 7,986 7,693 Finance costs 4 31,041 9,973 31,032 9,964 Total Expenses 369,905 301,406 368,518 299,948 Income (loss) before tax expenses 7,962 (7,318) 8,970 (5,863) Tax expenses (income) 21 (3,226) (1,223) (3,226) (1,063) Profit (loss) for the period Other comprehensive income Items that will not be reclassified to profit or loss 11,188 (6,095) 12,196 (4,800) Actuarial loss from post-employee benefit, net of income tax Items that may be reclassified subsequently to profit or loss Total comprehensive income for the period 17 - - - - - - - - 11,188 (6,095) 12,196 (4,800) Profit (loss) attributable to Shareholders' equity of the parent company 11,188 (6,095) 12,196 (4,800) Non-controlling interests - - - - 11,188 (6,095) 12,196 (4,800) Total comprehensive income attributable to Shareholders' equity of the parent company 11,188 (6,095) 12,196 (4,800) Non-controlling interests - - - - 11,188 (6,095) 12,196 (4,800) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Basic earning (loss) per share (Baht per share) 0.009 (0.005) 0.010 (0.004) Notes to interim financial statements form an integral part of these statements. Sales 1,074,401 1,071,470 1,074,401 1,071,470 Rental income and service 15,530 15,552 12,468 12,500 Other income 4 7,383 10,803 9,699 12,840 Total Revenues 1,097,314 1,097,825 1,096,568 1,096,810 XPENSES Cost of sales 4 709,341 722,631 709,341 722,820 Cost for rent and service 16,204 15,614 12,962 12,853 Selling expenses 137,309 130,621 137,309 130,621 Administrative expenses 4 128,595 131,522 127,870 129,850 Management benefit expenses 4 23,885 22,902 23,885 22,902 Finance costs 4 62,862 54,536 62,835 54,023 Total Expenses 1,078,196 1,077,826 1,074,202 1,073,069 E Income (loss) before tax expenses 19,118 19,999 22,366 23,741 Tax expenses (income) 21 1,347 4,901 1,347 5,382 Profit (loss) for the period 17,771 15,098 21,019 18,359 Other comprehensive income Items that will not be reclassified to profit or loss Actuarial loss from post-employee benefit, net of income tax 17 - (331) - (325) Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 17,771 14,767 21,019 18,034 Profit (loss) attributable to Shareholders' equity of the parent company 17,771 15,098 21,019 18,359 Non-controlling interests - - - - 17,771 15,098 21,019 18,359 Total comprehensive income attributable to Shareholders' equity of the parent company 17,771 14,767 21,019 18,034 Non-controlling interests - - - - 17,771 14,767 21,019 18,034 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Basic earning (loss) per share (Baht per share) 0.014 0.012 0.017 0.015 Notes to interim financial statements form an integral part of these statements. - 7 - N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2017 “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests issued and share capital Appropriated Unappropriated components Note paid-up legal reserve of equity Beginning balance as at January 1, 2017 1,245,284 577,530 68,050 574,461 - 2,465,325 - 2,465,325 Comprehensive income Profit for the period - - Other comprehensive income for the period - - Total comprehensive income for the period - - - - - 17,771 - 17,771 - - - 17,771 - 17,771 - - - 17,771 - 17,771 Ending balance as at September 30, 2017 1,245,284 577,530 68,050 592,232 - 2,483,096 - 2,483,096 Beginning balance as at January 1, 2016 1,185,985 577,530 66,750 621,256 - 2,451,521 - 2,451,521 Dividend paid - - - (6,589) - (6,589) - (6,589) Stock dividend 59,299 - - (59,299) - - - - Comprehensive income Profit for the period - - - 15,098 - 15,098 - 15,098 Other comprehensive income for the period - - - (331) - (331) - (331) Total comprehensive income for the period - - - 14,767 - 14,767 - 14,767 Ending balance as at September 30, 2016 1,245,284 577,530 66,750 570,135 - 2,459,699 - 2,459,699 Notes to interim financial statements form an integral part of these statements. N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2017 “UNAUDITED” “REVIEWED” Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total Note issued and share capital Appropriated Unappropriated components paid-up legal reserve of equity Beginning balance as at January 1, 2017 1,245,284 577,530 Comprehensive income Profit for the period - - 68,050 - 570,037 21,019 - - 2,460,901 21,019 Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 21,019 - 21,019 Ending balance as at September 30, 2017 1,245,284 577,530 68,050 591,056 - 2,481,920 Beginning balance as at January 1, 2016 1,185,985 577,530 66,750 611,864 - 2,442,129 Dividend paid - - - (6,589) - (6,589) Stock dividend Comprehensive income 59,299 - - (59,299) - - Profit for the period - - - 18,359 - 18,359 Other comprehensive income for the period - - - (325) - (325) Total comprehensive income for the period - - - 18,034 - 18,034 Ending balance as at September 30, 2016 1,245,284 577,530 66,750 564,010 - 2,453,574 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 0000 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 17,771 15,098 21,019 18,359 Add (less) Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 19,841 20,023 19,074 19,074 Unrealized gain from trading securities (3) (3) (3) (3) Allowance for doubtful account - 4,404 - 4,404 (Gain) loss from sale and amortization of fixed assets 5,875 (322) 5,875 (322) Loss from write-off account asset - 81 - - Gain from written-off accounts payable and accrued expenses - (3,444) - (3,403) Provision for compensation for housing estate juristic persons 1,265 2,283 1,265 2,283 Employee benefit expenses 3,004 2,739 2,880 2,606 Interest income (2,473) (139) (2,469) (2,141) Interest expenses 62,862 54,536 62,835 54,023 Tax expenses (income) 1,347 4,901 1,347 5,382 Income from operating activities before changes in operating assets and liabilities 109,489 100,157 111,823 100,262 Decrease (increase) in operating assets Trade accounts receivable (107) (4,431) - (4,404) Inventories 127,113 (212,596) 127,113 (212,596) Property development costs 146,611 327,935 146,611 328,124 Land held for development - (14,427) - (14,427) Deposit from purchase land - (61,418) - (61,418) Other current assets 5,264 (13,054) 2,817 (12,995) Other non-current assets (17) 1,145 (17) 1,145 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 0000 Increase (decrease) in operating liabilities Trade notes payable 9,120 23,633 9,120 23,633 Trade accounts payable and other payable (25,307) (5,920) (25,306) (4,800) Payable to related parties (13,654) 12,139 (15,359) 12,292 Accrued expenses 3,240 (21,545) 3,317 (19,774) Advance received from customers (13,132) 832 (13,132) 832 Retention from contractors 95 1,449 221 1,600 Other current liabilities (10) 66 8 (34) Cash receivable (paid) from the operations 348,705 133,965 347,216 137,440 Xxxx received from interest income 82 139 78 124 Witholding taxes refunded from Revenue Department 169 80 - - Income tax expenses paid (11,272) (14,474) (11,186) (14,378) Xxxx paid for provision for compensation for housing estate juristic persons (342) (11,703) (342) (11,703) Xxxx paid for libilities from purchasing the real estate project - (10,950) - (10,950) Net cash provided by (used in) operating activities 337,342 97,057 335,766 100,533 CASH FLOWS FROM INVESTING ACTIVITIES Cash paid for short-term loan to related parties - - - (35,500) Cash received from short-term loan to related parties - - 2,000 - Increase in short-term investments (55) 4,617 (55) 4,617 Increase in investment property - (14) - (14) Proceeds from sales of fixed assets - 350 - 350 Cash paid for purchase of fixed assets (4,910) (4,167) (4,910) (4,167) Cash paid for purchase of intangible assets (1,715) (397) (1,715) (397) Net cash provided by (used in) investing activities (6,680) 389 4,680 (35,111) Notes to interim financial statements form an integral part of these statements. “REVIEWED” - 11 - N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CASH FLOWS (CONT.) FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2017 CASH FLOWS FROM FINANCING ACTIVITIES In Thousand Baht Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 0000 Increase (decrease) in bank overdrafts and short-term loans from the financial institutions (773,285) 326,167 (773,285) 326,167 Cash paid for liabilities under finance lease agreement (625) (1,046) (625) (1,046) Cash received from short-term loan from other company 170,000 - 170,000 - Cash paid for short-term loan from other company (34,876) - (34,876) - Xxxx received from short-term loan a related party 306,000 - 306,000 - Cash paid for short-term loan from related party (30,000) - (30,000) - Xxxx received from short-term loan from the director 165,000 95,000 165,000 95,000 Cash paid for short-term loan from the directors (246,000) (159,000) (246,000) (124,000) Xxxx received from long-term loans 861,523 398,347 861,523 398,347 Cash paid for long-term loans (642,727) (673,674) (642,727) (673,674) Interest paid (81,134) (95,586) (81,134) (95,588) Dividend paid - (6,589) - (6,589) Net cash provided by (used in) financing activities (306,124) (116,381) (306,124) (81,383) Net increase (decrease) in cash and cash equivalents 24,538 (18,935) 24,962 (15,961) Cash and cash equivalents, beginning of period 13,240 29,700 10,782 24,111 Cash and cash equivalents, end of period 37,778 10,765 35,744 8,150 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 437 552 437 552 Cash at bank 37,341 10,213 35,307 7,598 Total 37,778 10,765 35,744 8,150

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. (Miss Chotima Kitsirakorn) Certified Public Accountant Registration No. 7318 Dharmniti Auditing Company Limited Bangkok, Thailand November 1312, 2019 (Miss Xxxxxxx Xxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 2021 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September As at December Notes 30, 2019 2021 31, 2018 2020 30, 2019 2021 31, 2018 2020 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 6 154,814 77,450 79,006 48,656 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 7 181,244 177,836 1,152,492 1,128,256 Unbilled revenue from construction service 38,302 - - - Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 8 6,861,572 6,424,629 5,087,119 4,370,075 Deposits for land 17 275,200 280,900 275,200 280,900 21 125,590 148,590 125,590 148,590 Short-term loans to related parties 4 5 - - 1,229,163 1,148,330 1,040,604 1,095,000 Current tax assets 26,539 7,385 11,438 - Other current financial assets 85 85 85 85 Rental deposit 5 60,000 - 60,000 - Other current assets 23,034 5,987 15,812 1,849 4,528 4,779 - - Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 7,452,674 6,840,754 7,556,334 6,790,662 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 9 1,948,257 361,433 1,948,257 349,876 Investments in subsidiaries 8 10 - - 313,000 311,000 364,000 315,000 Land held for development 8 1,738,669 2,899,938 865,082 2,027,691 Investment properties 9 478,630 451,650 433,630 412,040 11 394,614 394,614 355,814 355,814 Property, plant and equipment 316,835 341,762 274,893 308,363 333,155 352,805 323,996 334,717 Right-of-use assets 12 461,988 482,167 458,747 475,226 Prepaid rental expenses 121,381 127,773 121,381 127,773 104,290 110,682 104,290 110,682 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 13 1,657,134 1,559,882 1,657,134 1,559,882 Intangible assets 15,383 18,675 13,495 16,406 8,182 10,213 6,909 8,565 Deferred tax assets 78,405 49,894 14,178 6,091 43,856 44,514 30,713 29,076 Rental deposit 4 5 - 60,000 - 60,000 60,000 60,000 Retention receivables from construction 29,975 6,226 - - Other non-current assets 31,887 50,039 22,837 39,892 29,101 20,797 11,598 10,653 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 6,749,221 6,303,271 6,126,540 5,637,182 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 14,201,895 13,144,025 13,682,874 12,427,844 Notes to interim financial statements form an integral part of these statements.. In Thousand Baht Consolidated Separate

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13August 9, 2019 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at September June As at December As at September June As at December Notes 30, 2019 31, 2018 30, 2019 31, 2018 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 17,118 29,219 14,675 26,623 Short-term loans investments 989 946 749 706 Trade accounts receivable 91 - - - Short-term loan to related parties 4 - - 1,229,163 1,148,330 - - Inventories 5 237,061 311,754 237,061 311,754 Property development costs 6 1,513,026 1,597,714 1,513,026 1,597,714 Land held for development 7 1,980,884 1,954,096 1,907,476 1,880,688 Other current assets 23,034 5,987 15,812 1,849 4 8,311 11,816 8,213 11,861 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 3,757,480 3,905,545 3,681,200 3,829,346 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 268,272 194,844 262,084 188,667 Investments 8 10,000 9,242 10,000 9,242 Investment in subsidiaries 8 9 - - 313,000 311,000 71,864 71,864 Investment properties 9 478,630 451,650 433,630 412,040 property 10 191,047 194,086 191,047 194,086 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 11 102,629 106,705 102,597 106,698 Intangible assets 15,383 18,675 13,495 16,406 12 4,399 4,764 4,399 4,764 Witholding tax 12,671 11,178 12,577 10,989 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 asstes 21 15,416 14,095 13,694 12,374 Other non-current assets 31,887 50,039 22,837 39,892 3,423 4,012 3,224 4,012 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 339,585 344,082 409,402 414,029 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,097,065 4,249,627 4,090,602 4,243,375 Notes to interim financial statements form an integral part of these statements.

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 15, 2019 2023 (Miss Xxxxxxx XxxxxxxxxxxxXxxxxxxxxx Xxxxxxxxx) Certified Public Accountant Registration No. 6838 10142 "UNAUDITED" "REVIEWED" - 2 - VIBHAVADI MEDICAL CENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30MARCH 31, 2019 2023 ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at September March As at December As at September March As at December Notes 30, 2019 31, 2018 30, 2019 2023 31, 2018 CURRENT ASSETS 2022 31, 2023 31, 2022 Current assets Cash and cash equivalents 56,506 85,918 33,843 60,966 5 441,942,005 434,777,362 105,415,949 128,008,454 Trade receivables 4, 6 369,002,819 380,930,481 141,037,527 168,816,802 Accrued revenues from hospital operations 6 455,824,284 607,523,898 4,947,276 27,543,958 Accrued dividend income 4 48,434,270 - 244,223,400 - Short-term loans to related parties 4, 7 214,300,000 203,300,000 190,300,000 193,300,000 Current investment 80 84 80 84 Trade and portion of long-term loans to other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 Shortpersons 1,740,000 1,750,000 - - Inventories 8 200,155,730 200,359,025 55,889,849 54,047,661 Other current financial assets 4, 10 1,203,574,396 1,172,440,000 1,185,630,000 1,172,440,000 Other current assets 4 70,871,943 63,557,710 9,724,382 12,672,039 Total current assets 3,005,845,447 3,064,638,476 1,937,168,383 1,756,828,914 Non-current assets Fixed deposits pledged as collateral 9 56,885,045 56,845,775 - - Other non-current financial assets 4, 10 13,513,519,702 15,015,681,726 8,523,058,691 9,957,772,291 Investments in associates 11 3,127,781,840 3,108,220,752 1,681,240,043 1,681,240,043 Investments in subsidiaries 12 - - 1,662,247,659 1,662,247,659 Long-term loans to related parties 4 - - 1,229,163 1,148,330 Other current assets 23,034 5,987 15,812 1,849 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments in subsidiaries 8 24,000,000 - - 313,000 311,000 Long-term loans to other persons 59,846,857 38,281,857 - - Investment properties 9 478,630 451,650 433,630 412,040 property 13 427,298,295 431,573,262 354,834,727 358,569,763 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 14 8,302,194,988 8,386,044,993 1,077,496,357 1,086,159,299 Right-of-use assets 15 23,427,752 24,982,402 11,577,283 12,503,081 Goodwill 729,236,989 729,236,989 - - Intangible assets 15,383 18,675 13,495 16,406 21,436,377 15,684,390 3,625,265 4,012,015 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 16 9,437,704 9,433,219 - - Advance payment for assets 5,723,162 5,977,645 - - Other non-current assets 31,887 50,039 22,837 39,892 12,779,077 11,921,036 2,321,443 2,003,359 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 26,289,567,788 27,857,884,046 13,316,401,468 14,764,507,510 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 29,295,413,235 30,922,522,522 15,253,569,851 16,521,336,424 Notes to the interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" - 3 - VIBHAVADI MEDICAL CENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2023

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13August 9, 2019 2017 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at September June As at December As at September June As at December Notes 30, 2019 2017 31, 2018 2016 30, 2019 2017 31, 2018 CURRENT ASSETS 2016 Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 34,475 13,240 32,683 10,782 Short-term loans investments 000 000 000 000 Short-term loan to related parties 4 - - 1,229,163 1,148,330 55,000 57,000 Inventories 5 514,963 622,874 514,963 622,874 Property development costs 6 2,552,154 2,608,548 2,552,154 2,608,548 Land held for development 7 1,499,497 1,464,839 1,426,089 1,391,431 Other current assets 23,034 5,987 15,812 1,849 4 11,059 20,336 15,394 23,221 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 4,612,846 4,730,533 4,596,981 4,714,552 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 268,272 194,844 262,084 188,667 Investments 8 8,260 8,223 8,260 8,223 Investment in subsidiaries 8 9 - - 313,000 311,000 11,864 11,864 Investment properties 9 478,630 451,650 433,630 412,040 property 10 209,210 214,237 209,210 214,237 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 11 111,754 123,737 110,970 122,438 Intangible assets 15,383 18,675 13,495 16,406 12 6,008 4,930 6,008 4,930 Witholding tax 8,752 6,756 8,390 6,457 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 asstes 20 5,498 4,569 3,777 2,848 Other non-current assets 31,887 50,039 22,837 39,892 4,131 4,091 4,131 4,092 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 353,613 366,543 362,610 375,089 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,966,459 5,097,076 4,959,591 5,089,641 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2017 31, 2016 30, 2017 31, 2016 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 13 417,700 1,171,188 417,700 1,171,188 Trade notes payable 39,108 47,494 39,108 47,494 Trade accounts payable and other payable 84,345 106,749 84,345 106,748 Payable to related parties 4 44,110 39,333 45,727 42,655 Accrued expenses 4 30,644 15,287 29,462 14,115 Current portion of liabilities under the finance lease agreement 14 798 829 798 829 Current portion of long-term loan from the financial institutions 15 204,084 329,998 204,084 329,998 Short-term loan from related parties 4 306,000 - 306,000 - Short-term loan from the director 4 - 81,000 - 81,000 Advance received from customers 11,141 23,654 11,141 23,653 Retention from contractors 80,006 80,311 79,748 79,927 Other current liabilities 472 496 400 409 Total current liabilities 1,218,408 1,896,339 1,218,513 1,898,016 NON-CURRENT LIABILITIES Liabilities under the finance lease agreement 14 455 840 455 840 Long-term loans from the financial institutions 15 1,185,678 647,696 1,185,678 647,696 Employee benefit obligations 16 42,481 39,885 41,235 38,740 Provision for compensation for housing estate juristic persons 17 15,382 14,844 15,382 14,844 Liabilities from purchasing the real estate project 18 32,147 32,147 28,604 28,604 Total non-current liabilities 1,276,143 735,412 1,271,354 730,724 TOTAL LIABILITIES 2,494,551 2,631,751 2,489,867 2,628,740 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note As at June As at December As at June As at December 30, 2017 31, 2016 30, 2017 31, 2016 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 68,050 68,050 68,050 68,050 Unappropriated 581,044 574,461 578,860 570,037 Other components of equity - - - - Total equity attributable to company's shareholders 2,471,908 2,465,325 2,469,724 2,460,901 Non-controlling interests - - - - TOTAL SHAREHOLDER’S EQUITY 2,471,908 2,465,325 2,469,724 2,460,901 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 4,966,459 5,097,076 4,959,591 5,089,641 Notes to interim financial statements form an integral part of these statements. Sales 349,940 469,719 349,940 469,719 Rental income and service 5,447 5,121 4,469 4,058 Other income 4 3,001 2,701 3,680 3,556 Total Revenues 358,388 477,541 358,089 477,333 XPENSES Cost of sales 4 239,104 306,468 239,104 306,468 Cost for rent and service 5,631 5,139 4,126 4,204 Selling expenses 44,180 47,952 44,180 47,952 Administrative expenses 4 42,205 45,164 42,456 44,597 Management benefit expenses 4 7,916 7,655 7,916 7,655 Finance costs 4 15,224 22,943 15,215 22,937 Total Expenses 354,260 435,321 352,997 433,813 ncome (loss) before tax expenses 4,128 42,220 5,092 43,520 ax expenses (income) 20 2,860 8,768 2,860 8,928 ofit (loss) for the period ther comprehensive income 1,268 33,452 2,232 34,592 E I T Pr O Items that will not be reclassified to profit or loss Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 1,268 33,452 2,232 34,592 Profit (loss) attributable to Shareholders' equity of the parent company 1,268 33,452 2,232 34,592 Non-controlling interests - - - - 1,268 33,452 2,232 34,592 Total comprehensive income attributable to Shareholders' equity of the parent company 1,268 33,452 2,232 34,592 Non-controlling interests - - - - 1,268 33,452 2,232 34,592 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 19 Profit (loss) for the period (Baht per share) 0.001 0.027 0.001 0.028 Notes to interim financial statements form an integral part of these statements. Sales 704,448 784,003 704,448 784,003 Rental income and service 10,144 10,622 8,275 8,437 Other income 4 4,855 9,112 6,357 10,285 Total Revenues 719,447 803,737 719,080 802,725 XPENSES Cost of sales 4 473,936 524,903 473,936 525,091 Cost for rent and service 10,886 11,054 8,504 9,143 Selling expenses 88,198 91,158 88,198 91,158 Administrative expenses 4 87,551 89,533 87,344 88,461 Management benefit expenses 4 15,899 15,209 15,899 15,209 E Finance costs 4 31,821 44,563 31,803 44,059 Total Expenses 708,291 776,420 705,684 773,121 Share of profit from investment in an associated company - - - - Income (loss) before tax expenses 11,156 27,317 13,396 29,604 Tax expenses (income) 20 4,573 6,124 4,573 6,445 Profit (loss) for the period 6,583 21,193 8,823 23,159 Other comprehensive income Items that will not be reclassified to profit or loss Actuarial loss from post-employee benefit, net of income tax 16 - (331) - (325) Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 6,583 20,862 8,823 22,834 Profit (loss) attributable to Shareholders' equity of the parent company 6,583 21,193 8,823 23,159 Non-controlling interests - - - - 6,583 21,193 8,823 23,159 Total comprehensive income attributable to Shareholders' equity of the parent company 6,583 20,862 8,823 22,834 Non-controlling interests - - - - 6,583 20,862 8,823 22,834 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 19 Profit (loss) for the period (Baht per share) 0.005 0.017 0.007 0.019 Notes to interim financial statements form an integral part of these statements. - 7 - N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2017 “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests issued and share capital Appropriated Unappropriated components Note paid-up legal reserve of equity Beginning balance as at January 1, 2017 1,245,284 577,530 68,050 574,461 - 2,465,325 - 2,465,325 Comprehensive income Profit for the period - - - 6,583 - 6,583 - 6,583 Other comprehensive income for the period - - Total comprehensive income for the period - - - - - 6,583 - - - 6,583 - - - 6,583 Ending balance as at June 30, 2017 1,245,284 577,530 68,050 581,044 - 2,471,908 - 2,471,908 Beginning balance as at January 1, 2016 1,185,985 577,530 66,750 621,256 - 2,451,521 - 2,451,521 Dividend paid - - - (6,589) - (6,589) - (6,589) Stock dividend 59,299 - - (59,299) - - - - Total comprehensive income for the period - - - 20,862 - 20,862 - 20,862 Ending balance as at June 30, 2016 1,245,284 577,530 66,750 576,230 - 2,465,794 - 2,465,794 Notes to interim financial statements form an integral part of these statements. N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2017 “UNAUDITED” “REVIEWED” In ThousandBaht Separate Financial Statements Share capital Premium on Retained earnings Other Total Note issued and share capital Appropriated Unappropriated components paid-up legal reserve of equity Beginning balance as at January 1, 2017 1,245,284 577,530 Comprehensive income Profit for the period - - 68,050 - 570,037 8,823 - - 2,460,901 8,823 Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 8,823 - 8,823 Ending balance as at June 30, 2017 1,245,284 577,530 68,050 578,860 - 2,469,724 Beginning balance as at January 1, 2016 1,185,985 577,530 66,750 611,864 - 2,442,129 Dividend paid - - - (6,589) - (6,589) Stock dividend 59,299 - - (59,299) - - Total comprehensive income for the period - - - 22,834 - 22,834 Ending balance as at June 30, 2016 1,245,284 577,530 66,750 568,810 - 2,458,374 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 0000 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 6,583 21,193 8,823 23,159 Add (less) Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 13,494 13,266 12,979 12,626 Unrealized gain from trading securities (2) (2) (2) (2) Allowance for doubtful account - 4,404 - 4,404 (Gain) loss from sale and amortization of fixed assets 5,875 (322) 5,875 (322) Loss from write-off account asset - 81 - - Gain from written-off accounts payable and accrued expenses - (3,444) - (3,403) Provision for compensation for housing estate juristic persons 880 1,897 880 1,897 Employee benefit expenses 2,002 1,827 1,920 1,738 Interest income (1,650) (96) (1,648) (1,272) Interest expenses 31,821 44,563 31,803 44,059 Tax expenses (income) 4,573 6,124 4,573 6,445 Income from operating activities before changes in operating assets and liabilities 63,576 89,491 65,203 89,329 Decrease (increase) in operating assets Trade accounts receivable (152) (4,441) - (4,404) Inventories 107,912 (284,634) 107,912 (284,634) Property development costs 148,072 371,990 148,072 372,178 Land held for development (87,438) (628) (87,438) (628) Deposit from purchase land - (54,918) - (54,918) Other current assets 2,742 (13,703) 1,140 (13,687) Other non-current assets (40) 1,295 (40) 1,295 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 0000 Increase (decrease) in operating liabilities Trade notes payable (8,387) (12,648) (8,387) (12,648) Trade accounts payable and other payable (22,403) (3,139) (22,403) (2,121) Payable to related parties 4,777 11,374 3,073 11,278 Accrued expenses 4,222 (12,545) 4,213 (10,726) Advance received from customers (12,512) (2,913) (12,512) (2,913) Retention from contractors (305) 2,473 (179) 2,504 Other current liabilities (24) (209) (9) (209) Cash receivable (paid) from the operations 200,040 86,845 198,645 89,696 Xxxx received from interest income 18 96 15 121 Witholding taxes refunded from Revenue Department - 80 - - Income tax expenses paid (7,499) (11,530) (7,435) (11,457) Xxxx paid for provision for compensation for housing estate juristic persons (342) (11,704) (342) (11,704) Net cash provided by (used in) operating activities 192,217 63,787 190,883 66,656 CASH FLOWS FROM INVESTING ACTIVITIES Cash paid for short-term loan to related parties - - - (37,000) Cash received from short-term loan to related parties - - 2,000 - Increase in short-term investments (37) (64) (37) (64) Proceeds from sales of fixed assets - 350 - 350 Cash paid for purchase of fixed assets (1,741) (3,388) (1,741) (3,388) Cash paid for purchase of intangible assets (1,695) (398) (1,695) (398) Net cash provided by (used in) investing activities (3,473) (3,500) (1,473) (40,500) Notes to interim financial statements form an integral part of these statements. “REVIEWED” - 11 - N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CASH FLOWS (CONT.) FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2017 CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term In Thousand Baht Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 0000 loans from the financial institutions (753,488) 257,536 (753,488) 257,536 Cash paid for liabilities under finance lease agreement (417) (729) (417) (729) Xxxx received from short-term loan a related party 306,000 - 306,000 - Xxxx received from short-term loan from the director 74,000 20,000 74,000 20,000 Cash paid for short-term loan from the directors (155,000) (84,000) (155,000) (49,000) Xxxx received from long-term loans 1,431,507 229,169 1,431,507 229,169 Cash paid for long-term loans (1,019,439) (422,882) (1,019,439) (422,882) Interest paid (50,672) (64,932) (50,672) (64,934) Dividend paid - (6,589) - (6,589) Net cash provided by (used in) financing activities (167,509) (72,427) (167,509) (37,429) Net increase (decrease) in cash and cash equivalents 21,235 (12,140) 21,901 (11,273) Cash and cash equivalents, beginning of period 13,240 29,700 10,782 24,111 Cash and cash equivalents, end of period 34,475 17,560 32,683 12,838 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 000 000 000 542 Cash at bank 34,028 17,018 32,236 12,296 Total 34,475 17,560 32,683 12,838 Notes to interim financial statements form an integral part of these statements. N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO INTERIM FINANCIAL STATEMENTS JUNE 30, 2017

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 9, 2019 2022 (Miss Xxxxxxx XxxxxxxxxxxxNitinee Kittikunapong) Certified Public Accountant Registration No. 6838 STATEMENT 8843 “UNAUDITED” “REVIEWED” N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF FINANCIAL POSITION AS AT SEPTEMBER 30MARCH 31, 2019 2022 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at September March As at December As at September March As at December Notes 30, 2019 31, 2018 30, 2019 2022 31, 2018 CURRENT ASSETS 2021 31, 2022 31, 2021 Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 163,135 94,055 149,798 87,094 Trade and other current receivables 5,6 14,707 11,870 13,177 9,912 Short-term to related parties 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under - - 38,500 38,500 Inventories 7 134,728 113,324 122,653 105,580 Property development 6 11,663,681 11,491,580 8,524,233 8,554,629 costs 8 2,279,493 2,028,606 2,309,347 2,050,374 Land held for development 9 686,568 853,307 686,568 853,307 Deposits for land 17 275,200 280,900 275,200 280,900 Short-term loans to related parties 4 - - 1,229,163 1,148,330 29,312 35,459 29,312 35,459 Other current financial assets 835 835 591 590 Other current assets 23,034 5,987 15,812 1,849 1,306 3,074 1,449 1,658 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 3,310,084 3,140,530 3,351,395 3,182,474 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments Other non-current financial assets 10 19,473 24,395 19,473 24,395 Investment in subsidiaries 8 11 - - 313,000 311,000 86,864 86,864 Investment properties 9 478,630 451,650 433,630 412,040 property 12 214,156 216,603 214,156 216,603 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 13 99,929 74,933 51,356 43,071 Right-of-use assets 14 8,869 8,891 8,869 8,891 Intangible assets 15,383 18,675 13,495 16,406 15 3,469 3,668 3,146 3,344 Land held for development 9 958,555 846,597 885,974 774,016 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 16 8,821 12,849 5,847 10,155 Other non-current assets 31,887 50,039 22,837 39,892 4,726 3,823 3,310 3,330 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 1,317,998 1,191,759 1,278,995 1,170,669 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,628,082 4,332,289 4,630,390 4,353,143 Notes to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2022

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 1311, 2019 2020 (Miss Xxxxxxx XxxxxxxxxxxxXxxxxxxxxx Xxxxxxxxx) Certified Public Accountant Registration No. 6838 9012 "UNAUDITED" "REVIEWED" SIKARIN PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 2020 ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at September As at December As at September As at December Notes 30, 2019 2020 31, 2018 2019 30, 2019 2020 31, 2018 CURRENT ASSETS 2019 (Reclassified (Reclassified Note Note 32) Note 32) Current assets Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 132,249,777 198,136,520 49,917,256 37,309,752 Short-term investments in fixed deposit - 1,004 - 1,004 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 5, 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 353,522,285 390,083,564 253,831,685 304,573,630 Short-term loans to related parties 4 subsidiary 5 - - 1,229,163 1,148,330 3,769,741 - Accrued income 7 278,239,509 186,543,997 243,302,639 177,871,722 Inventories 8 157,207,326 124,420,015 126,212,189 94,289,158 Other current assets 23,034 5,987 15,812 1,849 2,684,828 2,898,686 2,682,764 2,773,317 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 NON923,903,725 902,083,786 679,716,274 616,818,583 Non-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 current assets Investment in subsidiaries 9 - - 1,392,744,103 1,392,744,103 Investments in subsidiaries 8 related company 10 - - 313,000 311,000 - - Long-term loans to subsidiary company 5 - - - 33,014,097 Investment properties 9 478,630 451,650 433,630 412,040 property 11 43,625,011 70,855,055 12,961,234 5,282,511 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 12 4,272,846,080 4,456,506,475 2,912,117,557 3,032,707,563 Right-of-use assets 13 486,416,825 - 387,846,137 - Intangible assets 15,383 18,675 13,495 16,406 Deferred 14 38,222,585 21,458,599 35,132,901 18,118,132 Leasehold right 15 - 59,296,961 - 59,296,961 Goodwill 326,167,591 326,167,591 - - Deffered tax assets 78,405 49,894 14,178 6,091 Rental 16 8,375,771 5,840,108 - - Fixed deposit 4 60,000 60,000 60,000 60,000 pledged as collateral 17 2,039,058 2,032,034 - - Other non-current assets 31,887 50,039 22,837 39,892 18 8,546,142 8,974,487 3,075,355 3,075,355 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 5,186,239,063 4,951,131,310 4,743,877,287 4,544,238,722 Total assets 6,110,142,788 5,853,215,096 5,423,593,561 5,161,057,305 Notes to interim financial statements statement form an integral intergral part of these statementsstatement. "UNAUDITED" "REVIEWED" SIKARIN PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION (CONT.) AS AT SEPTEMBER 30, 2020

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 1314, 2019 2018 (Miss Xxxxxxx Xxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September As at December Notes 30, 2019 2018 31, 2018 2017 30, 2019 2018 31, 2018 2017 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 125,299 291,717 79,587 214,665 Current investment 80 84 80 83 84 83 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 63,982 94,264 607,676 575,568 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 275,200 280,900 275,200 280,900 316,462 291,600 316,462 291,600 Short-term loans to related parties 4 - - 1,229,163 1,148,330 1,347,556 1,303,804 Other current assets 23,034 5,987 15,812 1,849 188,020 90,206 172,485 75,032 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 12,855,604 12,242,141 12,037,858 11,775,679 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 201,650 229,029 193,402 229,029 Investments in subsidiaries 8 - - 313,000 311,000 302,000 Investment properties 9 478,630 451,650 433,630 412,040 454,229 454,183 416,629 416,583 Property, plant and equipment 316,835 341,762 274,893 308,363 266,995 274,242 230,569 260,498 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 129,927 136,320 129,927 136,320 Intangible assets 15,383 18,675 13,495 16,406 19,910 21,074 17,512 20,422 Deferred tax assets 78,405 49,894 14,178 6,091 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 31,887 50,039 22,837 39,892 47,737 55,565 36,620 47,482 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 1,226,925 1,267,658 1,401,612 1,483,111 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 14,082,529 13,509,799 13,439,470 13,258,790 In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September As at December Notes 30, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from financial institutions 10 298,522 347,017 289,006 347,017 Trade and other payables 287,152 318,248 708,076 698,768 from financial institutions 10 1,125,013 611,433 505,671 501,152 Short-term loans from related parties 4 - - 234,298 82,238 Current portion of long-term loans from other parties 10 111,493 111,493 111,493 111,493 Current portion of debentures 11 3,031,215 1,031,215 3,031,215 1,031,215 Current portion of financial lease liabilities 16,886 16,971 15,953 15,968 Construction retentions 157,599 177,910 132,129 146,793 Unrecognised income on installments due 548,013 229,563 547,751 229,226 Income tax payable 9,608 13,533 4,512 11,415 Other current liabilities 74,681 62,001 31,764 21,552 Total current liabilities 5,660,182 2,919,384 5,611,868 3,196,837 NON-CURRENT LIABILITIES Long-term loans from financial institutions 10 801,675 1,031,767 605,930 963,496 Long-term loans from related party 4 - - 9,700 9,700 Debentures 11 3,951,226 5,944,850 3,951,226 5,944,850 Financial lease liabilities 25,979 23,633 22,888 23,363 Utilities guarantees 2,261 2,485 2,261 2,485 Employee benefit obligations 55,213 50,546 23,272 21,081 Long-term lease agreement obligation Provision for litigation 12 87,298 - 66,622 - 87,298 - 66,622 - Other non-current liabilities 110,562 130,040 82,669 99,170 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion of long-term loans In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September As at December Notes 30, 2018 31, 2017 30, 2018 31, 2017 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised share capital 1,200,000 1,200,000 1,200,000 1,200,000 Issued and paid-up share capital 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS Appropriated Legal reserve 80,874 80,874 80,874 80,874 Unappropriated 1,658,049 1,610,388 1,312,274 1,201,102 TOTAL SHAREHOLDERS' EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 Consolidated Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale of real estate 1,018,352 1,390,665 816,675 1,177,177 Interest income 338 421 18,758 18,592 Other income 23,392 13,309 27,720 10,118 Total income 1,042,082 1,404,395 863,153 1,205,887 EXPENSES 4 Cost of sale of real estate 636,372 951,939 497,081 810,185 Selling expenses 145,501 142,834 120,436 120,692 Special Business Tax and transferred fee 38,959 54,436 31,280 46,305 Administrative expenses 135,913 135,115 103,969 107,482 Finance costs 56,529 59,837 55,101 60,374 Total expenses 1,013,274 1,344,161 807,867 1,145,038 Profit (loss) before income tax expense 28,808 60,234 55,286 60,849 Income tax expense 11,821 14,810 13,695 12,970 PROFIT (LOSS) FOR THE PERIOD 16,987 45,424 41,591 47,879 Other comprehensive income for the period - - - - TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 16,987 45,424 41,591 47,879 Consolidated Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 Profit (loss) attributable to interim Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 Total comprehensive income attributable to Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY Profit (loss) for the period (Baht per share) 15 0.02 0.05 0.04 0.05 Consolidated Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale of real estate 3,019,231 3,595,082 2,444,840 2,923,309 Interest income 1,786 3,704 57,236 61,823 Reversal of provision for litigation 12 - 11,500 - 11,500 Other income 79,327 72,658 102,895 55,955 Total income 3,100,344 3,682,944 2,604,971 3,052,587 EXPENSES 4 Cost of sale of real estate 1,895,001 2,406,915 1,508,803 1,970,049 Selling expenses 392,687 408,882 322,037 332,809 Special Business Tax and tranferred fee 115,505 139,274 93,650 113,612 Administrative expenses 403,439 405,865 317,824 325,687 Finance costs 168,262 192,142 167,929 195,033 Total expenses 2,974,894 3,553,078 2,410,243 2,937,190 Profit (loss) before income tax expense 125,450 129,866 194,728 115,397 Income tax expense 38,591 39,515 44,358 30,319 PROFIT (LOSS) FOR THE PERIOD 86,859 90,351 150,370 85,078 Other comprehensive income for the period - - - - TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 86,859 90,351 150,370 85,078 Consolidated Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 Profit (loss) attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 Total comprehensive income attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY Profit (loss) for the period (Baht per share) 15 0.09 0.09 0.15 0.09 Consolidated Financial Statements Issued and Premium Retained Earnings Total Note Paid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance as at January 1, 2017 980,000 669,210 71,904 1,593,352 3,314,466 Dividend Comprehensive income for the period - - - (48,997) (48,997) Profit for the period - - - 90,351 90,351 Total comprehensive income for the period - - - 90,351 90,351 Balance as at September 30, 2017 980,000 669,210 71,904 1,634,706 3,355,820 For the nine-month period ended September 30, 2018 Balance as at January 1, 2018 980,000 669,210 80,874 1,610,388 3,340,472 Dividend Comprehensive income for the period Profit for the period 13 - - - - - - (39,198) 86,859 (39,198) 86,859 Total comprehensive income for the period - - - 86,859 86,859 Balance as at September 30, 2018 980,000 669,210 80,874 1,658,049 3,388,133 Issued and Premium Separate Financial Statements Retained Earnings Total Note Paid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance as at January 1, 2017 980,000 669,210 71,904 1,090,908 2,812,022 Dividend Comprehensive income for the period Profit for the period - - - - - - (48,997) 85,078 (48,997) 85,078 Total comprehensive income for the period - - - 85,078 85,078 Balance as at September 30, 2017 980,000 669,210 71,904 1,126,989 2,848,103 For the nine-month period ended September 30, 2018 Balance as at January 1, 2018 980,000 669,210 80,874 1,201,102 2,931,186 Dividend Comprehensive income for the period Profit for the period 13 - - - - - - (39,198) 150,370 (39,198) 150,370 Total comprehensive income for the period - - - 150,370 150,370 Balance as at September 30, 2018 980,000 669,210 80,874 1,312,274 3,042,358 Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 86,859 90,351 150,370 85,078 Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) from operating activities Doubtful debt (Reverse) (263) 2,193 (65) 2,076 Allowance for decline in value of real estate projects under development (Reverse) (9,823) (11,231) (3,304) (11,231) Depreciation and amortization 48,861 47,919 46,438 43,977 Loss (gain) on disposal of equipment (266) (2,602) (33) (620) Loss of written off intangible asset - 1,170 - 1,170 Amortisation of premium on debentures 6,376 5,982 6,376 5,982 Unrealised gain on current investment (1) (1) (1) (1) Loss of written off other current asset - 1,050 - 1,050 Gain from written off construction retentions (8,215) (4,463) - (1,244) Employee benefit obligations 4,667 1,569 2,191 376 Homecare warranty and housing estate juristic persom expenses 4,256 - 3,001 - Provision for litigation (Reverse) - (11,500) - (11,500) Finance cost 168,262 192,142 167,929 195,033 Income tax expense 38,591 39,515 44,358 30,319 Interest income (1,786) (3,704) (57,236) (61,823) Profit (loss) from operations before changes in operating assets and liabilities 337,518 348,390 360,024 278,642 Changes in operating assets and liabilities (increase) decrease Trade and other receivables 30,545 (19,718) 23,555 (12,973) Real estate projects under development (248,547) 405,135 209,530 492,788 Deposits for land (183,042) (37,210) (206,042) (37,210) Other current assets (94,539) (27,182) (97,412) (21,899) Other non-current assets 7,828 (2,867) 10,862 (4,231) Trade and other payables (34,354) 44,368 1,041 69,474 Construction retentions (12,096) (20,012) (14,664) (9,722) Consolidated Separate Financial Statements Financial Statements C C 2018 2017 2018 2017 Unrecognised income on installments due 318,450 80,246 318,525 79,180 Other current liabilities 11,020 1,775 9,033 424 Utilities guarantee (224) (3,483) (224) (3,483) Other non-current liabilities (22,074) (6,790) (18,323) (3,904) Cash from operating activities 110,485 762,652 595,905 827,086 Income tax paid (55,023) (69,735) (46,478) (29,626) Net cash provided by (used in) operating activities 55,462 692,917 549,427 797,460 ASH FLOWS FROM INVESTING ACTIVITIES Interest received 1,786 3,704 1,638 3,503 (Increase) decrease in deposits at banks used as collateral 27,379 746 35,627 746 (Increase) decrease in short-term loans from related parties - - (20,752) 121,886 Investment in subsidiaries increaseed the capital - - (9,000) - Purchase of investment properties (46) (765) (46) (765) Purchase of equipments (30,043) (20,940) (6,629) (18,192) Received from disposal of equipment 266 2,666 33 683 Purchase of intangible assets (2,710) (1,779) (841) (1,495) Net cash provided by (used in) investing activities (3,368) (16,368) 30 106,366 ASH FLOWS FROM FINANCING ACTIVITIES Finance costs paid (400,734) (441,309) (373,568) (439,970) Dividend (39,198) (48,997) (39,198) (48,997) Increase (decrease) in bank overdrafts and short-term loans from financial statements form an integral institutions (48,495) (1,157,903) (58,011) (1,148,844) Increase (decrease) in short-term loans from related parties - - 152,060 (112,990) Proceed from long-term loans from financial institutions 1,797,915 1,937,464 1,024,244 1,727,977 Repayment of long-term loans from financial institutions (1,514,427) (1,493,490) (1,377,291) (1,378,710) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures - (1,606,300) - (1,606,300) Transaction cost from issue of debenture - (13,998) - (13,998) Repayment of finance lease liabilities (13,573) (24,102) (12,771) (21,272) Net cash provided by (used in) financing activities (218,512) (694,135) (684,535) (888,604) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase (decrease) in cash and cash equivalents (166,418) (17,586) (135,078) 15,222 Cash and cash equivalents as at January 1, 291,717 321,473 214,665 195,508 Cash and cash equivalents as at September 30, 125,299 303,887 79,587 210,730 Non-cash transactions Acquisition of equipments under finance leases 15,833 2,864 12,281 2,864 Acquisition of intangible under finance leases - 649 - 649 Depreciation expense which include real estate project under development 14,529 22,500 12,543 19,193 Acquisition cost which is included as a part of these statements.real eatate under development cost during the period 227,818 220,181 207,635 226,967 AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2018

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November August 13, 2019 2021 (Miss Xxxxxxx XxxxxxxxxxxxChotima Kitsirakorn) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 7318 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September June As at December As at September June As at December Notes 30, 2019 2021 31, 2018 2020 30, 2019 2021 31, 2018 2020 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 183,120 77,450 73,713 48,656 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 6 150,205 177,836 1,137,907 1,128,256 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 7 7,075,035 6,424,629 5,278,371 4,370,075 Deposits for land 17 275,200 280,900 275,200 280,900 20 124,590 148,590 124,590 148,590 Short-term loans to related parties 4 5 - - 1,229,163 1,148,330 1,036,169 1,095,000 Current tax assets 19,996 7,385 7,717 - Other current financial assets 85 85 85 85 Other current assets 23,034 5,987 15,812 1,849 4,591 4,779 - - Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 7,557,622 6,840,754 7,658,552 6,790,662 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 8 342,128 361,433 342,128 349,876 Investments in subsidiaries 8 9 - - 313,000 311,000 364,000 315,000 Land held for development 7 1,737,774 2,899,938 865,082 2,027,691 Investment properties 9 478,630 451,650 433,630 412,040 10 394,614 394,614 355,814 355,814 Property, plant and equipment 316,835 341,762 274,893 308,363 340,273 352,805 326,564 334,717 Right-of-use assets 11 472,015 482,167 466,418 475,226 Prepaid rental expenses 121,381 127,773 121,381 127,773 106,444 110,682 106,444 110,682 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 12 1,623,075 1,559,882 1,623,075 1,559,882 Intangible assets 15,383 18,675 13,495 16,406 8,839 10,213 7,440 8,565 Deferred tax assets 78,405 49,894 14,178 6,091 44,245 44,514 30,952 29,076 Rental deposit 4 5 60,000 60,000 60,000 60,000 Other non-current assets 31,887 50,039 22,837 39,892 53,674 27,023 10,561 10,653 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 5,183,081 6,303,271 4,558,478 5,637,182 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 12,740,703 13,144,025 12,217,030 12,427,844 Notes to interim financial statements form an integral part of these statements.

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 11, 2019 2020 (Miss Xxxxxxx XxxxxxxxxxxxXxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT 7318 THE STATEMENTS OF FINANCIAL POSITION AS AT SEPTEMBER 30MARCH 31, 2019 2020 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at September March As at December As at September March As at December Notes 3031, 2020 31, 2019 31, 2018 302020 31, 2019 31, 2018 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 43,682 27,210 38,724 19,195 Short-term investments 956 954 713 712 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under 7 11,155 7,108 10,233 6,216 Inventories 8 173,034 172,056 172,965 171,983 Property development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits costs 9 1,835,146 1,890,016 1,835,146 1,890,016 Land held for land 17 275,200 280,900 275,200 280,900 Short-term loans to related parties 4 - - 1,229,163 1,148,330 development 10 1,652,259 1,673,191 1,578,851 1,599,783 Other current assets 23,034 5,987 15,812 1,849 1,662 1,919 1,662 1,939 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 3,717,894 3,772,454 3,638,294 3,689,844 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments Restricted deposits with financial institutions 11 14,326 13,821 14,326 13,821 Investment in subsidiaries 8 12 - - 313,000 311,000 83,115 79,364 Investment properties 9 478,630 451,650 433,630 412,040 property 13 200,423 192,201 200,423 192,201 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 14 94,261 94,147 84,647 85,650 Right-of-use assets 15 12,685 - 12,685 - Intangible assets 15,383 18,675 13,495 16,406 16 4,489 4,653 4,371 4,528 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 17 15,001 14,645 13,279 12,923 Other non-current assets 31,887 50,039 22,837 39,892 11,045 10,778 10,987 10,658 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 352,230 330,245 423,833 399,145 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,070,124 4,102,699 4,062,127 4,088,989 Notes to interim financial statements form an integral part of these statements.

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 11, 2019 2023 (Miss Xxxxxxx XxxxxxxxxxxxXxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 7318 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September March As at December As at September March As at December Notes 30, 2019 31, 2018 30, 2019 2023 31, 2018 2022 31, 2023 31, 2022 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 6 82,482 135,106 33,263 72,721 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 - - Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 17 275,200 280,900 275,200 280,900 10 - - - - Short-term loans to related parties 4 5 - - 1,229,163 1,148,330 1,347,446 1,341,613 Current tax assets 9,132 30,261 2,783 16,195 Other current financial assets 86 86 86 86 Other current assets 23,034 5,987 15,812 1,849 3,331 3,331 - - Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 7,170,950 7,232,232 7,013,339 7,070,692 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 15.8, 15.9 589,749 544,839 589,749 544,839 Investments in subsidiaries 8 11 - - 313,000 311,000 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 Investment properties 9 478,630 451,650 433,630 412,040 554,904 554,904 516,104 516,104 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 12 611,239 614,707 609,647 612,887 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 14 2,266,279 2,146,541 - - Intangible assets 15,383 18,675 13,495 16,406 4,871 5,477 4,254 4,724 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - Other non-current assets 31,887 50,039 22,837 39,892 83,734 53,533 37,617 21,480 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 6,241,861 6,037,660 5,631,043 5,575,195 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 13,412,811 13,269,892 12,644,382 12,645,887 Notes to interim financial statements form an integral part of these statements.. In Thousand Baht Consolidated Separate

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 1312, 2019 2018 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at September As at December As at September As at December 30, 2018 31, 2017 30, 2018 31, 2017 Cash and cash equivalents 18,445 21,952 16,550 19,753 Short-term investments 704 702 704 702 Trade accounts receivable 88 64 - - Short-term loan to related parties 4 - - - 55,000 Inventories 5 386,984 486,362 386,984 486,362 Property development costs 6 1,810,214 2,089,624 1,810,214 2,089,624 Land held for development 7 1,911,279 1,793,635 1,837,871 1,720,227 Other current assets 4 10,524 9,069 10,584 15,227 Total current assets 4,138,238 4,401,408 4,062,907 4,386,895 NON-CURRENT ASSETS Deposit pledged as collateral 8 9,217 9,157 9,217 9,157 Investment in subsidiaries 9 - - 71,864 11,864 Investment property 10 196,518 204,100 196,518 204,100 Property, plant and equipment 11 110,019 117,765 110,011 117,733 Intangible assets 12 5,033 5,752 5,033 5,752 Witholding tax 11,167 17,989 10,989 17,754 Deferred tax asstes 21 5,293 4,936 3,571 3,214 Other non-current assets 3,684 4,114 3,684 4,114 Total non-current assets 340,931 363,813 410,887 373,688 TOTAL ASSETS 4,479,169 4,765,221 4,473,794 4,760,583 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December Notes Note 30, 2019 2018 31, 2018 2017 30, 2019 2018 31, 2018 2017 CURRENT ASSETS Cash LIABILITIES Bank overdrafts and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 Shortshort-term loans from the financial institutions 13 488,951 404,185 488,951 404,185 Trade notes payable 25,862 48,970 25,862 48,970 Trade accounts payable and other payable 66,761 85,714 66,525 85,714 Payable to related parties 4 42,633 42,641 44,331 44,285 Accrued expenses 4 26,151 38,228 26,050 37,112 Corporate income tax payable 384 - 384 - 1,229,163 1,148,330 Current portion of liabilities under the finance lease agreement Current portion of long-term loan from 14 210 821 210 821 the financial institutions 15 215,036 146,111 215,036 146,111 Short-term loan from other company 16 105,228 162,125 105,228 162,125 Short-term loan from related parties 4 273,000 276,000 273,000 276,000 Short-term loan from the director 4 3,000 16,900 - 16,900 Advance received from customers 4,303 5,856 4,303 5,856 Retention from contractors 76,930 81,796 76,671 81,537 Other current assets 23,034 5,987 15,812 1,849 liabilities 7 101,619 521 101,514 443 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 liabilities 1,430,068 1,309,868 1,428,065 1,310,059 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments in subsidiaries 8 LIABILITIES Liabilities under the finance lease agreement 14 - 14 - 313,000 311,000 Investment properties 9 478,630 451,650 433,630 412,040 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 Intangible assets 15,383 18,675 13,495 16,406 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 Other non14 Long-current assets 31,887 50,039 22,837 39,892 term loans from the financial institutions 15 430,300 879,590 430,300 879,590 Employee benefit obligations 17 41,189 38,009 39,958 36,904 Provision for compensation for housing estate juristic persons 18 19,085 16,255 19,085 16,255 Liabilities from purchasing the real estate project 19 32,147 32,147 28,604 28,604 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 liabilities 522,721 966,015 517,947 961,367 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 LIABILITIES 1,952,789 2,275,883 1,946,012 2,271,426 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note As at September As at December As at September As at December 30, 2018 31, 2017 30, 2018 31, 2017 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 69,150 69,150 69,150 69,150 Unappropriated 634,416 597,374 635,818 597,193 Other components of equity - - - - Total equity attributable to company's shareholders 2,526,380 2,489,338 2,527,782 2,489,157 Non-controlling interests - - - - TOTAL SHAREHOLDER’S EQUITY 2,526,380 2,489,338 2,527,782 2,489,157 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 4,479,169 4,765,221 4,473,794 4,760,583 Notes to interim financial statements form an integral part of these statements. Sales 304,661 369,953 304,661 369,953 Rental income and service 5,714 5,386 4,365 4,193 Other income 4 3,184 2,528 3,127 3,342 Total Revenues 313,559 377,867 312,153 377,488 EXPENSES Cost of sales 4 194,337 235,405 194,337 235,405 Cost for rent and service 5,289 5,318 4,411 4,458 Selling expenses 41,185 49,111 41,185 49,111 Administrative expenses 4 35,769 41,044 35,545 40,526 Management benefit expenses 4 8,330 7,986 8,330 7,986 Finance costs 4 15,187 31,041 14,702 31,032 Total Expenses 300,097 369,905 298,510 368,518 Income (loss) before tax expenses 13,462 7,962 13,643 8,970 Tax expenses (income) 2,779 (3,226) 2,779 (3,226) Profit (loss) for the period 10,683 11,188 10,864 12,196 Other comprehensive income Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 10,683 11,188 10,864 12,196 Profit (loss) attributable to Shareholders' equity of the parent company 10,683 11,188 10,864 12,196 Non-controlling interests - - - - 10,683 11,188 10,864 12,196 Total comprehensive income attributable to Shareholders' equity of the parent company 10,683 11,188 10,864 12,196 Non-controlling interests - - - - 10,683 11,188 10,864 12,196 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Profit (loss) for the period (Baht per share) 0.009 0.009 0.009 0.010 Notes to interim financial statements form an integral part of these statements. Sales 1,098,231 1,074,401 1,098,231 1,074,401 Rental income and service 16,674 15,530 12,736 12,468 Other income 4 7,188 7,383 8,628 9,699 Total Revenues 1,122,093 1,097,314 1,119,595 1,096,568 EXPENSES Cost of sales 4 711,088 709,341 711,088 709,341 Cost for rent and service 15,817 16,204 12,974 12,962 Selling expenses 150,134 137,309 150,134 137,309 Administrative expenses 4 113,985 128,595 113,331 127,870 Management benefit expenses 4 25,391 23,885 25,391 23,885 Finance costs 4 57,091 62,862 56,507 62,835 Total Expenses 1,073,506 1,078,196 1,069,425 1,074,202 Income (loss) before tax expenses 48,587 19,118 50,170 22,366 Tax expenses (income) 21.2 11,545 1,347 11,545 1,347 Profit (loss) for the period 37,042 17,771 38,625 21,019 Other comprehensive income Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 37,042 17,771 38,625 21,019 Profit (loss) attributable to Shareholders' equity of the parent company 37,042 17,771 38,625 21,019 Non-controlling interests - - - - 37,042 17,771 38,625 21,019 Total comprehensive income attributable to Shareholders' equity of the parent company 37,042 17,771 38,625 21,019 Non-controlling interests - - - - 37,042 17,771 38,625 21,019 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Profit (loss) for the period (Baht per share) 0.030 0.014 0.031 0.017 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and share capital Appropriated Unappropriated components paid-up legal reserve of equity Beginning balance as at January 1, 2018 1,245,284 577,530 69,150 597,374 - 2,489,338 - 2,489,338 Comprehensive income Profit for the period - - Other comprehensive income for the period - - - - 37,042 - - - 37,042 - - - 37,042 - Total comprehensive income for the period - - - 37,042 - 37,042 - 37,042 Ending balance as at September 30, 2018 1,245,284 577,530 69,150 634,416 - 2,526,380 - 2,526,380 Beginning balance as at January 1, 2017 1,245,284 577,530 68,050 574,461 - 2,465,325 - 2,465,325 Comprehensive income Profit for the period - - Other comprehensive income for the period - - Total comprehensive income for the period - - - - - 17,771 - 17,771 - - - 17,771 - 17,771 - - - 17,771 - 17,771 Ending balance as at September 30, 2017 1,245,284 577,530 68,050 592,232 - 2,483,096 - 2,483,096 Notes to interim financial statements form an integral part of these statements. Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total issued and share capital Appropriated Unappropriated components 577,530 69,150 597,193 - 2,489,157 - - 38,625 - 38,625 Note paid-up legal reserve of equity Beginning balance as at January 1, 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 38,625 38,625 Ending balance as at September 30, 2018 1,245,284 577,530 69,150 635,818 2,527,782 577,530 68,050 570,037 - 2,460,901 - - 21,019 - 21,019 Beginning balance as at January 1, 2017 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 21,019 21,019 Ending balance as at September 30, 2017 1,245,284 577,530 68,050 591,056 2,481,920 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 37,042 17,771 38,625 21,019 Add (less) Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 18,016 19,841 17,992 19,074 Unrealized gain from trading securities (Gain) loss from sale and amortization of fixed assets (2) (3) (2) (3) Allowance for loss on impairment of fixed assets (reverse) 2,338 5,875 2,413 5,875 Provision for compensation for housing estate (1,889) - (1,889) - juristic persons 2,830 1,265 2,830 1,265 Employee benefit expenses 2,523 3,004 2,418 2,880 Interest income (1,558) (2,473) (1,554) (2,469) Interest expenses 57,091 62,862 56,507 62,835 Tax expenses (income) 11,545 1,347 11,545 1,347 Income from operating activities before changes in operating assets and liabilities 127,936 109,489 128,885 111,823 Decrease (increase) in operating assets Trade accounts receivable (24) (107) - - Inventories 99,378 127,113 99,378 127,113 Property development costs 272,927 146,611 272,927 146,611 Land held for development (78,774) - (78,774) - Deposit from purchase land - - - - Other current assets (7,514) 5,264 (1,416) 2,817 Other non-current assets 430 (17) 430 (17) Notes to interim financial statements form an integral part of these statements. 2018 2017 2018 2017 Increase (decrease) in operating liabilities Trade notes payable (23,108) 9,120 (23,108) 9,120 Trade accounts payable and other payable (18,953) (25,307) (19,189) (25,306) Payable to related parties (8) (13,654) 46 (15,359) Accrued expenses (6,377) 3,240 (6,375) 3,317 Advance received from customers (1,553) (13,132) (1,553) (13,132) Retention from contractors (4,866) 95 (4,866) 221 Other current liabilities 101,098 (10) 101,071 8 Cash receivable (paid) from the operations 460,592 348,705 467,456 347,216 Xxxx received from interest income 7,618 82 7,614 78 Witholding taxes refunded from Revenue Department 6,890 169 6,765 - Income tax expenses paid (11,586) (11,272) (11,519) (11,186) Xxxx paid for provision for compensation for housing estate juristic persons - (342) - (342) Net cash provided by (used in) operating activities 463,514 337,342 470,316 335,766 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - 55,000 2,000 Increase in short-term investments (60) (55) (60) (55) Proceeds from sales of fixed assets 155 - 80 - Cash paid for purchase of fixed assets (2,492) (4,910) (2,492) (4,910) Cash paid for purchase of intangible assets (81) (1,715) (81) (1,715) Cash paid for increase of capital in subsidiary - - (60,000) - Net cash provided by (used in) investing activities (2,478) (6,680) (7,553) (4,680) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. “REVIEWED” - 11 - N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CASH FLOWS (CONT.) FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2018 CASH FLOWS FROM FINANCING ACTIVITIES In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 Increase (decrease) in bank overdrafts and short-term loans from the financial institutions 84,766 (773,285) 84,766 (773,285) Cash paid for liabilities under finance lease agreement (626) (625) (626) (625) Cash received from short-term loan the other company 50,000 170,000 50,000 170,000 Cash paid for short-term loan from other company (106,897) (34,876) (106,897) (34,876) Xxxx received from short-term loan a related party 51,100 306,000 51,100 306,000 Cash paid for short-term loan a related party (54,100) (30,000) (54,100) (30,000) Xxxx received from short-term loan from the director 55,600 165,000 1,500 165,000 Xxxx paid for short-term loan from the directors (69,500) (246,000) (18,400) (246,000) Xxxx received from long-term loans 362,564 861,523 362,564 861,523 Cash paid for long-term loans (742,929) (642,727) (742,929) (642,727) Interest paid (94,521) (81,134) (92,944) (81,134) Net cash provided by (used in) financing activities (464,543) (306,124) (465,966) (306,124) Net increase (decrease) in cash and cash equivalents (3,507) 24,538 (3,203) 24,962 Cash and cash equivalents, beginning of period 21,952 13,240 19,753 10,782 Cash and cash equivalents, end of period 18,445 37,778 16,550 35,744 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 827 437 827 437 Xxxx at bank 17,618 37,341 15,723 35,307 Total 18,445 37,778 16,550 35,744 2) In the third quarter of 2018, the Company had transferred the land development cost amounted Baht 40.57 million as a part of land held for development and in the periods 2017, the Company had transferred land held for development as part of property development costs in value of Baht 385.12 million. Notes to interim financial statements form an integral part of these statements. N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2018

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 1312, 2019 2021 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 ASSETS 4752 ASSETS‌ In Thousand Baht Consolidated Separate Financial Statements Separate Financial Statements As at September As at December As at September As at December Notes 30, 2019 2021 31, 2018 2020 30, 2019 2021 31, 2018 2020 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 5 185,916 89,785 39,252 2,248 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects 4, 6 347,806 283,298 290,817 138,010 Unbilled receivables 7, 22 1,788,810 1,117,635 562,143 314,182 Accounts receivable - retention under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 construction contracts 4, 7 327,521 271,170 118,865 125,197 Advances paid to subcontractors under construction contracts 4 391,294 498,303 43,054 175,760 Construction in progress 22 167,369 329,386 75,917 182,858 Inventories 8 19,294 1,676 1,608 1,608 Short-term loans to related parties 4 18,250 - 850 50 Withholding tax deducted at source 59,264 173,259 33,349 123,410 Other current assets 43,484 44,558 16,130 14,326 Total current assets 3,349,008 2,809,070 1,181,985 1,077,649 NON-CURRENT ASSETS Restricted deposits at banks 9 3,071 32,198 222 29,350 Long-term loans to related parties 4 - - 1,229,163 1,148,330 Other current assets 23,034 5,987 15,812 1,849 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 - - Investments in subsidiaries 8 10 - - 313,000 311,000 Investment properties 9 478,630 451,650 433,630 412,040 476,248 476,198 Investments in associates 11 - - - - Investments in joint ventures 12 129,453 123,584 109,375 102,376 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 13 614,336 618,357 587,221 578,351 Right-of-use assets 14 20,861 29,622 14,935 14,485 Intangible assets 15,383 18,675 13,495 16,406 11,669 13,273 11,488 13,067 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 35,468 49,703 19,543 15,144 Other non-current assets 31,887 50,039 22,837 39,892 4,738 3,430 1,585 1,681 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 819,596 870,167 1,220,617 1,230,652 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,168,604 3,679,237 2,402,602 2,308,301 Notes to interim financial statements form an integral part of these statements. STATEMENT OF FINANCIAL POSITION (CONT.) AS AT SEPTEMBER 30, 2021 CURRENT LIABILITIES Bank overdrafts and short-term loans

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13August 10, 2019 2018 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at September June As at December As at September June As at December Notes 30, 2019 2018 31, 2018 2017 30, 2019 2018 31, 2018 CURRENT ASSETS 2017 Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 24,299 21,952 23,164 19,753 Short-term loans investments 703 702 703 702 Trade accounts receivable 43 64 - - Short-term loan to related parties 4 - - 1,229,163 1,148,330 - 55,000 Inventories 5 381,364 486,362 381,364 486,362 Property development costs 6 1,894,681 2,089,624 1,894,681 2,089,624 Land held for development 7 1,910,585 1,793,635 1,837,177 1,720,227 Other current assets 23,034 5,987 15,812 1,849 4 9,132 9,069 16,486 15,227 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 4,220,807 4,401,408 4,153,575 4,386,895 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 268,272 194,844 262,084 188,667 Investments 8 9,185 9,157 9,185 9,157 Investment in subsidiaries 8 9 - - 313,000 311,000 11,864 11,864 Investment properties 9 478,630 451,650 433,630 412,040 property 10 199,073 204,100 199,073 204,100 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 11 111,548 117,765 111,538 117,733 Intangible assets 15,383 18,675 13,495 16,406 12 5,242 5,752 5,242 5,752 Witholding tax 10,822 17,989 10,671 17,754 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 asstes 21 4,525 4,936 2,803 3,214 Other non-current assets 31,887 50,039 22,837 39,892 4,050 4,114 4,050 4,114 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 344,445 363,813 354,426 373,688 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,565,252 4,765,221 4,508,001 4,760,583 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 13 463,366 404,185 463,366 404,185 Trade notes payable 37,886 48,970 37,866 48,970 Trade accounts payable and other payable 84,212 85,714 84,212 85,714 Payable to related parties 4 34,458 42,641 36,396 44,285 Accrued expenses 4 46,028 38,228 44,838 37,112 Current portion of liabilities under the finance lease agreement Current portion of long-term loan from 14 418 821 418 821 the financial institutions 15 271,500 146,111 271,500 146,111 Short-term loan from other company 16 128,140 162,125 128,140 162,125 Short-term loan from related parties 4 221,900 276,000 221,900 276,000 Short-term loan from the director 4 70,000 16,900 15,900 16,900 Advance received from customers 4,409 5,856 4,409 5,856 Retention from contractors 84,682 81,796 84,423 81,537 Other current liabilities 2,208 521 2,099 443 Total current liabilities 1,449,207 1,309,868 1,395,467 1,310,059 NON-CURRENT LIABILITIES Liabilities under the finance lease agreement 14 - 14 - 14 Long-term loans from the financial institutions 15 510,718 879,590 510,718 879,590 Employee benefit obligations 17 40,129 38,009 38,940 36,904 Provision for compensation for housing estate juristic persons Liabilities from purchasing the real 18 17,354 16,255 17,354 16,255 estate project 19 32,147 32,147 28,604 28,604 Total non-current liabilities 600,348 966,015 595,616 961,367 TOTAL LIABILITIES 2,049,555 2,275,883 1,991,083 2,271,426 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note As at June As at December As at June As at December 30, 2018 31, 2017 30, 2018 31, 2017 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 69,150 69,150 69,150 69,150 Unappropriated 623,733 597,374 624,954 597,193 Other components of equity - - - - Total equity attributable to company's shareholders 2,515,697 2,489,338 2,516,918 2,489,157 Non-controlling interests - - - - TOTAL SHAREHOLDER’S EQUITY 2,515,697 2,489,338 2,516,918 2,489,157 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 4,565,252 4,765,221 4,508,001 4,760,583 Notes to interim financial statements form an integral part of these statements. Sales 397,626 349,940 397,626 349,940 Rental income and service 5,569 5,447 4,219 4,469 Other income 4 2,562 3,001 3,271 3,680 Total Revenues 405,757 358,388 405,116 358,089 EXPENSES Cost of sales 4 255,437 239,104 255,437 239,104 Cost for rent and service 5,162 5,631 4,270 4,126 Selling expenses 50,144 44,180 50,144 44,180 Administrative expenses 4 38,721 42,205 38,736 42,456 Management benefit expenses 4 8,496 7,916 8,496 7,916 Finance costs 4 21,952 15,224 21,860 15,215 Total Expenses 379,912 354,260 378,943 352,997 Income (loss) before tax expenses 25,845 4,128 26,173 5,092 Tax expenses (income) 6,214 2,860 6,214 2,860 Profit (loss) for the period 19,631 1,268 19,959 2,232 Other comprehensive income Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 19,631 1,268 19,959 2,232 Profit (loss) attributable to Shareholders' equity of the parent company 19,631 1,268 19,959 2,232 Non-controlling interests - - - - 19,631 1,268 19,959 2,232 Total comprehensive income attributable to Shareholders' equity of the parent company 19,631 1,268 19,959 2,232 Non-controlling interests - - - - 19,631 1,268 19,959 2,232 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Profit (loss) for the period (Baht per share) 0.016 0.001 0.016 0.001 Notes to interim financial statements form an integral part of these statements. Sales 793,570 704,448 793,570 704,448 Rental income and service 10,960 10,144 8,371 8,275 Other income 4 4,004 4,855 5,501 6,357 Total Revenues 808,534 719,447 807,442 719,080 EXPENSES Cost of sales 4 516,751 473,936 516,751 473,936 Cost for rent and service 10,528 10,886 8,563 8,504 Selling expenses 108,949 88,198 108,949 88,198 Administrative expenses 4 78,216 87,551 77,786 87,344 Management benefit expenses 4 17,061 15,899 17,061 15,899 Finance costs 4 41,904 31,821 41,805 31,803 Total Expenses 773,409 708,291 770,915 705,684 Income (loss) before tax expenses 35,125 11,156 36,527 13,396 Tax expenses (income) 8,766 4,573 8,766 4,573 Profit (loss) for the period 26,359 6,583 27,761 8,823 Other comprehensive income Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 26,359 6,583 27,761 8,823 Profit (loss) attributable to Shareholders' equity of the parent company 26,359 6,583 27,761 8,823 Non-controlling interests - - - - 26,359 6,583 27,761 8,823 Total comprehensive income attributable to Shareholders' equity of the parent company 26,359 6,583 27,761 8,823 Non-controlling interests - - - - 26,359 6,583 27,761 8,823 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and share capital Appropriated Unappropriated components paid-up legal reserve of equity Beginning balance as at January 1, 2018 1,245,284 577,530 69,150 597,374 - 2,489,338 - 2,489,338 Comprehensive income Profit for the period - - - 26,359 - 26,359 - 26,359 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 26,359 - 26,359 - 26,359 Ending balance as at June 30, 2018 1,245,284 577,530 69,150 623,733 - 2,515,697 - 2,515,697 Beginning balance as at January 1, 2017 Comprehensive income 1,245,284 577,530 68,050 574,461 - 2,465,325 - 2,465,325 Profit for the period - - - 6,583 - 6,583 - 6,583 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 6,583 - 6,583 - 6,583 Ending balance as at June 30, 2017 1,245,284 577,530 68,050 581,044 - 2,471,908 - 2,471,908 Notes to interim financial statements form an integral part of these statements. Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total issued and share capital Appropriated Unappropriated components 577,530 69,150 597,193 - 2,489,157 - - 27,761 - 27,761 Note paid-up legal reserve of equity Beginning balance as at January 1, 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 27,761 27,761 Ending balance as at June 30, 2018 1,245,284 577,530 69,150 624,954 2,516,918 577,530 68,050 570,037 - 2,460,901 - - 8,823 - 8,823 Beginning balance as at January 1, 2017 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 8,823 8,823 Ending balance as at June 30, 2017 1,245,284 577,530 68,050 578,860 2,469,724 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 26,359 6,583 27,761 8,823 Add (less) Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 11,992 13,494 11,971 12,979 Unrealized gain from trading securities (2) (2) (2) (2) (Gain) loss from sale and amortization of fixed assets 2,455 5,875 2,455 5,875 Allowance for loss on impairment of fixed assets (reverse) (800) - (800) - Provision for compensation for housing estate juristic persons 1,099 880 1,099 880 Employee benefit expenses 1,682 2,002 1,612 1,920 Interest income (1,517) (1,650) (1,515) (1,648) Interest expenses 41,904 31,821 41,805 31,803 Tax expenses (income) 8,766 4,573 8,766 4,573 Income from operating activities before changes in operating assets and liabilities 91,938 63,576 93,152 65,203 Decrease (increase) in operating assets Trade accounts receivable 21 (152) - - Inventories 104,998 107,912 104,998 107,912 Property development costs 174,301 148,072 174,301 148,072 Land held for development (75,551) (87,438) (75,551) (87,438) Deposit from purchase land - - - - Other current assets 1,191 2,742 (5) 1,140 Other non-current assets 63 (40) 63 (40) Notes to interim financial statements form an integral part of these statements. 2018 2017 2018 2017 Increase (decrease) in operating liabilities Trade notes payable (11,084) (8,387) (11,104) (8,387) Trade accounts payable and other payable (1,502) (22,403) (1,502) (22,403) Payable to related parties (8,183) 4,777 (7,889) 3,073 Accrued expenses 1,152 4,222 1,163 4,213 Advance received from customers (1,447) (12,512) (1,447) (12,512) Retention from contractors 2,886 (305) 2,886 (179) Other current liabilities 1,687 (24) 1,657 (9) Cash receivable (paid) from the operations 280,470 200,040 280,722 198,645 Xxxx received from interest income 264 18 261 15 Witholding taxes refunded from Revenue Department 6,890 - 6,765 - Income tax expenses paid (8,077) (7,499) (8,037) (7,435) Xxxx paid for provision for compensation for housing estate juristic persons - (342) - (342) Net cash provided by (used in) operating activities 279,547 192,217 279,711 190,883 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - 55,000 2,000 Increase in short-term investments (28) (37) (28) (37) Proceeds from sales of fixed assets 80 - 80 - Cash paid for purchase of fixed assets (1,953) (1,741) (1,953) (1,741) Cash paid for purchase of intangible assets (21) (1,695) (21) (1,695) Net cash provided by (used in) investing activities (1,922) (3,473) 53,078 (1,473) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. “REVIEWED” - 11 - N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CASH FLOWS (CONT.) FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2018 CASH FLOWS FROM FINANCING ACTIVITIES In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 Increase (decrease) in bank overdrafts and short-term loans from the financial institutions 59,181 (753,488) 59,181 (753,488) Cash paid for liabilities under finance lease agreement (418) (417) (418) (417) Cash received from short-term loan the other company 50,000 - 50,000 - Cash paid for short-term loan from other company (83,985) - (83,985) - Xxxx received from short-term loan a related party - 306,000 - 306,000 Cash paid for short-term loan a related party (54,100) - (54,100) - Xxxx received from short-term loan from the director 55,600 74,000 1,500 74,000 Cash paid for short-term loan from the directors (2,500) (155,000) (2,500) (155,000) Xxxx received from long-term loans 247,212 1,431,507 247,212 1,431,507 Cash paid for long-term loans (490,695) (1,019,439) (490,695) (1,019,439) Interest paid (55,573) (50,672) (55,573) (50,672) Net cash provided by (used in) financing activities (275,278) (167,509) (329,378) (167,509) Net increase (decrease) in cash and cash equivalents 2,347 21,235 3,411 21,901 Cash and cash equivalents, beginning of period 21,952 13,240 19,753 10,782 Cash and cash equivalents, end of period 24,299 34,475 23,164 32,683 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 837 447 837 447 Cash at bank 23,462 34,028 22,327 32,236 Total 24,299 34,475 23,164 32,683

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 14, 2019 2018 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at September March As at December As at September March As at December Notes 30, 2019 31, 2018 3031, 2019 2017 31, 2018 CURRENT ASSETS 31, 2017 Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 60,843 21,952 59,880 19,753 Short-term loans investments 702 702 702 702 Trade accounts receivable 64 64 - - Short-term loan to related parties 4 - - 1,229,163 1,148,330 54,100 55,000 Inventories 5 435,376 486,362 435,376 486,362 Property development costs 6 1,998,981 2,089,624 1,998,981 2,089,624 Land held for development 7 1,848,149 1,793,635 1,774,741 1,720,227 Other current assets 23,034 5,987 15,812 1,849 4 8,756 9,069 15,470 15,227 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 4,352,871 4,401,408 4,339,250 4,386,895 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 268,272 194,844 262,084 188,667 Investments 8 9,157 9,157 9,157 9,157 Investment in subsidiaries 8 9 - - 313,000 311,000 11,864 11,864 Investment properties 9 478,630 451,650 433,630 412,040 property 10 201,600 204,100 201,600 204,100 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 11 115,304 117,765 115,290 117,733 Intangible assets 15,383 18,675 13,495 16,406 12 5,507 5,752 5,507 5,752 Witholding tax 18,740 17,989 18,611 17,754 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 asstes 21 5,540 4,936 3,819 3,214 Other non-current assets 31,887 50,039 22,837 39,892 4,056 4,114 4,056 4,114 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 359,904 363,813 369,904 373,688 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,712,775 4,765,221 4,709,154 4,760,583 Notes to interim financial statements form an integral part of these statements.. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December As at March As at December Note 31, 2018 31, 2017 31, 2018 31, 2017 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 13 459,387 404,185 459,387 404,185 Trade notes payable 44,295 48,970 44,295 48,970 Trade accounts payable and other payable 85,806 85,714 85,791 85,714 Payable to related parties 4 41,611 42,641 43,298 44,285 Accrued expenses 4 45,529 38,228 44,381 37,112 Current portion of liabilities under the finance lease agreement 14 621 821 621 821 Current portion of long-term loan from the financial institutions 15 297,554 146,111 297,554 146,111 Short-term loan from other company 16 122,125 162,125 122,125 162,125 Short-term loan from related parties 4 276,000 276,000 276,000 276,000 Short-term loan from the director 4 17,400 16,900 17,400 16,900 Advance received from customers 4,503 5,856 4,503 5,856 Retention from contractors 83,739 81,796 83,480 81,537 Other current liabilities 512 521 423 443 Total current liabilities 1,479,082 1,309,868 1,479,258 1,310,059 NON-CURRENT LIABILITIES Liabilities under the finance lease Long-term loans from the financial institutions 15 649,629 879,590 649,629 879,590 Employee benefit obligations 17 39,069 38,009 37,922 36,904 Provision for compensation for housing estate juristic persons 18 16,776 16,255 16,776 16,255 Liabilities from purchasing the real estate project 19 32,147 32,147 28,604 28,604 Total non-current liabilities 737,627 966,015 732,937 961,367 TOTAL LIABILITIES 2,216,709 2,275,883 2,212,195 2,271,426 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note As at March As at December As at March As at December 31, 2018 31, 2017 31, 2018 31, 2017 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 69,150 69,150 69,150 69,150 Unappropriated 604,102 597,374 604,995 597,193 Other components of equity - - - - Total equity attributable to company's shareholders 2,496,066 2,489,338 2,496,959 2,489,157 Non-controlling interests - - - - TOTAL SHAREHOLDER’S EQUITY 2,496,066 2,489,338 2,496,959 2,489,157 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 4,712,775 4,765,221 4,709,154 4,760,583 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note 2018 2017 2018 2017 REVENUES Sales 395,944 354,508 395,944 354,508 Rental income and service 5,391 4,696 4,152 3,806 Other income 4 1,442 1,855 2,230 2,677 Total Revenues 402,777 361,059 402,326 360,991 EXPENSES Cost of sales 4 261,314 234,833 261,314 234,833 Cost for rent and service 5,366 5,255 4,293 4,378 Selling expenses 58,805 44,017 58,805 44,017 Administrative expenses 4 39,495 45,345 39,050 44,887 Management benefit expenses 4 8,565 7,984 8,565 7,984 Finance cost 4 19,952 16,597 19,945 16,588 Total Expenses 393,497 354,031 391,972 352,687 Income (loss) before tax expenses Tax expenses (income) 21.2 9,280 2,552 7,028 1,713 10,354 2,552 8,304 1,713 Profit (loss) for the period Other comprehensive income Items that will not be reclassified to profit or loss 6,728 - 5,315 - 7,802 - 6,591 - Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 6,728 5,315 7,802 6,591 Profit (loss) attributable to Shareholders' equity of the parent company 6,728 5,315 7,802 6,591 Non-controlling interests - - - - 6,728 5,315 7,802 6,591 Total comprehensive income attributable to Shareholders' equity of the parent company 6,728 5,315 7,802 6,591 Non-controlling interests - - - - 6,728 5,315 7,802 6,591 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Basic earning (loss) per share (Baht per share) 0.005 0.004 0.006 0.005 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests issued and share capital Appropriated Unappropriated components Note paid-up legal reserve of equity Beginning balance as at January 1, 2018 1,245,284 577,530 69,150 597,374 - 2,489,338 - 2,489,338 Comprehensive income Profit for the period - - - 6,728 - 6,728 - 6,728 Other comprehensive income for the period - - Total comprehensive income for the period - - - - - 6,728 - - - 6,728 - - - 6,728 Ending balance as at March 31, 2018 1,245,284 577,530 69,150 604,102 - 2,496,066 - 2,496,066 Beginning balance as at January 1, 2017 1,245,284 577,530 68,050 574,461 - 2,465,325 - 2,465,325 Dividend paid - - - - - - - - Stock dividend - - - - - - - - Comprehensive income Profit for the period - - - 5,315 - 5,315 - 5,315 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 5,315 - 5,315 - 5,315 Ending balance as at March 31, 2017 1,245,284 577,530 68,050 579,776 - 2,470,640 - 2,470,640 Notes to interim financial statements form an integral part of these statements. Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total issued and share capital Appropriated Unappropriated components 577,530 69,150 597,193 - 2,489,157 - - 7,802 - 7,802 Note paid-up legal reserve of equity Beginning balance as at January 1, 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 7,802 7,802 Ending balance as at March 31, 2018 1,245,284 577,530 69,150 604,995 2,496,959 Beginning balance as at January 1, 2017 1,245,284 577,530 68,050 570,037 - 2,460,901 Dividend paid - - - - - - Stock dividend - - - - - - Comprehensive income Profit for the period - - - 6,591 - 6,591 Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 6,591 6,591 Ending balance as at March 31, 2017 1,245,284 577,530 68,050 576,628 2,467,492 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 6,728 5,315 7,802 6,591 Add (less) Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 6,019 6,474 6,002 6,218 Unrealized gain from trading securities (1) (1) (1) (1) (Gain) loss from sale and amortization of fixed assets (30) 5,875 (30) 5,875 Provision for compensation for housing estate juristic persons 521 422 521 422 Employee benefit expenses 841 1,001 806 960 Interest income (783) (4) (782) (829) Finance cost 19,952 16,597 19,945 16,588 Tax expenses (income) 2,552 1,713 2,552 1,713 Income from operating activities before changes in operating assets and liabilities 35,799 37,392 36,815 37,537 Decrease (increase) in operating assets Inventories 50,986 60,389 50,986 60,389 Property development costs 73,733 84,240 73,733 84,240 Land held for development (26,714) (86,921) (26,714) (86,921) Other current assets 1,029 (966) 472 (841) Other non-current assets 58 71 58 71 Notes to interim financial statements form an integral part of these statements. 2018 2017 2018 2017 Increase (decrease) in operating liabilities Trade notes payable (4,675) (2,347) (4,675) (2,347) Trade accounts payable and other payable 92 777 77 742 Payable to related parties (1,029) (3,420) (986) (4,783) Accrued expenses 4,717 14,471 4,684 14,383 Advance received from customers (1,353) 4,682 (1,353) 4,682 Retention from contractors 1,943 (445) 1,943 (445) Other current liabilities (7) 36 (18) 34 Cash receivable (paid) from the operations 134,579 107,959 135,022 106,741 Xxxx received from interest income 67 5 66 3 Witholding taxes refunded from Revenue Department 125 - - - Income tax expenses paid (4,032) (3,929) (4,013) (3,894) Xxxx paid for provision for compensation for housing estate juristic persons - (342) - (342) Net cash provided by (used in) operating activities 130,739 103,693 131,075 102,508 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - 900 2,000 Increase in short-term investments - (19) - (19) Proceeds from sales of fixed assets 80 - 80 - Cash paid for purchase of fixed assets (843) (415) (843) (415) Cash paid for purchase of intangible assets (21) (1,695) (21) (1,695) Net cash provided by (used in) investing activities (784) (2,129) 116 (129) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. “REVIEWED”

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November May 13, 2019 2020 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at September March As at December As at September March As at December Notes 3031, 2020 31, 2019 31, 2018 302020 31, 2019 31, 2018 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 6 174,930 182,190 87,675 94,272 Trade and other receivables 5, 7 165,732 700,182 85,993 470,895 Unbilled receivables 23 1,439,650 1,138,172 744,336 411,365 Accounts receivable - retention under construction contracts 5 403,198 235,650 1,253,415 1,025,242 Real estate projects 240,176 215,366 73,385 68,764 Advances paid to subcontractors under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 construction contracts 5 465,417 519,906 171,055 195,643 Construction in progress 23 210,337 80,348 47,897 73,685 Inventories 8 5,571 5,569 5,514 5,514 Short-term loans to related parties 4 5 - - 1,229,163 1,148,330 - - Withholding tax deducted at source 134,274 132,129 99,493 105,134 Other current assets 23,034 5,987 15,812 1,849 39,347 37,720 15,997 20,071 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 2,875,434 3,011,582 1,331,345 1,445,343 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 9 10,541 10,541 - - Long-term loans to related parties 5 - - - - Investments in subsidiaries 8 10 - - 313,000 311,000 Investment properties 9 478,630 451,650 433,630 412,040 476,198 476,073 Investments in associates 11 98,404 25,375 100,000 25,375 Investments in joint ventures 12 25,979 26,238 2,376 2,376 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 13 570,224 595,909 547,955 570,690 Right-of-use assets 14 23,972 - 11,100 - Intangible assets 15,383 18,675 13,495 16,406 10,502 10,747 10,334 10,566 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 22,854 28,972 13,402 13,367 Other non-current assets 31,887 50,039 22,837 39,892 6,959 6,271 5,467 5,468 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 769,435 704,053 1,166,832 1,103,915 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 3,644,869 3,715,635 2,498,177 2,549,258 Notes to interim financial statements form an integral part of these statements. CURRENT LIABILITIES Bank overdrafts and short-term loans In Thousand Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Notes 31, 2020 31, 2019 31, 2020 31, 2019 from banks 15 496,838 473,051 321,838 249,051 Trade and other payables 5, 16 416,406 508,637 229,053 265,726 Unbilled payable Unearned construction - revenue Accounts payable - retention under construction contracts 647,178 - 112,192 561,624 - 100,572 192,819 - 6,357 87,707 - 13,104 Advances received from customers under construction contracts 23 940,852 986,559 373,908 387,031 Short-term loans from related parties 5 - - 625,000 748,000 Provision for liabilities under construction projects 17 44,984 76,893 7,221 8,101 Current portion of debentures 18 - 30,000 - 30,000 Current portion of lease liabilities Income tax payable Other current liabilities 19 11,430 - 16,615 2,291 - 39,717 5,682 - 3,426 526 - 28,077 Total current liabilities 2,686,495 2,779,344 1,765,304 1,817,323 NON-CURRENT LIABILITIES Lease liabilities - net of current portion 19 15,370 1,582 7,518 1,582 Provision for long-term employee benefits 20 75,114 75,122 62,996 63,328 Provision for litigation 26.1 20,000 20,000 20,000 20,000 Total non-current liabilities 110,484 96,704 90,514 84,910 TOTAL LIABILITIES 2,796,979 2,876,048 1,855,818 1,902,233 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Notes 31, 2020 31, 2019 31, 2020 31, 2019 Share capital Registered 9,587,146,838 ordinary shares of Baht 0.125 each 1,198,393 1,198,393 1,198,393 1,198,393 Issued and paid-up 9,587,146,838 ordinary shares of Baht 0.125 each 1,198,393 1,198,393 1,198,393 1,198,393 Share premium - - - - Other deficit (2,956) (2,956) - - Retained earnings (deficit) Appropriated - statutory reserve The Company - - - - Subsidiary 4,108 4,108 - - Unappropriated (335,404) (347,048) (556,034) (551,368) Other components of shareholders' equity 13,845 15,616 - - Equity attributable to owners of the Company 877,986 868,113 642,359 647,025 Non-controlling interests of the subsidiaries (30,096) (28,526) - - Total shareholders' equity 847,890 839,587 642,359 647,025 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 3,644,869 3,715,635 2,498,177 2,549,258 Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements Notes 2020 2019 2020 2019 REVENUES 5 Construction services income 951,326 789,535 474,714 312,280 Other service income 4,237 2,866 - - Interest income 227 14 227 13 Other income 7,576 9,316 9,053 7,116 Total revenues 963,366 801,731 483,994 319,409 EXPENSES Cost of construction services 5 854,983 755,047 406,836 303,706 Cost of other services 2,643 2,143 - - Administrative expenses 80,862 82,080 74,310 72,938 Total expenses 938,488 839,270 481,146 376,644 Profit (loss) before share of profit (loss) from investments in associates and joint ventures, finance cost and income tax expenses 24,878 (37,539) 2,848 (57,235) Share of profit (loss) from investments in associates 11.2 (1,596) - - - Share of profit (loss) from investments in joint ventures 12.2 (259) 1,080 - - Profit (loss) before finance cost and income tax expenses 23,023 (36,459) 2,848 (57,235) Finance cost 5 5,710 8,750 7,549 10,289 Profit (loss) before income tax expenses 17,313 (45,209) (4,701) (67,524) Income tax income (expenses) 21 (6,119) (3,038) 35 1,047 PROFIT (LOSS) FOR THE PERIOD 11,194 (48,247) (4,666) (66,477) Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements Notes 2020 2019 2020 2019 Other comprehensive income: Other comprehensive income to be reclassified to profit or loss in subsequent periods: Exchange differences on translation of financial statements in foreign currency - net of income tax (2,891) 353 - - Other comprehensive income to be reclassified to profit or loss in subsequent periods - net of income tax (2,891) 353 - - Other comprehensive income for the period (2,891) 353 - - Total comprehensive income for the period 8,303 (47,894) (4,666) (66,477) Profit (loss) attributable to: Equity holders of the Company 11,644 (47,816) (4,666) (66,477) Non-controlling interests of the subsidiaries (450) (431) - - 11,194 (48,247) (4,666) (66,477) Total comprehensive income attributable to: Equity holders of the Company 9,873 (48,161) (4,666) (66,477) Non-controlling interests of the subsidiaries (1,570) 267 - - 8,303 (47,894) (4,666) (66,477) Earnings per share Basic earnings (loss) per share Profit (loss) attributable to equity holders of the Company 22 0.0012 (0.0078) (0.0005) (0.0108) Notes to interim financial statements form an integral part of these statements. Issued and Share premium STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2020 In Thousand Baht Consolidated financial statements Equity attributable to the parent's shareholders Other dificit Retained earnings (deficit) Other components of equity Equity attributable Total Total equity to non-controlling shareholders' paid-up Deficit on Total Appropriated - Statutory reserve Unappropriated Other comprehensive Total other attributable to interests of equity share capital revaluation other deficit The Company Subsidiary components of shareholders of the subsidiaries of investment in subsidiaries Exchange differences on translation of financial statements in foreign currency Share of other comprehensive income from associate shareholders' equity the Company Balance as at January 1, 2019 770,396 1,041,740 (2,956) (2,956) 73,371 4,108 (1,168,875) 13,626 900 14,526 732,310 (29,295) 703,015 Loss for the period - - - - - - (47,816) - - - (47,816) (431) (48,247) Other comprehensive income for the period - - - - - - - (345) - (345) (345) 698 353 Total comprehensive income for the period - - - - - - (47,816) (345) - (345) (48,161) 267 (47,894) Balance as at March 31, 2019 770,396 1,041,740 (2,956) (2,956) 73,371 4,108 (1,216,691) 13,281 900 14,181 684,149 (29,028) 655,121 Balance as at January 1, 2020 1,198,393 - (2,956) (2,956) - 4,108 (347,048) 14,716 900 15,616 868,113 (28,526) 839,587 Profit for the period - - - - - - 11,644 - - - 11,644 (450) 11,194 Other comprehensive income for the period - - - - - - - (1,771) - (1,771) (1,771) (1,120) (2,891) Total comprehensive income for the period - - - - - - 11,644 (1,771) - (1,771) 9,873 (1,570) 8,303 Balance as at March 31, 2020 1,198,393 - (2,956) (2,956) - 4,108 (335,404) 12,945 900 13,845 877,986 (30,096) 847,890 Notes to interim financial statements form an integral part of these statements. STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2020 In Thousand Baht Separate financial statements Issued and Share premium Retained earnings (deficit) Total paid-up share capital Appropriated - Unappropriated Statutory reserve shareholders' equity Balance as at January 1, 2019 770,396 1,041,740 73,371 (1,386,222) 499,285 Loss for the period Other comprehensive income for the period - - - (66,477) - - - - (66,477) - Total comprehensive income for the period - - - (66,477) (66,477) Balance as at March 31, 2019 770,396 1,041,740 73,371 (1,452,699) 432,808 Balance as at January 1, 2020 1,198,393 - - (551,368) 647,025 Loss for the period Other comprehensive income for the period - - - (4,666) - - - - (4,666) - Total comprehensive income for the period - - - (4,666) (4,666) Balance as at March 31, 2020 1,198,393 - - (556,034) 642,359 Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements 2020 2019 2020 2019 Cash flows from operating activities Profit (loss) before tax 17,313 (45,209) (4,701) (67,524) Adjustments to reconcile profit (loss) before tax to net cash provided by (paid from) operating activities Depreciation and amortisation 29,460 29,176 25,865 26,096 Allowance for doubtful debt - - 3,688 17,060 Unrealised (gain) loss on exchange rate (356) 940 (355) 939 (Gain) loss on disposal of equipment (237) (1,901) - (900) Loss on write-off of equipment 10 41 8 41 Share of loss from investments in associate 1,596 - - - Share of (profit) loss from investments in joint venture 259 (1,080) - - Provision for liabilities under construction projects 1,000 7,898 - 7,898 Provision for long-term employee benefits 3,687 3,139 3,035 2,591 Amortised transaction cost of debenture - 250 - 250 Interest income (227) (14) (227) (13) Interest expenses 5,710 8,745 7,549 10,289 Profit (loss) from operating activities before changes in operating assets and liabilities 58,215 1,985 34,862 (3,273) (Increase) decrease in operating assets Trade and other receivables 546,139 117,336 384,902 68,829 Unbilled receivables (301,478) (85,567) (332,971) 38,376 Accounts receivable - retention under construction contracts (36,499) 8,004 (4,621) 2,027 Advance paid to subcontractors under construction contracts 54,489 6,437 24,588 50,680 Construction in progress (129,989) 14,676 25,788 (16,445) Inventories (2) (27) - - Other current assets (1,627) 5,816 4,074 12,054 Other non-current assets (688) (73) 1 78 Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other payables (88,972) (82,020) (33,517) (105,633) Unbilled payables 85,554 65,336 105,112 (31,088) Unearned construction revenue - (6,000) - - Accounts payable - retention under construction contracts 11,620 19,904 (6,747) (1,633) Advances received from customers under construction contracts (45,707) 246,037 (13,123) (11,485) Other current liabilities (23,102) 13,668 (24,651) (4,256) Cash flows from provide by (used in) operating activities 127,953 325,512 163,697 (1,769) Xxxx paid for provision for liabilities under construction projects (32,909) (6,409) (880) (5,796) Xxxx paid for provision for long-term employee benefits (3,695) (768) (3,367) (768) Cash paid for income tax (23,145) (19,833) (15,358) (12,989) Received from withholding tax refund 20,999 - 20,999 - Net cash flows provided by (used in) operating activities 89,203 298,502 165,091 (21,322) Cash flows from investing activities Decrease (increase) in short-term loans to related parties - - (3,688) - Xxxx paid for investing in associate (74,625) - (74,625) - Interest income 227 14 227 13 Xxxx received from disposal of equipment 336 2,234 - 1,159 Cash paid for purchase of property, plant and equipment (4,331) (36,300) (3,853) (35,497) Net cash flows provided by (used in) investing activities (78,393) (34,052) (81,939) (34,325) Cash flows from financing activities Increase in short-term loans from banks 23,787 136,124 72,787 17,928 Cash receive from short-term loans from related parties - - 208,000 360,000 Cash paid for short-term loans from related parties - - (331,000) (133,600) Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements 2020 2019 2020 2019 Repayment of debentures (30,000) (150,000) (30,000) (150,000) Interest expenses (5,777) (9,801) (8,175) (7,456) Decrease in lease liabilities (3,189) (1,033) (1,361) - Net cash flows provided by (used in) financing activities (15,179) (24,710) (89,749) 86,872 Increase (decrease) in translation adjustment (2,891) 353 - - Net increase (decrease) in cash and cash equivalents (7,260) 240,093 (6,597) 31,225 Cash and cash equivalents at the beginning of the period 182,190 82,256 94,272 7,181 Cash and cash equivalents at the end of the period 174,930 322,349 87,675 38,406 Supplemental cash flows information Non-cash items consist of Increase (decrease) in purchase of fixed assets and intangible assets that have yet to be paid (2,533) 6,514 (2,123) 6,514 Accrued payables the investment in subsidiaries - - 125 - Lease liabilities 25,814 - 12,275 - Notes to interim financial statements form an integral part of these statements. NOTES TO INTERIM FINANCIAL STATEMENTS MARCH 31, 2020

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 14, 2019 2018 (Miss Xxxxxxx XxxxxxxxxxxxMr. Peradate Pongsathiansak) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at September March As at December As at September March As at December Notes 30, 2019 31, 2018 3031, 2019 2017 31, 2018 CURRENT ASSETS 31, 2017 Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 60,843 21,952 59,880 19,753 Short-term loans investments 702 702 702 702 Trade accounts receivable 64 64 - - Short-term loan to related parties 4 - - 1,229,163 1,148,330 54,100 55,000 Inventories 5 435,376 486,362 435,376 486,362 Property development costs 6 1,998,981 2,089,624 1,998,981 2,089,624 Land held for development 7 1,848,149 1,793,635 1,774,741 1,720,227 Other current assets 23,034 5,987 15,812 1,849 4 8,756 9,069 15,470 15,227 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 4,352,871 4,401,408 4,339,250 4,386,895 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 268,272 194,844 262,084 188,667 Investments 8 9,157 9,157 9,157 9,157 Investment in subsidiaries 8 9 - - 313,000 311,000 11,864 11,864 Investment properties 9 478,630 451,650 433,630 412,040 property 10 201,600 204,100 201,600 204,100 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 11 115,304 117,765 115,290 117,733 Intangible assets 15,383 18,675 13,495 16,406 12 5,507 5,752 5,507 5,752 Witholding tax 18,740 17,989 18,611 17,754 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 asstes 21 5,540 4,936 3,819 3,214 Other non-current assets 31,887 50,039 22,837 39,892 4,056 4,114 4,056 4,114 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 359,904 363,813 369,904 373,688 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,712,775 4,765,221 4,709,154 4,760,583 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December As at March As at December Note 31, 2018 31, 2017 31, 2018 31, 2017 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 13 459,387 404,185 459,387 404,185 Trade notes payable 44,295 48,970 44,295 48,970 Trade accounts payable and other payable 85,806 85,714 85,791 85,714 Payable to related parties 4 41,611 42,641 43,298 44,285 Accrued expenses 4 45,529 38,228 44,381 37,112 Current portion of liabilities under the finance lease agreement Current portion of long-term loan from 14 000 000 000 000 the financial institutions 15 297,554 146,111 297,554 146,111 Short-term loan from other company 16 122,125 162,125 122,125 162,125 Short-term loan from related parties 4 276,000 276,000 276,000 276,000 Short-term loan from the director 4 17,400 16,900 17,400 16,900 Advance received from customers 4,503 5,856 4,503 5,856 Retention from contractors 83,739 81,796 83,480 81,537 Other current liabilities 512 521 423 443 Total current liabilities 1,479,082 1,309,868 1,479,258 1,310,059 NON-CURRENT LIABILITIES Liabilities under the finance lease Long-term loans from the financial institutions 15 649,629 879,590 649,629 879,590 Employee benefit obligations 17 39,069 38,009 37,922 36,904 Provision for compensation for housing estate juristic persons Liabilities from purchasing the real 18 16,776 16,255 16,776 16,255 estate project 19 32,147 32,147 28,604 28,604 Total non-current liabilities 737,627 966,015 732,937 961,367 TOTAL LIABILITIES 2,216,709 2,275,883 2,212,195 2,271,426 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note As at March As at December As at March As at December 31, 2018 31, 2017 31, 2018 31, 2017 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 69,150 69,150 69,150 69,150 Unappropriated 604,102 597,374 604,995 597,193 Other components of equity - - - - Total equity attributable to company's shareholders 2,496,066 2,489,338 2,496,959 2,489,157 Non-controlling interests - - - - TOTAL SHAREHOLDER’S EQUITY 2,496,066 2,489,338 2,496,959 2,489,157 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 4,712,775 4,765,221 4,709,154 4,760,583 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note 2018 2017 2018 2017 REVENUES Sales 395,944 354,508 395,944 354,508 Rental income and service 5,391 4,696 4,152 3,806 Other income 4 1,442 1,855 2,230 2,677 Total Revenues 402,777 361,059 402,326 360,991 EXPENSES Cost of sales 4 261,314 234,833 261,314 234,833 Cost for rent and service 5,366 5,255 4,293 4,378 Selling expenses 58,805 44,017 58,805 44,017 Administrative expenses 4 39,495 45,345 39,050 44,887 Management benefit expenses 4 8,565 7,984 8,565 7,984 Finance cost 4 19,952 16,597 19,945 16,588 Total Expenses 393,497 354,031 391,972 352,687 Income (loss) before tax expenses Tax expenses (income) 21.2 9,280 2,552 7,028 1,713 10,354 2,552 8,304 1,713 Profit (loss) for the period Other comprehensive income Items that will not be reclassified to profit or loss 6,728 - 5,315 - 7,802 - 6,591 - Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 6,728 5,315 7,802 6,591 Profit (loss) attributable to Shareholders' equity of the parent company 6,728 5,315 7,802 6,591 Non-controlling interests - - - - 6,728 5,315 7,802 6,591 Total comprehensive income attributable to Shareholders' equity of the parent company 6,728 5,315 7,802 6,591 Non-controlling interests - - - - 6,728 5,315 7,802 6,591 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Basic earning (loss) per share (Baht per share) 0.005 0.004 0.006 0.005 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests issued and share capital Appropriated Unappropriated components Note paid-up legal reserve of equity Beginning balance as at January 1, 2018 1,245,284 577,530 69,150 597,374 - 2,489,338 - 2,489,338 Comprehensive income Profit for the period - - Other comprehensive income for the period - - Total comprehensive income for the period - - - - - 6,728 - 6,728 - - - 6,728 - 6,728 - - - 6,728 - 6,728 Ending balance as at March 31, 2018 1,245,284 577,530 69,150 604,102 - 2,496,066 - 2,496,066 Beginning balance as at January 1, 2017 1,245,284 577,530 68,050 574,461 - 2,465,325 - 2,465,325 Dividend paid - - - - - - - - Stock dividend - - - - - - - - Comprehensive income Profit for the period - - - 5,315 - 5,315 - 5,315 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 5,315 - 5,315 - 5,315 Ending balance as at March 31, 2017 1,245,284 577,530 68,050 579,776 - 2,470,640 - 2,470,640 Notes to interim financial statements form an integral part of these statements. Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total issued and share capital Appropriated Unappropriated components 577,530 69,150 597,193 - 2,489,157 - - 7,802 - 7,802 Note paid-up legal reserve of equity Beginning balance as at January 1, 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 7,802 7,802 Ending balance as at March 31, 2018 1,245,284 577,530 69,150 604,995 2,496,959 Beginning balance as at January 1, 2017 1,245,284 577,530 68,050 570,037 - 2,460,901 Dividend paid - - - - - - Stock dividend - - - - - - Comprehensive income Profit for the period - - - 6,591 - 6,591 Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 6,591 6,591 Ending balance as at March 31, 2017 1,245,284 577,530 68,050 576,628 2,467,492 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 6,728 5,315 7,802 6,591 Add (less) Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 6,019 6,474 6,002 6,218 Unrealized gain from trading securities (1) (1) (1) (1) (Gain) loss from sale and amortization of fixed assets (30) 5,875 (30) 5,875 Provision for compensation for housing estate juristic persons 521 422 521 422 Employee benefit expenses 841 1,001 806 960 Interest income (783) (4) (782) (829) Finance cost 19,952 16,597 19,945 16,588 Tax expenses (income) 2,552 1,713 2,552 1,713 Income from operating activities before changes in operating assets and liabilities 35,799 37,392 36,815 37,537 Decrease (increase) in operating assets Inventories 50,986 60,389 50,986 60,389 Property development costs 73,733 84,240 73,733 84,240 Land held for development (26,714) (86,921) (26,714) (86,921) Other current assets 1,029 (966) 472 (841) Other non-current assets 58 71 58 71 Notes to interim financial statements form an integral part of these statements. 2018 2017 2018 2017 Increase (decrease) in operating liabilities Trade notes payable (4,675) (2,347) (4,675) (2,347) Trade accounts payable and other payable 92 777 77 742 Payable to related parties (1,029) (3,420) (986) (4,783) Accrued expenses 4,717 14,471 4,684 14,383 Advance received from customers (1,353) 4,682 (1,353) 4,682 Retention from contractors 1,943 (445) 1,943 (445) Other current liabilities (7) 36 (18) 34 Cash receivable (paid) from the operations 134,579 107,959 135,022 106,741 Xxxx received from interest income 67 5 66 3 Witholding taxes refunded from Revenue Department 125 - - - Income tax expenses paid (4,032) (3,929) (4,013) (3,894) Xxxx paid for provision for compensation for housing estate juristic persons - (342) - (342) Net cash provided by (used in) operating activities 130,739 103,693 131,075 102,508 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - 900 2,000 Increase in short-term investments - (19) - (19) Proceeds from sales of fixed assets 80 - 80 - Cash paid for purchase of fixed assets (843) (415) (843) (415) Cash paid for purchase of intangible assets (21) (1,695) (21) (1,695) Net cash provided by (used in) investing activities (784) (2,129) 116 (129) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. “REVIEWED” - 10 - N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2018 CASH FLOWS FROM FINANCING ACTIVITIES In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 Increase (decrease) in bank overdrafts and short-term loans from the financial institutions 55,202 (715,882) 55,202 (715,882) Cash paid for liabilities under finance lease agreement (209) (208) (209) (208) Cash paid for short-term loan from other company (40,000) - (40,000) - Cash received from short-term loan a related party - 291,000 - 291,000 Xxxx received from short-term loan from the director 1,500 69,000 1,500 69,000 Cash paid for short-term loan from the directors (1,000) (150,000) (1,000) (150,000) Xxxx received from long-term loans 109,960 848,149 109,960 848,149 Cash paid for long-term loans (188,478) (409,355) (188,478) (409,355) Interest paid (28,039) (23,725) (28,039) (23,725) Net cash provided by (used in) financing activities (91,064) (91,021) (91,064) (91,021) Net increase (decrease) in cash and cash equivalents 38,891 10,543 40,127 11,358 Cash and cash equivalents, beginning of period 21,952 13,240 19,753 10,782 Cash and cash equivalents, end of period 60,843 23,783 59,880 22,140 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 837 417 837 417 Cash at bank 60,006 23,366 59,043 21,723 Total 60,843 23,783 59,880 22,140

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 17, 2019 2021 (Miss Xxxxxxx XxxxxxxxxxxxXxxxxxxxxxx) Certified Public Accountant Registration No. 6838 7318 "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30MARCH 31, 2019 2021 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September March As at December As at September March As at December Notes 30, 2019 31, 2018 30, 2019 2021 31, 2018 2020 31, 2021 31, 2020 6 7 19 5 1,055,346 177,203 7,297,896 124,590 - 11,361 85 4,631 8,671,112 77,450 177,836 6,424,629 148,590 - 7,385 85 4,779 6,840,754 921,762 1,183,093 5,411,341 124,590 1,109,660 4,261 85 - 8,754,792 48,656 1,128,256 4,370,075 148,590 1,095,000 - 85 - 6,790,662 10 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 Short-term loans to related parties 4 - - 1,229,163 1,148,330 Current tax assets Other current financial assets Other current assets 23,034 5,987 15,812 1,849 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments in subsidiaries 8 - - 313,000 311,000 Land held for development Investment properties 9 478,630 451,650 433,630 412,040 Property, plant and equipment 316,835 341,762 274,893 308,363 Right-of-use assets Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 Intangible assets 15,383 18,675 13,495 16,406 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 31,887 50,039 22,837 39,892 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 262,453 - 1,737,774 394,614 346,578 474,065 108,575 1,590,128 9,524 43,653 60,000 46,031 5,073,395 13,744,507 361,433 - 2,899,938 394,614 352,805 482,167 110,682 1,559,882 10,213 44,514 60,000 27,023 6,303,271 13,144,025 262,453 315,000 865,082 355,814 330,672 467,795 108,575 1,590,128 8,000 30,297 60,000 10,885 4,404,701 13,159,493 349,876 315,000 2,027,691 355,814 334,717 475,226 110,682 1,559,882 8,565 29,076 60,000 10,653 5,637,182 12,427,844 11 12 5 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2021 LIABILITIES AND SHAREHOLDER' EQUITY In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at March As at December As at March As at December Notes 31, 2021 31, 2020 31, 2021 31, 2020 CURRENT LIABILITIES Bank overdrafts and short-term loans from financial institutions Trade and other current payables Current portion of long-term loans from financial institutions Current portion of long-term loans from other company Current portion of debentures Current portion of lease liabilities Short-term loans from related parties Construction retentions Unearned revenue from construction Unrecognised income on installments due Income tax payable Other current liabilities Total current liabilities NON-CURRENT LIABILITIES Long-term loans from financial institutions Long-term loans from other company Long-term loans from related party Debentures Lease liabilities Utilities guarantees Provisions for employee benefit Other non-current provisions Other non-current liabilities Total non-current liabilities TOTAL LIABILITIES 315,408 513,849 427,092 734,216 315,408 741,575 427,092 880,407 13 13 578,223 592,029 452,687 335,041 13 14 13 5 370,938 4,384,611 28,980 - 198,983 71,285 116,604 9,871 96,408 6,685,160 360,938 2,838,655 32,032 - 191,628 39,715 204,326 5,161 93,102 5,518,894 370,938 4,384,611 20,129 10,472 159,206 - 104,579 4,030 39,644 6,603,279 360,938 2,838,655 29,299 20,122 157,355 - 184,154 4,030 37,858 5,274,951 13 13 5 14 13 211,920 202,812 - 2,435,276 473,714 1,011 115,658 15,000 69,909 3,525,300 10,210,460 587,191 112,812 - 2,670,040 477,151 2,006 116,140 15,000 70,879 4,051,219 9,570,113 7,734 202,812 9,700 2,435,276 469,922 1,011 105,243 15,000 45,654 3,292,352 9,895,631 383,005 112,812 9,700 2,670,040 472,650 2,006 106,188 15,000 48,332 3,819,733 9,094,684 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2021 LIABILITIES AND SHAREHOLDER' EQUITY (CONT.) In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at March As at December As at March As at December Notes 31, 2021 31, 2020 31, 2021 31, 2020 SHAREHOLDERS' EQUITY Authorised share capital 1,200,000,000 ordinary shares of Baht 1 each 1,200,000 1,200,000 1,200,000 1,200,000 Issued and paid-up share capital 980,000,000 ordinary shares of Baht 1 each 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS Appropriated Legal reserve 97,593 97,593 97,593 97,593 Unappropriated 1,428,127 1,467,992 1,157,942 1,227,240 Subordinated perpetual debentures 300,000 300,000 300,000 300,000 Other components of shareholders' equity 59,117 59,117 59,117 59,117 TOTAL SHAREHOLDERS' EQUITY 3,534,047 3,573,912 3,263,862 3,333,160 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 13,744,507 13,144,025 13,159,493 12,427,844 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements Notes 0000 0000 0000 2020 INCOME 5 Revenue from sale of real estate 742,635 874,979 401,174 606,312 Revenue from construction service 171,632 3,506 - - Other income 15,557 32,555 41,077 52,072 Total income 929,824 911,040 442,251 658,384 EXPENSES 5 Cost of sale of real estate 566,283 643,213 318,046 456,910 Cost of construction service 157,336 3,506 - - Distribution costs 59,175 89,075 42,628 66,133 Administrative expenses 88,929 99,160 83,816 72,048 Total expenses 871,723 834,954 444,490 595,091 Profit (loss) from operating activities 58,101 76,086 (2,239) 63,293 Finance income 5 - - 19,267 18,989 Finance costs 85,193 71,860 83,110 68,959 Profit (loss) before income tax expense (27,092) 4,226 (66,082) 13,323 Income tax (income) expense 8,335 3,292 (1,222) 2,533 PROFIT (LOSS) FOR THE PERIOD (35,427) 934 (64,860) 10,790 Other comprehensive income (loss) for the period - - - - TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD (35,427) 934 (64,860) 10,790 Profit (loss) attributable to Parent company (35,427) 934 (64,860) 10,790 Non-controlling interests - - - - (35,427) - (35,427) 934 - 934 (64,860) - (64,860) 10,790 10,790 (35,427) 934 (64,860) 10,790 Total comprehensive income (loss) attributable to Parent company Non-controlling interests Basic earning (loss) per share Earnings (loss) per share (Baht per share) 16 (0.0362) 0.0010 (0.0662) 0.0110 Notes to interim financial statements form an integral part of these statements. AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Share Capital Shares debentures Surplus from asset Equity revaluation-land, net 980,000 669,210 300,000 97,593 1,467,992 59,117 3,573,912 Beginning balance as at January 1, 2021 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2021 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 97,593 (35,427) - (35,427) (4,438) 1,428,127 - - - - 59,117 (35,427) - (35,427) (4,438) 3,534,047 Beginning balance as at January 1, 2020 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2020 980,000 669,210 300,000 88,293 1,294,948 59,117 3,391,568 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 88,293 934 - 934 (4,476) 1,291,406 - - - - 59,117 934 - 934 (4,476) 3,388,026 Notes to interim financial statements form an integral part of these statements. - 7 - AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Separate Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Share Capital Shares debentures Surplus from asset Equity revaluation-land, net 980,000 669,210 300,000 97,593 1,227,240 59,117 3,333,160 Beginning balance as at January 1, 2021 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2021 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 97,593 (64,860) - (64,860) (4,438) 1,157,942 - (64,860) - - - (64,860) - (4,438) 59,117 3,263,862 Beginning balance as at January 1, 2020 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2020 980,000 669,210 300,000 88,293 1,106,187 59,117 3,202,807 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 88,293 10,790 - 10,790 (4,476) 1,112,501 - 10,790 - 10,790 - (4,476) 59,117 3,209,121 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITEDAND ITS SUBSIDIARIES STATEMENT OF CASH FLOWS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2020 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period Adjustment to reconcile profit (loss) to be net cash received (paid) Adjusted income tax (income) expenses Adjusted finance costs Adjusted trade and other current receivables (increase) decrease Adjusted real estate projects under development (increase) decrease Adjusted deposits for land (increase) decrease Adjusted other current assets (increase) decrease Adjusted other non-current assets (increase) decrease Adjusted trade and other current payables increase (decrease) Adjusted construction retentions increase (decrease) Adjusted unearned revenue from construction increase (decrease) Adjusted unrecognised income on installments due increase (decrease) Adjusted other current liabilities increase (decrease) Adjusted utilities guarantee increase (decrease) Adjusted other non-current liabilities increase (decrease) Depreciation and amortization Adjusted expected cerdit loss (reverse) Adjusted loss from decline in value of real estate projects under development (reverse) Adjusted on provisions for compensation for housing estate juristic persons (reverse) Adjusted provisions for employee benefit obligations (reverse) (35,427) 934 (64,860) 10,790 8,335 85,193 704 344,123 24,000 148 (11,623) (194,985) 7,355 3,292 71,860 12,781 374,475 (4,000) (123) 2,614 (36,923) 10,594 - (1,222) 83,110 (35,514) 173,761 24,000 - (232) (123,797) 1,851 - 2,533 68,959 5,814 262,648 (4,000) - 2,588 (47,894) 9,813 - (87,722) 2,074 (995) (1,876) 11,258 (71) 72,087 (21,931) 855 (7,038) 12,775 (4,752) (79,575) 1,158 (995) (2,971) 9,225 9,987 20,702 12,880 855 495 10,771 (4,483) (1,804) - (1,804) - 2,138 (482) 2,163 2,792 921 (945) 1,257 1,641 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITEDAND ITS SUBSIDIARIES STATEMENT OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2020 11,762 7,836 11,762 7,836 193,675 500,291 3,860 363,205 (97) (212) (19,364) (19,201) (14,125) (9,702) (4,260) (6,662) 179,453 490,377 (19,764) 337,342 Adjusted on amortisation of premium on debentures Net cash provided by (used in) operating activities Interest income Income tax paid Net cash provided by (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES Cash paid for purchase of investment in subsidiaries Cash paid for purchase of equipment Cash paid for purchase of Investment properties Proceed from short-term loans to related parties Repayment of short-term loans from related parties Interest received (Increase) decrease in deposits at banks used as collateral Increase in leasehold rights Net cash provided by (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES Cash received from proceeds from debentures Xxxx paid for repayment of debentures Xxxx paid for transaction cost from issue of debenture Cash received from short-term loans from related parties Cash paid for repayment of short-term loans from related parties Cash received from long-term loans from financial institutions Xxxx paid for repayment of long-term loans from financial institutions Xxxx received from long-term loans from other company - (72) - - - 97 98,980 (3,241) 95,764 - (24) (14) - - 212 6,567 (106,288) (99,547) - (66) - (260,600) 236,078 97 87,423 (3,241) 59,691 (2,998) (24) (14) (29,026) 44,657 212 8,599 (106,288) (84,882) 1,550,000 (221,642) (28,928) - - 30,040 (419,117) 100,000 1,835,500 (654,500) (29,894) - - 453,110 (400,169) - 1,550,000 (221,642) (28,928) - (9,650) 6,487 (264,112) 100,000 1,835,500 (654,500) (29,894) 14,877 - 399,425 (248,684) - Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITEDAND ITS SUBSIDIARIES STATEMENT OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2020 Increase (decrease) in bank overdrafts and short-term loans from financial institutions (111,684) 80,879 (111,684) 80,879 Xxxx paid for repayment of lease liabilities (16,826) (5,856) (12,467) (5,113) Finance costs paid (174,726) (167,806) (170,387) (158,372) Interest paid of subordinated perpetual debentures (4,438) (4,476) (4,438) (4,476) Net cash provided by (used in) financing activities 702,679 1,106,788 833,179 1,229,642 Net increase (decrease) in cash and cash equivalents 977,896 1,497,618 873,106 1,482,102 Cash and cash equivalents as at January 1, 77,450 65,928 48,656 42,486 Cash and cash equivalents as at March 31, 1,055,346 1,563,546 921,762 1,524,588 Non-cash transactions Depreciation expense which is include as a part of real estate project under development Borrowing costs which is included as a part of real eatate under development cost Expenses under contracts which is included as a part of leasehold rights Borrowing costs which is included as a part of construction in process of leasehold rights 1,483 1,875 344 769 50,132 85,932 49,472 78,404 4,598 3,857 4,598 3,857 22,407 22,262 22,407 22,262 Notes to interim financial statements form an integral part of these statements. AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO INTERIM FINANCIAL STATEMENTS‌‌ MARCh 31, 2021

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 14, 2019 2021 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at September March As at December As at September March As at December Notes 30, 2019 31, 2018 30, 2019 2021 31, 2018 2020 31, 2021 31, 2020 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 5 57,480 89,785 35,434 2,248 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects 4, 6 345,039 283,298 186,415 138,010 Unbilled receivables 7, 22 1,491,297 1,117,635 514,754 314,182 Accounts receivable - retention under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 construction contracts 4, 7 310,132 271,170 142,398 125,197 Advances paid to subcontractors under construction contracts 4 379,288 498,303 46,574 175,760 Construction in progress 22 293,095 329,386 106,542 182,858 Inventories 8 22,029 1,676 1,608 1,608 Short-term loans to related parties 4 - - 1,229,163 1,148,330 50 50 Withholding tax deducted at source 184,677 173,259 134,929 123,410 Other current assets 23,034 5,987 15,812 1,849 52,711 44,558 19,060 14,326 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 3,135,748 2,809,070 1,187,764 1,077,649 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 9 3,202 32,198 354 29,350 Long-term loans to related parties 4 - - - - Investments in subsidiaries 8 10 - - 313,000 311,000 Investment properties 9 478,630 451,650 433,630 412,040 476,498 476,198 Investments in associates 11 - - - - Investments in joint ventures 12 122,348 123,584 102,376 102,376 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 13 626,765 618,357 587,770 578,351 Right-of-use assets 14 29,201 29,622 16,728 14,485 Intangible assets 15,383 18,675 13,495 16,406 12,789 13,273 12,549 13,067 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 46,118 49,703 19,733 15,144 Other non-current assets 31,887 50,039 22,837 39,892 4,120 3,430 1,673 1,681 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 844,543 870,167 1,217,681 1,230,652 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 3,980,291 3,679,237 2,405,445 2,308,301 Notes to interim financial statements form an integral part of these statements. CURRENT LIABILITIES Bank overdrafts and short-term loans In Thousand Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Notes 31, 2021 31, 2020 31, 2021 31, 2020 from financial institutions 15 805,811 709,460 457,362 414,660 Trade and other current payables 4, 16 863,476 718,490 455,386 406,437 Unbilled payable 640,828 454,391 75,201 12,883 Unearned construction - revenue Accounts payable - retention under construction contracts 7 75 178,275 10,055 158,959 75 16,467 10,055 9,587 Advances received from customers under construction contracts 7, 22 887,171 913,865 187,989 261,310 Short-term loans from related parties 4 - - 728,000 642,000 Provision for liabilities under construction projects 17 175,851 166,974 67,324 7,852 Current portion of lease liabilities 18 17,420 16,709 9,521 9,156 Income tax payable 16 - - - Other current liabilities 11,612 15,851 5,504 11,071 Total current liabilities 3,580,535 3,164,754 2,002,829 1,785,011 NON-CURRENT LIABILITIES Lease liabilities 18 16,693 15,673 11,551 8,057 Non-current provisions for employee benefits 19 55,259 82,107 31,994 68,339 Provision for litigation 25.1 20,000 20,000 20,000 20,000 Total non-current liabilities 91,952 117,780 63,545 96,396 TOTAL LIABILITIES 3,672,487 3,282,534 2,066,374 1,881,407 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Notes 31, 2021 31, 2020 31, 2021 31, 2020 Share capital Registered 9,587,146,838 ordinary shares of Baht 0.125 each 1,198,393 1,198,393 1,198,393 1,198,393 Issued and paid-up 9,587,146,838 ordinary shares of Baht 0.125 each 1,198,393 1,198,393 1,198,393 1,198,393 Share premium - - - - Other deficit Retained earnings (deficit) Appropriated - statutory reserve The Company (2,956) - (2,956) - - - - - Subsidiary 4,108 4,108 - - Unappropriated (878,698) (791,218) (859,322) (771,499) Other components of shareholders' equity 15,554 17,393 - - Equity attributable to owners of the Company 336,401 425,720 339,071 426,894 Non-controlling interests of the subsidiaries (28,597) (29,017) - - Total shareholders' equity 307,804 396,703 339,071 426,894 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 3,980,291 3,679,237 2,405,445 2,308,301 Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements Notes 0000 0000 0000 2020 REVENUES 4 Construction services income 1,185,022 951,326 640,740 474,714 Other service income 6,566 4,237 - - Sales income 235 - - - Interest income - 227 - 227 Other income 8,157 7,576 10,529 9,053 Total revenues 1,199,980 963,366 651,269 483,994 EXPENSES Cost of construction services 4 1,237,883 854,983 725,013 406,836 Cost of other services 3,204 2,643 - - Cost of sales 131 - - - Administrative expenses 61,838 80,862 47,910 74,310 Total expenses 1,303,056 938,488 772,923 481,146 Profit (loss) before share of profit (loss) from investments in associates and joint ventures, finance cost and income tax expenses (103,076) 24,878 (121,654) 2,848 Share of profit (loss) from investments in joint ventures 12.2 (1,309) (1,855) - - Profit (loss) before finance cost and income tax expenses (104,385) 23,023 (121,654) 2,848 Finance cost 4 7,454 5,710 9,419 7,549 Profit (loss) before income tax expenses (111,839) 17,313 (131,073) (4,701) Income tax income (expenses) 20 1,892 (6,119) 12,321 35 PROFIT (LOSS) FOR THE PERIOD (109,947) 11,194 (118,752) (4,666) Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements Notes 0000 0000 0000 2020 Other comprehensive income: Components of other comprehensive income that will be reclassified to profit or loss Exchange differences on translation of financial statements in foreign currency (977) (2,891) - - Components of other comprehensive income that will not be reclassified to profit or loss Actuarial gains 22,025 - 30,929 - Other comprehensive income for the period - net of income tax 21,048 (2,891) 30,929 - Total comprehensive income for the period (88,899) 8,303 (87,823) (4,666) Profit (loss) attributable to: Equity holders of the Company (109,505) 11,644 (118,752) (4,666) Non-controlling interests of the subsidiaries (442) (450) - - (109,947) 11,194 (118,752) (4,666) Total comprehensive income attributable to: Equity holders of the Company (89,319) 9,873 (87,823) (4,666) Non-controlling interests of the subsidiaries 420 (1,570) - - (88,899) 8,303 (87,823) (4,666) Earnings per share 21 Basic earnings (loss) per share Profit (loss) attributable to equity holders of the Company (0.0114) 0.0012 (0.0124) (0.0005) Notes to interim financial statements form an integral part of these statements. Issued and STATEMENT OF ChANGES IN ShAREhOLDERS' EQUITY FOR ThE ThREE-MONTh PERIOD ENDED MARCh 31, 2021 In Thousand Baht Consolidated financial statements Equity attributable to the parent's shareholders Other dificit Retained earnings (deficit) Other components of equity Equity attributable Total Total equity to non-controlling shareholders' paid-up Deficit on Total Appropriated - Statutory reserve Unappropriated Other comprehensive Total other attributable to interests of equity share capital revaluation other deficit The Company Subsidiary components of shareholders of the subsidiaries of investment in subsidiaries Exchange differences on translation of financial statements in foreign currency Share of other comprehensive income from associate shareholders' equity the Company 1,198,393 (2,956) (2,956) - 4,108 (347,048) 14,716 900 15,616 868,113 (28,526) 839,587 - - - - - 11,644 - - - 11,644 (450) 11,194 - - - - - - (1,771) - (1,771) (1,771) (1,120) (2,891) - - - - - 11,644 (1,771) - (1,771) 9,873 (1,570) 8,303 1,198,393 (2,956) (2,956) - 4,108 (335,404) 12,945 900 13,845 877,986 (30,096) 847,890 1,198,393 (2,956) (2,956) - 4,108 (791,218) 16,493 900 17,393 425,720 (29,017) 396,703 - - - - - (109,505) - - - (109,505) (442) (109,947) - - - - - 22,025 (1,839) - (1,839) 20,186 862 21,048 - - - - - (87,480) (1,839) - (1,839) (89,319) 420 (88,899) 1,198,393 (2,956) (2,956) - 4,108 (878,698) 14,654 900 15,554 336,401 (28,597) 307,804 Balance as at January 1, 2020 Profit (loss) for the period Other comprehensive income for the period Total comprehensive income for the period Balance as at March 31, 2020 Balance as at January 1, 2021 Profit (loss) for the period Other comprehensive income for the period Total comprehensive income for the period Balance as at March 31, 2021 Notes to interim financial statements form an integral part of these statements. STATEMENT OF ChANGES IN ShAREhOLDERS' EQUITY (CONT.) FOR ThE ThREE-MONTh PERIOD ENDED MARCh 31, 2021 In Thousand Baht Separate financial statements Issued and Retained earnings (deficit) Total paid-up Appropriated - Unappropriated shareholders' share capital Statutory reserve equity Balance as at January 1, 2020 1,198,393 - (551,368) 647,025 Profit (loss) for the period - - (4,666) (4,666) Other comprehensive income for the period - - - - Total comprehensive income for the period - - (4,666) (4,666) Balance as at March 31, 2020 1,198,393 - (556,034) 642,359 Balance as at January 1, 2021 1,198,393 - (771,499) 426,894 Profit (loss) for the period - - (118,752) (118,752) Other comprehensive income for the period - - 30,929 30,929 Total comprehensive income for the period - - (87,823) (87,823) Balance as at March 31, 2021 1,198,393 - (859,322) 339,071 Notes to interim financial statements form an integral part of these statements. STATEMENT OF CASh FLOWS FOR ThE ThREE-MONTh PERIOD MARCh 31, 2021 In Thousand Baht Consolidated financial statements Separate financial statements 0000 0000 0000 2020 Cash flows from operating activities Profit (loss) before tax (111,839) 17,313 (131,073) (4,701) Adjustments to reconcile profit (loss) before tax to net cash provided by (paid from) operating activities Depreciation and amortisation 18,540 29,460 15,087 25,865 Allowance for doubtful debt - - - 3,688 Unrealised (gain) loss on exchange rate (21) (356) (21) (355) (Gain) loss on disposal of equipment (94) (237) (93) - Loss on write-off of equipment 12 10 12 8 (Gain) loss from cancellation of lease agreement (52) - (66) - Share of (profit) loss from investments in joint venture 1,236 1,855 - - Provision for liabilities under construction projects 138,466 1,000 138,466 - Non-current provisions for employee benefits 3,284 3,687 2,317 3,035 Interest income - (227) - (227) Interest expenses 7,454 5,710 9,419 7,549 Profit (loss) from operating activities before changes in operating assets and liabilities 56,986 58,215 34,048 34,862 (Increase) decrease in operating assets Trade and other current receivables (61,741) 546,139 (48,405) 384,902 Unbilled receivables (373,662) (301,478) (200,572) (332,971) Accounts receivable - retention under construction contracts (38,962) (36,499) (17,201) (4,621) Advance paid to subcontractors under construction contracts 119,015 54,489 129,186 24,588 Construction in progress 36,291 (129,989) 76,316 25,788 Inventories (20,353) (2) - - Other current assets (8,153) (1,627) (4,734) 4,074 Other non-current assets (690) (688) 8 1 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated financial statements Separate financial statements 0000 0000 0000 2020 Increase (decrease) in operating liabilities Trade and other current payables 152,220 (88,972) 48,619 (33,517) Unbilled payables 186,437 85,554 62,318 105,112 Unearned construction revenue (9,980) - (9,980) - Accounts payable - retention under construction contracts 19,316 11,620 6,880 (6,747) Advances received from customers under construction contracts (26,694) (45,707) (73,321) (13,123) Other current liabilities (4,239) (23,102) (5,567) (24,651) Cash flows from provide by (used in) operating activities 25,791 127,953 (2,405) 163,697 Xxxx paid for provision for liabilities under construction projects (129,589) (32,909) (78,994) (880) Cash paid for non-current provision for employee benefits (2,600) (3,695) - (3,367) Cash paid for income tax (17,952) (23,145) (11,519) (15,358) Received from withholding tax refund 6,522 20,999 - 20,999 Net cash flows provided by (used in) operating activities (117,828) 89,203 (92,918) 165,091 Cash flows from investing activities Decrease in restricted deposits at banks 28,996 - 28,996 - Decrease in short-term loans to related parties - - - (3,688) Cash paid for investing in subsidiaries - - (300) - Cash paid for investing in joint venture - (74,625) - (74,625) Interest income - 227 - 227 Xxxx received from disposal of equipment 96 336 93 - Cash paid for purchase of property, plant and equipment (27,771) (4,331) (25,518) (3,853) Cash paid for purchase of intangible assets (79) - (30) - Net cash flows provided by (used in) investing activities 1,242 (78,393) 3,241 (81,939) Cash flows from financing activities Increase (decrease) in bank overdrafts and short-term loans from financial institutions 96,351 23,787 42,702 72,787 Cash receive from short-term loans from related parties - - 114,000 208,000 Cash paid for short-term loans from related parties - - (28,000) (331,000) Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated financial statements Separate financial statements 0000 0000 0000 2020 Repayment of debentures - (30,000) - (30,000) Interest expenses (7,009) (5,777) (3,303) (8,175) Decrease in lease liabilities (4,084) (3,189) (2,536) (1,361) Net cash flows provided by (used in) financing activities 85,258 (15,179) 122,863 (89,749) Increase (decrease) in translation adjustment (977) (2,891) - - Net increase (decrease) in cash and cash equivalents (32,305) (7,260) 33,186 (6,597) Cash and cash equivalents at the beginning of the period 89,785 182,190 2,248 94,272 Cash and cash equivalents at the end of the period 57,480 174,930 35,434 87,675 Supplemental cash flows information Non-cash items consist of Increase (decrease) in purchase of fixed assets and intangible assets that have yet to be paid (7,180) (2,533) (5,497) (2,123) Accrued payables the investment in subsidiaries - - - 125 Lease liabilities 7,877 25,814 7,877 12,275 Notes to interim financial statements form an integral part of these statements.

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 17, 2019 2022 (Miss Xxxxxxx XxxxxxxxxxxxXxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 7318 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September March As at December As at September March As at December Notes 30, 2019 31, 2018 30, 2019 2022 31, 2018 2021 31, 2022 31, 2021 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 6 375,064 503,425 226,420 302,341 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 7 160,545 176,585 1,187,327 1,154,363 Unbilled revenue from construction service 70,855 58,826 - - Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 8 6,692,806 6,523,486 4,673,590 4,828,560 Deposits for land 17 275,200 280,900 275,200 280,900 20 107,000 126,590 107,000 126,590 Short-term loans to related parties 4 5 - - 1,229,163 1,148,330 1,384,382 1,056,164 Current tax assets 7,075 34,886 3,833 15,762 Other current financial assets 86 86 86 86 Other current assets 23,034 5,987 15,812 1,849 4,518 5,256 - - Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 7,417,949 7,429,140 7,582,638 7,483,866 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 9 430,489 454,020 430,489 454,020 Investments in subsidiaries 8 - - 313,000 311,000 364,995 364,995 Land held for development 8 1,738,221 1,737,497 865,082 865,082 Investment properties 9 478,630 451,650 433,630 412,040 382,564 382,564 343,764 343,764 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 10 630,422 636,202 624,045 628,468 Right-of-use assets 11 444,968 448,225 437,787 444,622 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 12 1,724,781 1,687,004 1,724,781 1,687,004 Intangible assets 15,383 18,675 13,495 16,406 7,142 7,703 5,972 6,397 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 42,471 43,811 28,171 28,636 Retention receivables from construction 39,846 36,351 - - Other non-current assets 31,887 50,039 22,837 39,892 55,134 20,426 27,180 11,238 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 5,496,038 5,453,803 4,852,266 4,834,226 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 12,913,987 12,882,943 12,434,904 12,318,092 Notes to interim financial statements form an integral part of these statements.

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13May 14, 2019 2021 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at September March As at December As at September March As at December Notes 30, 2019 31, 2018 30, 2019 2021 31, 2018 2020 31, 2021 31, 2020 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 5 57,480 89,785 35,434 2,248 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects 4, 6 345,039 283,298 186,415 138,010 Unbilled receivables 7, 22 1,491,297 1,117,635 514,754 314,182 Accounts receivable - retention under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 construction contracts 4, 7 310,132 271,170 142,398 125,197 Advances paid to subcontractors under construction contracts 4 379,288 498,303 46,574 175,760 Construction in progress 22 293,095 329,386 106,542 182,858 Inventories 8 22,029 1,676 1,608 1,608 Short-term loans to related parties 4 - - 1,229,163 1,148,330 50 50 Withholding tax deducted at source 184,677 173,259 134,929 123,410 Other current assets 23,034 5,987 15,812 1,849 52,711 44,558 19,060 14,326 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 3,135,748 2,809,070 1,187,764 1,077,649 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 9 3,202 32,198 354 29,350 Long-term loans to related parties 4 - - - - Investments in subsidiaries 8 10 - - 313,000 311,000 Investment properties 9 478,630 451,650 433,630 412,040 476,498 476,198 Investments in associates 11 - - - - Investments in joint ventures 12 122,348 123,584 102,376 102,376 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 13 626,765 618,357 587,770 578,351 Right-of-use assets 14 29,201 29,622 16,728 14,485 Intangible assets 15,383 18,675 13,495 16,406 12,789 13,273 12,549 13,067 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 46,118 49,703 19,733 15,144 Other non-current assets 31,887 50,039 22,837 39,892 4,120 3,430 1,673 1,681 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 844,543 870,167 1,217,681 1,230,652 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 3,980,291 3,679,237 2,405,445 2,308,301 Notes to interim financial statements form an integral part of these statements. CURRENT LIABILITIES Bank overdrafts and short-term loans In Thousand Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Notes 31, 2021 31, 2020 31, 2021 31, 2020 from financial institutions 15 805,811 709,460 457,362 414,660 Trade and other current payables 4, 16 863,476 718,490 455,386 406,437 Unbilled payable 640,828 454,391 75,201 12,883 Unearned construction - revenue Accounts payable - retention under construction contracts 7 75 178,275 10,055 158,959 75 16,467 10,055 9,587 Advances received from customers under construction contracts 7, 22 887,171 913,865 187,989 261,310 Short-term loans from related parties 4 - - 728,000 642,000 Provision for liabilities under construction projects 17 175,851 166,974 67,324 7,852 Current portion of lease liabilities 18 17,420 16,709 9,521 9,156 Income tax payable 16 - - - Other current liabilities 11,612 15,851 5,504 11,071 Total current liabilities 3,580,535 3,164,754 2,002,829 1,785,011 NON-CURRENT LIABILITIES Lease liabilities 18 16,693 15,673 11,551 8,057 Non-current provisions for employee benefits 19 55,259 82,107 31,994 68,339 Provision for litigation 25.1 20,000 20,000 20,000 20,000 Total non-current liabilities 91,952 117,780 63,545 96,396 TOTAL LIABILITIES 3,672,487 3,282,534 2,066,374 1,881,407 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Notes 31, 2021 31, 2020 31, 2021 31, 2020 Share capital Registered 9,587,146,838 ordinary shares of Baht 0.125 each 1,198,393 1,198,393 1,198,393 1,198,393 Issued and paid-up 9,587,146,838 ordinary shares of Baht 0.125 each 1,198,393 1,198,393 1,198,393 1,198,393 Share premium - - - - Other deficit (2,956) (2,956) - - Retained earnings (deficit) Appropriated - statutory reserve The Company - - - - Subsidiary 4,108 4,108 - - Unappropriated (878,698) (791,218) (859,322) (771,499) Other components of shareholders' equity 15,554 17,393 - - Equity attributable to owners of the Company 336,401 425,720 339,071 426,894 Non-controlling interests of the subsidiaries (28,597) (29,017) - - Total shareholders' equity 307,804 396,703 339,071 426,894 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 3,980,291 3,679,237 2,405,445 2,308,301 Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements Notes 0000 0000 0000 2020 REVENUES 4 Construction services income 1,185,022 951,326 640,740 474,714 Other service income 6,566 4,237 - - Sales income 235 - - - Interest income - 227 - 227 Other income 8,157 7,576 10,529 9,053 Total revenues 1,199,980 963,366 651,269 483,994 EXPENSES Cost of construction services 4 1,237,883 854,983 725,013 406,836 Cost of other services 3,204 2,643 - - Cost of sales 131 - - - Administrative expenses 61,838 80,862 47,910 74,310 Total expenses 1,303,056 938,488 772,923 481,146 Profit (loss) before share of profit (loss) from investments in associates and joint ventures, finance cost and income tax expenses (103,076) 24,878 (121,654) 2,848 Share of profit (loss) from investments in joint ventures 12.2 (1,309) (1,855) - - Profit (loss) before finance cost and income tax expenses (104,385) 23,023 (121,654) 2,848 Finance cost 4 7,454 5,710 9,419 7,549 Profit (loss) before income tax expenses (111,839) 17,313 (131,073) (4,701) Income tax income (expenses) 20 1,892 (6,119) 12,321 35 PROFIT (LOSS) FOR THE PERIOD (109,947) 11,194 (118,752) (4,666) Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements Notes 0000 0000 0000 2020 Other comprehensive income: Components of other comprehensive income that will be reclassified to profit or loss Exchange differences on translation of financial statements in foreign currency (977) (2,891) - - Components of other comprehensive income that will not be reclassified to profit or loss Actuarial gains 22,025 - 30,929 - Other comprehensive income for the period - net of income tax 21,048 (2,891) 30,929 - Total comprehensive income for the period (88,899) 8,303 (87,823) (4,666) Profit (loss) attributable to: Equity holders of the Company (109,505) 11,644 (118,752) (4,666) Non-controlling interests of the subsidiaries (442) (450) - - (109,947) 11,194 (118,752) (4,666) Total comprehensive income attributable to: Equity holders of the Company (89,319) 9,873 (87,823) (4,666) Non-controlling interests of the subsidiaries 420 (1,570) - - (88,899) 8,303 (87,823) (4,666) Earnings per share 21 Basic earnings (loss) per share Profit (loss) attributable to equity holders of the Company (0.0114) 0.0012 (0.0124) (0.0005) Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" Issued and TRC CONSTRUCTION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated financial statements Equity attributable to the parent's shareholders Other dificit Retained earnings (deficit) Other components of equity Equity attributable Total Total equity to non-controlling shareholders' paid-up Deficit on Total Appropriated - Statutory reserve Unappropriated Other comprehensive Total other attributable to interests of equity share capital revaluation other deficit The Company Subsidiary components of shareholders of the subsidiaries of investment in subsidiaries Exchange differences on translation of financial statements in foreign currency Share of other comprehensive income from associate shareholders' equity the Company 1,198,393 (2,956) (2,956) - 4,108 (347,048) 14,716 900 15,616 868,113 (28,526) 839,587 - - - - - 11,644 - - - 11,644 (450) 11,194 - - - - - - (1,771) - (1,771) (1,771) (1,120) (2,891) - - - - - 11,644 (1,771) - (1,771) 9,873 (1,570) 8,303 1,198,393 (2,956) (2,956) - 4,108 (335,404) 12,945 900 13,845 877,986 (30,096) 847,890 1,198,393 (2,956) (2,956) - 4,108 (791,218) 16,493 900 17,393 425,720 (29,017) 396,703 - - - - - (109,505) - - - (109,505) (442) (109,947) - - - - - 22,025 (1,839) - (1,839) 20,186 862 21,048 - - - - - (87,480) (1,839) - (1,839) (89,319) 420 (88,899) 1,198,393 (2,956) (2,956) - 4,108 (878,698) 14,654 900 15,554 336,401 (28,597) 307,804 Balance as at January 1, 2020 Profit (loss) for the period Other comprehensive income for the period Total comprehensive income for the period Balance as at March 31, 2020 Balance as at January 1, 2021 Profit (loss) for the period Other comprehensive income for the period Total comprehensive income for the period Balance as at March 31, 2021 Notes to interim financial statements form an integral part of these statements. " UNAUDITED" " REVIEWED" TRC CONSTRUCTION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Separate financial statements Issued and Retained earnings (deficit) Total paid-up Appropriated - Unappropriated shareholders' share capital Statutory reserve equity Balance as at January 1, 2020 1,198,393 - (551,368) 647,025 Profit (loss) for the period - - (4,666) (4,666) Other comprehensive income for the period - - - - Total comprehensive income for the period - - (4,666) (4,666) Balance as at March 31, 2020 1,198,393 - (556,034) 642,359 Balance as at January 1, 2021 1,198,393 - (771,499) 426,894 Profit (loss) for the period - - (118,752) (118,752) Other comprehensive income for the period - - 30,929 30,929 Total comprehensive income for the period - - (87,823) (87,823) Balance as at March 31, 2021 1,198,393 - (859,322) 339,071 Notes to interim financial statements form an integral part of these statements. STATEMENT OF CASH FLOWS FOR THE THREE-MONTH PERIOD MARCH 31, 2021 In Thousand Baht Consolidated financial statements Separate financial statements 0000 0000 0000 2020 Cash flows from operating activities Profit (loss) before tax (111,839) 17,313 (131,073) (4,701) Adjustments to reconcile profit (loss) before tax to net cash provided by (paid from) operating activities Depreciation and amortisation 18,540 29,460 15,087 25,865 Allowance for doubtful debt - - - 3,688 Unrealised (gain) loss on exchange rate (21) (356) (21) (355) (Gain) loss on disposal of equipment (94) (237) (93) - Loss on write-off of equipment 12 10 12 8 (Gain) loss from cancellation of lease agreement (52) - (66) - Share of (profit) loss from investments in joint venture 1,236 1,855 - - Provision for liabilities under construction projects 138,466 1,000 138,466 - Non-current provisions for employee benefits 3,284 3,687 2,317 3,035 Interest income - (227) - (227) Interest expenses 7,454 5,710 9,419 7,549 Profit (loss) from operating activities before changes in operating assets and liabilities 56,986 58,215 34,048 34,862 (Increase) decrease in operating assets Trade and other current receivables (61,741) 546,139 (48,405) 384,902 Unbilled receivables (373,662) (301,478) (200,572) (332,971) Accounts receivable - retention under construction contracts (38,962) (36,499) (17,201) (4,621) Advance paid to subcontractors under construction contracts 119,015 54,489 129,186 24,588 Construction in progress 36,291 (129,989) 76,316 25,788 Inventories (20,353) (2) - - Other current assets (8,153) (1,627) (4,734) 4,074 Other non-current assets (690) (688) 8 1 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated financial statements Separate financial statements 0000 0000 0000 2020 Increase (decrease) in operating liabilities Trade and other current payables 152,220 (88,972) 48,619 (33,517) Unbilled payables 186,437 85,554 62,318 105,112 Unearned construction revenue (9,980) - (9,980) - Accounts payable - retention under construction contracts 19,316 11,620 6,880 (6,747) Advances received from customers under construction contracts (26,694) (45,707) (73,321) (13,123) Other current liabilities (4,239) (23,102) (5,567) (24,651) Cash flows from provide by (used in) operating activities 25,791 127,953 (2,405) 163,697 Xxxx paid for provision for liabilities under construction projects (129,589) (32,909) (78,994) (880) Cash paid for non-current provision for employee benefits (2,600) (3,695) - (3,367) Cash paid for income tax (17,952) (23,145) (11,519) (15,358) Received from withholding tax refund 6,522 20,999 - 20,999 Net cash flows provided by (used in) operating activities (117,828) 89,203 (92,918) 165,091 Cash flows from investing activities Decrease in restricted deposits at banks 28,996 - 28,996 - Decrease in short-term loans to related parties - - - (3,688) Cash paid for investing in subsidiaries - - (300) - Cash paid for investing in joint venture - (74,625) - (74,625) Interest income - 227 - 227 Xxxx received from disposal of equipment 96 336 93 - Cash paid for purchase of property, plant and equipment (27,771) (4,331) (25,518) (3,853) Cash paid for purchase of intangible assets (79) - (30) - Net cash flows provided by (used in) investing activities 1,242 (78,393) 3,241 (81,939) Cash flows from financing activities Increase (decrease) in bank overdrafts and short-term loans from financial institutions 96,351 23,787 42,702 72,787 Cash receive from short-term loans from related parties - - 114,000 208,000 Cash paid for short-term loans from related parties - - (28,000) (331,000) Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated financial statements Separate financial statements 0000 0000 0000 2020 Repayment of debentures - (30,000) - (30,000) Interest expenses (7,009) (5,777) (3,303) (8,175) Decrease in lease liabilities (4,084) (3,189) (2,536) (1,361) Net cash flows provided by (used in) financing activities 85,258 (15,179) 122,863 (89,749) Increase (decrease) in translation adjustment (977) (2,891) - - Net increase (decrease) in cash and cash equivalents (32,305) (7,260) 33,186 (6,597) Cash and cash equivalents at the beginning of the period 89,785 182,190 2,248 94,272 Cash and cash equivalents at the end of the period 57,480 174,930 35,434 87,675 Supplemental cash flows information Non-cash items consist of Increase (decrease) in purchase of fixed assets and intangible assets that have yet to be paid (7,180) (2,533) (5,497) (2,123) Accrued payables the investment in subsidiaries - - - 125 Lease liabilities 7,877 25,814 7,877 12,275 Notes to interim financial statements form an integral part of these statements.

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November May 13, 2019 2024 (Miss Xxxxxxx XxxxxxxxxxxxXxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 7318 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September March As at December As at September March As at December Notes 30, 2019 31, 2018 30, 2019 2024 31, 2018 2023 31, 2024 31, 2023 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 6 98,082 144,927 27,972 68,431 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 7 159,785 200,846 1,203,455 1,181,174 Unbilled revenue from construction service 8 - 3,766 - - Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 9 6,436,782 6,451,652 4,056,198 4,072,556 Deposits for land 17 275,200 280,900 275,200 280,900 10 - - - - Short-term loans to related parties 4 5 - - 1,229,163 1,148,330 1,034,476 1,066,260 Current tax assets 7,001 38,439 1,897 12,070 Other current financial assets 87 87 87 87 Other current assets 23,034 5,987 15,812 1,849 2,977 2,977 - - Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 6,704,714 6,842,694 6,324,085 6,400,578 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 15.8 490,379 919,650 478,226 919,650 Investments in subsidiaries 8 11 - - 313,000 311,000 2,913,995 2,913,995 Land held for development 1,648,349 1,650,579 923,926 926,196 Investment properties 9 478,630 451,650 433,630 412,040 554,904 554,904 516,104 516,104 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 12 492,959 496,215 491,208 494,427 Right-of-use assets 13 279,028 282,719 7,532 8,238 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 14 2,745,838 2,695,846 - - Intangible assets 15,383 18,675 13,495 16,406 3,411 3,708 2,986 3,268 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 79,365 83,183 26,584 27,369 Retention receivables from construction 65,663 76,254 - - Other non-current assets 31,887 50,039 22,837 39,892 122,078 83,630 49,570 37,492 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 6,481,974 6,846,688 5,410,131 5,846,739 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 13,186,688 13,689,382 11,734,216 12,247,317 Notes to interim financial statements form an integral part of these statements.. In Thousand Baht Consolidated Separate

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13August 10, 2019 2020 (Miss Xxxxxxx XxxxxxxxxxxxXxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 7318 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at September June As at December As at September June As at December Notes 30, 2019 2020 31, 2018 2019 30, 2019 2020 31, 2018 CURRENT ASSETS 2019 Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 57,147 27,210 49,089 19,195 Trade and other current receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 Property development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held for land 17 275,200 280,900 275,200 280,900 Short-term loans to related parties 4 - - 1,229,163 1,148,330 development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 23,034 5,987 15,812 1,849 2,054 3,310 2,116 3,330 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment in subsidiaries 8 12 - - 313,000 311,000 86,864 79,364 Investment properties 9 478,630 451,650 433,630 412,040 property 13 206,549 192,201 206,549 192,201 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - Intangible assets 15,383 18,675 13,495 16,406 16 4,260 4,653 4,148 4,528 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 17 16,983 14,645 15,261 12,923 Other non-current assets 31,887 50,039 22,837 39,892 8,958 9,387 8,888 9,267 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 358,606 328,854 433,947 397,754 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements.. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - 66,666 23,240 70,862 22,668 Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - 66,666 23,240 70,862 22,668 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 Add (less) Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Decrease (increase) in operating assets Trade and other current receivables (1,539) (91) 177 - Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 Xxxx received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - Xxxx paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 Increase (decrease) in bank overdrafts and short-term loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November August 13, 2019 2020 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 4752 THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER JUNE 30, 2019 2020 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September June As at December Notes 30, 2019 2020 31, 2018 30, 2019 31, 2018 CURRENT ASSETS Current assets Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 6 55,488,862.95 197,575,211.34 Trade and other receivable 7 181,179,696.57 149,432,405.53 Current portion of finance lease receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 Short-term loans to related parties 4 - - 1,229,163 1,148,330 8 15,228,315.04 9,579,165.92 Inventories 9 103,422,784.72 47,292,148.84 Other current assets 23,034 5,987 15,812 1,849 2,446,909.39 4,033,393.62 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 NON357,766,568.67 407,912,325.25 Non-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments in subsidiaries current assets Restricted bank deposit 10 21,290,032.94 21,148,058.09 Finance lease receivables 8 - - 313,000 311,000 Investment properties 9 478,630 451,650 433,630 412,040 48,302,482.82 25,052,927.81 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 11 141,132,725.08 145,126,213.80 Right-of-use assets 12 18,033,382.18 - Intangible assets 15,383 18,675 13,495 16,406 13 260,615.26 283,326.75 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 14 1,562,010.73 3,092,665.27 Other non-current assets 31,887 50,039 22,837 39,892 32,496,763.67 28,995,251.20 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 263,078,012.68 223,698,442.92 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 620,844,581.35 631,610,768.17 Note to interim financial statements form an integral part of these statements. THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF FINANCIAL POSITION (CONT.) AS AT JUNE 30, 2020 LIABILITIES AND SHAREHOLDERS’ EQUITY Baht As at June As at December Notes 30, 2020 31, 2019 Current liabilities Trade and other payables 16 195,850,173.28 152,443,213.37 Current portion of long-term loan from financial institution 18 4,858,873.78 5,425,135.74 Current portion of liability under lease agreements 19 4,251,808.68 3,147,934.51 Income tax payable 1,286,788.79 374,688.27 Other current liabilities 17 3,203,865.43 4,098,766.08 Total current liabilities 209,451,509.96 165,489,737.97 Non-current liabilities Long-term loan from financial institution 18 - 26,102,945.19 Liability under lease agreements 19 6,855,509.46 4,698,649.32 Employee benefit obligations 20 19,352,054.55 18,330,893.03 Other non-current liabilities 34,819,541.63 37,151,535.49 Total non-current liabilities 61,027,105.64 86,284,023.03 TOTAL LIABILITIES 270,478,615.60 251,773,761.00 Note to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF FINANCIAL POSITION (CONT.) AS AT JUNE 30, 2020 LIABILITIES AND SHAREHOLDERS’ EQUITY (CONT.) Baht As at June As at December Notes 30, 2020 31, 2019 Shareholders' equity Share capital Authorised share capital 280,000,000 ordinary shares of Baht 0.50 each 140,000,000.00 140,000,000.00 Issued and paid-up share capital 280,000,000 ordinary shares of Baht 0.50 each 140,000,000.00 140,000,000.00 Premium on share capital 153,294,618.30 153,294,618.30 Surplus on share-based payment transactions 6,754,000.00 6,754,000.00 Retained earnings Appropriated Legal reserve 12,446,049.54 12,446,049.54 Unappropriated 37,871,297.91 67,342,339.33 TOTAL SHAREHOLDERS' EQUITY 350,365,965.75 379,837,007.17 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 620,844,581.35 631,610,768.17 Note to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE-MONTH AND SIX-MONTH PERIOD ENDED JUNE 30, 2020 Baht For the three-month period For the six-month period ended June 30, ended June 30, 2020 2019 2020 2019 Revenues Revenues from sales and services Interest income Other income Total revenues Expenses Cost of sales and services Selling expenses Administrative expenses Other expense Total expense Profit from operating activities Finance cost Profit before income tax expense Income tax expense Profit for the period Other comprehensive income Total comprehensive income for the period Earnings per share Basic earnings per share 126,527,090.98 10,108,665.54 28,156,767.67 - 164,792,524.19 19,557,374.00 194,481.63 19,362,892.37 3,779,447.29 15,583,445.08 - 15,583,445.08 125,640,696.12 11,801,919.36 25,356,764.43 70,617.19 162,869,997.10 16,808,704.87 115,682.43 16,693,022.44 3,465,313.09 13,227,709.35 - 13,227,709.35 236,171,406.22 17,466,497.84 54,743,697.46 - 308,381,601.52 34,664,277.81 719,343.66 33,944,934.15 6,700,925.21 27,244,008.94 - 27,244,008.94 222,744,888.30 21,585,220.46 49,654,618.31 161,361.37 294,146,088.44 28,621,224.24 591,788.93 28,029,435.31 5,876,452.71 22,152,982.60 - 22,152,982.60 Notes 182,974,644.65 806,949.43 568,304.11 184,349,898.19 178,466,118.15 767,089.28 445,494.54 179,678,701.97 341,024,402.62 1,387,049.43 634,427.28 343,045,879.33 321,312,749.56 1,002,068.58 452,494.54 322,767,312.68 24 0.06 0.07 0.10 0.11 Note to interim financial statements form an integral part of these statements. THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2020 “UNAUDITED” “REVIEWED” Baht Share capital Premium on Surplus on Retained earnings Total Issued and share capital Share-based Appropriated unappropriated Paid-up Payment Legal reserve transactions 140,000,000.00 153,294,618.30 6,754,000.00 12,446,049.54 67,342,339.33 379,837,007.17 - - - - (715,050.36) (715,050.36) 140,000,000.00 153,294,618.30 6,754,000.00 12,446,049.54 66,627,288.97 379,121,956.81 - - - - (56,000,000.00) (56,000,000.00) - - - - 27,244,008.94 27,244,008.94 140,000,000.00 153,294,618.30 6,754,000.00 12,446,049.54 37,871,297.91 350,365,965.75 Balance as at January 1, 2020 Adjustment Cumulative effects of changes in accounting policies due to the adoption of new financial reporting standards Balance as at January 1, 2020 (Restated) Dividend Profit for the period Balance as at June 30, 2020 Notes Balance as at January 1, 2019 Dividend 21 Profit for the period Balance as at June 30, 2019 100,000,000.00 - 6,754,000.00 10,000,000.00 67,795,624.51 184,549,624.51 - - - - (45,000,000.00) (45,000,000.00) - - - - 22,152,982.60 22,152,982.60 100,000,000.00 - 6,754,000.00 10,000,000.00 44,948,607.11 161,702,607.11 Notes to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF CASH FLOWS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2020 Baht 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES : Profit for the period 27,244,008.94 22,152,982.60 Reconciliations of profit for the period to net cash provided by (used in) operating activities Depreciation 4,799,322.24 2,453,412.62 Amortization of intangible assets 22,711.49 24,581.33 Allowance for doubtful debt 1,198,681.18 - Provision of allowance for decline in value of inventories (reversal) (28,896.00) (177,134.00) (Gain) loss on disposal of building improvement and equipment (401,455.25) - Employee benefits expenses 1,222,661.52 4,282,128.06 Interest income (1,387,049.43) (1,002,068.58) Finance costs 719,343.66 591,788.93 Income tax expense 6,700,925.21 5,876,452.71 Profit from operating before changes in operating assets and liabilities 40,090,253.56 34,202,143.67 (Increase) decrease in operating assets Trade and other accounts receivable (33,615,403.10) 35,526,566.28 Finance lease receivables (29,166,224.26) (19,369,035.33) Unbilled receivable - 12,741,000.00 Inventories (56,101,739.88) (33,205,550.28) Other current assets 1,586,484.23 (152,963.37) Other non-current assets (3,458,374.41) (752,303.75) Note to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF CASH FLOWS (CONT.) FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2020 Baht 2020 2019 Increase (decrease) in operating liabilities Trade and other payables 43,406,959.91 52,732,816.44 Other current liabilities (894,900.65) (4,415,082.86) Employee benefits obligations (201,500.00) (315,200.00) Other non-current liabilities (2,331,993.86) 8,396,375.01 Cash generated (paid) from operating (40,686,438.46) 85,388,765.81 Interest received 1,387,049.43 1,002,068.58 Income tax paid (4,079,407.56) (7,969,805.94) Net cash provided by (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES : (43,378,796.59) 78,421,028.45 (Increase) decrease in restricted bank deposit (141,974.85) (139,856.23) Cash payments to acquire property, plant and equipment (13,112,459.62) (19,238,050.12) Cash received from sale of equipment 409,883.17 - Net cash provided by (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES : (12,844,551.30) (19,377,906.35) Cash payment from long-term loan from financial institution (26,704,257.90) - Cash payments for liabilities under lease agreements (2,474,449.69) (2,156,426.95) Dividend paid (56,000,000.00) (20,000,000.00) Interest paid (684,292.91) (591,788.93) Net cash provided by (used in) financing activities (85,863,000.50) (22,748,215.88) Increase (decrease) in cash and cash equivalent, net (142,086,348.39) 36,294,906.22 Cash and cash equivalent, at beginning of period 197,575,211.34 10,166,009.85 Cash and cash equivalent, at end of period 55,488,862.95 46,460,916.07 Supplement disclosure for cash flows information : Purchase of asset under financial lease agreements Dividend payable 5,735,184.00 - 3,821,250.00 25,000,000.00 Note to interim financial statements form an integral part of these statements. NOTES TO INTERIM FINANCIAL STATEMENTS JUNE 30, 2020

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 13August 14, 2019 2014 2014/883/0274 (Miss Xxxxxxx Xxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 ASSETS In Thousand Baht Consolidated Separate Financial Statements Separate Financial Statements As at September June As at December As at September June As at December Notes Note 30, 2019 2014 31, 2018 2013 30, 2019 2014 31, 2018 2013 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 29,997 30,638 27,518 26,860 Short-term loans investments 000 000 000 670 Trade accounts receivable 5 132 24,683 - - Short-term loan to related parties 4 - - 1,229,163 1,148,330 20,500 19,300 Inventories 6, 16 321,166 403,886 315,250 394,878 Property development costs 7, 16 2,523,030 2,546,147 2,523,555 2,547,515 Land held for development 8, 16 1,248,128 1,211,563 1,179,272 1,211,207 Deposit from purchase land - 1,800 - 1,800 Other current assets 23,034 5,987 15,812 1,849 35,124 33,186 32,215 30,809 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 4,158,252 4,252,573 4,098,985 4,233,039 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 268,272 194,844 262,084 188,667 Investments 9 9,015 9,012 8,787 8,785 Investment in associated company 10 - - - - Investment in subsidiaries 8 10 - - 313,000 311,000 11,864 11,864 Investment properties 9 478,630 451,650 433,630 412,040 property 11 215,881 - 215,881 - Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 12 157,647 164,471 153,211 159,883 Intangible assets 15,383 18,675 13,495 16,406 13 4,413 4,073 4,413 4,073 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 22 12,353 10,450 12,334 10,438 Other non-current assets 31,887 50,039 22,837 39,892 8,159 6,687 5,473 4,533 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 407,468 194,693 411,963 199,576 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,565,720 4,447,266 4,510,948 4,432,615 Notes to interim financial statements form an integral part of these statements. STATEMENTS OF FINANCIAL POSITION (CONT.) AS AT JUNE 30, 2014

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 137, 2019 (Miss Xxxxxxx Xxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements financial statements financial statements As at September 30, As at December 31, As at September 30, As at December Notes 30, 2019 31, Notes 2019 2018 30, 2019 31, 2018 CURRENT ASSETS Cash and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 5 329,397 892,369 163,694 719,866 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 4, 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 Short-term loans to related parties 4 - - 1,229,163 1,148,330 Other current assets 23,034 5,987 15,812 1,849 1,083,339 418,473 1,127,378 552,139 Inventories 7 1,600,265 1,114,413 1,525,404 1,032,508 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 3,013,001 2,425,255 2,816,476 2,304,513 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Loan to related party 4 - - 443,168 289,215 Loan to employee 8 82,085 69,452 82,085 69,452 Investments in associates 9 - - - - Investments in subsidiaries 8 10 - - 313,000 311,000 Investment properties 9 478,630 451,650 433,630 412,040 266,307 275,464 Property, plant and equipment 316,835 341,762 274,893 308,363 11 1,315,216 1,357,272 785,575 817,232 Goodwill 10.1 20,837 21,553 - - Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 expense (Land leasehold) 12 140,117 145,431 - - Intangible assets 15,383 18,675 13,495 16,406 10,012 6,387 5,597 3,951 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 13 4,687 7,889 4,687 7,889 Other non-current assets 31,887 50,039 22,837 39,892 559 578 8 8 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 1,573,513 1,608,562 1,587,427 1,463,211 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 4,586,514 4,033,817 4,403,903 3,767,724 Notes to interim financial statements form an integral part of these statements. STATEMENT OF FINANCIAL POSITION (CONT.) AS AT SEPTEMBER 30, 2019 LIABILITIES In Thousand Baht Consolidated Separate financial statements financial statements CURRENT LIABILITIES As at As at As at As at September 30, December 31, September 30, December 31, Notes 2019 2018 2019 2018 Short-term loan from financial institution 14 23,953 160,846 - - Trade and other payables 4, 15 1,386,866 713,491 1,270,634 621,261 Current portion of financial lease agreements 1,042 1,038 562 - Income tax payable 2,591 150 2,534 97 Total current liabilities 1,414,452 875,525 1,273,730 621,358 NON-CURRENT LIABILITIES Financial lease agreements 2,357 177 2,113 - Deferred tax liabilities 13 44,049 46,308 - - Employee benefit obligations 16 23,387 18,860 23,387 18,860 Provision for warranty 17 74,318 122,679 73,414 121,745 Provision for other liabilities - 830 - 830 Total non-current liabilities 144,111 188,854 98,914 141,435 TOTAL LIABILITIES 1,558,563 1,064,379 1,372,644 762,793 Notes to interim financial statements form an integral part of these statements. STATEMENT OF FINANCIAL POSITION (CONT.) AS AT SEPTEMBER 30, 2019 SHAREHOLDERS' EQUITY In Thousand Baht Consolidated Separate financial statements financial statements As at September 30, As at December 31, As at September 30, As at December 31, Notes 2019 2018 2019 2018 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised share capital 500 million ordinary shares of Baht 1 each 500,000 500,000 500,000 500,000 Issued and paid-up share capital 500 million ordinary shares of Baht 1 each, fully paid 500,000 500,000 500,000 500,000 PREMIUM ON ORDINARY SHARES 140,000 140,000 140,000 140,000 PREMIUM (DISCOUNT) ON TREASURY SHARES (153,610) (153,610) (153,610) (153,610) PROPORTION IN SUBSIDIARY (15,250) (15,250) - - RETAINED EARNINGS Appropriated Legal reserve 50,000 50,000 50,000 50,000 Treasury share reserve 295,812 295,812 295,812 295,812 Unappropriated 3,292,233 3,141,151 3,363,200 3,218,000 OTHER COMPONENTS OF SHAREHOLDERS' EQUITY (848,963) (748,510) (868,331) (749,459) Less Treasury shares (295,812) (295,812) (295,812) (295,812) NON-CONTROLLING INTERESTS 63,541 55,657 - - TOTAL SHAREHOLDERS' EQUITY 3,027,951 2,969,438 3,031,259 3,004,931 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 4,586,514 4,033,817 4,403,903 3,767,724 DIFFERENCE FROM CHANGE IN SHAREHOLDING Notes to interim financial statements form an integral part of these statements. STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2019 In Thousand Baht Consolidated Separate financial statements financial statements Notes 2019 2018 2019 2018 REVENUES Revenue from sales and rendering of services 951,425 1,018,399 924,929 947,549 Other incomes 16,510 4,203 17,761 3,204 Total revenues 967,935 1,022,602 942,690 950,753 EXPENSES Cost of sales of goods and rendering of services 4 584,999 798,799 582,691 759,122 Selling expenses 102,557 98,548 102,557 98,001 Administrative expenses 54,858 62,611 40,571 41,046 Loss on exchange rate 10,867 12,490 8,285 16,723 Management benefit expenses 8,460 8,832 6,049 6,242 Finance costs 740 2,300 354 494 Total expenses 762,481 983,580 740,507 921,628 Profit before income tax revenue (expense) 205,454 39,022 202,183 29,125 Income tax revenue (expense) (4,384) 12,789 (5,094) 11,946 PROFIT (LOSS) FOR THE PERIOD 201,070 51,811 197,089 41,071 Notes to interim financial statements form an integral part of these statements. STATEMENT OF COMPREHENSIVE INCOME (CONT.) FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2019 In Thousand Baht Consolidated Separate financial statements financial statements Notes 2019 2018 2019 2018 OTHER COMPREHENSIVE INCOME (LOSS) Transactions that maybe reclassified after entering into profit or loss statement Exchange differences from convesion of financial statements (32,304) (123,929) (35,917) (132,735) Transactions that will not be reclassified after entering into profit or loss statement - - - - OTHER COMPREHENSIVE INCOME FOR THE PERIOD (32,304) (123,929) (35,917) (132,735) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 168,766 (72,118) 161,172 (91,664) PROFIT (LOSS) ATTRIBUTABLE TO : Owners of the Company 200,816 47,532 197,089 41,071 Non-controlling interests 254 4,279 - - 201,070 51,811 197,089 41,071 TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO : Owners of the Company 168,512 (76,397) 161,172 (91,664) Non-controlling interests 254 4,279 - - 168,766 (72,118) 161,172 (91,664) BASIC EARNINGS (LOSS) PER SHARE 19 0.42 0.11 0.41 0.09 Notes to interim financial statements form an integral part of these statements. STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2019 In Thousand Baht Consolidated Separate financial statements financial statements Notes 2019 2018 2019 2018 REVENUES Revenue from sales and rendering of services 2,310,634 2,649,945 2,191,951 2,499,643 Other incomes 36,747 29,740 39,238 26,797 Gain on exchange rate 8,332 - 9,352 - Total revenues 2,355,713 2,679,685 2,240,541 2,526,440 EXPENSES Cost of sales of goods and rendering of services 4 1,561,827 1,773,003 1,517,354 1,697,578 Selling expenses 196,538 307,911 196,538 307,364 Administrative expenses 166,675 246,619 116,994 166,366 Loss on exchange rate - 16,382 - 18,920 Management benefit expenses 26,216 24,671 18,832 18,431 Finance costs 4,995 7,733 2,921 2,751 Total expenses 1,956,251 2,376,319 1,852,639 2,211,410 Profit before income tax revenue (expense) 399,462 303,366 387,902 315,030 Income tax revenue (expense) 18 (3,243) (11,232) (5,449) (13,955) PROFIT (LOSS) FOR THE PERIOD 396,219 292,134 382,453 301,075 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate financial statements financial statements Notes 2019 2018 2019 2018 OTHER COMPREHENSIVE INCOME (LOSS) Transactions that maybe reclassified after entering into profit or loss statement Exchange differences on translating financial statements Transactions that will not be reclassified after entering into profit (100,453) (36,853) (118,872) (38,921) or loss statement Actuarial gains for employee benefit plan 16 1,542 - 1,542 - Income tax relating to other comprehensive income (308) - (308) - OTHER COMPREHENSIVE INCOME FOR THE PERIOD (99,219) (36,853) (117,638) (38,921) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 297,000 255,281 264,815 262,154 PROFIT (LOSS) ATTRIBUTABLE TO : Owners of the Company 388,335 290,149 382,453 301,075 Non-controlling interests 7,884 1,985 - - 396,219 292,134 382,453 301,075 TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO : Owners of the Company 289,116 253,296 264,815 262,154 Non-controlling interests 7,884 1,985 - - 297,000 255,281 264,815 262,154 BASIC EARNINGS (LOSS) PER SHARE 19 0.81 0.64 0.80 0.67 Notes to interim financial statements form an integral part of these statements. M.C.S. STEEL PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENTOF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE-MONTH PERIOD SEPTEMBER 30, 2019 In Thousand Baht Consolidated financial statements "UNAUDITED" "REVIEWED" Issued and Premium Premium Difference from Paid-up on Ordinary (discount) change in Retained Earnings Appropriated Other Components of Shareholders' Equity Total Equity Non- Total Unappropriated Exchange Differences Total Attributable to Treasury controlling Shareholders' For the nine-month period ended September 30, 2019 Note Share Capital Shares on treasury shareholding Legal Reserve Treasury shares on Translating Other Owners shares Interests Equity Shares proportion reserve Financial Statements Components of of the Company in subsidiary Shareholders' Equity Balance as at January 1, 2019 500,000 140,000 (153,610) (15,250) 50,000 295,812 3,141,151 (748,510) (748,510) 3,209,593 (295,812) 55,657 2,969,438 Dividend paid 20 - - - - - - (238,487) - - (238,487) - - (238,487) Profit (loss) for the period - - - - - - 388,335 - - 388,335 - 7,884 396,219 Other comprehensive income (loss) - - - - - - 1,234 (100,453) (100,453) (99,219) - - (99,219) Total comprehensive income (loss) for the period - - - - - - 389,569 (100,453) (100,453) 289,116 - 7,884 297,000 Balance as at September 30, 2019 500,000 140,000 (153,610) (15,250) 50,000 295,812 3,292,233 (848,963) (848,963) 3,260,222 (295,812) 63,541 3,027,951 For the nine-month period ended September 30, 2018 Beginning balance, as at January1, 2018 500,000 140,000 - - 50,000 643,070 2,556,945 (693,110) (693,110) 3,196,905 (643,070) 41,626 2,595,461 Diposals of treasury shares - - (59,862) - - (135,044) 135,044 - - (59,862) 135,044 - 75,182 Dividened paid - - - - - - (179,984) - - (179,984) - - (179,984) Profit (loss) for the period - - - - - - 290,149 - - 290,149 - 1,985 292,134 Other comprehensive income (loss) - - - - - - - (36,853) (36,853) (36,853) - - (36,853) Change in shareholding proportion in subsidiary - - - (15,250) - - - - - (15,250) - 10,460 (4,790) Total comprehensive income (loss) for the period - - - (15,250) - - 290,149 (36,853) (36,853) 238,046 - 12,445 250,491 Balance as at September 30, 2018 500,000 140,000 (59,862) (15,250) 50,000 508,026 2,802,154 (729,963) (729,963) 3,195,105 (508,026) 54,071 2,741,150 Comprehensive income (loss) for the period Comprehensive income (loss) for the period Notes to interim financial statements form an integral part of these statements. M.C.S. STEEL PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENTOF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE-MONTH PERIOD SEPTEMBER 30, 2019 "UNAUDITED" "REVIEWED" In Thousand Baht Separate financial statements Issued and Premium Premium (discount) Retained Earnings Other Components of Shareholders' Equity Total Paid-up on Ordinary on treasury Appropriated Unappropriated Exchange Differences Total Shareholders' Share Capital Shares Shares Legal Reserve Treasury share on Translating Other Treasury share Equity reserve Financial Statements Components of Note Shareholders' Equity For the nine-month period ended September 30, 2019 500,000 140,000 (153,610) 50,000 295,812 3,218,000 (749,459) (749,459) (295,812) 3,004,931 20 - - - - - (238,487) - - - (238,487) - - - - - 382,453 - - - 382,453 - - - - - 1,234 (118,872) (118,872) - (117,638) - - - - - 383,687 (118,872) (118,872) - 264,815 Balance as at January 1, 2019 Dividend paid Comprehensive income (loss) for the period Profit (loss) for the period Other comprehensive income (loss) Total comprehensive income (loss) for the period Balance as at September 30, 2019 500,000 140,000 (153,610) 50,000 295,812 3,363,200 (868,331) (868,331) (295,812) 3,031,259 Balance as at January 1, 2018 500,000 140,000 - 50,000 643,070 2,599,605 (727,614) (727,614) (643,070) 2,561,991 Diposals of treasury shares - - (59,862) - (135,044) 135,044 - - 135,044 75,182 Dividend paid - - - - - (179,984) - - - (179,984) Profit (loss) for the period - - - - - 301,075 - - - 301,075 Other comprehensive income (loss) - - - - - - (38,921) (38,921) - (38,921) Total comprehensive income (loss) for the period - - - - - 301,075 (38,921) (38,921) - 262,154 Balance as at September 30, 2018 500,000 140,000 (59,862) 50,000 508,026 2,855,740 (766,535) (766,535) (508,026) 2,719,343 For the nine-month period ended September 30, 2018 Comprehensive income (loss) for the period Notes to interim financial statements form an integral part of these statements.

Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standards Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 138, 2019 (Miss Xxxxxxx XxxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 4752 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at September As at December As at September As at December 30, 2019 31, 2018 30, 2019 31, 2018 Cash and cash equivalents 71,750 29,219 59,461 26,623 Short-term investments 952 946 710 706 Trade accounts receivable 91 - - - Short-term loan to related parties 4 - - - - Inventories 5 195,734 311,754 195,734 311,754 Property development costs 6 1,545,650 1,597,714 1,545,650 1,597,714 Land held for development 7 1,922,371 1,954,096 1,848,963 1,880,688 Other current assets 4 9,410 11,816 9,327 11,861 Total current assets 3,745,958 3,905,545 3,659,845 3,829,346 NON-CURRENT ASSETS Deposit pledged as collateral 8 13,409 9,242 13,409 9,242 Investment in subsidiaries 9 - - 79,364 71,864 Investment property 10 190,627 194,086 190,627 194,086 Property, plant and equipment 11 87,085 106,705 87,057 106,698 Intangible assets 12 4,503 4,764 4,503 4,764 Witholding tax 1,869 11,178 1,773 10,989 Deferred tax asstes 21 14,334 14,095 12,613 12,374 Other non-current assets 3,396 4,012 3,336 4,012 Total non-current assets 315,223 344,082 392,682 414,029 TOTAL ASSETS 4,061,181 4,249,627 4,052,527 4,243,375 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December Notes Note 30, 2019 31, 2018 30, 2019 31, 2018 CURRENT ASSETS Cash LIABILITIES Bank overdrafts and cash equivalents 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other receivables 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 275,200 280,900 275,200 280,900 Shortshort-term loans from the financial institutions 13 326,980 456,425 326,980 456,425 Trade notes payable 25,696 24,301 25,696 24,301 Trade accounts payable and other payable 75,077 59,114 75,077 59,108 Payable to related parties 4 37,316 39,738 37,546 41,355 Accrued expenses 4 11,451 36,349 11,387 35,372 Accrued corporate income tax Current portion of long-term loan from 39 9,014 - 9,014 the financial institutions 14 273,495 395,424 273,495 395,424 Short-term loan from other company 15 - 48,162 - 48,162 Short-term loan from related parties 4 229,000 230,000 229,000 229,000 Short-term loan from the director 4 2,500 3,000 - - 1,229,163 1,148,330 Advance received from customers 7,250 3,077 7,250 3,077 Retention from contractors 69,514 74,043 69,256 73,785 Other current assets 23,034 5,987 15,812 1,849 liabilities 3,764 3,006 3,674 2,915 Total current assets 12,421,699 12,100,119 11,331,746 11,072,000 liabilities 1,062,082 1,381,653 1,059,361 1,377,938 NON-CURRENT ASSETS Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments in subsidiaries 8 - - 313,000 311,000 Investment properties 9 478,630 451,650 433,630 412,040 Property, plant and equipment 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 Intangible assets 15,383 18,675 13,495 16,406 Deferred tax assets 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 LIABILITIES Long-term loans from the financial institutions 14 283,207 162,293 283,207 162,293 Employee benefit obligations 16 60,433 55,789 58,856 54,112 Provision for compensation for housing estate juristic persons 17 20,824 19,527 20,824 19,527 Liabilities from purchasing the real estate project 18 42,741 42,741 39,198 39,198 Other non-current assets 31,887 50,039 22,837 39,892 liabilities 3,350 1,985 3,350 1,985 Total non-current assets 2,468,542 2,197,186 2,613,247 2,372,781 liabilities 410,555 282,335 405,435 277,115 TOTAL ASSETS 14,890,241 14,297,305 13,944,993 13,444,781 LIABILITIES 1,472,637 1,663,988 1,464,796 1,655,053 Notes to interim financial statements form an integral part of these statements.. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note As at September As at December As at September As at December 30, 2019 31, 2018 30, 2019 31, 2018 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 74,150 74,150 74,150 74,150 Unappropriated 689,080 688,675 690,767 691,358 Other components of equity - - - - Total equity attributable to company's shareholders 2,586,044 2,585,639 2,587,731 2,588,322 Non-controlling interests 2,500 - - - TOTAL SHAREHOLDER’S EQUITY 2,588,544 2,585,639 2,587,731 2,588,322 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 4,061,181 4,249,627 4,052,527 4,243,375 Notes to interim financial statements form an integral part of these statements. Sales 351,596 304,661 351,596 304,661 Rental income and service 4,532 5,714 3,354 4,365 Other income 4 14,014 3,184 13,822 3,127 Total Revenues 370,142 313,559 368,772 312,153 EXPENSES Cost of sales 4 221,281 194,337 221,281 194,337 Cost for rent and service 4,988 5,289 4,160 4,411 Selling expenses 49,646 41,185 49,646 41,185 Administrative expenses 4 53,947 35,769 53,629 35,545 Management benefit expenses 4 8,751 8,330 8,751 8,330 Finance costs 4 11,720 15,187 11,666 14,702 Total Expenses 350,333 300,097 349,133 298,510 Income (loss) before tax expenses 19,809 13,462 19,639 13,643 Tax expenses (income) 5,151 2,779 5,112 2,779 Profit (loss) for the period 14,658 10,683 14,527 10,864 Other comprehensive income Items that will not be reclassified to profit or loss Actuarial gains (loss) from post-employee benefit, net of income tax (135) - (428) - Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 14,523 10,683 14,099 10,864 Profit (loss) attributable to Shareholders' equity of the parent company 14,658 10,683 14,527 10,864 Non-controlling interests - - - - 14,658 10,683 14,527 10,864 Total comprehensive income attributable to Shareholders' equity of the parent company 14,523 10,683 14,099 10,864 Non-controlling interests - - - - 14,523 10,683 14,099 10,864 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Profit (loss) for the period (Baht per share) 0.012 0.009 0.011 0.009 Notes to interim financial statements form an integral part of these statements. Sales 966,296 1,098,231 966,296 1,098,231 Rental income and service 15,287 16,674 11,622 12,736 Other income 4 16,961 7,188 16,799 8,628 Total Revenues 998,544 1,122,093 994,717 1,119,595 EXPENSES Cost of sales 4 617,142 711,088 617,142 711,088 Cost for rent and service 15,209 15,817 12,556 12,974 Selling expenses 134,160 150,134 134,160 150,134 Administrative expenses 4 126,517 113,985 126,327 113,331 Management benefit expenses 4 26,166 25,391 26,166 25,391 Finance costs 4 32,780 57,091 32,614 56,507 Total Expenses 951,974 1,073,506 948,965 1,069,425 Income (loss) before tax expenses 46,570 48,587 45,752 50,170 Tax expenses (income) 21.2 8,672 11,545 8,557 11,545 Profit (loss) for the period 37,898 37,042 37,195 38,625 Other comprehensive income Items that will not be reclassified to profit or loss Actuarial gains (loss) from post-employee benefit, net of income tax (135) - (428) - Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 37,763 37,042 36,767 38,625 Profit (loss) attributable to Shareholders' equity of the parent company 37,898 37,042 37,195 38,625 Non-controlling interests - - - - 37,898 37,042 37,195 38,625 Total comprehensive income attributable to Shareholders' equity of the parent company 37,763 37,042 36,767 38,625 Non-controlling interests - - - - 37,763 37,042 36,767 38,625 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Profit (loss) for the period (Baht per share) 0.030 0.030 0.030 0.031 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and share capital Appropriated Unappropriated components paid-up legal reserve of equity Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Non-controlling interests increased due to investment in a subsidiary - - - - - - 2,500 2,500 Dividend paid 19 - - Comprehensive income Profit for the period - - - - (37,358) 37,898 - - (37,358) 37,898 - - (37,358) 37,898 Other comprehensive income for the period - - - (135) - (135) - (135) Total comprehensive income for the period - - - 37,763 - 37,763 2,500 37,763 Ending balance as at September 30, 2019 1,245,284 577,530 74,150 689,080 - 2,586,044 2,500 2,588,544 Beginning balance as at January 1, 2018 1,245,284 577,530 Comprehensive income Profit for the period - - 69,150 - 597,374 37,042 - - 2,489,338 37,042 - - 2,489,338 37,042 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 37,042 - 37,042 - 37,042 Ending balance as at September 30, 2018 1,245,284 577,530 69,150 634,416 - 2,526,380 - 2,526,380 Notes to interim financial statements form an integral part of these statements. Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total Beginning balance as at January 1, 2019 Dividend paid Comprehensive income Profit for the period issued and share capital Appropriated Unappropriated components Note paid-up legal reserve of equity 1,245,284 577,530 74,150 691,358 - 2,588,322 19 - - - (37,358) - (37,358) - - - 37,195 - 37,195 Other comprehensive income for the period - - - (428) - (428) Total comprehensive income for the period - - - 36,767 - 36,767 Ending balance as at September 30, 2019 1,245,284 577,530 74,150 690,767 - 2,587,731 577,530 69,150 597,193 - 2,489,157 - - 38,625 - 38,625 Beginning balance as at January 1, 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 38,625 38,625 Ending balance as at September 30, 2018 1,245,284 577,530 69,150 635,818 2,527,782 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 37,898 37,042 37,195 38,625 Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 15,804 18,016 15,797 17,992 Unrealized gain from trading securities (4) (2) (4) (2) Doubtful account 980 - 980 - (Gain) loss from sale and amortization of fixed assets 4,137 2,338 4,364 2,413 (Gain) loss from sale and amortization of investment property 2,963 - 2,963 - Allowance for loss on impairment of fixed assets (reverse) (1,449) (1,889) (1,449) (1,889) Provision for compensation for housing estate juristic persons 1,297 2,830 1,297 2,830 Employee benefit expenses 3,437 2,523 3,276 2,418 Interest income (128) (1,558) (124) (1,554) Interest expenses 32,802 57,091 32,614 56,507 Tax expenses (income) 8,672 11,545 8,557 11,545 Income from operating activities before changes in operating assets and liabilities 106,409 127,936 105,466 128,885 Decrease (increase) in operating assets Trade accounts receivable (91) (24) - - Inventories 116,020 99,378 116,020 99,378 Property development costs 69,017 272,927 69,017 272,927 Land held for development 38,267 (78,774) 38,267 (78,774) Deposit from purchase land - - - - Other current assets 1,425 (7,514) 1,554 (1,416) Other non-current assets 616 430 677 430 Notes to interim financial statements form an integral part of these statements. 2019 2018 2019 2018 Increase (decrease) in operating liabilities Trade notes payable 1,394 (23,108) 1,394 (23,108) Trade accounts payable and other payable 15,964 (18,953) 15,969 (19,189) Payable to related parties (2,422) (8) (3,810) 46 Accrued expenses (20,826) (6,377) (19,997) (6,375) Advance received from customers 4,173 (1,553) 4,173 (1,553) Retention from contractors (4,529) (4,866) (4,529) (4,866) Other current liabilities 758 101,098 759 101,071 Other non-current liabilities 1,364 - 1,364 - Cash receivable (paid) from the operations 327,539 460,592 326,324 467,456 Xxxx received from interest income 128 7,618 124 7,614 Witholding taxes refunded from Revenue Department 11,084 6,890 10,989 6,765 Income tax expenses paid (19,553) (11,586) (19,475) (11,519) Net cash provided by (used in) operating activities 319,198 463,514 317,962 470,316 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - - 55,000 Increase in temporary investment (2) - - - Increase in deposit pledged as collateral (4,167) (60) (4,167) (60) Proceeds from sales of fixed assets 11,000 155 10,769 80 Cash paid for purchase of fixed assets (1,976) (2,492) (1,947) (2,492) Cash paid for purchase of investment property (6,838) - (6,838) - Cash paid for purchase of intangible assets (298) (81) (298) (81) Cash received from capital in subsidiary 13,750 - - - Cash paid for increase of capital in subsidiary (11,250) - (7,500) (60,000) Net cash provided by (used in) investing activities 219 (2,478) (9,981) (7,553) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 Increase (decrease) in bank overdrafts and short-term loans from the financial institutions (129,445) 84,766 (129,445) 84,766 Cash paid for liabilities under finance lease agreement (1) (626) (1) (626) Cash received from short-term loan the other company - 50,000 - 50,000 Cash paid for short-term loan from other company (48,162) (106,897) (48,162) (106,897) Xxxx received from short-term loan a related party 6,000 51,100 - 51,100 Cash paid for short-term loan a related party (7,000) (54,100) - (54,100) Xxxx received from short-term loan from the director - 55,600 - 1,500 Cash paid for short-term loan from the directors (500) (69,500) - (18,400) Xxxx received from long-term loans 337,786 362,564 337,786 362,564 Cash paid for long-term loans (338,801) (742,929) (338,801) (742,929) Interest paid (59,405) (94,521) (59,162) (92,944) Dividend paid (37,358) - (37,358) - Net cash provided by (used in) financing activities (276,886) (464,543) (275,143) (465,966) Net increase (decrease) in cash and cash equivalents 42,531 (3,507) 32,838 (3,203) Cash and cash equivalents, beginning of period 29,219 21,952 26,623 19,753 Cash and cash equivalents, end of period 71,750 18,445 59,461 16,550 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 607 827 637 827 Cash at bank 71,143 17,618 58,824 15,723 Total 71,750 18,445 59,461 16,550 2) In quarter 3 of 2019 and 2018, the Company has transferred the land development cost of Baht 85.10 million and Baht 40.57 million into part of land pending development. Notes to interim financial statements form an integral part of these statements. NOTES TO INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2019