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 14, 2018 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 ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 Short-term loans to related parties 4 - - 1,347,556 1,303,804 Other current assets 188,020 90,206 172,485 75,032 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in subsidiaries 8 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 Intangible assets 19,910 21,074 17,512 20,422 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 47,737 55,565 36,620 47,482 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 TOTAL ASSETS 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 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 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 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 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 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967

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 1413, 2018 2024 ASSETS‌ In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September As at December Notes 30, 2018 2024 31, 2017 2023 30, 2018 2024 31, 2017 2023 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 6 99,048 144,927 10,537 68,431 Trade and other current receivables 5 63,982 94,264 607,676 575,568 7 126,883 200,846 1,124,355 1,181,174 Unbilled revenue from construction service 8 - 3,766 - - Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 9 5,973,081 6,451,652 3,560,367 4,072,556 Deposits for land 17 316,462 291,600 316,462 291,600 10 113,500 - - - Short-term loans to related parties 4 5 - - 1,347,556 1,303,804 596,989 1,066,260 Current tax assets 13,998 38,439 5,182 12,070 Other current financial assets 88 87 88 87 Other current assets 188,020 90,206 172,485 75,032 2,977 2,977 - - Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 6,329,575 6,842,694 5,297,518 6,400,578 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 15.8 360,333 919,650 353,702 919,650 Investments in subsidiaries 8 11 - - 311,000 302,000 3,182,995 2,913,995 Land held for development 2,100,778 1,650,579 1,375,782 926,196 Investment properties 9 454,229 454,183 416,629 416,583 554,904 554,904 516,104 516,104 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 12 499,177 496,215 486,866 494,427 Right-of-use assets 13 287,009 282,719 7,175 8,238 Leasehold rights 14 2,882,043 2,695,846 - - Intangible assets 19,910 21,074 17,512 20,422 2,823 3,708 2,425 3,268 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 83,593 83,183 25,159 27,369 Retention receivables from construction 50,053 76,254 - - Other non-current assets 47,737 55,565 36,620 47,482 116,610 83,630 51,173 37,492 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 6,937,323 6,846,688 6,001,381 5,846,739 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 13,266,898 13,689,382 11,298,899 12,247,317 Notes to interim financial statements form an integral part of these statements. 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 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 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 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 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 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967Separate

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 14, 2018 2023 "UNAUDITED" "REVIEWED" 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 Note 30, 2018 2023 31, 2017 2022 30, 2018 2023 31, 2017 2022 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 351,033 279,913 176,981 165,594 - general companies 6 359,054 191,326 100,979 167,319 - related companies 5, 6 21,231 15,833 36,766 4,332 Other current receivables - general companies 21,940 47,219 16,625 43,286 - related companies 5 1,065 2,000 225,009 254,132 Trade accounts receivable from construction work 6 16,169 - 16,169 - Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits contract assets 6.2 78,377 40,359 78,377 40,359 Inventories 7 296,575 309,947 42,010 108,697 Advance for land 17 316,462 291,600 316,462 291,600 purchase of inventories 13,016 53,048 12,004 53,048 Short-term loans loan to related parties 4 companies 5 - - 1,347,556 1,303,804 59,668 57,668 Other current assets 188,020 90,206 172,485 75,032 42,937 41,216 7,708 7,993 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in subsidiaries 8 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 Intangible assets 19,910 21,074 17,512 20,422 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 47,737 55,565 36,620 47,482 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 1,201,397 980,861 772,296 902,428 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" 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 Note 30, 2018 2023 31, 2017 2022 30, 2018 2023 31, 2017 2022 NON-CURRENT LIABILITIES from financial institutions 10 298,522 347,017 289,006 347,017 ASSETS Restricted deposit with bank 8 12,942 6,115 8,453 5,420 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 Shortnon-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 - receivables 69,327 66,044 69,327 66,044 Other non-current liabilities 110,562 130,040 82,669 99,170 financial assets 9 107,576 107,576 107,576 107,576 Investment - subsidiaries companies 10 - - 259,173 245,173 - associated companies 10 936,309 898,333 163,547 163,547 Property, plant and equipment 11 1,399,513 1,405,767 995,721 889,767 Right-of-use assets 58,606 24,171 7,289 9,830 Other non-current assets 2,410 2,085 924 328 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 assets 2,586,683 2,510,091 1,612,010 1,487,685 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion ASSETS 3,788,080 3,490,952 2,384,306 2,390,113 Notes to interim financial statements form an integral part of long-term loans these statement "UNAUDITED" "REVIEWED" 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 Note 30, 2018 2023 31, 2017 2022 30, 2018 2023 31, 2017 2022 CURRENT LIABILITIES Short-term loans from financial institutions 13 50,000 63,000 - 3,000 Short-term loans from related companies 5 134,350 101,350 - - Trade accounts payable - general companies 311,491 168,797 93,345 102,491 Other current payable - general companies 14 89,526 137,906 43,317 117,284 Trade and other current payables - related companies 5 126,605 24,066 49,060 20,708 Current contract liabilities 9,646 - 9,646 - Current portion of - Long-term loan from financial institutions 15 - 1,399 - 1,399 - Lease liabilities 13,886 8,433 1,274 3,105 Current provisions for employee benefits 16,668 19,972 16,259 18,580 Other current liabilities 21,065 19,788 16,690 18,841 Total current liabilities 773,237 544,711 229,591 285,408 NON-CURRENT LIABILITIES Lease liabilities 37,430 11,933 6,175 7,284 Non-current provisions for employee benefits 51,441 48,486 31,296 30,192 Deferred Tax liabilities 12 44,664 43,709 10,512 9,764 Other non-current liabilities 51,166 49,188 49,635 48,718 Total non-current liabilities 184,701 153,316 97,618 95,958 TOTAL LIABILITIES 957,938 698,027 327,209 381,366 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" In Thousand Baht Consolidated financial statements Separate financial statements As at September As at December As at September As at December Note 30, 2023 31, 2022 30, 2023 31, 2022 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised Share capital - common share capital 1,200,000 1,200,000 1,200,000 1,200,000 at Baht 1 par value - Registered 593,125,849 shares 593,126 593,126 593,126 593,126 - Issued and paidpaid - up 593,125,849 shares 593,126 593,126 593,126 593,126 Premium on ordinary shares 72,404 72,404 72,404 72,404 Retained earnings - Appropriated legal reserve 59,313 59,313 59,313 59,313 - Unappropriated 1,808,227 1,771,814 1,285,963 1,237,613 Other components of equity 79,134 79,134 46,291 46,291 Total shareholder's equity of the parent company 2,612,204 2,575,791 2,057,097 2,008,747 Non-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 controlling interests 217,938 217,134 - - TOTAL SHAREHOLDERS' EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 2,830,142 2,792,925 2,057,097 2,008,747 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 3,788,080 3,490,952 2,384,306 2,390,113 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue financial statements 0000 0000 0000 2022 Sales and services income Construction income Total revenues Cost Cost of sales and services Cost of construction Total cost Gross profit Dividend income Other income Gain 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 assets Profit before expenses 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 Total expenses Profit (loss) from operations 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 equity in net income of associated companies Share of profit from investment in associated companies 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 Tax expenses (LOSSincome) FOR THE PERIOD 16,987 45,424 41,591 47,879 Profit (loss) from continued operation for the period 17,105 11,152 33,371 1,839 63,467 17,381 17,165 17,165 17,165 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 0000 0000 0000 2022 Items that will not be reclassified subsequently to profit or loss Equity in comprehensive income of associated company Other comprehensive income (expense) for the period Total 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 Shareholders' equity 605 Owner of the parent company 16,987 45,424 41,591 47,879 Non-controlling interests Total - - - - 16,987 45,424 41,591 47,879 Total comprehensive income attributable to Shareholders' equity 605 Owner of the parent company 16,987 45,424 41,591 47,879 Non-controlling interests Total - - - - 16,987 45,424 41,591 47,879 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 605 Profit (loss) for attributable to equity holders of the period Company (Baht per share) 15 0.02 0.05 0.04 0.05 Weighted average number of common shares (thousand share) Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue financial statements 0000 0000 0000 2022 Sales and services income Construction income Total revenues Cost Cost of sales and services Cost of construction Total cost Gross profit Dividend income Other income Gain 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 assets Profit before expenses 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 Total expenses Profit (loss) from operations 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 equity in net income of associated companies Share of profit from investment in associated companies Profit (loss) before income tax expense 125,450 129,866 194,728 115,397 Income Tax expenses (income) Profit (loss) from continued operation for the period (103,807) (498,503) 91,319 53,776 93,474 3,714 242,283 (106,107) (174,559) 67,724 66,890 66,890 748 66,142 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 0000 0000 0000 2022 Items that will not be reclassified subsequently to profit or loss Equity in comprehensive income of associated company Profit (Loss) from financial assets valuation - net from tax expense 38,591 39,515 44,358 30,319 PROFIT (LOSS) FOR THE PERIOD 86,859 90,351 150,370 85,078 Items subsequently reclassifiable to profit or loss Other comprehensive income (expense) for the period Total comprehensive income for the period Owner of the parent company Non-controlling interests Total Owner of the parent company Non-controlling interests Total Profit (loss) attributable to equity holders of the Company (Baht per share) Weighted average number of common shares (thousand share) Notes to interim financial statements form an integral part of these statement Consolidated financial statements Shareholders' equity of the parent company Non-controlling Total Issued and Premium on Retained earnings Other components of shareholders' equity Total interests paid-up ordinary Appropriated Unappropriated Other comprehensive income share capital shares - Legal reserve Surplus from change Gain (loss) on Total in proportion of financial assets investment in measured at subsidiary company fair value through other comprehensive income 593,126 72,404 59,313 1,829,953 32,843 34,818 67,661 2,622,457 220,597 2,843,054 Note Transaction with shareholder Dividend paid Dividend paid by subsidiary to non-controlling interest Comprehensive income (expense) for the period Profit (loss) for the period Comprehensive income (expense) for the period Balance as at September 30, 2022 - - - - - - - (12,849) - - - (12,849) 2,610 (10,239) - - - (440) - 3,318 3,318 2,878 - 2,878 593,126 72,404 59,313 1,810,733 32,843 38,136 70,979 2,606,555 218,503 2,825,058 Transaction with shareholder Dividend paid Dividend paid by subsidiary to non-controlling interest Comprehensive income (expense) for the period Profit (loss) for the period Comprehensive income (expense) for the period Balance as at September 30, 2023 59,313 1,771,814 32,843 46,291 79,134 2,575,791 217,134 2,792,925 593,126 72,404 - - - 54,872 - - - 54,872 3,063 57,935 - - - (667) - - - (667) - (667) 593,126 72,404 59,313 1,808,227 32,843 46,291 79,134 2,612,204 217,938 2,830,142 Notes to interim financial statements form an integral part of these statement In Thousand Baht Separate financial statements Shareholders' equity of the parent company Issued and paid-up Premium on Retained earnings Other components of share capital ordinary shares shareholders' equity Appropriated Unappropriated Gain (loss) on financial assets - legal reserve measured at fair value through other Note comprehensive income Balance as at January 1, 2022 593,126 72,404 59,313 1,207,473 34,818 1,967,134 Transaction with shareholder Dividend paid - - - (5,931) - (5,931) Comprehensive income (expense) for the period Profit (loss) for the period - - - 47,191 - 47,191 Comprehensive income (expense) 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 Shareholders' equity of 3,318 3,318 Balance as at September 30, 2022 593,126 72,404 59,313 1,248,733 38,136 2,011,712 Transaction with shareholder Dividend paid Comprehensive income (expense) for 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 period Profit (loss) for the period (Baht per share) 15 0.09 0.09 0.15 0.09 Consolidated 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 1,593,352 3,314,466 Dividend Comprehensive income (expense) 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 2023 - - - - - - (39,198) 86,859 (39,198) 86,859 Total comprehensive 593,126 72,404 59,313 1,285,963 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 2023 2022 2023 2022 Cash flows from operating activities Adjustments to reconcile 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 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 before income tax to net cash provided by from (used in) from operating activities Doubtful debt activities: Depreciation and amortization 70,463 79,714 40,621 40,599 Allowance for expected credit losses (Reversereversal) (263) 2,193 (65) 2,076 268 16,619 - - Allowance for decline in value of real estate projects under development inventories (Reversereversal) (9,823303) (11,2312,086) (3,3041,930) 581 Loss from the impairment of assets - 5,144 - - (Gain) loss on sales of assets (3,855) (11,2312,743) Depreciation and amortization 48,861 47,919 46,438 43,977 Loss (3,714) (2,511) Unrealized (gain) loss on disposal of equipment foreign exchange rate 1,038 1,063 212 416 Dividend income (26617,276) (2,60220,195) (3353,776) (62065,284) 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 Interest income (11,395) (1385) (12,845) (12,283) Loss Finance costs 4,395 2,950 834 1,365 Equity in net income of written off other current asset - 1,050 - 1,050 Gain from written off construction retentions associated companies (8,21572,791) (4,46357,249) - (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 employee benefits expenses 2,546 2,359 772 1,313 Gain from lease agreement temination (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 (1,786101) (3,70413) (57,23689) (61,82311) Profit Cash provided from (lossused in) from operations before changes in operating assets and liabilities 337,518 348,390 360,024 278,642 Changes 43,191 15,832 46,975 20,487 (Increase) decrease in operating assets Trade accounts receivable from sales and liabilities services - general companies (increase167,147) decrease Trade and other 38,871 66,340 20,521 - related companies (5,398) 12,593 (32,433) 1,950 Other current receivables 30,545 - general companies 25,355 (19,71829,349) 23,555 26,662 (12,97329,898) Real estate projects under development - related companies 935 (248,547) 405,135 209,530 492,788 Deposits for land (183,042485) (37,21088,812) (206,04221,000) Trade accounts receivable from construction work (37,21016,169) 2,603 (16,169) 2,603 Current contract assets (38,018) 10,783 (38,018) 10,783 Inventories 13,676 33,140 68,616 39,168 Advances for purchase of inventories 40,031 (5,240) 41,043 (5,240) Other current assets (94,5391,778) (27,1823,239) 329 (97,412463) (21,899) Other Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 2023 2022 2023 2022 Trade and other non-current receivables (3,391) (10,561) (5,270) (10,602) Other non - current assets 7,828 (2,867324) 10,862 (4,2318,008) (597) 60 Increase (decrease) in operating liabilities Trade accounts payable - general companies 140,807 (26,287) (9,358) (13,170) Trade and other current payables - related companies 101,204 (34,3544,871) 44,368 1,041 69,474 Construction retentions 28,353 (12,0966,125) Other current payable - general companies (48,380) (20,01224,013) (14,66473,964) (9,72219,623) 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 Current contract liabilities 9,646 (16,427) 9,646 (16,427) Other current liabilities 11,020 1,775 9,033 424 Utilities guarantee 1,277 19,595 (2242,150) 19,857 Employee benefits obligation paid (3,812) (3,4831,298) (2242,494) (3,483792) Other non-non - current liabilities 1,979 (22,07414,812) 917 (15,281) Cash provided from (used in) operations 93,684 (11,173) 19,616 (23,192) Cash paid for interest (1,207) (6,7901,457) (18,32345) (3,904666) Cash from operating activities 110,485 762,652 595,905 827,086 Income tax paid payment (55,0236,646) (69,7354,228) (46,4783,892) (29,6262,927) Xxxx received the income tax refund 5,879 6,047 5,879 6,047 Net cash provided by from (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 91,710 (10,811) 21,558 (20,738) Cash flows from investing activities (Increase) decrease in deposits at banks used as collateral 27,379 746 35,627 746 restricted deposit with bank (6,827) (18) (3,033) - Acquisition of assets (57,038) (11,739) (25,429) (5,151) Proceeds from sales of assets 3,878 2,754 3,737 2,520 Cash payment for investment in subsidiary - - (14,000) - (Increase) decrease in short-term loans to related company - - (22,000) - Cash receipt from short-term loans to related company - - 20,000 - Xxxx received from interest income 1,319 375 735 222 Dividend income 51,424 60,387 53,776 65,284 Net cash provided from (used in) investing activities (7,244) 51,759 13,786 62,875 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 2023 2022 2023 2022 Cash flows from financing activities Increase in short-term loans from a financial institutions - 3,000 - 3,000 Cash paid for Short-term loans from financial institution (13,000) (15,000) (3,000) - Increase in short-term loans from related parties 33,000 35,050 - - (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 Cash 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 institutions (48,495) (1,157,903) (58,011) (1,148,844) Increase (decrease) in for short-term loans from related parties - (1,350) - 152,060 - Cash paid for lease liabilities (112,99011,896) Proceed from (8,637) (1,766) (3,461) Cash paid for 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 institution (1,514,4271,399) (1,493,4904,338) (1,377,2911,399) (1,378,7104,338) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures - Dividend paid (1,606,30017,792) (5,931) (17,792) (5,931) Dividend paid by subsidiary to non-controlling interest (2,259) (4,704) - (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 from (used in) financing activities (218,51213,346) (694,1351,910) (684,53523,957) (888,60410,730) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase Increase (decrease) in cash and cash equivalents (166,418) (17,586) (135,078) 15,222 equivalents-net 71,120 39,038 11,387 31,407 Cash and cash equivalents as at January 1, 291,717 321,473 214,665 195,508 the beginning of the period 279,913 249,587 165,594 160,484 Cash and cash equivalents as at September 30, 125,299 303,887 79,587 210,730 Non-the end of the period 351,033 288,625 176,981 191,891 Non - cash transactions transaction - Acquisition of equipments right-of-use assets under finance leases 15,833 2,864 12,281 2,864 lease contract - Transfer of land, buiding and equipmeant to inventory - Transfer of other current assets, land, building and equipment - 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 land and buildings offset with liabilities 120,000 Notes to interim financial statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these statement SIAM STEEL INTERNATIONAL PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO INTERIM FINANCIAL 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 August 14, 2018 In Thousand 2019 STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2019‌ ASSETS 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, 2018 2019 31, 2017 2018 30, 2018 2019 31, 2017 CURRENT ASSETS 2018 Current assets Cash and cash equivalents 125,299 291,717 79,587 214,665 5 314,891,747 307,120,538 62,080,433 41,300,531 Current investment 84 83 84 83 investments 772,840 766,088 - - Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 4, 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 744,938,248 677,690,317 112,708,448 129,772,592 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 - 1,347,556 1,303,804 Other current assets 188,020 90,206 172,485 75,032 4 60,500,620 39,191,012 27,037,668 19,889,331 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 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 7 201,650 229,029 193,402 229,029 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 - - 311,000 302,000 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 9 454,229 454,183 416,629 416,583 property 14 246,257,389 248,232,481 165,574,855 166,464,083 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 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 19,910 21,074 17,512 20,422 9,159,563 11,746,660 3,387,923 4,490,814 Deferred tax assets 46,477 37,245 5,953 10,777 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 47,737 55,565 36,620 47,482 6,725,360 6,685,475 4,990,878 4,698,928 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 TOTAL ASSETS 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 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 30, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from to the interim 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 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 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 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 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 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 statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these 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 14, 2018 2024 "UNAUDITED" "REVIEWED" 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, 2018 Note 31, 2017 30, 2018 2024 31, 2017 2023 31, 2024 31, 2023 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 274,983 355,883 89,454 140,073 Trade accounts receivable from sales and services - general companies 6 182,621 187,669 64,482 50,212 - related companies 5, 6 19,379 21,791 55,240 52,984 Other current receivables - general companies 7,975 6,979 1,420 1,527 - related companies 5 11,160 1,582 278,437 260,441 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 Short-term loans to related parties 4 - - 1,347,556 1,303,804 contract assets 6.2 95,700 96,035 95,700 96,035 Inventories 7 265,887 318,614 59,790 41,654 Other current assets 188,020 90,206 172,485 75,032 49,996 43,317 9,948 6,364 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 921,490 1,047,516 728,599 723,511 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" In Thousand Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Note 31, 2024 31, 2023 31, 2024 31, 2023 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in subsidiaries Restricted deposit with bank 8 13,703 12,499 8,033 8,033 Trade and other non-current receivables 67,327 75,105 67,327 75,105 Contract assets - provision for employee benefits 6,236 9,019 - - 311,000 302,000 Other non-current financial assets 9 113,488 113,488 113,488 113,488 Investment properties 9 454,229 454,183 416,629 416,583 - subsidiaries companies 10 - - 229,461 229,461 - associated companies 10 956,198 954,098 163,547 163,547 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 Intangible 11 1,360,001 1,378,521 963,970 978,943 Right-of-use assets 19,910 21,074 17,512 20,422 56,492 54,710 7,564 4,067 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 12 2,104 2,288 - - Other non-current assets 47,737 55,565 36,620 47,482 3,356 3,123 901 915 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 2,578,905 2,602,851 1,554,291 1,573,559 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 3,500,395 3,650,367 2,282,890 2,297,070 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" 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, 2018 Note 31, 2017 30, 2018 2024 31, 2017 2023 31, 2024 31, 2023 CURRENT LIABILITIES Short-term loans 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 13 50,000 50,000 - - Short-term loans from related parties 4 companies 5 129,350 129,350 - - 234,298 82,238 Trade accounts payable - general companies 210,682 232,695 59,889 36,485 Other current payable - general companies 14 74,926 107,533 25,208 55,877 Trade and other current payables - related companies 5 17,804 43,761 78,332 46,065 Current contract liabilities 7,545 9,646 7,545 9,646 Current portion of long-term loans from other parties 10 111,493 111,493 111,493 111,493 Lease liabilities 14,982 14,247 2,435 1,232 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 provisions for employee benefits 24,459 25,992 16,728 16,268 Other current liabilities 74,681 62,001 31,764 21,552 18,999 31,688 17,738 30,267 Total current liabilities 5,660,182 2,919,384 5,611,868 3,196,837 548,747 644,912 207,875 195,840 NON-CURRENT LIABILITIES LongNon-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 current provisions for employee benefits 54,020 55,110 12,954 8,225 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 35,266 35,394 8,171 6,115 Deferred Tax liabilities 12 87,298 - 66,622 - 87,298 - 66,622 - 47,774 48,233 11,053 11,257 Other non-current liabilities 110,562 130,040 82,669 99,170 37,541 56,059 34,999 54,083 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 174,601 194,796 88,816 106,672 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion 723,348 839,708 296,691 302,512 Notes to interim financial statements form an integral part of long-term loans these statement "UNAUDITED" "REVIEWED" 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, 2018 Note 31, 2017 30, 2018 2024 31, 2017 2023 31, 2024 31, 2023 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised Share capital - common share capital 1,200,000 1,200,000 1,200,000 1,200,000 at Baht 1 par value - Registered 593,125,849 shares 593,126 593,126 593,126 593,126 - Issued and paidpaid - up 593,125,849 shares 593,126 593,126 593,126 593,126 Premium on ordinary shares 72,404 72,404 72,404 72,404 Retained earnings - Appropriated legal reserve 59,313 59,313 59,313 59,313 - Unappropriated 1,749,269 1,782,443 1,210,335 1,218,694 Other components of equity 83,864 83,864 51,021 51,021 Total shareholder's equity of the parent company 2,557,976 2,591,150 1,986,199 1,994,558 Non-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 controlling interests 219,071 219,509 - - TOTAL SHAREHOLDERS' EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 2,777,047 2,810,659 1,986,199 1,994,558 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 3,500,395 3,650,367 2,282,890 2,297,070 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale financial statements 2024 2023 2024 2023 Sales and services income Construction income Total revenues Cost Cost of real estate 1,018,352 1,390,665 816,675 1,177,177 Interest sales and services Cost of construction Total cost Gross profit Dividend 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 Profit before expenses 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 Total expenses Profit (loss) from operations 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 equity in net income of associated companies Share of profit from investment in associated companies 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 Tax expenses (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 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 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 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 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) (61,823income) 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 continued operation 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 the period - 647 - - (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 Notes to interim financial 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 statements form an integral part of real eatate under development cost during these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 2024 2023 2024 2023 Items that will not be reclassified subsequently to profit or loss Equity in comprehensive income of associated company Items subsequently reclassifiable to profit or loss Other comprehensive income (expense) for the period 227,818 220,181 207,635 226,967Total comprehensive income (expense) for the period

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 1410, 2018 2017 (Mr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 4752 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, 2018 2017 31, 2017 2016 30, 2018 2017 31, 2017 2016 CURRENT ASSETS Cash LIABILITIES Bank overdrafts and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - 1,347,556 1,303,804 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 188,020 90,206 172,485 75,032 liabilities 486 496 418 409 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 liabilities 1,263,280 1,896,339 1,263,476 1,898,016 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in subsidiaries 8 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 Intangible assets 19,910 21,074 17,512 20,422 Deferred tax assets 46,477 37,245 5,953 10,777 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 47,737 55,565 36,620 47,482 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 1,226,925 1,267,658 1,401,612 1,483,111 liabilities 1,120,064 735,412 1,115,225 730,724 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 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 Separate Financial Statements Separate Financial Statements As at September As at December As at September As at December Notes 30, 2018 2017 31, 2017 2016 30, 2018 2017 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 2016 Share capital Authorized share capital 1,200,000 1,200,000 1,200,000 1,200,000 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 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS 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 - legal reserve 80,874 80,874 80,874 80,874 68,050 68,050 68,050 68,050 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 592,232 574,461 591,056 570,037 Other components 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 equity - - - - 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 Shareholders' Total equity of the parent company 16,987 45,424 41,591 47,879 attributable to company's shareholders 2,483,096 2,465,325 2,481,920 2,460,901 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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 16,987 45,424 41,591 47,879 11,188 (6,095) 12,196 (4,800) Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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 (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 17,771 15,098 21,019 18,359 Other comprehensive income Items that will not be reclassified to profit or loss Actuarial loss from sale post-employee benefit, net 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 17 - (LOSS331) FOR THE PERIOD 86,859 90,351 150,370 85,078 Other - (325) Items that may be reclassified subsequently to profit or loss - - - - Total 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 17,771 14,767 21,019 18,034 Profit (loss) attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 17,771 15,098 21,019 18,359 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 17,771 15,098 21,019 18,359 Total comprehensive income attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 17,771 14,767 21,019 18,034 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 17,771 14,767 21,019 18,034 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY Profit 20 Basic earning (loss) for the period per share (Baht per share) 15 0.09 0.09 0.15 0.09 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 Non-controlling Total Share capital Premium on Retained Earnings earnings Other Total interests Note Paidpaid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance legal reserve of equity Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,593,352 3,314,466 Dividend 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 - - - (48,997) (48,997) Profit for the period - - - 90,351 90,351 Total comprehensive income for the period - - - 90,351 90,351 Balance - - 17,771 - 17,771 - - - 17,771 - 17,771 - - - 17,771 - 17,771 Ending 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 1,245,284 577,530 68,050 592,232 - 2,483,096 - 2,483,096 Beginning balance as at January 1, 2018 980,000 669,210 80,874 1,610,388 3,340,472 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 Profit for the period 13 - - - - - - (39,198331) 86,859 - (39,198331) 86,859 - (331) Total comprehensive income for the period - - - 86,859 86,859 Balance 14,767 - 14,767 - 14,767 Ending balance as at September 30, 2018 980,000 669,210 80,874 1,658,049 3,388,133 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” In ThousandBaht Separate Financial Statements Retained Earnings Other Total Note Paidissued and share capital Appropriated Unappropriated components paid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance legal reserve of equity Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,090,908 2,812,022 Dividend 1,245,284 577,530 Comprehensive income Profit for the period Profit - - 68,050 - 570,037 21,019 - - 2,460,901 21,019 Other comprehensive income for the period - - - - - - (48,997) 85,078 (48,997) 85,078 Total comprehensive income for the period - - - 85,078 85,078 Balance 21,019 - 21,019 Ending 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 1,245,284 577,530 68,050 591,056 - 2,481,920 Beginning balance as at January 1, 2018 980,000 669,210 80,874 1,201,102 2,931,186 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 Profit for the period 13 - - - - - - (39,198325) 150,370 - (39,198325) 150,370 Total comprehensive income for the period - - - 150,370 150,370 Balance 18,034 - 18,034 Ending balance as at September 30, 2018 980,000 669,210 80,874 1,312,274 3,042,358 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 Financial Statements 2018 2017 2018 2017 0000 0000 0000 0000 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 17,771 15,098 21,019 18,359 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 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 109,489 100,157 111,823 100,262 Decrease (increase) in operating assets and liabilities Trade accounts receivable (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 (183,042107) (37,2104,431) - (206,0424,404) Inventories 127,113 (37,210212,596) 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 (94,53913,054) 2,817 (27,182) (97,412) (21,89912,995) Other non-current assets 7,828 (2,86717) 10,862 1,145 (4,23117) Trade and other payables (34,354) 44,368 1,041 69,474 Construction retentions (12,096) (20,012) (14,664) (9,722) 1,145 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements Financial Statements C C 2018 2017 2018 2017 Unrecognised income on installments due 318,450 80,246 318,525 79,180 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 11,020 1,775 9,033 424 Utilities guarantee (22410) 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) (3,48314,474) (22411,186) (3,48314,378) Other non-current liabilities Xxxx paid for provision for compensation for housing estate juristic persons (22,074342) (6,79011,703) (18,323342) (3,90411,703) Cash Xxxx paid for libilities from operating activities 110,485 762,652 595,905 827,086 Income tax paid purchasing the real estate project - (55,02310,950) - (69,735) (46,478) (29,62610,950) Net cash provided by (used in) operating activities 55,462 692,917 549,427 797,460 ASH 337,342 97,057 335,766 100,533 CASH FLOWS FROM INVESTING ACTIVITIES Interest Cash paid for short-term loan to related parties - - - (35,500) Cash 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 from short-term loan to related parties - - 2,000 - Increase in short-term loans from related parties - investments (55) 4,617 (55) 4,617 Increase in investment property - (20,75214) 121,886 Investment in subsidiaries increaseed the capital - - (9,00014) Proceeds from sales of fixed assets - Purchase 350 - 350 Cash paid for purchase of investment properties fixed assets (464,910) (7654,167) (464,910) (7654,167) Purchase of equipments (30,043) (20,940) (6,629) (18,192) Received from disposal of equipment 266 2,666 33 683 Purchase Cash paid for purchase of intangible assets (2,7101,715) (1,779397) (8411,715) (1,495397) Net cash provided by (used in) investing activities (3,3686,680) 389 4,680 (16,36835,111) 30 106,366 ASH Notes to interim financial statements form an integral part of these statements. “REVIEWED” 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 Finance costs In Thousand Baht Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 0000 loans from the financial institutions (773,285) 326,167 (773,285) 326,167 Cash paid for liabilities under finance lease agreement (400,734625) (441,3091,046) (373,568625) (439,9701,046) Dividend (39,198) (48,997) (39,198) (48,997) Increase (decrease) in bank overdrafts and Cash received from short-term loans loan from financial institutions (48,495) (1,157,903) (58,011) (1,148,844) Increase (decrease) in other company 170,000 - 170,000 - Cash paid for short-term loans 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 parties party (30,000) - (30,000) - 152,060 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 (112,990246,000) Proceed (159,000) (246,000) (124,000) Xxxx received from long-term loans from financial institutions 1,797,915 1,937,464 1,024,244 1,727,977 Repayment of 861,523 398,347 861,523 398,347 Cash paid for long-term loans from financial institutions (1,514,427642,727) (1,493,490673,674) (1,377,291642,727) (1,378,710673,674) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures Interest paid (81,134) (95,586) (81,134) (95,588) Dividend paid - (1,606,3006,589) - (1,606,300) Transaction cost from issue of debenture - (13,998) - (13,998) Repayment of finance lease liabilities (13,573) (24,102) (12,771) (21,2726,589) Net cash provided by (used in) financing activities (218,512306,124) (694,135116,381) (684,535306,124) (888,60481,383) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase (decrease) in cash and cash equivalents 24,538 (166,41818,935) 24,962 (17,58615,961) (135,078Cash 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) 15,222 Cash and cash equivalents as consisted of : Cash on hand 437 552 437 552 Cash 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967bank 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”. Dharmniti Auditing Company Limited Bangkok, Thailand November August 14, 2018 2014 2014/883/0274 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, 2018 2014 31, 2017 2013 30, 2018 2014 31, 2017 2013 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - - 1,347,556 1,303,804 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 188,020 90,206 172,485 75,032 35,124 33,186 32,215 30,809 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 4,158,252 4,252,573 4,098,985 4,233,039 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 201,650 229,029 193,402 229,029 Investments 9 9,015 9,012 8,787 8,785 Investment in associated company 10 - - - - Investment in subsidiaries 8 10 - - 311,000 302,000 11,864 11,864 Investment properties 9 454,229 454,183 416,629 416,583 property 11 215,881 - 215,881 - Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 12 157,647 164,471 153,211 159,883 Intangible assets 19,910 21,074 17,512 20,422 13 4,413 4,073 4,413 4,073 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 22 12,353 10,450 12,334 10,438 Other non-current assets 47,737 55,565 36,620 47,482 8,159 6,687 5,473 4,533 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 407,468 194,693 411,963 199,576 TOTAL ASSETS 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 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 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 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 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 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 real eatate under development cost during the period 227,818 220,181 207,635 226,9674,565,720 4,447,266 4,510,948 4,432,615

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 14, 2018 In Thousand 2019 "UNAUDITED"‌ "REVIEWED" 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, 2019 31, 2018 31, 2017 302019 31, 2018 31, 2017 CURRENT ASSETS Current assets Cash and cash equivalents 125,299 291,717 79,587 214,665 5 576,218,332 307,120,538 34,811,391 41,300,531 Current investment 84 83 84 83 investments 769,480 766,088 - - Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 4, 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 723,140,154 677,690,317 102,700,268 129,772,592 Short-term loans to related parties 4 4, 7 296,500,000 336,300,000 105,000,000 108,000,000 Inventories 8 164,081,482 165,281,199 45,335,456 44,240,911 Accrued dividend 4, 10, 12 117,602,790 - 257,242,885 - 1,347,556 1,303,804 Other current assets 188,020 90,206 172,485 75,032 4 46,595,810 39,191,012 18,497,188 19,889,331 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 NON1,924,908,048 1,526,349,154 563,587,188 343,203,365 Non-CURRENT ASSETS Deposits at banks used current assets Fixed deposits pledged as collateral 7 201,650 229,029 193,402 229,029 9 36,967,509 44,487,957 - - Available-for-sale investments 4, 10 5,989,940,694 3,656,549,151 3,118,684,000 1,349,069,720 Investments in associates 11 2,286,831,292 2,260,253,320 1,777,365,788 1,777,365,788 Investments in subsidiaries 8 12 - - 311,000 302,000 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 4,620,000 3,985,000 - - Investment properties 9 454,229 454,183 416,629 416,583 property 14 247,250,391 248,232,481 166,021,925 166,464,083 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 15 6,201,167,809 6,125,498,640 1,348,474,616 1,335,105,197 Goodwill 723,215,731 723,215,731 - - Intangible assets 19,910 21,074 17,512 20,422 10,430,607 11,746,660 3,935,149 4,490,814 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 16 25,347,550 25,222,960 - - Advance payment for assets 89,394,235 5,681,610 - - Other non-current assets 47,737 55,565 36,620 47,482 5,949,461 6,685,475 4,462,303 4,698,928 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 In Thousand 16,530,576,930 14,021,032,036 8,876,070,461 7,094,321,210 Total assets 18,455,484,978 15,547,381,190 9,439,657,649 7,437,524,575 Notes to the interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" LIABILITIES AND SHAREHOLDERS' EQUITY 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, 2019 31, 2018 31, 2017 302019 31, 2018 31, 2017 CURRENT LIABILITIES Current liabilities Bank overdarfts and short-term loans from financial institutions 10 298,522 347,017 289,006 347,017 17 2,044,954,252 1,585,794,960 1,225,000,000 915,000,000 Trade and other payables 287,152 318,248 708,076 698,768 4 319,577,614 311,116,646 101,218,003 100,164,501 Current portion of long-term liabilities Long-term loan from financial institutions 10 1,125,013 611,433 505,671 501,152 20 922,115,566 743,114,286 602,561,280 489,460,000 Liabilities under finance lease agreements 21 9,408,851 9,427,241 8,245,899 8,201,400 Short-term loans from related parties 4 4, 18 739,853,818 781,853,818 144,000,000 192,000,000 Short-term loan from other persons 19 72,000,000 68,400,000 - - 234,298 82,238 Current portion Payable from acquisition 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 assets 4 37,910,168 57,418,098 10,580,364 15,402,618 Accrued doctor fee 173,219,878 168,464,355 73,371,602 77,309,358 Accrued expenses 4 88,430,452 76,556,768 22,298,811 18,744,904 Accrued dividends 52,030,388 17,730,727 11,174,575 11,284,614 Income tax payable 9,608 13,533 4,512 11,415 104,659,250 77,994,533 48,048,424 41,083,220 Advance received from social security office 25 204,049,084 54,606,133 - - Advance received for share 27,550,000 - - - Other current liabilities 74,681 62,001 31,764 21,552 4 60,409,533 50,485,289 21,359,815 14,801,637 Total current liabilities 5,660,182 2,919,384 5,611,868 3,196,837 NON4,856,168,854 4,002,962,854 2,267,858,773 1,883,452,252 Non-CURRENT LIABILITIES current liabilities Long-term loans loan from financial institutions 10 801,675 1,031,767 605,930 963,496 Long-term loans from related party 4 20 2,309,251,577 1,362,239,812 1,555,152,053 578,201,716 Liabilities under finance lease agreements 21 8,582,615 10,399,315 7,391,747 8,973,425 Liabilities under operating lease agreements 73,441,281 72,942,845 - - 9,700 9,700 Debentures 11 3,951,226 5,944,850 3,951,226 5,944,850 Financial lease Deferred tax liabilities 25,979 23,633 22,888 23,363 Utilities guarantees 2,261 2,485 2,261 2,485 16 741,643,990 566,610,070 97,727,924 34,857,813 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 - 22 154,370,029 149,136,803 55,045,875 53,467,632 Other non-current liabilities 110,562 130,040 82,669 99,170 4 8,473,018 7,603,115 3,530,911 4,126,493 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 3,295,762,510 2,168,931,960 1,718,848,510 679,627,079 Total liabilities 8,151,931,364 6,171,894,814 3,986,707,283 2,563,079,331 Notes to the interim financial statements form an integral part of long-term loans In Thousand these statements. "UNAUDITED" "REVIEWED" 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, 2019 31, 2018 31, 2017 302019 31, 2018 31, 2017 SHAREHOLDERSShareholders' EQUITY SHARE CAPITAL Authorised equity Share capital Authorized share capital 1,200,000 1,200,000 1,200,000 1,200,000 14,937,849,936 ordinary shares, Baht 0.10 each 1,493,784,994 1,493,784,994 1,493,784,994 1,493,784,994 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 13,199,368,250 ordinary shares, Baht 0.10 each 1,319,936,825 1,319,936,825 1,319,936,825 1,319,936,825 Share premium account 2,379,358,913 2,379,358,913 2,379,358,913 2,379,358,913 Retained earnings Appropriated Legal reserve 80,874 80,874 80,874 80,874 146,449,093 146,449,093 146,449,093 146,449,093 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 2,305,329,275 2,195,567,576 1,170,180,054 844,528,660 Other components 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 Shareholdersshareholders' equity 10, 11.3 1,602,995,322 1,066,013,176 437,025,481 184,171,753 Total equity attributable to owners of the parent company 16,987 45,424 41,591 47,879 7,754,069,428 7,107,325,583 5,452,950,366 4,874,445,244 Non-controlling interests 2,549,484,186 2,268,160,793 - - Total shareholders' equity 10,303,553,614 9,375,486,376 5,452,950,366 4,874,445,244 Total liabilities and shareholders' equity 18,455,484,978 15,547,381,190 9,439,657,649 7,437,524,575 Notes to the interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements Notes 2019 2018 2019 2018 Revenues Revenues from medical treatment 4 1,503,995,978 1,604,033,164 576,865,447 584,010,782 Rental and service income 4 19,330,528 30,329,173 3,971,426 5,092,596 Dividend income 4, 10, 11, 12 84,186,700 18,855,710 272,242,885 169,835,300 Gain on sale of investments - 1,456,999 - - 16,987 45,424 41,591 47,879 Other income 4 30,101,151 22,037,711 17,180,251 12,476,182 Total revenues 1,637,614,357 1,676,712,757 870,260,009 771,414,860 Expenses Cost of medical treatment 1,158,753,401 1,101,260,002 402,787,302 399,495,575 Cost of rental and service 4 23,349,483 26,057,913 3,107,160 3,446,954 Administrative and services expenses 4 243,487,579 227,840,001 105,026,203 92,441,014 Finance costs 4 41,375,126 39,700,825 21,431,180 16,738,481 Total expenses 1,466,965,589 1,394,858,741 532,351,845 512,122,024 Share of profit of associates 11.2 29,512,864 21,649,591 - - Profit before income tax expenses 200,161,632 303,503,607 337,908,164 259,292,836 Income tax expense 26 36,855,344 50,425,776 12,256,770 17,204,826 Profit for the period Other comprehensive income attributable Item that may be reclassified subsequently to Shareholders' equity profit or loss 163,306,288 253,077,831 325,651,394 242,088,010 Unrealized gain (loss) on valuation of the parent company 16,987 45,424 41,591 47,879 Nonavailable-controlling interests for-sale investments 10 880,749,399 (144,836,426) 316,067,160 3,103,850 Income tax relating to items that may be reclassified 26 (176,149,880) 28,967,286 (63,213,432) (620,770) Share of other comprehensive income (loss) of associates 11.3 71,361,898 (7,457,081) - - - - 16,987 45,424 41,591 47,879 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY Profit 775,961,417 (123,326,221) 252,853,728 2,483,080 Other comprehensive income (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 period, net 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 775,961,417 (LOSS123,326,221) 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 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 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 90,351 252,853,728 2,483,080 Total comprehensive income for the period 939,267,705 129,751,610 578,505,122 244,571,090 Notes to the interim financial statements form an integral part of these statements. Owners of the parent 109,761,699 195,224,553 325,651,394 242,088,010 Non-controlling interests 53,544,589 57,853,278 - - Profit attributable to Baht Consolidated financial statements Separate financial statements Notes 2019 2018 2019 2018 163,306,288 253,077,831 325,651,394 242,088,010 Total comprehensive income (loss) attributable to Owners of the parent 646,743,845 133,987,637 578,505,122 244,571,090 Non-controlling interets 292,523,860 (4,236,027) - 90,351 90,351 Balance as at September 30, 2017 980,000 669,210 71,904 1,634,706 3,355,820 For - 939,267,705 129,751,610 578,505,122 244,571,090 Earnings per share 28 Basic earnings per share Attributable to owners of the nineparent 0.0083 0.0148 0.0247 0.0183 Diluted earnings per share Attributable to owners of the parent 0.0075 0.0132 0.0221 0.0164 Notes to the interim financial statements form an integral part of these statements. Baht Consolidated financial statements Equity attributable to owners of the parent Non-month period ended September 30, 2018 controlling Total Retained earnings Other components of shareholders' equity Total equity interests Shareholders' paid-up share account Appropriated Unappropriated Unrealized gain Unrealized gain Unrealized loss Difference from Total other attributable to equity capital Legal reserve (loss) on valuation of on investment on investment change in shareholding components owners of available-for-sale in associate in associates proportion in subsidiary shareholders' the parent securities - net of tax equity Balance as at January 1, 2018 980,000 669,210 80,874 1,610,388 3,340,472 1,319,693,385 2,377,168,913 131,969,339 1,952,926,137 863,285,391 353,351,764 (592,389) 15,591,664 1,231,636,430 7,013,394,204 2,354,059,267 9,367,453,471 Dividend Comprehensive income for the period Profit for the period 13 paid - - - - - - - - - (39,19831,101,075) 86,859 (39,19831,101,075) 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 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 - - - 195,224,553 - - - - - 195,224,553 57,853,278 253,077,831 - - - - (48,99753,779,835) 85,078 - - - (48,99753,779,835) 85,078 Total (53,779,835) (62,089,305) (115,869,140) - - - - - (7,457,081) - - (7,457,081) (7,457,081) - (7,457,081) Other comprehensive income for the period - - - 85,078 85,078 period, net of income tax Loss on valuation of available-for-sale securities Share of other comprehensive income (loss) of associate 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 30March 31, 2018 1,319,693,385 2,377,168,913 131,969,339 2,148,150,690 809,505,556 345,894,683 (592,389) 15,591,664 1,170,399,514 7,147,381,841 2,318,722,165 9,466,104,006 Notes to the interim financial statements form an integral part of these financial statements. Consolidated financial statements Equity attributable to owners of the parent Non-controlling Total Issued and Share premium Retained earnings Other components of shareholders' equity Total equity interests Shareholders' Balance as at January 1, 2018 980,000 669,210 80,874 1,201,102 2,931,186 2019 1,319,936,825 2,379,358,913 146,449,093 2,195,567,576 771,894,012 279,119,889 (592,389) 15,591,664 1,066,013,176 7,107,325,583 2,268,160,793 9,375,486,376 Dividend Comprehensive paid Non - controlling interest increased from aquisition - - - - - - - - - - (34,409,700) (34,409,700) of investments in subsidiaries 12 - - - - - - - - - - 23,209,233 23,209,233 Total comprehensive income for the period Profit for the period 13 Other comprehensive income for the period, net of income tax - - - 109,761,699 - - - - - 109,761,699 53,544,589 138,791,738 Loss on valuation of available-for-sale securities - - - - 465,620,248 - - - 465,620,248 465,620,248 238,979,271 704,599,519 Share of other comprehensive income (39,198loss) 150,370 of associate - - - - 71,361,898 - - - 71,361,898 71,361,898 - 71,361,898 Balance as at March 31, 2019 1,319,936,825 2,379,358,913 146,449,093 2,305,329,275 1,308,876,158 279,119,889 (39,198592,389) 150,370 15,591,664 1,602,995,322 7,754,069,428 2,549,484,186 10,303,553,614 paid-up share account Appropriated Unappropriated Unrealized gain Unrealized gain Unrealized loss Difference from Total other attributable to equity capital Legal reserve (loss) on valuation of on investment on investment change in shareholding components owners of available-for-sale in associate in associates proportion in subsidiary shareholders' the parent securities - net of tax equity Notes to the interim financial statements form an integral part of these financial statements. "UNAUDITED" "REVIEWED" Retained earnings Other components of Total share capital account shareholders' equity shareholder's equity Appropriated Unappropriated Unrealized gain on Legal reserve valuation of available- Total comprehensive income for the period Profit for the period Other comprehensive income for the period, net of income tax Gain on valuation of available-for-sale securities Balance as at March 31, 2018 Notes for-sale securities 1,319,693,385 2,377,168,913 131,969,339 681,200,994 151,918,507 4,661,951,138 - - - 150,370 150,370 242,088,010 - 242,088,010 Total comprehensive income for the period Profit for the period Other comprehensive income for the period, net of income tax Gain on valuation of available-for-sale securities Balance as at September 30March 31, 2019 Notes to the interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements 2019 2018 980,000 669,210 80,874 1,312,274 3,042,358 Consolidated Separate Financial Statements Financial Statements 2019 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 163,306,288 253,077,831 325,651,394 242,088,010 operating activities Doubtful debt Bad debts and doubtful accounts (Reversereversal) 7,557,050 4,415,709 100,181 (263) 2,193 (65) 2,076 Allowance for decline in value of real estate projects under development (Reverse) (9,823) (11,231) (3,304) (11,23110,068) Depreciation and amortization 48,861 47,919 46,438 43,977 Loss (gain) 101,464,976 100,585,258 31,381,310 35,560,074 Amortization of intangible assets 1,343,781 1,229,743 583,057 509,192 Gain on disposal of equipment (266573,139) (2,60277,033) (3316,818) - Loss from write-off of fixed assets 25,046 4,786 25,046 - Share of profit of associates (29,512,864) (62021,649,591) 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 Dividend income (184,186,700) (118,855,710) (1272,242,885) (1169,835,300) Gain on sale investments 11,102 (1,456,999) - - Loss from impairment of written off other current asset investment in related company 11,400 7,080 - 1,050 - 1,050 Gain from written off construction retentions Expense for employee benefit 6,198,770 5,440,554 2,022,143 1,922,647 Interest incomes (8,2153,708,440) (4,4633,825,950) - (1,2441,225,790) 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) - (11,5001,984,516) Finance cost 168,262 192,142 167,929 195,033 costs 41,375,126 39,700,825 21,431,180 16,738,481 Income tax expense 38,591 39,515 44,358 30,319 Interest income (1,786) (3,704) (57,236) (61,823) 36,855,344 50,425,776 12,256,770 17,204,826 Profit (loss) from operations operating activities before changes change in operating assets and liabilities 337,518 348,390 360,024 278,642 Changes in operating operational assets and liabilities (increaseIncrease) decrease in operational assets 240,167,740 409,022,279 119,965,588 142,193,346 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 (183,04253,006,887) (37,210104,805,377) 26,972,143 14,619,540 Inventories 1,199,718 5,830,495 (206,0421,094,544) (37,210) 1,411,691 Other current assets (94,5395,119,830) (27,182) (97,412) (21,899) 1,320,947 1,392,143 735,622 Other non-current assets 7,828 736,015 76,761 236,625 202,500 Increase (2,867decrease) 10,862 in operational liabilities Trade payables 8,460,968 1,665,278 1,053,502 (4,23115,430) Trade and other payables Accrued doctor fee 4,755,523 3,678,968 (34,3543,937,756) 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 79,180 664,429 Accrued expenses 13,706,145 17,508,044 5,300,760 5,688,897 Advance received from Social Security Office 149,509,837 - - - Other current liabilities 11,020 1,775 9,033 424 Utilities guarantee 7,950,561 493,871 4,333,260 (2242,803,030) Liabilities under operating lease contracts 498,437 498,437 - - Employee benefit obligations (965,544) (3,4833,403,237) (224443,900) (3,4831,053,590) Other non-current liabilities 869,903 (22,0741,702,395) (6,790595,583) 110,750 Notes to the interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements 2019 2018 2019 2018 Xxxx receipt from operation Interest received 368,762,586 290 330,184,071 22 153,182,23 819 161,754,72 519 Interest paid (3,346) (18,3234,821) (3,904) Cash from operating activities 110,485 762,652 595,905 827,086 - - Income tax paid (55,02314,036,851) (69,73512,573,732) (46,4785,634,886) (29,6265,183,622) 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 35,627 746 354,722,679 317,605,540 147,547,371 156,571,122 (Increase) decrease in short-term loans loan to related company (7,000,000) 25,500,000 3,000,000 3,000,000 (Increase) decrease in fixed deposits pledged as collateral 7,520,448 (86,790) - - Cash paid for investment in associates - (20,000,000) - (20,000,000) Cash paid for available-for-sale investment (1,465,740,559) (168,419,976) (1,453,547,120) (142,699,441) Cash receipt from related parties sale of available-for-sale investments 13,083,921 25,659,689 - - Dividend received from available-for-sale investments 40,880,700 - 15,000,000 - Cash paid for investment in subsidiary (27,576,701) - - - (20,752Decrease) 121,886 Investment in subsidiaries increaseed the capital Long-term loans to other persons (635,000) - - - Xxxx paid for acquisition of property, plant and equipment (9,000) - Purchase of investment properties (46154,273,909) (765166,597,966) (4648,474,276) (76530,514,797) Purchase of equipments (30,043) (20,940) (6,629) (18,192) Received Proceed from disposal of equipment 266 2,666 33 683 Purchase 573,272 1,147,640 16,823 - Cash paid for acquisition of intangible assets (2,71032,482) (1,7792,777,781) (84127,392) (1,49510,001) Cash paid for advance payment of assets (26,444,125) (79,548) - - Interest received 3,962,004 3,500,101 1,225,772 1,984,498 Net cash provided by (used in) in investing activities (3,3681,615,682,431) (16,368) 30 106,366 ASH FLOWS FROM FINANCING ACTIVITIES Finance costs paid (400,734302,154,631) (441,3091,482,806,193) (373,568) (439,970) Dividend (39,198) (48,997) (39,198) (48,997188,239,741) Increase (decrease) in bank overdrafts and short-term loans from financial institutions (48,495) (1,157,903) (58,011) (1,148,844) 459,159,292 108,667,578 310,000,000 180,000,000 Increase (decrease) in short-term loans from related parties (42,000,000) 45,000,000 (48,000,000) - - 152,060 (112,990) Proceed from longIncrease in short-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 real eatate under development cost during the period 227,818 220,181 207,635 226,967other persons 3,600,000 1,000,00

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 14May 12, 2018 2023 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, 2018 31, 2017 30, 2018 2023 31, 2017 2022 31, 2023 31, 2022 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 5 20,100 15,709 1,674 7,038 Trade and other current receivables 5 63,982 94,264 607,676 575,568 Real estate projects 4, 6 182,821 247,033 66,144 144,069 Contract assets 7 2,714,546 2,742,292 593,421 552,996 Short-term loans to related parties 4 14,778 17,969 2,778 2,778 Advances paid to subcontractors under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 Shortconstruction contracts 4 345,361 354,246 27,267 23,597 Inventories 8 1,608 1,608 1,608 1,608 Withholding tax deducted at source 91,655 122,856 43,696 79,857 Other current assets 52,542 49,702 14,335 10,613 Total current assets 3,423,411 3,551,415 750,923 822,556 NON-CURRENT ASSETS Restricted deposits at banks 9 53,774 53,552 26,336 26,115 Long-term loans to related parties 4 - - 1,347,556 1,303,804 Other current assets 188,020 90,206 172,485 75,032 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 - - Investments in subsidiaries 8 10 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 477,372 477,372 Investments in associate 11 - - - - Investments in joint ventures 12 123,197 123,991 115,375 115,375 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 13 558,258 571,987 534,304 547,389 Right-of-use assets 14 12,449 14,673 11,337 12,970 Intangible assets 19,910 21,074 17,512 20,422 8,551 9,097 8,361 8,899 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 20,707 20,508 17,865 17,583 Other non-current assets 47,737 55,565 36,620 47,482 8,591 8,168 1,469 1,575 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 785,527 801,976 1,192,419 1,207,278 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 4,208,938 4,353,391 1,943,342 2,029,834 Notes to interim financial statements form an integral part of these statements. CURRENT LIABILITIES 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, 2018 31, 2017 30, 2018 2023 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 2022 31, 2017 30, 2018 2023 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 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 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 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 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 2022 Bank overdrafts and short-term loans from financial institutions (48,495) (1,157,903) (58,011) (1,148,844) Increase (decrease) in short15 962,862 939,909 268,902 307,403 Trade and other current payables 4, 16 746,897 788,919 394,998 407,216 Unbilled payable 1,101,432 1,174,282 141,260 147,489 Contract liabilities 7 545,621 617,556 62,471 87,180 Short-term loans from related person or parties 4 68,300 73,300 699,614 712,214 Accounts payable - retention under construction contracts 4 304,140 284,930 33,779 32,843 Provision for liabilities under construction projects 17 63,686 64,486 61,463 61,463 Current portion of lease liabilities 18 7,195 10,379 5,712 6,784 Income tax payable 736 239 - - 152,060 Other current liabilities 32,922 33,671 12,704 8,606 Total current liabilities 3,833,791 3,987,671 1,680,903 1,771,198 NON-CURRENT LIABILITIES Lease liabilities 18 6,564 7,804 6,449 7,494 Non-current provisions for employee benefits 19 40,904 38,705 28,916 27,188 Provision for litigation 24 20,000 2,494 20,000 2,494 Non-other current liabilities 4 13,890 13,890 - - Total non-current liabilities 81,358 62,893 55,365 37,176 TOTAL LIABILITIES 3,915,149 4,050,564 1,736,268 1,808,374 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated financial statements Separate financial statements Notes As at March 31, 2023 As at December 31, 2022 As at March 31, 2023 As at December 31, 2022 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 (112,990deficits) 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 Appropriated - statutory reserve The Company - - - - - - - - Subsidiary - - - - Unappropriated (1,514,427922,699) (1,493,490913,845) (1,377,291991,319) (1,378,710976,933) Proceeds Other components of shareholders' equity 15,634 15,818 - - Equity attributable to owners of the Company 291,328 300,366 207,074 221,460 Non-controlling interests of the subsidiaries 2,461 2,461 - - Total shareholders' equity 293,789 302,827 207,074 221,460 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 4,208,938 4,353,391 1,943,342 2,029,834 Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements Notes 0000 0000 0000 2022 REVENUES 4 Construction services income 633,104 833,869 273,330 288,622 Other services income 1,318 1,318 - - Sales income - 1,600 - - Interest income 361 320 17 - Other income 2,106 3,597 5,393 5,009 Total revenues 636,889 840,704 278,740 293,631 EXPENSES Cost of construction services 4 568,496 784,277 230,986 261,642 Cost of other services 851 939 - - Cost of sales - 1,222 - - Administrative expenses 61,876 71,308 46,280 50,777 Total expenses 631,223 857,746 277,266 312,419 Profit (loss) from debentures operating activities 5,666 (17,042) 1,474 (18,788) Finance cost 4 (13,224) (9,799) (16,142) (11,049) Share of profit (loss) from investments in joint venture 12.2 (756) (4,898) - 2,154,500 - 2,154,500 Repayment Profit (loss) before income tax expenses (8,314) (31,739) (14,668) (29,837) Income tax income (expenses) 20 (540) (1,706) 282 333 PROFIT (LOSS) FOR THE PERIOD (8,854) (33,445) (14,386) (29,504) Notes to interim financial statements form an integral part of debentures these statements. Other comprehensive income: Components of other comprehensive income to be reclassified to profit or loss Exchange differences on translation of financial statements Consolidated financial statements Separate financial statements Notes 0000 0000 0000 2022 in foreign currency - net of income tax (184) 1,827 - - Other comprehensive income for the period - net of income tax (184) 1,827 - - Total comprehensive income for the period (9,038) (31,618) (14,386) (29,504) Profit (loss) attributable to: Equity holders of the Company (8,854) (33,002) (14,386) (29,504) Non-controlling interests of the subsidiaries - (1,606,300443) - (1,606,300) Transaction cost from issue of debenture - (13,9988,854) (33,445) (14,386) (29,504) Total comprehensive income attributable to: Equity holders of the Company (9,038) (31,343) (14,386) (29,504) Non-controlling interests of the subsidiaries - (275) - - (13,998) Repayment of finance lease liabilities (13,5739,038) (24,10231,618) (12,77114,386) (21,27229,504) Net cash provided by Earnings per share Basic earnings (used inloss) financing activities per share Profit (218,512loss) attributable to equity holders of the Company 21 (0.0009) (694,1350.0034) (684,5350.0015) (888,6040.0031) 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 Notes to interim financial statements form an integral part of real eatate under development cost during these statements. FOR ThE ThREE-MONTh PERIOD ENDED MARCh 31, 2023 Equity attributable to the period 227,818 220,181 207,635 226,967parent's shareholders Equity attributable Total Issued and Other dificit Retained earnings (deficit) Other components of equity Total equity to non-controlling shareholders' paid-up Deficit on Total Appropriated - Statutory reserve Unappropriated Other comprehensive income Total other attributable to interests of equity In Thousand Baht Consolidated financial 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 14August 15, 2018 2023 "UNAUDITED" "REVIEWED" 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 Note 30, 2018 2023 31, 2017 2022 30, 2018 2023 31, 2017 2022 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 301,016 279,913 158,387 165,594 - general companies 6 192,020 191,326 84,606 167,319 - related companies 5, 6 23,881 15,833 95,258 4,332 Other current receivables - general companies 52,550 47,219 47,759 43,286 - related companies 5 1,075 2,000 192,794 254,132 Trade accounts receivable from construction work 6 7,898 - 7,898 - Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits contract assets 6.2 33,842 40,359 33,842 40,359 Inventories 7 358,473 309,947 46,747 108,697 Advance for land 17 316,462 291,600 316,462 291,600 purchase of inventories 55,980 53,048 54,124 53,048 Short-term loans loan to related parties 4 companies 5 - - 1,347,556 1,303,804 57,668 57,668 Other current assets 188,020 90,206 172,485 75,032 49,703 41,216 5,042 7,993 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 1,076,438 980,861 784,125 902,428 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" In Thousand Baht Consolidated financial statements Separate financial statements As at June As at December As at June As at December Note 30, 2023 31, 2022 30, 2023 31, 2022 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in Restricted deposit with bank 8 10,943 6,115 8,453 5,420 Trade and other non-current receivables 65,624 66,044 65,624 66,044 Other non-current financial assets 9 107,576 107,576 107,576 107,576 Investment - subsidiaries 8 companies 10 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 259,173 245,173 - associated companies 10 914,792 898,333 163,547 163,547 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 Intangible 11 1,418,862 1,405,767 1,009,555 889,767 Right-of-use assets 19,910 21,074 17,512 20,422 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 61,417 24,171 7,519 9,830 Other non-current assets 47,737 55,565 36,620 47,482 2,347 2,085 943 328 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 2,581,561 2,510,091 1,622,390 1,487,685 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 3,657,999 3,490,952 2,406,515 2,390,113 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" 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 Note 30, 2018 2023 31, 2017 2022 30, 2018 2023 31, 2017 2022 CURRENT LIABILITIES Short-term loans 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 13 60,000 63,000 - 3,000 Short-term loans from related parties 4 companies 5 134,350 101,350 - - 234,298 82,238 Trade accounts payable - general companies 199,595 168,797 76,844 102,491 Other current payable - general companies 14 120,149 137,906 93,972 117,284 Trade and other current payables - related companies 5 66,202 24,066 64,007 20,708 Current portion of long- Long-term loans loan from other parties 10 111,493 111,493 111,493 111,493 financial institutions 15 - 1,399 - 1,399 - Lease liabilities 14,638 8,433 1,278 3,105 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 provisions for employee benefits 16,659 19,972 16,259 18,580 Other current liabilities 74,681 62,001 31,764 21,552 53,818 19,788 19,500 18,841 Total current liabilities 5,660,182 2,919,384 5,611,868 3,196,837 665,411 544,711 271,860 285,408 NON-CURRENT LIABILITIES LongLease liabilities 40,869 11,933 6,430 7,284 Non-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 current provisions for employee benefits 50,237 48,486 30,978 30,192 Deferred Tax 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 - 44,615 43,709 10,512 9,764 Other non-current liabilities 110,562 130,040 82,669 99,170 47,272 49,188 46,803 48,718 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 182,993 153,316 94,723 95,958 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion 848,404 698,027 366,583 381,366 Notes to interim financial statements form an integral part of long-term loans these statement "UNAUDITED" "REVIEWED" 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 Note 30, 2018 2023 31, 2017 2022 30, 2018 2023 31, 2017 2022 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised Share capital - common share capital 1,200,000 1,200,000 1,200,000 1,200,000 at Baht 1 par value - Registered 593,125,849 shares 593,126 593,126 593,126 593,126 - Issued and paidpaid - up 593,125,849 shares 593,126 593,126 593,126 593,126 Premium on ordinary shares 72,404 72,404 72,404 72,404 Retained earnings - Appropriated legal reserve 59,313 59,313 59,313 59,313 - Unappropriated 1,789,155 1,771,814 1,268,798 1,237,613 Other components of equity 79,134 79,134 46,291 46,291 Total shareholder's equity of the parent company 2,593,132 2,575,791 2,039,932 2,008,747 Non-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 controlling interests 216,463 217,134 - - TOTAL SHAREHOLDERS' EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 2,809,595 2,792,925 2,039,932 2,008,747 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 3,657,999 3,490,952 2,406,515 2,390,113 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue financial statements 0000 0000 0000 2022 Sales and services income Construction income Total revenues Cost Cost of sales and services Cost of construction Total cost Gross profit Dividend income Other income Gain 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 assets Profit before expenses 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 Total expenses Profit (loss) from operations 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 equity in net income of associated companies Share of profit from investment in associated companies Profit (loss) before income tax expense 28,808 60,234 55,286 60,849 Income Tax expenses (income) Profit (loss) from continued operation for the period 35,136 36,506 8,147 34,495 15,313 33,197 - 627 58,596 104,825 (49,353) 50,354 (50,547) 50,102 (32,903) 50,102 (31,904) 50,102 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 0000 0000 0000 2022 Items that will not be reclassified subsequently to profit or loss Equity in comprehensive income of associated company Profit (Loss) from financial assets valuation - net from tax expense 11,821 14,810 13,695 12,970 PROFIT Items subsequently reclassifiable to profit or loss Other comprehensive income (LOSSexpense) FOR THE PERIOD 16,987 45,424 41,591 47,879 Other for the period Total 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 Shareholders' equity Owner 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 Owner 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 Total Profit (loss) for attributable to equity holders of the period Company (Baht per share) 15 0.02 0.05 0.04 0.05 Weighted average number of common shares (thousand share) Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue financial statements 0000 0000 0000 2022 Sales and services income Construction income Total revenues Cost Cost of sales and services Cost of construction Total cost Gross profit Dividend income Other income Gain 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 assets Profit before expenses 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 Total expenses Profit (loss) from operations 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 equity in net income of associated companies Share of profit from investment in associated companies Profit (loss) before income tax expense 125,450 129,866 194,728 115,397 Income Tax expenses (income) Profit (loss) from continued operation for the period 116,512 74,214 12,727 42,624 30,303 60,103 162,053 178,816 (44,084) 50,343 (46,121) 49,725 (7,885) 49,725 (8,114) 48,977 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 0000 0000 0000 2022 Items that will not be reclassified subsequently to profit or loss Equity in comprehensive income of associated company Profit (Loss) from financial assets valuation - net from tax expense 38,591 39,515 44,358 30,319 PROFIT (LOSS) FOR THE PERIOD 86,859 90,351 150,370 85,078 Items subsequently reclassifiable to profit or loss Other comprehensive income (expense) for the period Total comprehensive income for the period Owner of the parent company Non-controlling interests Total Owner of the parent company Non-controlling interests Total Profit (loss) attributable to equity holders of the Company (Baht per share) Weighted average number of common shares (thousand share) Notes to interim financial statements form an integral part of these statement Consolidated financial statements Shareholders' equity of the parent company Non-controlling Total Issued and Premium on Retained earnings Other components of shareholders' equity Total interests paid-up ordinary Appropriated Unappropriated Other comprehensive income share capital shares - Legal reserve Surplus from change Gain (loss) on Total in proportion of financial assets investment in measured at subsidiary company fair value through other comprehensive income 593,126 72,404 59,313 1,829,953 32,843 34,818 67,661 2,622,457 220,597 2,843,054 Note Transaction with shareholder Dividend paid Dividend paid by subsidiary to non-controlling interest Comprehensive income (expense) for the period Profit (loss) for the period Comprehensive income (expense) for the period Balance as at June 30, 2022 - - - - - - - (10,880) - - - (10,880) 2,766 (8,114) - - - (104) - 3,318 3,318 3,214 - 3,214 593,126 72,404 59,313 1,813,038 32,843 38,136 70,979 2,608,860 218,659 2,827,519 Transaction with shareholder Dividend paid Dividend paid by subsidiary to non-controlling interest Comprehensive income (expense) for the period Profit (loss) for the period Comprehensive income (expense) for the period Balance as at June 30, 2023 59,313 1,771,814 32,843 46,291 79,134 2,575,791 217,134 2,792,925 593,126 72,404 - - - 35,800 - - - 35,800 1,588 37,388 - - - (667) - - - (667) - (667) 593,126 72,404 59,313 1,789,155 32,843 46,291 79,134 2,593,132 216,463 2,809,595 Notes to interim financial statements form an integral part of these statement In Thousand Baht Separate financial statements Shareholders' equity of the parent company Issued and paid-up Premium on Retained earnings Other components of share capital ordinary shares shareholders' equity Appropriated Unappropriated Gain (loss) on financial assets - legal reserve measured at fair value through other Note comprehensive income Balance as at January 1, 2022 593,126 72,404 59,313 1,207,473 34,818 1,967,134 Transaction with shareholder Dividend paid - - - (5,931) - (5,931) Comprehensive income (expense) for the period Profit (loss) for the period - - - 46,586 - 46,586 Comprehensive income (expense) 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 Shareholders' equity of 3,318 3,318 Balance as at June 30, 2022 593,126 72,404 59,313 1,248,128 38,136 2,011,107 Transaction with shareholder Dividend paid Comprehensive income (expense) for 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 period Profit (loss) for the period Comprehensive income (Baht per shareexpense) 15 0.09 0.09 0.15 0.09 Consolidated Financial Statements Retained Earnings Total Note Paid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For 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 June 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 2023 - - - - - - (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 3,388,133 593,126 72,404 59,313 1,268,798 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements 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 financial statements 2023 2022 2023 2022 Cash flows from operating activities Profit (loss) for the period 86,859 90,351 150,370 85,078 before income tax expense 38,875 (7,885) 49,725 45,780 Adjustments to reconcile profit income (loss) for the period before income tax to net cash provided by from (used in) from operating activities Doubtful debt activities: Depreciation and amortization 46,727 53,000 26,339 26,977 Allowance for expected credit losses (Reversereversal) (263) 2,193 (65) 2,076 268 14,415 - - Allowance for decline in value of real estate projects under development inventories (Reversereversal) (9,8231,232) (11,2312,347) (3,3044,149) 320 (Gain) loss on sales of assets (2,016) (11,2312,734) Depreciation and amortization 48,861 47,919 46,438 43,977 Loss (1,875) (2,511) Unrealized (gain) loss on disposal of equipment foreign exchange rate 1,380 510 318 119 Dividend income (2666,124) (2,60212,727) (3342,624) (62057,816) 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 Interest income (1706) (1239) (11,791) (11,536) Loss Finance costs 2,640 2,037 618 1,000 Equity in net income of written off other current asset - 1,050 - 1,050 Gain from written off construction retentions associated companies (8,21551,274) (4,46338,236) - (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 employee benefits expenses 1,654 1,580 584 884 Gain from lease agreement temination (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 (1,78689) (3,70411) (57,23689) (61,82311) Profit Cash provided from (lossused in) from operations before changes in operating assets and liabilities 337,518 348,390 360,024 278,642 Changes 30,103 7,363 27,056 13,206 (Increase) decrease in operating assets Trade accounts receivable from sales and liabilities services - general companies (increase1,519) decrease Trade and other receivables 30,545 25,002 82,486 3,403 - related companies (19,7188,048) 23,555 7,077 (12,973) Real estate projects under development (248,547) 405,135 209,530 492,788 Deposits for land (183,04290,926) (37,2105,090) Other current receivables - general companies (5,275) (206,04227,009) (37,2104,473) (24,484) - related companies 925 62 (57,296) (14,096) Trade accounts receivable from construction work (7,898) 2,603 (7,898) 2,603 Current contract assets 6,517 1,516 6,517 1,516 Inventories (47,294) (6,792) 66,099 19,520 Advances for purchase of inventories (2,932) 17,143 (1,076) 17,143 Other current assets (94,5398,488) (27,182373) (97,412) (21,899) Other 3,009 1,008 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 2023 2022 2023 2022 Trade and other non-current receivables (514) (6,667) (2,994) (6,680) Other non - current assets 7,828 (2,867270) 10,862 2,679 (4,231615) 60 Increase (decrease) in operating liabilities Trade accounts payable - general companies 29,974 (5,299) (25,738) (1,186) Trade and other current payables - related companies 41,044 (34,354581) 44,368 1,041 69,474 Construction retentions 43,299 (12,0961,887) Other current payable - general companies (17,757) (20,01240,588) (14,66423,309) (9,72231,849) 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 Current contract liabilities - (8,337) - (8,337) Other current liabilities 11,020 1,775 9,033 424 Utilities guarantee 34,030 (224956) 660 (864) Employee benefits obligation paid (3,812) (3,483907) (2242,494) (3,483401) Other non-non - current liabilities (22,0741,916) 5,633 (1,916) 5,164 Cash provided from (used in) operations 36,870 (28,431) 10,391 (31,251) Cash paid for interest (734) (6,7901,041) (18,32345) (3,904537) Cash from operating activities 110,485 762,652 595,905 827,086 Income tax paid payment (55,0235,109) (69,7352,013) (46,4782,465) (29,6261,943) Xxxx received the income tax refund 5,879 6,047 5,879 6,047 Net cash provided by from (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 36,906 (25,438) 13,760 (27,684) Cash flows from investing activities (Increase) decrease in deposits at banks used as collateral 27,379 746 35,627 746 restricted deposit with bank (4,828) 3 (3,033) - Acquisition of assets (55,302) (6,931) (25,189) (2,610) Proceeds from sales of assets 2,016 2,744 1,875 2,520 Cash payment for investment in subsidiary - - (14,000) - (Increase) decrease in short-term loans to related company - - - - Xxxx received from interest income 650 219 368 159 Dividend income 40,272 52,920 42,624 57,816 Net cash provided from (used in) investing activities (17,192) 48,955 2,645 57,885 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 2023 2022 2023 2022 Cash flows from financing activities Cash paid for Short-term loans from financial institution (3,000) - (3,000) - Increase in short-term loans from related parties - - (20,752) 121,886 Investment in subsidiaries increaseed the capital 23,850 - - (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 Cash received the short-term loans from financial institutions (48,495) (1,157,903) (58,011) (1,148,844) Increase (decrease) in related parties 33,000 - - - Cash paid for short-term loans from related parties - (1,350) - 152,060 - Cash paid for lease liabilities (112,9907,161) Proceed from (5,719) (1,421) (2,292) Cash paid for 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 institution (1,514,4271,399) (1,493,4902,892) (1,377,2911,399) (1,378,7102,892) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures - Dividend paid (1,606,30017,792) (5,931) (17,792) (5,931) Dividend paid by subsidiary to non-controlling interest (2,259) (4,704) - (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 from (used in) financing activities 1,389 3,254 (218,51223,612) (694,13511,115) (684,535) (888,604) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase Increase (decrease) in cash and cash equivalents equivalents-net 21,103 26,771 (166,4187,207) (17,586) (135,078) 15,222 19,086 Cash and cash equivalents as at January 1, 291,717 321,473 214,665 195,508 the beginning of the period 279,913 249,587 165,594 160,484 Cash and cash equivalents as at September 30, 125,299 303,887 79,587 210,730 Non-the end of the period 301,016 276,358 158,387 179,570 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 transaction 120,000 Notes to interim financial statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these statement SIAM STEEL INTERNATIONAL PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO INTERIM FINANCIAL 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 14August 10, 2018 2020 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, 2018 2020 31, 2017 2019 30, 2018 2020 31, 2017 CURRENT ASSETS 2019 Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 57,147 27,210 49,089 19,195 Trade and other current receivables 5 63,982 94,264 607,676 575,568 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 12,161,757 11,474,271 9,514,008 9,314,927 Deposits costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held for land 17 316,462 291,600 316,462 291,600 Short-term loans to related parties 4 - - 1,347,556 1,303,804 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 188,020 90,206 172,485 75,032 2,054 3,310 2,116 3,330 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment in subsidiaries 8 12 - - 311,000 302,000 86,864 79,364 Investment properties 9 454,229 454,183 416,629 416,583 property 13 206,549 192,201 206,549 192,201 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - Intangible assets 19,910 21,074 17,512 20,422 16 4,260 4,653 4,148 4,528 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 17 16,983 14,645 15,261 12,923 Other non-current assets 47,737 55,565 36,620 47,482 8,958 9,387 8,888 9,267 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 358,606 328,854 433,947 397,754 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 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 Separate Financial Statements Separate Financial Statements As at September June As at December As at September June As at December Notes Note 30, 2018 2020 31, 2017 2019 30, 2018 2020 31, 2017 2019 CURRENT LIABILITIES from financial institutions 10 298,522 347,017 289,006 347,017 Trade Bank overdrafts and other payables 287,152 318,248 708,076 698,768 from financial institutions 10 1,125,013 611,433 505,671 501,152 Shortshort-term loans from related parties 4 - - 234,298 82,238 the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loans loan from other parties 10 111,493 111,493 111,493 111,493 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 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 21 4,323 - 4,323 - Accrued 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 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 5,660,182 2,919,384 5,611,868 3,196,837 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 10 801,675 1,031,767 605,930 963,496 Long-term loans from related party 4 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - 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 Provision for employee benefit obligations 55,213 50,546 23,272 21,081 Long-term lease agreement obligation 22 61,434 64,930 59,632 63,222 Provision for litigation 12 87,298 - 66,622 - 87,298 - 66,622 - 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 110,562 130,040 82,669 99,170 6,490 3,950 6,490 3,950 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of long-term loans these statements. 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, 2018 2020 31, 2017 2019 30, 2018 2020 31, 2017 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised 2019 Share capital Authorized share capital 1,200,000 1,200,000 1,200,000 1,200,000 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 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS 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 - legal reserve 80,874 80,874 80,874 80,874 75,360 75,360 75,360 75,360 Unappropriated 1,658,049 1,610,388 1,312,274 1,201,102 737,765 669,306 742,642 671,780 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 SHAREHOLDERS' SHAREHOLDER’S EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDERS' SHAREHOLDER’S EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 Consolidated Separate Financial Statements Financial Statements 3,932,308 4,102,699 3,923,333 4,088,989 Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale to interim financial statements form an integral part of real estate 1,018,352 1,390,665 816,675 1,177,177 Interest these statements. Sales 520,136 213,141 520,136 213,141 Rental income 338 421 18,758 18,592 and service 2,884 5,296 1,528 4,099 Other income 23,392 13,309 27,720 10,118 6 2,303 1,497 2,047 1,515 Total income 1,042,082 1,404,395 863,153 1,205,887 Revenues 525,323 219,934 523,711 218,755 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 sales 6 333,355 154,493 333,355 154,493 Cost for rent and transferred fee 38,959 54,436 31,280 46,305 service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 135,913 135,115 103,969 107,482 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 56,529 59,837 55,101 60,374 Total 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 1,013,274 1,344,161 807,867 1,145,038 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) before for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive 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 - - - - Total 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 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - - 16,987 45,424 41,591 47,879 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - - 16,987 45,424 41,591 47,879 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) 15 0.02 0.05 0.04 0.05 Consolidated Separate Financial Statements Financial Statements 0.048 (0.008) 0.049 (0.008) Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale to interim financial statements form an integral part of real estate 3,019,231 3,595,082 2,444,840 2,923,309 Interest these statements. Sales 849,116 614,700 849,116 614,700 Rental income 1,786 3,704 57,236 61,823 Reversal of provision for litigation 12 - 11,500 - 11,500 and service 5,295 10,755 3,684 8,268 Other income 79,327 72,658 102,895 55,955 6 4,202 2,947 3,933 2,977 Total income 3,100,344 3,682,944 2,604,971 3,052,587 Revenues 858,613 628,402 856,733 625,945 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 sales 6 554,025 410,217 554,025 410,217 Cost for rent and tranferred fee 115,505 139,274 93,650 113,612 service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 403,439 405,865 317,824 325,687 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 168,262 192,142 167,929 195,033 Total 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 2,974,894 3,553,078 2,410,243 2,937,190 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 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 for the period 66,666 23,240 70,862 22,668 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 Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - - 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 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - - 86,859 90,351 150,370 85,078 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 15 0.09 0.09 0.15 0.09 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 Non-controlling Total Share capital Premium on Retained Earnings earnings Other Total interests Note Paidissued and paid-up Share Capital on Ordinary Shares Legal Reserve share capital Appropriated Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance legal reserve component of equity s Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,593,352 3,314,466 Dividend 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 - - - (48,997) (48,997) Profit for the period - - - 90,351 90,351 - - Total comprehensive income for the period - - - 90,351 90,351 Balance 68,459 - 68,459 (1,793) 66,666 Ending balance as at September June 30, 2017 980,000 669,210 71,904 1,634,706 3,355,820 For the nine-month period ended September 30, 2018 Balance 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2018 980,000 669,210 80,874 1,610,388 3,340,472 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid 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 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 - - - - - - (48,99737,358) 85,078 23,240 - (48,99737,358) 85,078 - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 85,078 85,078 Balance 23,240 - 23,240 - 23,240 Ending balance as at September June 30, 2017 980,000 669,210 71,904 1,126,989 2,848,103 For the nine2019 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. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-month period ended September 30, 2018 Balance up legal reserve of equity Beginning balance as at January 1, 2018 980,000 669,210 80,874 1,201,102 2,931,186 Dividend 2020 1,245,284 Comprehensive income Profit for the period - Other 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 70,862 70,862 Ending balance as at September June 30, 2018 980,000 669,210 80,874 1,312,274 3,042,358 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 Financial Statements 2018 2017 2018 2017 2020 2019 2020 2019 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 66,666 23,240 70,862 22,668 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 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (gain) on disposal of equipment (2661) (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 (12) (1) (12) Doubtful account - 980 - 980 (1Gain) Loss loss from sale and amortization of written off other current asset investment property - 1,050 2,963 - 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 2,963 Provision for compensation for housing estate juristic persom persons 1,751 866 1,751 866 Employee benefit 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 1,698 2,292 1,620 2,184 Interest income (1,78675) (3,70479) (57,23674) (61,82377) Profit Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (lossincome) 14,490 3,521 14,444 3,445 Income from operations operating activities 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 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development (248,547) 405,135 209,530 492,788 Deposits costs 230,356 74,755 230,356 74,755 Land held for land (183,042) (37,210) (206,042) (37,210) development - 508 - 508 Other current assets (94,539) (27,182) (97,412) (21,899) 1,256 2,526 1,214 2,668 Other non-current assets 7,828 (2,867981) 10,862 589 (4,231981) 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 (34,3542,861) 44,368 1,041 69,474 Construction retentions 26,846 (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) (3,4833,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (22,074paid) 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) (6,79015,412) (18,3239,481) (3,904) Cash from operating activities 110,485 762,652 595,905 827,086 Income tax paid (55,023) (69,735) (46,478) (29,62615,367) Net cash provided by (used in) operating activities 55,462 692,917 549,427 797,460 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Interest received 1,786 3,704 1,638 3,503 Increase in temporary investment (Increase1) decrease (41) - (40) Increase in restricted deposits at banks used as collateral 27,379 746 35,627 746 with financial institutions (Increase2,002) decrease (758) (2,002) (758) Cash paid for increase of capital in short-term loans from related parties subsidiary - - (20,752) 121,886 Investment in subsidiaries increaseed the capital - - (9,0007,500) - Purchase Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment properties property (4616,811) (7654,829) (4616,811) (7654,829) Purchase of equipments (30,043) (20,940) (6,629) (18,192) Received from disposal of equipment 266 2,666 33 683 Purchase Cash paid for purchase of intangible assets (2,71027) - (1,77927) (841) (1,495) - Net cash provided by (used in) investing activities (3,36823,511) (16,3686,913) 30 106,366 ASH (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 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 Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (48,49594,098) (1,157,90363,743) (58,01194,098) (1,148,84463,743) Increase Cash paid for liabilities under lease liabilities (decrease1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loans loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related parties party - (1,000) - - 152,060 (112,990) Proceed Cash received from long-term loans from financial institutions 1,797,915 1,937,464 1,024,244 1,727,977 Repayment of 178,043 259,267 178,043 259,267 Cash paid for long-term loans from financial institutions (1,514,427370,378) (1,493,490272,694) (1,377,291370,378) (1,378,710272,694) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (1,606,30037,358) - (1,606,300) Transaction cost from issue of debenture - (13,998) - (13,998) Repayment of finance lease liabilities (13,573) (24,102) (12,771) (21,27237,358) Net cash provided by (used in) financing activities (218,512314,407) (694,135206,484) (684,535316,769) (888,604205,306) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase (decrease) in cash and cash equivalents 29,939 (166,41812,101) 29,894 (17,58611,948) (135,078Cash 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) 15,222 Cash and cash equivalents as consisted of : Cash on hand 784 607 669 607 Cash 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967bank 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 14May 13, 2018 2022 "UNAUDITED"‌ "REVIEWED" 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, 2018 Note 31, 2017 30, 2018 2022 31, 2017 2021 31, 2022 31, 2021 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 224,354 249,587 115,241 160,484 - general companies 6 211,352 191,242 171,879 132,490 - related companies 5, 6 20,678 25,291 2,845 6,529 Other current receivables - general companies 41,266 29,718 18,628 10,554 - related companies 5 5,330 1,354 245,892 224,841 Trade accounts receivable from construction work 6 2,795 2,603 2,795 2,603 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development contract assets 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits 15,003 24,245 15,003 24,245 Inventories 7 362,720 349,945 162,288 164,727 Advance for land 17 316,462 291,600 316,462 291,600 purchase of inventories 62,989 64,784 62,989 64,784 Short-term loans loan to related parties 4 companies 5 - - 1,347,556 1,303,804 57,691 57,691 Other current assets 188,020 90,206 172,485 75,032 47,142 35,008 22,735 11,747 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 993,629 973,777 877,986 860,695 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" In Thousand Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Note 31, 2022 31, 2021 31, 2022 31, 2021 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in Restricted deposit with bank 8 5,639 5,640 5,420 5,420 Trade and other non-current receivables 59,740 54,506 59,740 54,506 Other non-current financial assets 9 83,243 84,530 83,243 84,530 Investment - subsidiaries 8 companies 10 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 245,172 245,172 - associated companies 10 894,628 877,986 163,547 163,547 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 Intangible 11 1,479,464 1,511,950 915,285 937,772 Right-of-use assets 19,910 21,074 17,512 20,422 26,072 25,950 8,463 9,002 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 12 - - 1,307 879 Other non-current assets 47,737 55,565 36,620 47,482 11,813 3,839 402 387 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 2,560,599 2,564,401 1,482,579 1,501,215 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 3,554,228 3,538,178 2,360,565 2,361,910 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" 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, 2018 Note 31, 2017 30, 2018 2022 31, 2017 2021 31, 2022 31, 2021 CURRENT LIABILITIES Short-term loans 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 13 65,000 65,000 - - Short-term loans from related parties 4 companies 5 60,400 51,050 - - 234,298 82,238 Trade accounts payable - general companies 200,968 185,916 97,794 91,556 Other current payable - general companies 14 142,912 151,422 122,848 127,715 Trade and other current payables - related companies 5 15,349 20,911 15,658 21,878 Current contract liabilities 861 16,947 861 16,947 Current portion of long- Long-term loans loan from other parties 10 111,493 111,493 111,493 111,493 financial institutions 15 5,737 5,784 5,737 5,784 - Lease liabilities 9,931 9,271 3,440 3,419 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 provisions for employee benefits 16,679 16,679 16,368 16,368 Other current liabilities 74,681 62,001 31,764 21,552 14,532 10,194 8,693 8,989 Total current liabilities 5,660,182 2,919,384 5,611,868 3,196,837 532,369 533,174 271,399 292,656 NON-CURRENT LIABILITIES Long-term loans from financial institutions 10 801,675 1,031,767 605,930 963,496 Long15 - 1,399 - 1,399 Lease liabilities 13,622 14,663 5,396 6,074 Non-term loans from related party 4 current provisions for employee benefits 53,364 52,346 34,645 33,980 Defferred Tax liabilities 12 32,319 32,875 - - 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 61,535 60,667 61,066 60,667 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 160,840 161,950 101,107 102,120 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion 693,209 695,124 372,506 394,776 Notes to interim financial statements form an integral part of long-term loans these statement "UNAUDITED" "REVIEWED" 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, 2018 Note 31, 2017 30, 2018 2022 31, 2017 2021 31, 2022 31, 2021 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised Share capital - common share capital 1,200,000 1,200,000 1,200,000 1,200,000 at Baht 1 par value - Registered 593,125,849 shares 593,126 593,126 593,126 593,126 - Issued and paidpaid - up 593,125,849 shares 593,126 593,126 593,126 593,126 Premium on ordinary shares 72,404 72,404 72,404 72,404 Retained earnings - Appropriated legal reserve 59,313 59,313 59,313 59,313 - Unappropriated 1,848,722 1,829,953 1,229,685 1,207,474 Other components of equity 66,374 67,661 33,531 34,817 Total shareholder's equity of the parent company 2,639,939 2,622,457 1,988,059 1,967,134 Non-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 controlling interests 221,080 220,597 - - TOTAL SHAREHOLDERS' EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 2,861,019 2,843,054 1,988,059 1,967,134 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 3,554,228 3,538,178 2,360,565 2,361,910 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue financial statements 2022 2021 2022 2021 Sales and services income Construction income Total revenues Cost Cost of sales and services Cost of construction Total cost Gross profit Dividend income Other income Gain 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 assets Gain on foreign exchange rates Profit before expenses 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 Total expenses Profit (loss) from operations 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 equity in net income of associated companies Share of profit from investment in associated companies 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 Tax expenses (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 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 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 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 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) (61,823income) 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 continued operation 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 period 59,111 13,592 18,494 2,511 12 93,720 22,120 21,784 21,784 22,212 Notes to interim financial 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 statements form an integral part of real eatate under development cost during these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 2022 2021 2022 2021 Items that will not be reclassified subsequently to profit or loss Loss on revaluation of financial assets Equity in comprehensive income of associated company Items subsequently reclassifiable to profit or loss Other comprehensive income (expense) for the period 227,818 220,181 207,635 226,967Total comprehensive income for the period

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 14May 13, 2018 2020 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, 2018 31, 2017 30, 2018 2020 31, 2017 2019 31, 2020 31, 2019 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 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 63,982 94,264 607,676 575,568 Real estate projects 240,176 215,366 73,385 68,764 Advances paid to subcontractors under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - - 1,347,556 1,303,804 - - Withholding tax deducted at source 134,274 132,129 99,493 105,134 Other current assets 188,020 90,206 172,485 75,032 39,347 37,720 15,997 20,071 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 2,875,434 3,011,582 1,331,345 1,445,343 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 9 10,541 10,541 - - Long-term loans to related parties 5 - - - - Investments in subsidiaries 8 10 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 476,198 476,073 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 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 13 570,224 595,909 547,955 570,690 Right-of-use assets 14 23,972 - 11,100 - Intangible assets 19,910 21,074 17,512 20,422 10,502 10,747 10,334 10,566 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 22,854 28,972 13,402 13,367 Other non-current assets 47,737 55,565 36,620 47,482 6,959 6,271 5,467 5,468 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 769,435 704,053 1,166,832 1,103,915 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 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 Financial Statements financial statements As at September March As at December As at September March As at December Notes 30, 2018 31, 2017 30, 2018 2020 31, 2017 CURRENT LIABILITIES 2019 31, 2020 31, 2019 from financial institutions 10 298,522 347,017 289,006 347,017 banks 15 496,838 473,051 321,838 249,051 Trade and other payables 287,152 318,248 708,076 698,768 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 financial institutions 10 1,125,013 611,433 505,671 501,152 customers under construction contracts 23 940,852 986,559 373,908 387,031 Short-term loans from related parties 4 5 - - 234,298 82,238 Current portion of long-term loans from other parties 10 111,493 111,493 111,493 111,493 625,000 748,000 Provision for liabilities under construction projects 17 44,984 76,893 7,221 8,101 Current portion of debentures 11 3,031,215 1,031,215 3,031,215 1,031,215 18 - 30,000 - 30,000 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 19 11,430 - 16,615 2,291 - 39,717 5,682 - 3,426 526 - 28,077 Total current liabilities 5,660,182 2,919,384 5,611,868 3,196,837 2,686,495 2,779,344 1,765,304 1,817,323 NON-CURRENT LIABILITIES LongLease liabilities - net of current portion 19 15,370 1,582 7,518 1,582 Provision for 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 employee benefits 20 75,114 75,122 62,996 63,328 Provision for litigation 12 87,298 - 66,622 - 87,298 - 66,622 - Other non-current liabilities 110,562 130,040 82,669 99,170 26.1 20,000 20,000 20,000 20,000 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 110,484 96,704 90,514 84,910 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion 2,796,979 2,876,048 1,855,818 1,902,233 Notes to interim financial statements form an integral part of long-term loans these statements. 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, 2018 31, 2017 30, 2018 2020 31, 2017 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised share capital 1,200,000 1,200,000 1,200,000 1,200,000 2019 31, 2020 31, 2019 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 share capital 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS 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 Legal - statutory reserve 80,874 80,874 80,874 80,874 The Company - - - - Subsidiary 4,108 4,108 - - Unappropriated 1,658,049 1,610,388 1,312,274 1,201,102 TOTAL SHAREHOLDERS(335,404) (347,048) (556,034) (551,368) Other components of shareholders' EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 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 14,082,529 13,509,799 13,439,470 13,258,790 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 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 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 338 421 18,758 18,592 227 14 227 13 Other income 23,392 13,309 27,720 10,118 7,576 9,316 9,053 7,116 Total income 1,042,082 1,404,395 863,153 1,205,887 revenues 963,366 801,731 483,994 319,409 EXPENSES 4 Cost of sale construction services 5 854,983 755,047 406,836 303,706 Cost 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 other services 2,643 2,143 - - Administrative expenses 135,913 135,115 103,969 107,482 Finance costs 56,529 59,837 55,101 60,374 80,862 82,080 74,310 72,938 Total expenses 1,013,274 1,344,161 807,867 1,145,038 938,488 839,270 481,146 376,644 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 expense 28,808 60,234 55,286 60,849 expenses 17,313 (45,209) (4,701) (67,524) Income tax expense 11,821 14,810 13,695 12,970 income (expenses) 21 (6,119) (3,038) 35 1,047 PROFIT (LOSS) FOR THE PERIOD 16,987 45,424 41,591 47,879 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 - - - - 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 Shareholders' equity of - - - (345) - (345) (345) 698 353 Total comprehensive income for the parent company 16,987 45,424 41,591 47,879 Non-controlling interests period - - - - 16,987 45,424 41,591 47,879 Total comprehensive income attributable to Shareholders' equity of - - (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 parent company 16,987 45,424 41,591 47,879 Non-controlling interests period - - - - 16,987 45,424 41,591 47,879 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY Profit - - 11,644 - - - 11,644 (loss450) 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 11,194 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 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 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 - - - (48,9971,771) - (1,771) (48,9971,771) Profit for the period - - - 90,351 90,351 (1,120) (2,891) Total comprehensive income for the period - - - 90,351 90,351 - - - 11,644 (1,771) - (1,771) 9,873 (1,570) 8,303 Balance as at September 30March 31, 2017 980,000 669,210 71,904 1,634,706 3,355,820 For the nine2020 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 September 30MONTH PERIOD ENDED MARCH 31, 2018 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, 2018 980,000 669,210 80,874 1,610,388 3,340,472 Dividend Comprehensive 2019 770,396 1,041,740 73,371 (1,386,222) 499,285 Loss for the period Other comprehensive income for the period Profit for the period 13 - - - (66,477) - - - - (39,19866,477) 86,859 (39,198) 86,859 - Total comprehensive income for the period - - - 86,859 86,859 (66,477) (66,477) Balance as at September 30March 31, 2018 980,000 669,210 80,874 1,658,049 3,388,133 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 2019 770,396 1,041,740 73,371 (1,452,699) 432,808 Balance as at January 1, 2017 980,000 669,210 71,904 1,090,908 2,812,022 Dividend Comprehensive income 2020 1,198,393 - - (551,368) 647,025 Loss for the period Profit Other comprehensive income for the period - - - (4,666) - - - - (48,9974,666) 85,078 (48,997) 85,078 - Total comprehensive income for the period - - - 85,078 85,078 (4,666) (4,666) Balance as at September 30March 31, 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 - - - - 2020 1,198,393 - - (39,198556,034) 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 3,042,358 642,359 Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate Financial Statements Financial Statements 2018 2017 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES financial statements 2020 2019 2020 2019 Cash flows from operating activities Profit (loss) for the period 86,859 90,351 150,370 85,078 before tax 17,313 (45,209) (4,701) (67,524) Adjustments to reconcile profit (loss) for the period before tax to net cash provided by (used inpaid from) from operating activities Doubtful debt (Reverse) (263) 2,193 (65) 2,076 Depreciation and amortisation 29,460 29,176 25,865 26,096 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 doubtful debt - - 3,688 17,060 Unrealised (gain) loss on exchange rate (356) 940 (355) 939 (Gain) loss on disposal of equipment (266237) (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) (4,4631,901) - (1,244900) Employee benefit obligations 4,667 1,569 2,191 376 Homecare warranty and housing estate juristic persom expenses 4,256 Loss on write-off of equipment 10 41 8 41 Share of loss from investments in associate 1,596 - 3,001 - - Share of (profit) loss from investments in joint venture 259 (1,080) - - Provision for litigation (Reverse) liabilities under construction projects 1,000 7,898 - (11,500) 7,898 Provision for long-term employee benefits 3,687 3,139 3,035 2,591 Amortised transaction cost of debenture - (11,500) Finance cost 168,262 192,142 167,929 195,033 Income tax expense 38,591 39,515 44,358 30,319 250 - 250 Interest income (1,786227) (3,70414) (57,236227) (61,82313) Interest expenses 5,710 8,745 7,549 10,289 Profit (loss) from operations operating activities before changes in operating assets and liabilities 337,518 348,390 360,024 278,642 Changes 58,215 1,985 34,862 (3,273) (Increase) decrease in operating assets and liabilities (increase) decrease Trade and other receivables 30,545 546,139 117,336 384,902 68,829 Unbilled receivables (19,718) 23,555 (12,973) Real estate projects under development (248,547) 405,135 209,530 492,788 Deposits for land (183,042301,478) (37,21085,567) (206,042332,971) 38,376 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) (37,21027) - - Other current assets (94,5391,627) (27,182) (97,412) (21,899) 5,816 4,074 12,054 Other non-current assets 7,828 (2,867688) 10,862 (4,23173) 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 (34,354) 44,368 1,041 69,474 Construction retentions (12,09688,972) (20,01282,020) (14,66433,517) (9,722105,633) 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 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 11,020 1,775 9,033 424 Utilities guarantee (22423,102) 13,668 (24,651) (3,4834,256) 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) (2246,409) (3,483) Other non-current liabilities (22,074880) (6,7905,796) Xxxx paid for provision for long-term employee benefits (3,695) (18,323768) (3,9043,367) (768) Cash from operating activities 110,485 762,652 595,905 827,086 Income paid for income tax paid (55,02323,145) (69,73519,833) (46,47815,358) (29,62612,989) Received from withholding tax refund 20,999 - 20,999 - Net cash flows provided by (used in) operating activities 55,462 692,917 549,427 797,460 ASH FLOWS FROM INVESTING 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 1,786 3,704 1,638 3,503 from disposal of equipment 336 2,234 - 1,159 Cash paid for purchase of property, plant and equipment (Increase4,331) decrease (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 deposits at short-term loans from banks used as collateral 27,379 746 35,627 746 (Increase) decrease in 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 - - (20,752) 121,886 Investment in subsidiaries increaseed the capital - - (9,000) - Purchase of investment properties (46331,000) (765133,600) (46) (765) Purchase Notes to interim financial statements form an integral part 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 these statements. Consolidated financial 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 statements Separate 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 statements 2020 2019 2020 2019 Repayment of debentures - (1,606,30030,000) - (1,606,300150,000) Transaction cost from issue of debenture - (13,99830,000) - (13,998150,000) Repayment of finance Interest expenses (5,777) (9,801) (8,175) (7,456) Decrease in lease liabilities (13,5733,189) (24,1021,033) (12,7711,361) (21,272) - Net cash flows provided by (used in) financing activities (218,51215,179) (694,13524,710) (684,53589,749) 86,872 Increase (888,604decrease) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 in translation adjustment (2,891) 353 - - Net increase (decrease) in cash and cash equivalents (166,4187,260) 240,093 (17,5866,597) (135,078) 15,222 31,225 Cash and cash equivalents as at January 1, 291,717 321,473 214,665 195,508 the beginning of the period 182,190 82,256 94,272 7,181 Cash and cash equivalents as at September 30, 125,299 303,887 79,587 210,730 the end of the period 174,930 322,349 87,675 38,406 Supplemental cash flows information Non-cash transactions Acquisition items consist of equipments under finance leases 15,833 2,864 12,281 2,864 Acquisition Increase (decrease) in purchase of fixed assets and intangible under finance leases assets that have yet to be paid (2,533) 6,514 (2,123) 6,514 Accrued payables the investment in subsidiaries - 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 125 - Lease liabilities 25,814 - 12,275 - Notes to interim financial statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these 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 No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 1413, 2018 2019 In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September As at December Notes 30, 2018 2019 31, 2017 2018 30, 2018 2019 31, 2017 2018 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 56,506 85,918 33,843 60,966 Current investment 80 84 83 80 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 17 316,462 291,600 316,462 291,600 275,200 280,900 275,200 280,900 Short-term loans to related parties 4 - - 1,347,556 1,303,804 1,229,163 1,148,330 Other current assets 188,020 90,206 172,485 75,032 23,034 5,987 15,812 1,849 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 12,421,699 12,100,119 11,331,746 11,072,000 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 268,272 194,844 262,084 188,667 Investments in subsidiaries 8 - - 313,000 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 478,630 451,650 433,630 412,040 Property, plant and equipment 266,995 274,242 230,569 260,498 316,835 341,762 274,893 308,363 Prepaid rental expenses 129,927 136,320 129,927 136,320 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 Intangible assets 19,910 21,074 17,512 20,422 15,383 18,675 13,495 16,406 Deferred tax assets 46,477 37,245 5,953 10,777 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 47,737 55,565 36,620 47,482 31,887 50,039 22,837 39,892 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 2,468,542 2,197,186 2,613,247 2,372,781 TOTAL ASSETS 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 14,890,241 14,297,305 13,944,993 13,444,781 Notes 30, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from to interim 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 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 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 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 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 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 statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these 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 1413, 2018 2023 “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Separate Financial Statements Separate Financial Statements As at September As at December As at September As at December Notes Note 30, 2018 2023 31, 2017 2022 30, 2018 2023 31, 2017 2022 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 56,222 101,758 52,480 89,159 Trade and other current receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 5,6 22,743 15,413 21,475 16,910 Short-term loans to related parties 4 5 - - 1,347,556 1,303,804 62,103 60,806 Inventories 7 133,304 157,112 123,291 147,255 Property development costs 8 3,489,006 2,865,689 3,508,530 2,880,480 Land held for development 9 729,022 622,773 729,022 622,773 Deposits for land - 17,360 - 17,360 Other current financial assets 836 831 591 587 Other current assets 188,020 90,206 172,485 75,032 981 1,000 000 000 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 4,432,114 3,782,009 4,498,280 3,836,031 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments Other non-current financial assets 10 37,965 32,437 37,965 32,437 Investment in subsidiaries 8 11 - - 311,000 302,000 86,864 86,864 Investment properties 9 454,229 454,183 416,629 416,583 property 12 154,573 160,336 200,050 207,481 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 13 178,830 159,552 84,747 59,086 Right-of-use assets 14 14,456 12,891 12,337 11,734 Intangible assets 19,910 21,074 17,512 20,422 15 2,769 3,261 2,320 2,747 Land held for development 9 873,463 941,284 800,882 868,703 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 16 3,931 7,272 - 3,909 Other non-current assets 47,737 55,565 36,620 47,482 5 14,906 10,139 5,727 4,087 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 1,280,893 1,327,172 1,230,892 1,277,048 TOTAL ASSETS 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 5,713,007 5,109,181 5,729,172 5,113,079 Notes 30, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from to interim 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 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 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 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 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 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 statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these statements. “UNAUDITED” “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 14August 8, 2018 2019 In Thousand Baht Consolidated Separate Financial Statements Financial Statements financial statements financial statements Notes As at September June 30, 2019 As at December 31, 2018 As at September June 30, 2019 As at December Notes 3031, 2018 31, 2017 30, 2018 31, 2017 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 5 339,653 892,369 174,318 719,866 Temporary Investment 6 20,809 - 20,809 - Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 Short-term loans to related parties 4 - - 1,347,556 1,303,804 Other current assets 188,020 90,206 172,485 75,032 4, 7 853,093 418,473 916,486 552,139 Inventories 8 1,327,868 1,114,413 1,291,241 1,032,508 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 2,541,423 2,425,255 2,402,854 2,304,513 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Loan to related party 4 - - 434,047 289,215 Loan to employee 9 81,852 69,452 81,852 69,452 Investments in associates 10 - - - - Investments in subsidiaries 8 11 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 268,448 275,464 Property, plant and equipment 266,995 274,242 230,569 260,498 12 1,336,316 1,357,272 792,224 817,232 Goodwill 11.1 21,004 21,553 - - Prepaid rental expenses 129,927 136,320 129,927 136,320 expense (Land leasehold) 13 142,126 145,431 - - Intangible assets 19,910 21,074 17,512 20,422 9,372 6,387 4,850 3,951 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 14 7,267 7,889 7,267 7,889 Other non-current assets 47,737 55,565 36,620 47,482 564 578 8 8 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 1,598,501 1,608,562 1,588,696 1,463,211 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 4,139,924 4,033,817 3,991,550 3,767,724 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate Financial Statements Financial Statements financial statements financial statements Notes As at September June 30, 2019 As at December 31, 2018 As at September June 30, 2019 As at December Notes 3031, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from financial institutions 10 298,522 347,017 289,006 347,017 Short-term loan 15 36,201 160,846 - - 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 4, 16 1,097,646 713,491 1,020,990 621,261 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 agreements 968 1,038 270 - Income tax payable 9,608 13,533 4,512 11,415 Other current liabilities 74,681 62,001 31,764 21,552 35 150 - 97 Total current liabilities 5,660,182 2,919,384 5,611,868 3,196,837 1,134,850 875,525 1,021,260 621,358 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 Financial lease agreements 1,059 177 1,059 - Deferred tax liabilities 14 44,777 46,308 - - 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 17 23,071 18,860 23,071 18,860 Provision for litigation 12 87,298 warranty 18 76,982 122,679 76,073 121,745 Provision for other liabilities - 66,622 830 - 87,298 - 66,622 - Other non-current liabilities 110,562 130,040 82,669 99,170 830 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 145,889 188,854 100,203 141,435 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion 1,280,739 1,064,379 1,121,463 762,793 Notes to interim financial statements form an integral part of long-term loans these statements. In Thousand Baht Consolidated Separate Financial Statements Financial Statements financial statements financial statements Notes As at September June 30, 2019 As at December 31, 2018 As at September June 30, 2019 As at December Notes 3031, 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 980,000 980,000 980,000 980,000 500 million ordinary shares of Baht 1 each 500,000 500,000 500,000 500,000 500 million ordinary shares of Baht 1 each, fully paid 500,000 500,000 500,000 500,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 140,000 140,000 140,000 140,000 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 80,874 80,874 80,874 80,874 50,000 50,000 50,000 50,000 Treasury share reserve 295,812 295,812 295,812 295,812 Unappropriated 1,658,049 1,610,388 1,312,274 1,201,102 3,091,417 3,141,151 3,166,111 3,218,000 OTHER COMPONENTS OF SHAREHOLDERS' EQUITY (816,659) (748,510) (832,414) (749,459) Less Treasury shares (295,812) (295,812) (295,812) (295,812) NON-CONTROLLING INTERESTS 63,287 55,657 - - TOTAL SHAREHOLDERS' EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 2,859,185 2,969,438 2,870,087 3,004,931 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 4,139,924 4,033,817 3,991,550 3,767,724 DIFFERENCE FROM CHANGE IN SHAREHOLDING Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate Financial Statements Financial Statements financial statements financial statements Notes 2019 2018 2017 2019 2018 2017 INCOME 4 REVENUES Revenue from sale sales and rendering of real estate 1,018,352 1,390,665 816,675 1,177,177 Interest income 338 421 18,758 18,592 services 925,115 939,990 852,144 903,796 Other income 23,392 13,309 27,720 10,118 incomes 14,403 7,414 14,945 6,263 Gain on exchange rate 3,322 - 4,734 - Total income 1,042,082 1,404,395 863,153 1,205,887 revenues 942,840 947,404 871,823 910,059 EXPENSES 4 Cost of sale sales of real estate 636,372 951,939 497,081 810,185 goods and rendering of services 4 679,939 635,041 626,548 617,291 Selling expenses 145,501 142,834 120,436 120,692 Special Business Tax and transferred fee 38,959 54,436 31,280 46,305 71,425 127,403 71,426 127,403 Administrative expenses 135,913 135,115 103,969 107,482 58,439 100,770 47,447 74,459 Net loss on exchange rate - 1,385 - 179 Management benefit expenses 10,060 7,648 6,177 5,630 Finance costs 56,529 59,837 55,101 60,374 2,242 2,821 1,669 1,174 Total expenses 1,013,274 1,344,161 807,867 1,145,038 822,105 875,068 753,267 826,136 Profit (loss) before income tax expense 28,808 60,234 55,286 60,849 revenue (expense) 120,735 72,336 118,556 83,923 Income tax expense 11,821 14,810 13,695 12,970 revenue (expense) (927) (3,959) (1,669) (5,852) PROFIT (LOSS) FOR THE PERIOD 16,987 45,424 41,591 47,879 Other 119,808 68,377 116,887 78,071 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 Transactions that maybe reclassified after entering into profit or loss statement Exchange rate difference from conversion of financial statement (15,639) 54,554 (23,148) 55,669 or loss statement Actuarial gains for employee benefit plan 17 1,542 - 1,542 - Income tax relating to other comprehensive income (308) - (308) - OTHER COMPREHENSIVE INCOME FOR THE PERIOD (14,405) 54,554 (21,914) 55,669 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 105,403 122,931 94,973 133,740 PROFIT (LOSS) ATTRIBUTABLE TO : Owners of the Company 118,422 67,114 116,887 78,071 Non-controlling interests 1,386 1,263 - - 119,808 68,377 116,887 78,071 TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO : Owners of the Company 104,017 121,668 94,973 133,740 Non-controlling interests 1,386 1,263 - - 105,403 122,931 94,973 133,740 BASIC EARNINGS (LOSS) PER SHARE 20 0.25 0.15 0.25 0.17 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 REVENUES Revenue from sales and rendering of services 1,359,209 1,631,546 1,267,022 1,552,094 Other incomes 20,237 25,537 21,477 23,593 Gain on exchange rate 19,199 - 17,637 - Total revenues 1,398,645 1,657,083 1,306,136 1,575,687 EXPENSES Cost of sales of goods and rendering of services 4 976,828 974,204 934,663 938,456 Selling expenses 93,981 209,363 93,981 209,363 Administrative expenses 111,817 184,008 76,423 125,320 Net loss on exchange rate - 3,892 - 2,197 Management benefit expenses 17,756 15,839 12,783 12,189 Finance costs 4,255 5,433 2,567 2,257 Total expenses 1,204,637 1,392,739 1,120,417 1,289,782 Profit before income tax revenue (expense) 194,008 264,344 185,719 285,905 Income tax revenue (expense) 19 1,141 (24,021) (355) (25,901) PROFIT (LOSS) FOR THE PERIOD 195,149 240,323 185,364 260,004 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 Transactions that maybe reclassified after entering into profit or loss statement Exchange rate difference from conversion of financial statement (68,149) 87,076 (82,955) 93,814 or loss statement Actuarial gains for employee benefit plan 17 1,542 - 1,542 - Income tax relating to other comprehensive income (308) - (308) - OTHER COMPREHENSIVE INCOME FOR THE PERIOD (66,915) 87,076 (81,721) 93,814 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 128,234 327,399 103,643 353,818 PROFIT (LOSS) ATTRIBUTABLE TO : Owners of the Company 187,519 242,617 185,364 260,004 Non-controlling interests 7,630 (2,294) - - 195,149 240,323 185,364 260,004 TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO : Owners of the Company 120,604 329,693 103,643 353,818 Non-controlling interests 7,630 (2,294) - - 128,234 327,399 103,643 353,818 BASIC EARNINGS (LOSS) PER SHARE 20 0.39 0.54 0.39 0.58 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" In Thousand Baht Consolidated financial statements Issued and Premium Premium Difference from Retained Earnings Other Components of Shareholders' Equity Total Equity Non- Total Paid-up on Ordinary (discount) change in Appropriated Unappropriated Exchange Differences Total Attributable to controlling Shareholders' Share Capital Shares on tresury shareholding Legal Reserve Treasury shares on Translating Other Owners Treasury shares Interests Equity Note shares proportion in subsidiary reserve Financial Statements Components of Shareholders' Equity of the Company For the six-month period ended June 30, 2019 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 Dividended paid 21 - - - - - - (238,487) - - (238,487) - - (238,487) Profit (loss) 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 Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 Non-controlling interests - - 187,519 - - 187,519 - 7,630 195,149 Other comprehensive income (loss) - - - - 16,987 45,424 41,591 47,879 - - 1,234 (68,149) (68,149) (66,915) - - (66,915) 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 Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 Non-controlling interests - - 188,753 (68,149) (68,149) 120,604 - - 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 7,630 128,234 Balance as at June 30, 2019 500,000 140,000 (loss153,610) for the period (Baht per share15,250) 15 0.09 0.09 0.15 0.09 Consolidated Financial Statements Retained Earnings Total Note Paid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity 50,000 295,812 3,091,417 (816,659) (816,659) 3,091,710 (295,812) 63,287 2,859,185 For the ninesix-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 June 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 13 500,000 140,000 - - 50,000 643,070 2,556,945 (693,110) (693,110) 3,196,905 (643,070) 41,626 2,595,461 Dividened paid - - - - - - (39,198179,984) 86,859 (39,198) 86,859 Total comprehensive income for the period - - (179,984) - 86,859 86,859 Balance as at September 30, 2018 980,000 669,210 80,874 1,658,049 3,388,133 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 - (179,984) Profit (loss) for the period - - - - - - 242,617 - - 242,617 - (48,9972,294) 85,078 240,323 Other comprehensive income (48,997loss) 85,078 - - - - - - - 87,076 87,076 87,076 - - 87,076 Total comprehensive income (loss) for the period - - - 85,078 85,078 - - - 242,617 87,076 87,076 329,693 - (2,294) 327,399 Balance as at September June 30, 2017 980,000 669,210 71,904 1,126,989 2,848,103 2018 500,000 140,000 - - 50,000 643,070 2,619,578 (606,034) (606,034) 3,346,614 (643,070) 39,332 2,742,876 Comprehensive income (loss) for the period Comprehensive income (loss) for the period Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" In Thousand Baht Separate financial statements Issued and Premium Premium Retained Earnings Other Components of Shareholders' Equity Total Paid-up on Ordinary (discount) Appropriated Unappropriated Exchange Differences Total Shareholders' Share Capital Shares on tresury Legal Reserve Treasury share on Translating Other Treasury share Equity shares reserve Financial Statements Components of Note Shareholders' Equity For the ninesix-month period ended September June 30, 2018 2019 500,000 140,000 (153,610) 50,000 295,812 3,218,000 (749,459) (749,459) (295,812) 3,004,931 21 - - - - - (238,487) - - - (238,487) - - - - - 185,364 - - - 185,364 - - - - - 1,234 (82,955) (82,955) - (81,721) - - - - - 186,598 (82,955) (82,955) - 103,643 Dividended 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 June 30, 2019 500,000 140,000 (153,610) 50,000 295,812 3,166,111 (832,414) (832,414) (295,812) 2,870,087 Balance as at January 1, 2018 980,000 669,210 80,874 1,201,102 2,931,186 500,000 140,000 - 50,000 643,070 2,599,605 (727,614) (727,614) (643,070) 2,561,991 Dividend Comprehensive income for the period Profit for the period 13 - paid - - - - - (39,198179,984) 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 (179,984) Profit (loss) for the period 86,859 90,351 150,370 85,078 Adjustments to reconcile profit - - - - - 260,004 - - - 260,004 Other comprehensive income (loss) - - - - - - 93,814 93,814 - 93,814 Total comprehensive income (loss) for the period to net cash provided by - - - - - 260,004 93,814 93,814 - 353,818 Balance as at June 30, 2018 500,000 140,000 - 50,000 643,070 2,679,625 (used in) from operating activities Doubtful debt (Reverse633,800) (263633,800) 2,193 (65643,070) 2,076 2,735,825 For the six-month period ended June 30, 2018 Comprehensive income (loss) for the period Notes to interim financial statements form an integral part of these statements. Consolidated Separate financial statements financial statements 2019 2018 2019 2018 Profit before income tax 194,008 264,344 185,719 285,905 Adjustments for Depreciation and amortization 66,629 92,665 46,306 70,632 (Gain) loss from valuation of temporary investment (809) - (809) - Allowance for decline in value of real estate projects under development inventories (Reversereversal) (9,82322,576) - (11,23122,576) - (3,304) (11,231) Depreciation and amortization 48,861 47,919 46,438 43,977 Loss (gainGain) on disposal of property, plant and equipment (2663,116) (2,6026,750) (333,796) (6207,373) Loss of written off intangible asset - 1,170 - 1,170 Amortisation of premium Unrealized (gain) loss on debentures 6,376 5,982 6,376 5,982 Unrealised gain on current investment exchange rate 24,409 18,257 30,453 20,665 Expenses for warranty (1reversal) (145,672) 55,665 (45,672) 55,665 Expenses for employee benefit obligations 5,486 1,060 5,486 1,060 Provision from lawsuit (reversal) (1) (1) Loss of written off other current asset - 1,050 - 1,050 Gain from written off construction retentions (8,215) (4,463830) - (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 (Reverse830) - (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 (1,7864,857) (3,704603) (57,2364,405) (61,823421) Finance costs 3,949 5,254 2,639 2,078 Profit (loss) from operations before changes in operating assets and liabilities 337,518 348,390 360,024 278,642 216,621 429,892 192,515 428,211 Changes in operating assets and liabilities Trade and other receivables (increase) decrease Trade and other receivables 30,545 (19,718407,831) 23,555 306,767 (12,973337,923) Real estate projects under development 316,815 Loan to related party (248,547increase) 405,135 209,530 492,788 Deposits for land decrease - - (183,042144,832) - Inventories (increase) decrease (217,938) (37,210213,502) (206,042263,133) (37,210276,440) Other current assets Loan to employee (94,539increase) decrease (12,400) (27,18272,664) (97,41212,400) (21,89972,664) Other nonOther-non current assets 7,828 asset (2,867increase) 10,862 (4,231) decrease 14 168 - 168 Trade and other payables increase (34,354decrease) 44,368 1,041 69,474 Construction retentions 381,103 41,117 394,060 164,328 Xxxx received from operations (12,09640,431) 491,778 (20,012171,713) 560,418 Employee benefit obligations paid - (14,664337) - (9,722337) 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 (55,0236,848) (69,73581,237) (46,4786,794) (29,62681,185) Net cash provided by (used in) operating activities 55,462 692,917 549,427 797,460 ASH FLOWS FROM INVESTING ACTIVITIES (47,279) 410,204 (178,507) 478,896 Notes to interim financial statements form an integral part of these statements. Consolidated Separate financial statements financial statements 2019 2018 2019 2018 Interest received 1,786 3,704 1,638 3,503 1,745 770 1,462 583 Cash paid for purchase of property, plant and equipment (74,011) (30,567) (36,767) (20,818) Cash paid for purchase of intangible assets (3,617) (58) (1,096) (58) Proceeds from sales of property, plant and equipment 3,829 19,513 3,811 19,513 (Increase) decrease in deposits at banks used as collateral 27,379 746 35,627 746 temporary investments (Increase20,000) decrease in short-term loans from related parties - - 20,000 (20,75220,000) 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) 20,000 Net cash provided by (used in) investing activities (3,36892,054) 9,658 (52,590) 19,220 Interest paid (4,216) (16,3685,254) 30 106,366 ASH FLOWS FROM FINANCING ACTIVITIES Finance costs (2,372) (2,078) Dividend paid (400,734238,488) (441,309179,984) (373,568238,488) (439,970) Dividend (39,198) (48,997) (39,198) (48,997) Increase (decrease) in bank overdrafts and short-term loans from financial institutions (48,495) (1,157,903) (58,011) (1,148,844179,984) Increase (decrease) in short-term loans loan from related parties financial institution (124,645) 19,038 - - 152,060 Cash payment for financial leases agreements (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 (1,514,427628) (1,493,4903,228) (1,377,291) (1,378,710) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures - (1,606,300112) - (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 (218,512367,977) (694,135169,428) (684,535240,972) (888,604182,062) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Increase (decrease) exchange rate differences on translating financial statements (45,406) 109,647 (73,479) (3,560) Net increase (decrease) in cash and cash equivalents (166,418552,716) 360,081 (17,586545,548) (135,078) 15,222 312,494 Xxxx and cash equivalents at beginning of period 892,369 585,613 719,866 490,453 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 end of period 339,653 945,694 174,318 802,947 Non-cash transactions Acquisition transaction Purchase of equipments under finance leases 15,833 2,864 12,281 2,864 Acquisition of intangible under finance leases fixed asset with financial lease 1,445 - 649 1,445 - 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 Notes to interim financial statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these 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 14May 13, 2018 2019 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 31, 2017 302019 31, 2018 31, 2017 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - - 1,347,556 1,303,804 - - 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 188,020 90,206 172,485 75,032 4 7,037 11,816 6,942 11,861 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 3,809,525 3,905,545 3,733,347 3,829,346 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 201,650 229,029 193,402 229,029 Investments 8 9,979 9,242 9,979 9,242 Investment in subsidiaries 8 9 - - 311,000 302,000 71,864 71,864 Investment properties 9 454,229 454,183 416,629 416,583 property 10 189,594 194,086 189,594 194,086 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 11 104,702 106,705 104,697 106,698 Intangible assets 19,910 21,074 17,512 20,422 12 4,583 4,764 4,583 4,764 Witholding tax 11,106 11,178 10,989 10,989 Deferred tax assets 46,477 37,245 5,953 10,777 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 47,737 55,565 36,620 47,482 3,505 4,012 3,305 4,012 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 339,752 344,082 409,573 414,029 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 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 Separate Financial Statements Separate Financial Statements As at September March As at December As at September March As at December Notes 30Note 31, 2019 31, 2018 31, 2017 302019 31, 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 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 Separate Financial Statements Separate Financial Statements As at September March As at December As at September March As at December Notes 3031, 2019 31, 2018 31, 2017 302019 31, 2018 31, 2017 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised Share capital Authorized share capital 1,200,000 1,200,000 1,200,000 1,200,000 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 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS 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 - legal reserve 80,874 80,874 80,874 80,874 74,150 74,150 74,150 74,150 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 721,498 688,675 723,962 691,358 Other components 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 equity - - - - 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 Shareholders' Total equity of the parent company 16,987 45,424 41,591 47,879 attributable to company's shareholders 2,618,462 2,585,639 2,620,926 2,588,322 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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 16,987 45,424 41,591 47,879 32,823 6,728 32,604 7,802 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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 Non-controlling Total Share capital Premium on Retained earnings Other Total interests 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 (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 Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 Non-controlling interests 32,823 - - - - 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 32,823 - - - 32,823 - 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 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 32,823 - 32,823 - 32,823 Ending balance as at September 30March 31, 2017 980,000 669,210 71,904 1,634,706 3,355,820 For the nine-month period ended September 30, 2018 Balance 2019 1,245,284 577,530 74,150 721,498 - 2,618,462 - 2,618,462 Beginning balance as at January 1, 2018 980,000 669,210 80,874 1,610,388 3,340,472 Dividend 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 Profit for the period 13 - - - - - - (39,198) 86,859 (39,198) 86,859 Total comprehensive income for the period - - - 86,859 86,859 Balance - - 6,728 - 6,728 - - - 6,728 - 6,728 - - - 6,728 - 6,728 Ending balance as at September 30March 31, 2018 980,000 669,210 80,874 1,658,049 3,388,133 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. 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 Paidpaid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance legal reserve of equity Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,090,908 2,812,022 Dividend 2019 1,245,284 Comprehensive income Profit for the period Profit - Other comprehensive income for the period - - - - - - (48,997) 85,078 (48,997) 85,078 Total comprehensive income for the period - - - 85,078 85,078 Balance 32,604 32,604 Ending balance as at September 30March 31, 2017 980,000 669,210 71,904 1,126,989 2,848,103 For the nine-month period ended September 30, 2018 Balance 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 980,000 669,210 80,874 1,201,102 2,931,186 Dividend 1,245,284 Comprehensive income Profit for the period - Other 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 7,802 7,802 Ending balance as at September 30March 31, 2018 980,000 669,210 80,874 1,312,274 3,042,358 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 Financial Statements 2019 2018 2017 2019 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 32,823 6,728 32,604 7,802 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 5,344 6,019 5,342 6,002 Unrealized gain on current investment from trading securities (1) (1) (1) (1) Loss Doubtful account 980 - 980 - (Gain) loss from sale and amortization of written off other current asset fixed assets - 1,050 - 1,050 Gain from written off construction retentions (8,215) (4,46330) - (1,24430) Employee benefit obligations 4,667 1,569 2,191 376 Homecare warranty (Gain) loss from sale and amortization of investment property 2,962 - 2,962 - Provision for compensation for housing estate juristic persom persons 587 521 587 521 Employee benefit expenses 4,256 - 3,001 - Provision for litigation 1,109 841 1,055 806 Interest income (Reverse25) - (11,500783) - (11,50024) (782) Finance cost 168,262 192,142 167,929 195,033 11,278 19,952 11,218 19,945 Tax expenses (income) 7,228 2,552 7,228 2,552 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 operating activities before changes in operating assets and liabilities 337,518 348,390 360,024 278,642 Changes 62,285 35,799 61,951 36,815 Decrease (increase) in operating assets and liabilities Trade account receivable (increase45) decrease Trade and other receivables 30,545 - - - 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 (19,71826,714) 23,555 5,649 (12,973) Real estate projects under development (248,547) 405,135 209,530 492,788 Deposits for land (183,042) (37,210) (206,042) (37,21026,714) Other current assets (94,539) (27,182) (97,412) (21,899) 3,737 1,029 3,876 472 Other non-current assets 7,828 507 58 707 58 Notes to interim financial statements form an integral part of these statements. In Thousand Baht 2019 2018 2019 2018 Increase (2,867decrease) 10,862 in operating liabilities Trade notes payable (4,2312,148) (4,675) (2,148) (4,675) Trade accounts payable and other payables payable 16,677 92 16,683 77 Payable to related parties (34,354) 44,368 1,041 69,474 Construction retentions (12,0961,806) (20,0121,029) (14,6643,423) (9,722986) 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 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 11,020 1,775 9,033 424 Utilities guarantee 7,291 (2247) 7,316 (3,483) (224) (3,48318) Other non-current liabilities 541 - 541 - Cash receivable (22,074paid) 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) (6,7904,032) (18,3234,062) (3,904) Cash from operating activities 110,485 762,652 595,905 827,086 Income tax paid (55,023) (69,735) (46,478) (29,6264,013) Net cash provided by (used in) operating activities 55,462 692,917 549,427 797,460 206,568 130,739 205,764 131,075 ASH FLOWS FROM INVESTING ACTIVITIES Interest Cash received 1,786 3,704 1,638 3,503 from short-term loan to related parties - - - 900 Increase in temporary investment (Increase1) decrease in deposits at banks used as collateral 27,379 746 35,627 746 - (Increase1) decrease - Increase in short-term loans from related parties - investments (737) - (20,752737) 121,886 Investment in subsidiaries increaseed the capital - 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) - (9,000973) - 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 Cash paid for purchase of intangible assets - (2,71021) - (1,77921) (841) (1,495) Net cash provided by (used in) investing activities (3,368) (16,368) 30 106,366 ASH Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Finance costs In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 loans from the financial institutions (56,807) 55,202 (56,807) 55,202 Cash paid for liabilities under finance lease agreement (400,7341) (441,309209) (373,5681) (439,970209) Dividend (39,198) (48,997) (39,198) (48,997) Increase (decrease) in bank overdrafts and Cash paid for short-term loans loan from financial institutions other company (48,49512,508) (1,157,90340,000) (58,01112,508) (1,148,84440,000) Increase (decrease) in Xxxx received from short-term loans from loan a related parties party (1,000) - - 152,060 - Xxxx received from short-term loan from the directors - 1,500 - 1,500 Cash paid for short-term loan from the directors - (112,9901,000) Proceed - (1,000) Xxxx received from long-term loans from financial institutions 1,797,915 1,937,464 1,024,244 1,727,977 Repayment of 35,705 109,960 35,705 109,960 Cash paid for long-term loans from financial institutions (1,514,427105,758) (1,493,490188,478) (1,377,291105,758) (1,378,710188,478) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures - Interest paid (1,606,300) - (1,606,300) Transaction cost from issue of debenture - (13,998) - (13,998) Repayment of finance lease liabilities (13,57321,210) (24,10228,039) (12,77121,200) (21,27228,039) Net cash provided by (used in) financing activities (218,512161,579) (694,13591,064) (684,535160,569) (888,60491,064) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase (decrease) in cash and cash equivalents (166,41842,620 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) (17,586) (135,078) 15,222 Cash and cash equivalents as consisted of : Cash on hand 597 837 597 837 Cash 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967bank 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 147, 2018 2019 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, 2018 31, 2017 30, Notes 2019 2018 31, 2017 2019 2018 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 5 329,397 892,369 163,694 719,866 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 4, 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 Short-term loans to related parties 4 - - 1,347,556 1,303,804 Other current assets 188,020 90,206 172,485 75,032 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 12,855,604 12,242,141 12,037,858 11,775,679 3,013,001 2,425,255 2,816,476 2,304,513 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 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 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 266,307 275,464 Property, plant and equipment 266,995 274,242 230,569 260,498 11 1,315,216 1,357,272 785,575 817,232 Goodwill 10.1 20,837 21,553 - - Prepaid rental expenses 129,927 136,320 129,927 136,320 expense (Land leasehold) 12 140,117 145,431 - - Intangible assets 19,910 21,074 17,512 20,422 10,012 6,387 5,597 3,951 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 13 4,687 7,889 4,687 7,889 Other non-current assets 47,737 55,565 36,620 47,482 559 578 8 8 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 1,573,513 1,608,562 1,587,427 1,463,211 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 4,586,514 4,033,817 4,403,903 3,767,724 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate Financial Statements Financial Statements financial statements financial statements CURRENT LIABILITIES As at As at As at As at September As at December As at September As at December Notes 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 CURRENT LIABILITIES Notes 2019 2018 2019 2018 Short-term loan from financial institutions 10 298,522 347,017 289,006 347,017 institution 14 23,953 160,846 - - 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 4, 15 1,386,866 713,491 1,270,634 621,261 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 agreements 1,042 1,038 562 - Income tax payable 9,608 13,533 4,512 11,415 Other current liabilities 74,681 62,001 31,764 21,552 2,591 150 2,534 97 Total current liabilities 5,660,182 2,919,384 5,611,868 3,196,837 1,414,452 875,525 1,273,730 621,358 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 Financial lease agreements 2,357 177 2,113 - Deferred tax liabilities 13 44,049 46,308 - - 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 16 23,387 18,860 23,387 18,860 Provision for litigation 12 87,298 warranty 17 74,318 122,679 73,414 121,745 Provision for other liabilities - 66,622 830 - 87,298 - 66,622 - Other non-current liabilities 110,562 130,040 82,669 99,170 830 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 144,111 188,854 98,914 141,435 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion 1,558,563 1,064,379 1,372,644 762,793 Notes to interim financial statements form an integral part of long-term loans these statements. 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, 2018 31, 2017 30, Notes 2019 2018 31, 2017 2019 2018 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised share capital 1,200,000 1,200,000 1,200,000 1,200,000 500 million ordinary shares of Baht 1 each 500,000 500,000 500,000 500,000 Issued and paid-up share capital 980,000 980,000 980,000 980,000 500 million ordinary shares of Baht 1 each, fully paid 500,000 500,000 500,000 500,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 140,000 140,000 140,000 140,000 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 80,874 80,874 80,874 80,874 50,000 50,000 50,000 50,000 Treasury share reserve 295,812 295,812 295,812 295,812 Unappropriated 1,658,049 1,610,388 1,312,274 1,201,102 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 3,388,133 3,340,472 3,042,358 2,931,186 3,027,951 2,969,438 3,031,259 3,004,931 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 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. In Thousand Baht Consolidated Separate Financial Statements Financial Statements financial statements financial statements Notes 2019 2018 2017 2019 2018 2017 INCOME 4 REVENUES Revenue from sale sales and rendering of real estate 1,018,352 1,390,665 816,675 1,177,177 Interest income 338 421 18,758 18,592 services 951,425 1,018,399 924,929 947,549 Other income 23,392 13,309 27,720 10,118 incomes 16,510 4,203 17,761 3,204 Total income 1,042,082 1,404,395 863,153 1,205,887 revenues 967,935 1,022,602 942,690 950,753 EXPENSES 4 Cost of sale sales of real estate 636,372 951,939 497,081 810,185 goods and rendering of services 4 584,999 798,799 582,691 759,122 Selling expenses 145,501 142,834 120,436 120,692 Special Business Tax and transferred fee 38,959 54,436 31,280 46,305 102,557 98,548 102,557 98,001 Administrative expenses 135,913 135,115 103,969 107,482 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 56,529 59,837 55,101 60,374 740 2,300 354 494 Total expenses 1,013,274 1,344,161 807,867 1,145,038 762,481 983,580 740,507 921,628 Profit (loss) before income tax expense 28,808 60,234 55,286 60,849 revenue (expense) 205,454 39,022 202,183 29,125 Income tax expense 11,821 14,810 13,695 12,970 revenue (expense) (4,384) 12,789 (5,094) 11,946 PROFIT (LOSS) FOR THE PERIOD 16,987 45,424 41,591 47,879 201,070 51,811 197,089 41,071 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 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. 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 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. 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 - - - - 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 Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 Non-controlling interests - - 388,335 - - 388,335 - 7,884 396,219 Other comprehensive income (loss) - - - - 16,987 45,424 41,591 47,879 - - 1,234 (100,453) (100,453) (99,219) - - (99,219) Total comprehensive income attributable to Shareholders' equity of (loss) for the parent company 16,987 45,424 41,591 47,879 Non-controlling interests period - - - - 16,987 45,424 41,591 47,879 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY - - 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 (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 - - - - - - 290,149 - - 290,149 - 1,985 292,134 Other comprehensive 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 - - - - - - - (LOSS36,853) FOR THE PERIOD 86,859 90,351 150,370 85,078 Other (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 - - - - 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 Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 Non-controlling interests (15,250) - - 290,149 (36,853) (36,853) 238,046 - - 86,859 90,351 150,370 85,078 Total comprehensive 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 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 Comprehensive income (loss) for the period Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" In Thousand Baht per shareSeparate financial statements Issued and Premium Premium (discount) 15 0.09 0.09 0.15 0.09 Consolidated Financial Statements Retained Earnings Other Components of Shareholders' Equity Total Note Paid-up on Ordinary on treasury Appropriated Unappropriated Exchange Differences Total Shareholders' Share Capital on Ordinary Shares Shares Legal Reserve Unappropriated Treasury share on Translating Other Treasury share Equity reserve Financial Statements Components of Note Shareholders' Equity For the nine-month period ended September 30, 2017 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 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, 2017 980,000 669,210 71,904 1,593,352 3,314,466 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 Comprehensive income paid - - - - - (179,984) - - - (179,984) Profit (loss) for the period - - - - - 301,075 - - - 301,075 Other comprehensive income (48,997loss) - - - - - - (38,921) (48,99738,921) Profit - (38,921) Total comprehensive income (loss) for the period - - - 90,351 90,351 Total comprehensive income for the period - - 301,075 (38,921) (38,921) - 90,351 90,351 262,154 Balance as at September 30, 2017 980,000 669,210 71,904 1,634,706 3,355,820 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 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 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 Notes 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 interim financial 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 statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these 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 14May 11, 2018 2020 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, 2018 31, 2017 30, 2018 2020 31, 2017 CURRENT ASSETS 2019 31, 2020 31, 2019 Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 43,682 27,210 38,724 19,195 Short-term investments 956 954 713 712 Trade and other current receivables 5 63,982 94,264 607,676 575,568 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 12,161,757 11,474,271 9,514,008 9,314,927 Deposits costs 9 1,835,146 1,890,016 1,835,146 1,890,016 Land held for land 17 316,462 291,600 316,462 291,600 Short-term loans to related parties 4 - - 1,347,556 1,303,804 development 10 1,652,259 1,673,191 1,578,851 1,599,783 Other current assets 188,020 90,206 172,485 75,032 1,662 1,919 1,662 1,939 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 3,717,894 3,772,454 3,638,294 3,689,844 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments Restricted deposits with financial institutions 11 14,326 13,821 14,326 13,821 Investment in subsidiaries 8 12 - - 311,000 302,000 83,115 79,364 Investment properties 9 454,229 454,183 416,629 416,583 property 13 200,423 192,201 200,423 192,201 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 14 94,261 94,147 84,647 85,650 Right-of-use assets 15 12,685 - 12,685 - Intangible assets 19,910 21,074 17,512 20,422 16 4,489 4,653 4,371 4,528 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 17 15,001 14,645 13,279 12,923 Other non-current assets 47,737 55,565 36,620 47,482 11,045 10,778 10,987 10,658 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 352,230 330,245 423,833 399,145 TOTAL ASSETS 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 4,070,124 4,102,699 4,062,127 4,088,989 Notes 30, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from to interim 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 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 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 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 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 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 statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these 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 14, 2018 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, 2018 31, 2017 3031, 2018 31, 2017 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - - 1,347,556 1,303,804 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 188,020 90,206 172,485 75,032 4 8,756 9,069 15,470 15,227 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 4,352,871 4,401,408 4,339,250 4,386,895 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 201,650 229,029 193,402 229,029 Investments 8 9,157 9,157 9,157 9,157 Investment in subsidiaries 8 9 - - 311,000 302,000 11,864 11,864 Investment properties 9 454,229 454,183 416,629 416,583 property 10 201,600 204,100 201,600 204,100 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 11 115,304 117,765 115,290 117,733 Intangible assets 19,910 21,074 17,512 20,422 12 5,507 5,752 5,507 5,752 Witholding tax 18,740 17,989 18,611 17,754 Deferred tax assets 46,477 37,245 5,953 10,777 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 47,737 55,565 36,620 47,482 4,056 4,114 4,056 4,114 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 359,904 363,813 369,904 373,688 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 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 Separate Financial Statements Separate Financial Statements As at September March As at December As at September March As at December Notes 30Note 31, 2018 31, 2017 3031, 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 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 Separate Financial Statements Separate Financial Statements As at September March As at December As at September March As at December Notes 3031, 2018 31, 2017 3031, 2018 31, 2017 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised Share capital Authorized share capital 1,200,000 1,200,000 1,200,000 1,200,000 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 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS 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 - legal reserve 80,874 80,874 80,874 80,874 69,150 69,150 69,150 69,150 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 604,102 597,374 604,995 597,193 Other components 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 equity - - - - 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 Shareholders' Total equity of the parent company 16,987 45,424 41,591 47,879 attributable to company's shareholders 2,496,066 2,489,338 2,496,959 2,489,157 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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 - - - - Total comprehensive income attributable to Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 6,728 5,315 7,802 6,591 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY Profit 20 Basic earning (loss) for the period per share (Baht per share) 15 0.02 0.05 0.04 0.05 0.005 0.004 0.006 0.005 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate Financial Statements Financial Statements Notes Non-controlling Total Share capital Premium on Retained earnings Other Total interests 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 2018 2017 INCOME 4 Revenue from sale of real estate 3,019,231 3,595,082 2,444,840 2,923,309 Interest 1,245,284 577,530 68,050 574,461 - 2,465,325 - 2,465,325 Dividend paid - - - - - - - - Stock dividend - - - - - - - - Comprehensive income 1,786 3,704 57,236 61,823 Reversal of provision Profit for litigation 12 the period - 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 - 5,315 - 5,315 - 5,315 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 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 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 5,315 - 5,315 - 5,315 Ending balance as at September 30March 31, 2017 980,000 669,210 71,904 1,634,706 3,355,820 For the nine1,245,284 577,530 68,050 579,776 - 2,470,640 - 2,470,640 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 69,150 597,193 - 2,489,157 - - 7,802 - 7,802 Note paid-month period ended September 30, 2018 Balance up legal reserve of equity Beginning balance as at January 1, 2018 980,000 669,210 80,874 1,610,388 3,340,472 Dividend 1,245,284 Comprehensive income Profit for the period - Other 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 7,802 7,802 Ending balance as at September 30March 31, 2018 980,000 669,210 80,874 1,658,049 3,388,133 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 1,245,284 577,530 69,150 604,995 2,496,959 Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,090,908 2,812,022 1,245,284 577,530 68,050 570,037 - 2,460,901 Dividend paid - - - - - - Stock dividend - - - - - - Comprehensive income Profit for the period Profit - - - 6,591 - 6,591 Other comprehensive income for the period - - - - - - (48,997) 85,078 (48,997) 85,078 Total comprehensive income for the period - - - 85,078 85,078 Balance 6,591 6,591 Ending balance as at September 30March 31, 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 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 Separate Financial Statements Separate 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 6,728 5,315 7,802 6,591 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 6,019 6,474 6,002 6,218 Unrealized gain on current investment from trading securities (1) (1) (1) (1) Loss (Gain) loss from sale and amortization of written off other current asset - 1,050 - 1,050 Gain from written off construction retentions fixed assets (8,21530) 5,875 (4,46330) - (1,244) Employee benefit obligations 4,667 1,569 2,191 376 Homecare warranty and 5,875 Provision for compensation for housing estate juristic persom persons 521 422 521 422 Employee benefit expenses 4,256 - 3,001 - Provision for litigation 841 1,001 806 960 Interest income (Reverse783) - (11,5004) - (11,500782) (829) Finance cost 168,262 192,142 167,929 195,033 19,952 16,597 19,945 16,588 Tax expenses (income) 2,552 1,713 2,552 1,713 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 operating activities before changes in operating assets and liabilities 337,518 348,390 360,024 278,642 Changes 35,799 37,392 36,815 37,537 Decrease (increase) in operating assets and liabilities (increase) decrease Trade and other receivables 30,545 (19,718) 23,555 (12,973) Real estate projects under Inventories 50,986 60,389 50,986 60,389 Property development costs 73,733 84,240 73,733 84,240 Land held for development (248,547) 405,135 209,530 492,788 Deposits for land (183,04226,714) (37,21086,921) (206,04226,714) (37,21086,921) Other current assets 1,029 (94,539966) 472 (27,182) (97,412) (21,899841) 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 58 71 58 71 Notes to interim financial statements form an integral part of these statements. 2018 2017 2018 2017 Unrecognised income on installments due 318,450 80,246 318,525 79,180 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 11,020 1,775 9,033 424 Utilities guarantee (2247) 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) (3,4833,929) (2244,013) (3,4833,894) Other non-current liabilities Xxxx paid for provision for compensation for housing estate juristic persons - (22,074342) - (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) (29,626342) Net cash provided by (used in) operating activities 55,462 692,917 549,427 797,460 130,739 103,693 131,075 102,508 ASH FLOWS FROM INVESTING ACTIVITIES Interest Cash 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 from short-term loan to related parties - - 900 2,000 Increase in short-term loans from related parties - investments - (20,75219) 121,886 Investment in subsidiaries increaseed the capital - - (9,00019) Proceeds from sales of fixed assets 80 - Purchase 80 - Cash paid for purchase of investment properties fixed assets (46843) (765415) (46843) (765415) Purchase of equipments (30,043) (20,940) (6,629) (18,192) Received from disposal of equipment 266 2,666 33 683 Purchase Cash paid for purchase of intangible assets (2,71021) (1,7791,695) (84121) (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 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) (888,6041,695) Consolidated Financial Statements 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 C Notes to interim financial statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these 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 the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 14May 15, 2018 2014 2014/618/0274 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, 2018 Note 31, 2017 30, 2018 2014 31, 2017 2013 31, 2014 31, 2013 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - - 1,347,556 1,303,804 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 188,020 90,206 172,485 75,032 30,767 33,186 28,220 30,809 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 4,179,301 4,252,573 4,119,454 4,233,039 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 201,650 229,029 193,402 229,029 Investments 8 9,014 9,012 8,785 8,785 Investment in associated company 9 - - - - Investment in subsidiaries 8 9 - - 311,000 302,000 11,864 11,864 Investment properties 9 454,229 454,183 416,629 416,583 Property 10 201,441 201,441 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 11 155,700 164,471 151,348 159,883 Intangible assets 19,910 21,074 17,512 20,422 12 4,485 4,073 4,485 4,073 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 21 11,690 10,450 11,674 10,438 Other non-current assets 47,737 55,565 36,620 47,482 9,748 6,687 6,629 4,533 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 392,078 194,693 396,226 199,576 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 4,571,379 4,447,266 4,515,680 4,432,615 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, 2018 Note 31, 2017 30, 2018 2014 31, 2017 2013 31, 2014 31, 2013 CURRENT LIABILITIES from financial institutions 10 298,522 347,017 289,006 347,017 Trade Bank overdrafts and other payables 287,152 318,248 708,076 698,768 from financial institutions 10 1,125,013 611,433 505,671 501,152 Shortshort-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 - - 234,298 82,238 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 other the financial institutions 15 428,663 429,572 428,663 429,572 Short-term loan from related 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 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 74,681 62,001 31,764 21,552 727 790 727 790 Total current liabilities 5,660,182 2,919,384 5,611,868 3,196,837 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 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 15 1,003,275 967,671 1,003,275 967,671 Employee benefit obligations 55,213 50,546 23,272 21,081 Long-term lease agreement obligation 16 29,838 28,860 29,092 28,166 Provision for litigation 12 87,298 - 66,622 - 87,298 - 66,622 - Other non-current 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 110,562 130,040 82,669 99,170 21 9,074 8,794 9,002 8,722 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 1,143,176 1,105,906 1,142,358 1,105,140 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 2,268,432 2,150,536 2,231,183 2,153,695 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, 2018 Note 31, 2017 30, 2018 2014 31, 2017 2013 31, 2014 31, 2013 SHAREHOLDERS' ’ EQUITY SHARE CAPITAL Authorised 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 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS 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 - legal reserve 80,874 80,874 80,874 80,874 18 54,350 54,350 54,350 54,350 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 10,118 485,082 478,865 466,632 461,055 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 Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 attributable to company's shareholders 2,302,947 2,296,730 2,284,497 2,278,920 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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 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 16,987 45,424 41,591 47,879 6,217 15,277 5,577 15,856 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 6,217 15,277 5,577 15,856 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY Profit (loss) for the period (20 “UNAUDITED” “REVIEWED” In Thousand 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 Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 Non-controlling Controlling Total Share capital issued and Premium on share capital Retained earnings Appropriated Unappropriated Other components Total 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 Retained Earnings Total Note Paidpaid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 legal reserve (Restated) of equity Balance as at January 1, 2017 980,000 669,210 71,904 1,593,352 3,314,466 Dividend Comprehensive income for the period 2014 1,185,985 577,530 54,350 478,865 - 2,296,730 - - (48,997) (48,997) Profit for the period - - - 90,351 90,351 2,296,730 Total comprehensive income for the period 2014 - - - 90,351 90,351 6,217 - 6,217 - 6,217 Balance as at September 30March 31, 2017 980,000 669,210 71,904 1,634,706 3,355,820 For the nine-month period ended September 30, 2018 2014 1,185,985 577,530 54,350 485,082 - 2,302,947 - 2,302,947 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 2013 1,185,985 577,530 48,850 420,596 - 2,232,961 - - - - - (39,198) 86,859 (39,198) 86,859 2,232,961 Total comprehensive income for the period 2013 - - - 86,859 86,859 15,277 - 15,277 - 15,277 Balance as at September 30March 31, 2018 980,000 669,210 80,874 1,658,049 3,388,133 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 2013 1,185,985 577,530 48,850 435,873 - 2,248,238 - - - - - (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 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 real eatate under development cost during the period 227,818 220,181 207,635 226,9672,248,238

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 1412, 2018 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, 2018 31, 2017 30, 2018 31, 2017 CURRENT ASSETS Cash LIABILITIES Bank overdrafts and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - 1,347,556 1,303,804 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 188,020 90,206 172,485 75,032 liabilities 7 101,619 521 101,514 443 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 liabilities 1,430,068 1,309,868 1,428,065 1,310,059 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in subsidiaries 8 LIABILITIES Liabilities under the finance lease agreement 14 - 14 - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 Intangible assets 19,910 21,074 17,512 20,422 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 Other non14 Long-current assets 47,737 55,565 36,620 47,482 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 1,226,925 1,267,658 1,401,612 1,483,111 liabilities 522,721 966,015 517,947 961,367 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 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 Separate Financial Statements Separate 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 Authorized share capital 1,200,000 1,200,000 1,200,000 1,200,000 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 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS 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 - legal reserve 80,874 80,874 80,874 80,874 69,150 69,150 69,150 69,150 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 634,416 597,374 635,818 597,193 Other components 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 equity - - - - 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 Shareholders' Total equity of the parent company 16,987 45,424 41,591 47,879 attributable to company's shareholders 2,526,380 2,489,338 2,527,782 2,489,157 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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 16,987 45,424 41,591 47,879 10,683 11,188 10,864 12,196 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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) 15 0.02 0.05 0.04 0.05 Consolidated Separate Financial Statements Financial Statements 0.009 0.009 0.009 0.010 Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale to interim financial statements form an integral part of real estate 3,019,231 3,595,082 2,444,840 2,923,309 Interest these statements. Sales 1,098,231 1,074,401 1,098,231 1,074,401 Rental income 1,786 3,704 57,236 61,823 Reversal of provision for litigation 12 - 11,500 - 11,500 and service 16,674 15,530 12,736 12,468 Other income 79,327 72,658 102,895 55,955 4 7,188 7,383 8,628 9,699 Total income 3,100,344 3,682,944 2,604,971 3,052,587 Revenues 1,122,093 1,097,314 1,119,595 1,096,568 EXPENSES 4 Cost of sale of real estate 1,895,001 2,406,915 1,508,803 1,970,049 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 392,687 408,882 322,037 332,809 Special Business Tax and tranferred fee 115,505 139,274 93,650 113,612 150,134 137,309 150,134 137,309 Administrative expenses 403,439 405,865 317,824 325,687 4 113,985 128,595 113,331 127,870 Management benefit expenses 4 25,391 23,885 25,391 23,885 Finance costs 168,262 192,142 167,929 195,033 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 2,974,894 3,553,078 2,410,243 2,937,190 48,587 19,118 50,170 22,366 Tax expenses (income) 21.2 11,545 1,347 11,545 1,347 Profit (loss) before for the period 37,042 17,771 38,625 21,019 Other comprehensive 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 Items that may be reclassified subsequently to profit or loss - - - - Total 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 37,042 17,771 38,625 21,019 Profit (loss) attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 37,042 17,771 38,625 21,019 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 37,042 17,771 38,625 21,019 Total comprehensive income attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 37,042 17,771 38,625 21,019 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 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) 15 0.09 0.09 0.15 0.09 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 Non-controlling Total Share capital Premium on Retained Earnings earnings Other Total Note Paidinterests issued and share capital Appropriated Unappropriated components paid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance legal reserve of equity Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,593,352 3,314,466 Dividend 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 - - - (48,997) (48,997) Profit for the period - 37,042 - - - 90,351 90,351 37,042 - - - 37,042 - Total comprehensive income for the period - - - 90,351 90,351 Balance 37,042 - 37,042 - 37,042 Ending 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 1,245,284 577,530 69,150 634,416 - 2,526,380 - 2,526,380 Beginning balance as at January 1, 2018 980,000 669,210 80,874 1,610,388 3,340,472 Dividend 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 Profit for the period 13 - - - - - - (39,198) 86,859 (39,198) 86,859 Total comprehensive income for the period - - - 86,859 86,859 Balance - - 17,771 - 17,771 - - - 17,771 - 17,771 - - - 17,771 - 17,771 Ending balance as at September 30, 2018 980,000 669,210 80,874 1,658,049 3,388,133 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. 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 Paidpaid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance legal reserve of equity Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,090,908 2,812,022 Dividend 2018 1,245,284 Comprehensive income Profit for the period Profit - Other comprehensive income for the period - - - - - - (48,997) 85,078 (48,997) 85,078 Total comprehensive income for the period - - - 85,078 85,078 Balance 38,625 38,625 Ending 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 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, 2018 980,000 669,210 80,874 1,201,102 2,931,186 Dividend 2017 1,245,284 Comprehensive income Profit for the period - Other 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 21,019 21,019 Ending balance as at September 30, 2018 980,000 669,210 80,874 1,312,274 3,042,358 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 Separate Financial Statements Separate 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 37,042 17,771 38,625 21,019 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 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 127,936 109,489 128,885 111,823 Decrease (increase) in operating assets and liabilities Trade accounts receivable (increase24) decrease Trade and other receivables 30,545 (19,718107) 23,555 (12,973) Real estate projects under - - Inventories 99,378 127,113 99,378 127,113 Property development costs 272,927 146,611 272,927 146,611 Land held for development (248,54778,774) 405,135 209,530 492,788 Deposits for - (78,774) - Deposit from purchase land (183,042) (37,210) (206,042) (37,210) - - - - Other current assets (94,5397,514) 5,264 (27,1821,416) (97,412) (21,899) 2,817 Other non-current assets 7,828 430 (2,86717) 10,862 430 (4,23117) 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 Notes to interim financial statements form an integral part of these statements. 2018 2017 2018 2017 Unrecognised income on installments due 318,450 80,246 318,525 79,180 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 11,020 1,775 9,033 424 Utilities guarantee 101,098 (22410) 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) (3,48311,272) (22411,519) (3,48311,186) Other non-current liabilities Xxxx paid for provision for compensation for housing estate juristic persons - (22,074342) - (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) (29,626342) Net cash provided by (used in) operating activities 55,462 692,917 549,427 797,460 463,514 337,342 470,316 335,766 ASH FLOWS FROM INVESTING ACTIVITIES Interest Cash 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 from short-term loan to related parties - - 55,000 2,000 Increase in short-term loans from related parties - - investments (20,752) 121,886 Investment in subsidiaries increaseed the capital - - (9,000) - Purchase of investment properties (4660) (76555) (4660) (76555) Purchase Proceeds from sales of equipments fixed assets 155 - 80 - Cash paid for purchase of fixed assets (30,0432,492) (20,9404,910) (6,6292,492) (18,1924,910) Received from disposal of equipment 266 2,666 33 683 Purchase Cash paid for purchase of intangible assets (2,71081) (1,7791,715) (84181) (1,4951,715) Cash paid for increase of capital in subsidiary - - (60,000) - Net cash provided by (used in) investing activities (3,3682,478) (16,3686,680) 30 106,366 ASH (7,553) (4,680) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. “REVIEWED” CASH FLOWS FROM FINANCING ACTIVITIES Finance costs paid (400,734) (441,309) (373,568) (439,970) Dividend (39,198) (48,997) (39,198) (48,997) 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 (48,495773,285) 84,766 (773,285) Cash paid for liabilities under finance lease agreement (626) (1,157,903625) (58,011626) (1,148,844625) Increase (decrease) in Cash received from short-term loans 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 parties - - 152,060 party 51,100 306,000 51,100 306,000 Cash paid for short-term loan a related party (112,99054,100) Proceed (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 from financial institutions 1,797,915 1,937,464 1,024,244 1,727,977 Repayment of 362,564 861,523 362,564 861,523 Cash paid for long-term loans from financial institutions (1,514,427742,929) (1,493,490642,727) (1,377,291742,929) (1,378,710642,727) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures - Interest paid (1,606,300) - (1,606,300) Transaction cost from issue of debenture - (13,998) - (13,998) Repayment of finance lease liabilities (13,57394,521) (24,10281,134) (12,77192,944) (21,27281,134) Net cash provided by (used in) financing activities (218,512464,543) (694,135306,124) (684,535465,966) (888,604306,124) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase (decrease) in cash and cash equivalents (166,4183,507) 24,538 (17,5863,203) (135,07824,962 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) 15,222 Cash and cash equivalents as consisted of : Cash on hand 827 437 827 437 Xxxx at January 1bank 17,618 37,341 15,723 35,307 Total 18,445 37,778 16,550 35,744 2) In the third quarter of 2018, 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 the Company had transferred the land development 14,529 22,500 12,543 19,193 Acquisition cost which is included amounted Baht 40.57 million as a part of real eatate under land held for development cost during and in the period 227,818 220,181 207,635 226,967periods 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.

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 14May 11, 2018 2023 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, 2018 31, 2017 30, 2018 2023 31, 2017 2022 31, 2023 31, 2022 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 6 82,482 135,106 33,263 72,721 Trade and other current receivables 5 63,982 94,264 607,676 575,568 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 12,161,757 11,474,271 9,514,008 9,314,927 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 17 316,462 291,600 316,462 291,600 10 - - - - Short-term loans to related parties 4 5 - - 1,347,556 1,303,804 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 188,020 90,206 172,485 75,032 3,331 3,331 - - Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 7,170,950 7,232,232 7,013,339 7,070,692 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 15.8, 15.9 589,749 544,839 589,749 544,839 Investments in subsidiaries 8 11 - - 311,000 302,000 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 Investment properties 9 454,229 454,183 416,629 416,583 554,904 554,904 516,104 516,104 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 12 611,239 614,707 609,647 612,887 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - Intangible assets 19,910 21,074 17,512 20,422 4,871 5,477 4,254 4,724 Deferred tax assets 46,477 37,245 5,953 10,777 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 47,737 55,565 36,620 47,482 83,734 53,533 37,617 21,480 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 6,241,861 6,037,660 5,631,043 5,575,195 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 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 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 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 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 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 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 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967Separate

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 14May 15, 2018 In Thousand 2023 "REVIEWED" - 2 - AS AT MARCH 31, 2023 ASSETS 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, 2018 31, 2017 30, 2018 2023 31, 2017 CURRENT ASSETS 2022 31, 2023 31, 2022 Current assets Cash and cash equivalents 125,299 291,717 79,587 214,665 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 84 83 84 83 Trade and portion of long-term loans to other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - - 1,347,556 1,303,804 Other current assets 188,020 90,206 172,485 75,032 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in subsidiaries 8 24,000,000 - - 311,000 302,000 Long-term loans to other persons 59,846,857 38,281,857 - - Investment properties 9 454,229 454,183 416,629 416,583 property 13 427,298,295 431,573,262 354,834,727 358,569,763 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 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 19,910 21,074 17,512 20,422 21,436,377 15,684,390 3,625,265 4,012,015 Deferred tax assets 46,477 37,245 5,953 10,777 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 47,737 55,565 36,620 47,482 12,779,077 11,921,036 2,321,443 2,003,359 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 26,289,567,788 27,857,884,046 13,316,401,468 14,764,507,510 TOTAL ASSETS 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 29,295,413,235 30,922,522,522 15,253,569,851 16,521,336,424 Notes 30, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from to the interim 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 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 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 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 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 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 statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these statements. "REVIEWED" - 3 -

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 14August 13, 2018 2021 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, 2018 2021 31, 2017 2020 30, 2018 2021 31, 2017 2020 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 183,120 77,450 73,713 48,656 Trade and other current receivables 5 63,982 94,264 607,676 575,568 6 150,205 177,836 1,137,907 1,128,256 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 7 7,075,035 6,424,629 5,278,371 4,370,075 Deposits for land 17 316,462 291,600 316,462 291,600 20 124,590 148,590 124,590 148,590 Short-term loans to related parties 4 5 - - 1,347,556 1,303,804 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 188,020 90,206 172,485 75,032 4,591 4,779 - - Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 7,557,622 6,840,754 7,658,552 6,790,662 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 8 342,128 361,433 342,128 349,876 Investments in subsidiaries 8 9 - - 311,000 302,000 364,000 315,000 Land held for development 7 1,737,774 2,899,938 865,082 2,027,691 Investment properties 9 454,229 454,183 416,629 416,583 10 394,614 394,614 355,814 355,814 Property, plant and equipment 266,995 274,242 230,569 260,498 340,273 352,805 326,564 334,717 Right-of-use assets 11 472,015 482,167 466,418 475,226 Prepaid rental expenses 129,927 136,320 129,927 136,320 106,444 110,682 106,444 110,682 Leasehold rights 12 1,623,075 1,559,882 1,623,075 1,559,882 Intangible assets 19,910 21,074 17,512 20,422 8,839 10,213 7,440 8,565 Deferred tax assets 46,477 37,245 5,953 10,777 44,245 44,514 30,952 29,076 Rental deposit 4 5 60,000 60,000 60,000 60,000 Other non-current assets 47,737 55,565 36,620 47,482 53,674 27,023 10,561 10,653 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 5,183,081 6,303,271 4,558,478 5,637,182 TOTAL ASSETS 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 12,740,703 13,144,025 12,217,030 12,427,844 Notes 30, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from to interim 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 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 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 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 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 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 statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these 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 1412, 2018 2021 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, 2018 2021 31, 2017 2020 30, 2018 2021 31, 2017 2020 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 5 185,916 89,785 39,252 2,248 Trade and other current receivables 5 63,982 94,264 607,676 575,568 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 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - - 1,347,556 1,303,804 Other current assets 188,020 90,206 172,485 75,032 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 - - Investments in subsidiaries 8 10 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 476,248 476,198 Investments in associates 11 - - - - Investments in joint ventures 12 129,453 123,584 109,375 102,376 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 13 614,336 618,357 587,221 578,351 Right-of-use assets 14 20,861 29,622 14,935 14,485 Intangible assets 19,910 21,074 17,512 20,422 11,669 13,273 11,488 13,067 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 35,468 49,703 19,543 15,144 Other non-current assets 47,737 55,565 36,620 47,482 4,738 3,430 1,585 1,681 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 819,596 870,167 1,220,617 1,230,652 TOTAL ASSETS 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 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, 2018 31, 2017 30, 2018 31, 2017 2021 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 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 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 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 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 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967loans

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 14, 2018 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 2019 "UNAUDITED" "REVIEWED" CURRENT ASSETS Note Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 19,652,105 29,310,563 Temporary investments 5 202,390,711 167,434,994 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 Short-term loans to related parties 4 - - 1,347,556 1,303,804 268,813,997 284,531,945 Current portion of finance lease receivables 7 11,179,174 11,793,435 Unbilled receivables 11,377,280 11,421,369 Inventories 8 321,173,183 304,439,304 Other current assets 188,020 90,206 172,485 75,032 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 894,365 478,604 TOTAL CURRENT ASSETS 835,480,815 809,410,214 NON-CURRENT ASSETS Deposits at banks used as collateral General investment 241,845 241,845 Long-term finance lease receivables 7 201,650 229,029 193,402 229,029 Investments in subsidiaries 8 - - 311,000 302,000 19,037,991 21,128,666 Investment properties property 9 454,229 454,183 416,629 416,583 Property, plant 231,361,864 231,818,176 Property and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 10 32,264,919 32,680,745 Goodwill 11 334,672,061 334,672,061 Customer relationship 12 69,506,665 73,180,908 Intangible assets 19,910 21,074 17,512 20,422 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 13 22,901,403 23,979,343 Other non-current assets 47,737 55,565 36,620 47,482 Total non22,444,161 21,474,503 TOTAL NON-current assets 1,226,925 1,267,658 1,401,612 1,483,111 CURRENT ASSETS 732,430,909 739,176,247 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 In Thousand 1,567,911,724 1,548,586,461 Notes to the interim financial statements form an integral part of these statements "UNAUDITED" "REVIEWED" LIABILITIES AND SHAREHOLDERS' EQUITY Baht Consolidated Separate Financial Statements Financial Statements As at September March As at December As at September As at December Notes 30Note 31, 2019 31, 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 14 189,265,331 210,181,058 Income tax payable 24,593,658 16,064,280 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 provisions 566,696 384,041 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 6,438,398 6,271,500 TOTAL CURRENT LIABILITIES 220,864,083 232,900,879 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 Deferred tax liabilities 25,979 23,633 22,888 23,363 Utilities guarantees 2,261 2,485 2,261 2,485 Employee 8,084,521 9,744,962 Employee's 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 - 15 16,566,378 16,670,899 Other non-current liabilities 110,562 130,040 82,669 99,170 Total non22,993,931 22,064,273 TOTAL NON-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 CURRENT LIABILITIES 47,644,830 48,480,134 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion 268,508,913 281,381,013 Notes to the interim financial statements form an integral part of long-term loans In Thousand Baht Consolidated Separate Financial Statements Financial Statements these statements "UNAUDITED" "REVIEWED" SHAREHOLDERS' EQUITY Share capital Authorized share capital Note As at September March As at December As at September As at December Notes 3031, 2019 31, 2018 31, 2017 30, 2018 31, 2017 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised share capital 1,200,000 1,200,000 1,200,000 1,200,000 584,500,000 ordinary shares of Baht 0.50 each 292,250,000 292,250,000 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 584,500,000 ordinary shares of Baht 0.50 each 292,250,000 292,250,000 Premium on ordinary shares 776,416,427 776,416,427 Retained earnings Appropriated Legal reserve 80,874 80,874 80,874 80,874 27,068,831 27,068,831 Unappropriated 1,658,049 1,610,388 1,312,274 1,201,102 203,667,553 171,470,190 TOTAL SHAREHOLDERS' ’ EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 1,299,402,811 1,267,205,448 TOTAL LIABILITIES AND SHAREHOLDERS' ’ EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 Consolidated Separate Financial Statements Financial Statements 1,567,911,724 1,548,586,461 Notes 2018 2017 2018 2017 INCOME 4 to the interim financial statements form an integral part of these statements Revenues Note Revenues from sales 303,969,932 280,903,798 Revenue from sale rendering of real estate 1,018,352 1,390,665 816,675 1,177,177 Interest income 338 421 18,758 18,592 services 26,354,710 29,754,946 Other income 23,392 13,309 27,720 10,118 8,409,260 3,701,327 Total income 1,042,082 1,404,395 863,153 1,205,887 EXPENSES 4 revenues 338,733,902 314,360,071 Expenses Cost of sale sales 208,583,404 190,650,250 Cost of real estate 636,372 951,939 497,081 810,185 rendering of services 27,489,762 27,127,396 Selling expenses 145,501 142,834 120,436 120,692 Special Business Tax and transferred fee 38,959 54,436 31,280 46,305 27,281,085 27,196,720 Administrative expenses 135,913 135,115 103,969 107,482 35,282,826 33,758,049 Finance costs 56,529 59,837 55,101 60,374 - 341 Total expenses 1,013,274 1,344,161 807,867 1,145,038 298,637,077 278,732,756 Profit (loss) before income tax expense 28,808 60,234 55,286 60,849 expenses 40,096,825 35,627,315 Income tax expense 11,821 14,810 13,695 12,970 PROFIT (LOSS) FOR THE PERIOD 16,987 45,424 41,591 47,879 expenses 7,899,462 7,020,859 Profit for the period 32,197,363 28,606,456 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 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 32,197,363 28,606,456 Earnings per share Basic earnings per share (Baht per share) 15 0.02 17 0.06 0.05 0.04 0.05 Consolidated Separate Financial Statements Financial Statements Weighted average number of ordinary shares (shares) 584,500,000 584,500,000 Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale to the interim financial statements form an integral part 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 these statements 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 ShareholdersNote paid-up share capital ordinary shares Appropriated legal reserve Unappropriated 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 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 Beginning 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 2018 292,250,000 776,416,427 20,350,894 125,659,317 1,214,676,638 Total comprehensive income for the period - - - 90,351 90,351 Balance 28,606,456 28,606,456 Ending 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 30March 31, 2018 Balance 292,250,000 776,416,427 20,350,894 154,265,773 1,243,283,094 Beginning 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 2019 292,250,000 776,416,427 27,068,831 171,470,190 1,267,205,448 Total comprehensive income for the period - - - 86,859 86,859 Balance 32,197,363 32,197,363 Ending balance as at September 30March 31, 2019 292,250,000 776,416,427 27,068,831 203,667,553 1,299,402,811 Notes to the interim financial statements form an integral part of these statements Baht 2019 2018 980,000 669,210 80,874 1,658,049 3,388,133 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 Cash flows from operating activities 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 32,197,363 28,606,456 Adjustment 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 doubtful account (Reversereversal) (9,823) (11,231) (3,304) (11,231) 913,732 948,687 Depreciation and amortization 48,861 47,919 46,438 43,977 4,271,818 4,002,670 Amortization of customer relationship 3,674,243 3,674,242 Loss on devaluation of inventories 1,704,741 1,837,647 (Gain) loss on disposals of fixed assets 70,845 282,972 Unrealized (gain) loss on disposal exchange rate 177,812 477,217 (Gain) loss on disposals of equipment investment (26644,156) (2,60252,449) Unrealized (gain) loss on revaluation of temporary investments (911,561) (33793,641) Interest income (3,346) (6202,799) Loss of written off intangible asset Employee's benefit expenses 530,769 443,226 Finance costs - 1,170 - 1,170 Amortisation of premium on debentures 6,376 5,982 6,376 5,982 Unrealised gain on 341 Trade and other receivables 14,803,068 (10,579,299) Finance lease receivables 2,704,937 2,690,119 Unbilled receivables 44,089 4,337,059 Inventories (21,301,618) 23,624,963 Other current investment assets (1415,761) (11,412,411) Other non-current assets (969,658) (11,042,897) xxxxx (1decrease) Loss of written off in operating liabilities Trade and other payables (20,770,220) 841,922 Short-term provisions 182,655 50,860 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 liabilities 166,898 867,757 Income tax expense 38,591 39,515 44,358 30,319 Interest income (1,786) (3,704) (57,236) (61,823) 7,899,462 7,020,859 Profit (loss) from operations operating before changes in operating assets and liabilities 337,518 348,390 360,024 278,642 Changes 50,481,722 46,445,428 (Increase) decrease in operating assets and liabilities Inc Employee's benefit obligations (increase635,290) 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 929,658 1,094,536 "UNAUDITED" Notes to the interim financial statements form an integral part of these statements Baht 2019 2018 Cash payments for purchase of temporary investments (22,07454,000,000) (6,790123,000,000) Cash receipts from redemption of temporary investments 20,000,000 45,000,000 Cash payments for purchases of property and equipment (488,880) (18,323) (3,9041,021,549) 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 receipts from disposal of equipment 266 2,666 33 683 Purchase 741,121 1,492,031 Cash payments for purchase of intangible assets (2,710104,000) (1,7793,588,076) (841) (1,495) Interest received 3,346 2,799 Net cash provided by (used in) investing activities (3,36833,848,413) (16,36881,114,795) 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 Cash flows from financial 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) financing activities 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 (166,4189,658,458) (17,58615,541,937) (135,078) 15,222 Cash and cash equivalents as at January 1, 291,717 321,473 214,665 195,508 beginning of period 29,310,563 41,955,998 Cash and cash equivalents as at September 30, 125,299 303,887 79,587 210,730 end of period 19,652,105 26,414,061 Supplementaly disclosures of cash flows information : Non-cash transactions Acquisition Cash transaction and intangible assets - beginning of equipments under finance leases 15,833 2,864 12,281 2,864 Acquisition period 426,371 4,045,277 Inventories transferred to fixed asset (2,862,998) (1,032,805) Add Purchases of fixed assets and intangible under finance leases assets 3,133,707 1,907,942 Less Cash payments (592,880) (4,609,625) Liabilities incurred from acquisition of fixed assets and intangible assets - 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 ending of period 104,200 310,789 Cash flows from investing activities Liabilities incurred from acquisition of fixed assets Notes to the interim financial statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these 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 14August 9, 2018 2016 2016/7001/0394 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, 2018 2016 31, 2017 2015 30, 2018 2016 31, 2017 2015 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 17,560 29,700 12,838 24,111 Short-term loans investments 23 694 692 694 692 Trade accounts receivable 5 37 - - - Short-term loan to related parties 4 - - 1,347,556 1,303,804 58,500 21,500 Inventories 6 729,158 444,524 729,158 444,524 Property development costs 7 2,587,058 2,539,896 2,587,059 2,540,085 Land held for development 8 1,199,020 1,595,394 1,125,613 1,521,987 Deposit from purchase land 7.2 56,718 1,800 56,718 1,800 Other current assets 188,020 90,206 172,485 75,032 4 33,349 16,154 33,486 16,404 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 4,623,594 4,628,160 4,604,066 4,571,103 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 201,650 229,029 193,402 229,029 Investments 9 12,880 12,816 12,880 12,816 Investment in associated company 10 - - - - Investment in subsidiaries 8 10 - - 311,000 302,000 11,864 11,864 Investment properties 9 454,229 454,183 416,629 416,583 property 11 219,334 224,405 219,334 224,405 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 12 133,570 137,971 131,666 135,427 Intangible assets 19,910 21,074 17,512 20,422 13 3,077 3,113 3,077 3,113 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 22 1,182 1,516 - 504 Other non-current assets 47,737 55,565 36,620 47,482 3,747 6,378 3,747 5,042 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 373,790 386,199 382,568 393,171 TOTAL ASSETS 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 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 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 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 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 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 real eatate under development cost during the period 227,818 220,181 207,635 226,9674,997,384 5,014,359 4,986,634 4,964,274

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 14August 13, 2018 2021 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, 2018 2021 31, 2017 2020 30, 2018 2021 31, 2017 2020 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 5 70,631 89,785 29,447 2,248 Trade and other current receivables 5 63,982 94,264 607,676 575,568 Real estate projects 4, 6 592,794 283,298 182,513 138,010 Unbilled receivables 7, 22 1,796,381 1,117,635 693,671 314,182 Accounts receivable - retention under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 construction contracts 4, 7 280,666 271,170 111,231 125,197 Advances paid to subcontractors under construction contracts 4 431,776 498,303 69,948 175,760 Construction in progress 22 185,426 329,386 73,570 182,858 Inventories 8 22,005 1,676 1,608 1,608 Short-term loans to related parties 4 750 - 400 50 Withholding tax deducted at source 199,211 173,259 147,286 123,410 Other current assets 61,746 44,558 13,683 14,326 Total current assets 3,641,386 2,809,070 1,323,357 1,077,649 NON-CURRENT ASSETS Restricted deposits at banks 9 3,071 32,198 221 29,350 Long-term loans to related parties 4 - - 1,347,556 1,303,804 Other current assets 188,020 90,206 172,485 75,032 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 - - Investments in subsidiaries 8 10 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 476,498 476,198 Investments in associates 11 - - - - Investments in joint ventures 12 123,256 123,584 102,376 102,376 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 13 630,337 618,357 591,880 578,351 Right-of-use assets 14 27,142 29,622 16,527 14,485 Intangible assets 19,910 21,074 17,512 20,422 12,237 13,273 11,995 13,067 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 40,865 49,703 19,593 15,144 Other non-current assets 47,737 55,565 36,620 47,482 4,173 3,430 1,668 1,681 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 841,081 870,167 1,220,758 1,230,652 TOTAL ASSETS 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 4,482,467 3,679,237 2,544,115 2,308,301 Notes 30, 2018 31, 2017 30, 2018 31, 2017 to interim financial statements form an integral part of these statements. 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 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 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 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 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 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967Baht

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 14August 13, 2018 In Thousand 2020 (Mr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 4752 Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September June As at December Notes 30, 2018 2020 31, 2017 30, 2018 31, 2017 CURRENT ASSETS 2019 Current assets Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 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 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 Short-term loans to related parties 4 - - 1,347,556 1,303,804 8 15,228,315.04 9,579,165.92 Inventories 9 103,422,784.72 47,292,148.84 Other current assets 188,020 90,206 172,485 75,032 2,446,909.39 4,033,393.62 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 NON357,766,568.67 407,912,325.25 Non-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in subsidiaries current assets Restricted bank deposit 10 21,290,032.94 21,148,058.09 Finance lease receivables 8 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 48,302,482.82 25,052,927.81 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 11 141,132,725.08 145,126,213.80 Right-of-use assets 12 18,033,382.18 - Intangible assets 19,910 21,074 17,512 20,422 13 260,615.26 283,326.75 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 14 1,562,010.73 3,092,665.27 Other non-current assets 47,737 55,565 36,620 47,482 32,496,763.67 28,995,251.20 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 263,078,012.68 223,698,442.92 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 In Thousand 620,844,581.35 631,610,768.17 Note to interim financial statements form an integral part of these statements. Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September June As at December Notes 30, 2018 2020 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from financial institutions 10 298,522 347,017 289,006 347,017 2019 Current liabilities 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 16 195,850,173.28 152,443,213.37 Current portion of long-term loans loan from other parties 10 111,493 111,493 111,493 111,493 financial institution 18 4,858,873.78 5,425,135.74 Current portion of debentures 11 3,031,215 1,031,215 3,031,215 1,031,215 Current portion of financial liability under 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 agreements 19 4,251,808.68 3,147,934.51 Income tax payable 9,608 13,533 4,512 11,415 1,286,788.79 374,688.27 Other current liabilities 74,681 62,001 31,764 21,552 17 3,203,865.43 4,098,766.08 Total current liabilities 5,660,182 2,919,384 5,611,868 3,196,837 NON209,451,509.96 165,489,737.97 Non-CURRENT LIABILITIES current liabilities Long-term loans loan from financial institutions 10 801,675 1,031,767 605,930 963,496 Long-term loans from related party 4 institution 18 - - 9,700 9,700 Debentures 11 3,951,226 5,944,850 3,951,226 5,944,850 Financial 26,102,945.19 Liability under lease liabilities 25,979 23,633 22,888 23,363 Utilities guarantees 2,261 2,485 2,261 2,485 agreements 19 6,855,509.46 4,698,649.32 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 - 20 19,352,054.55 18,330,893.03 Other non-current liabilities 110,562 130,040 82,669 99,170 34,819,541.63 37,151,535.49 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 61,027,105.64 86,284,023.03 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion 270,478,615.60 251,773,761.00 Note to interim financial statements form an integral part of long-term loans In Thousand these statements. “UNAUDITED” “REVIEWED” Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September June As at December Notes 30, 2018 2020 31, 2017 30, 2018 31, 2017 SHAREHOLDERS2019 Shareholders' EQUITY SHARE CAPITAL equity Share capital Authorised share capital 1,200,000 1,200,000 1,200,000 1,200,000 280,000,000 ordinary shares of Baht 0.50 each 140,000,000.00 140,000,000.00 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 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 80,874 80,874 80,874 80,874 12,446,049.54 12,446,049.54 Unappropriated 1,658,049 1,610,388 1,312,274 1,201,102 37,871,297.91 67,342,339.33 TOTAL SHAREHOLDERS' EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 350,365,965.75 379,837,007.17 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 620,844,581.35 631,610,768.17 Note to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" For the three-month period For the six-month period ended June 30, ended June 30, 2020 2019 2020 2019 Revenues from sale of real estate 1,018,352 1,390,665 816,675 1,177,177 sales and services 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 revenues Expenses Cost of sale of real estate 636,372 951,939 497,081 810,185 sales and services 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 Other expense Total expense Profit from operating activities Finance costs 56,529 59,837 55,101 60,374 Total expenses 1,013,274 1,344,161 807,867 1,145,038 cost 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 Profit for the period Other comprehensive income Total comprehensive income for the period Earnings per share Basic earnings per share Notes 24 Note to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” 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 - - - - 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 Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 Non-controlling interests (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 - - - - 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 (56,000,000.00) (56,000,000.00) - - - - 16,987 45,424 41,591 47,879 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY Profit (loss) for 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 Adjustment Cumulative effects of changes in accounting policies due to 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 adoption 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 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 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 new financial reporting standards Balance as at January 1, 2017 980,000 669,210 71,904 1,593,352 3,314,466 2020 (Restated) 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 June 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 2020 Dividend Comprehensive income for the period 21 Profit for the period 13 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 - - - - (39,19845,000,000.00) 86,859 (39,19845,000,000.00) 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 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 - 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” Baht 2020 2019 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 27,244,008.94 22,152,982.60 Reconciliations of profit (loss) for the period to net cash provided by (used in) from operating activities Doubtful Depreciation 4,799,322.24 2,453,412.62 Amortization of intangible assets 22,711.49 24,581.33 Allowance for doubtful debt (Reverse) (263) 2,193 (65) 2,076 Allowance 1,198,681.18 - Provision of allowance for decline in value of real estate projects under development inventories (Reversereversal) (9,82328,896.00) (11,231177,134.00) (3,304Gain) (11,231) Depreciation and amortization 48,861 47,919 46,438 43,977 Loss (gain) loss on disposal of building improvement and equipment (266401,455.25) - Employee benefits expenses 1,222,661.52 4,282,128.06 Interest income (1,387,049.43) (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) - (11,5001,002,068.58) Finance cost 168,262 192,142 167,929 195,033 costs 719,343.66 591,788.93 Income tax expense 38,591 39,515 44,358 30,319 Interest income (1,786) (3,704) (57,236) (61,823) 6,700,925.21 5,876,452.71 Profit (loss) from operations operating before changes in operating assets and liabilities 337,518 348,390 360,024 278,642 Changes 40,090,253.56 34,202,143.67 (Increase) decrease in operating assets and liabilities (increase) decrease Trade and other accounts receivable (33,615,403.10) 35,526,566.28 Finance lease 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 (183,04229,166,224.26) (37,21019,369,035.33) Unbilled receivable - 12,741,000.00 Inventories (56,101,739.88) (206,042) (37,21033,205,550.28) Other current assets 1,586,484.23 (94,539) (27,182) (97,412) (21,899152,963.37) Other non-current assets 7,828 (2,8673,458,374.41) 10,862 (4,231752,303.75) Note to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” 2020 2019 Increase (decrease) in operating liabilities 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 43,406,959.91 52,732,816.44 Other current liabilities 11,020 1,775 9,033 424 Utilities guarantee (224894,900.65) (3,4834,415,082.86) Employee benefits obligations (201,500.00) (224) (3,483315,200.00) Other non-current liabilities (22,0742,331,993.86) 8,396,375.01 Cash generated (6,790paid) (18,323) (3,904) Cash from operating activities 110,485 762,652 595,905 827,086 (40,686,438.46) 85,388,765.81 Interest received 1,387,049.43 1,002,068.58 Income tax paid (55,0234,079,407.56) (69,735) (46,478) (29,6267,969,805.94) Net cash provided by (used in) operating activities 55,462 692,917 549,427 797,460 ASH CASH FLOWS FROM INVESTING ACTIVITIES Interest received 1,786 3,704 1,638 3,503 : (43,378,796.59) 78,421,028.45 (Increase) decrease in deposits at banks used as collateral 27,379 746 35,627 746 restricted bank deposit (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 (46141,974.85) (765139,856.23) Cash payments to acquire property, plant and equipment (13,112,459.62) (4619,238,050.12) (765) Purchase of equipments (30,043) (20,940) (6,629) (18,192) Received Cash received from disposal sale of equipment 266 2,666 33 683 Purchase of intangible assets (2,710) (1,779) (841) (1,495) 409,883.17 - Net cash provided by (used in) investing activities (3,368) (16,368) 30 106,366 ASH CASH FLOWS FROM FINANCING ACTIVITIES Finance costs paid : (400,73412,844,551.30) (441,30919,377,906.35) (373,568) (439,970) Dividend (39,198) (48,997) (39,198) (48,997) Increase (decrease) in bank overdrafts and short-term loans from financial 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 Cash payment from long-term loans loan from financial institutions 1,797,915 1,937,464 1,024,244 1,727,977 Repayment of long-term loans from financial institutions institution (1,514,42726,704,257.90) - Cash payments for liabilities under lease agreements (2,474,449.69) (1,493,4902,156,426.95) Dividend paid (56,000,000.00) (1,377,29120,000,000.00) Interest paid (684,292.91) (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) (21,272591,788.93) Net cash provided by (used in) financing activities (218,51285,863,000.50) (694,13522,748,215.88) (684,535) (888,604) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase Increase (decrease) in cash and cash equivalents equivalent, net (166,418142,086,348.39) (17,586) (135,078) 15,222 36,294,906.22 Cash and cash equivalents as equivalent, at January 1, 291,717 321,473 214,665 195,508 beginning of period 197,575,211.34 10,166,009.85 Cash and cash equivalents as equivalent, at September 30, 125,299 303,887 79,587 210,730 Non-cash transactions Acquisition end of equipments period 55,488,862.95 46,460,916.07 Purchase of asset 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 financial lease agreements Dividend payable Note to interim financial statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these 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 148, 2018 2019 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, 2018 2019 31, 2017 2018 30, 2018 2019 31, 2017 2018 CURRENT ASSETS Cash LIABILITIES Bank overdrafts and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - - 1,347,556 1,303,804 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 188,020 90,206 172,485 75,032 liabilities 3,764 3,006 3,674 2,915 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 liabilities 1,062,082 1,381,653 1,059,361 1,377,938 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in subsidiaries 8 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 Intangible assets 19,910 21,074 17,512 20,422 Deferred tax assets 46,477 37,245 5,953 10,777 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 47,737 55,565 36,620 47,482 liabilities 3,350 1,985 3,350 1,985 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 liabilities 410,555 282,335 405,435 277,115 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 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 Separate Financial Statements Separate Financial Statements As at September As at December As at September As at December Notes 30, 2018 2019 31, 2017 2018 30, 2018 2019 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 Authorized share capital 1,200,000 1,200,000 1,200,000 1,200,000 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 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS 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 - legal reserve 80,874 80,874 80,874 80,874 74,150 74,150 74,150 74,150 Unappropriated 1,658,049 1,610,388 1,312,274 1,201,102 689,080 688,675 690,767 691,358 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 SHAREHOLDERS' SHAREHOLDER’S EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 2,588,544 2,585,639 2,587,731 2,588,322 TOTAL LIABILITIES AND SHAREHOLDERS' SHAREHOLDER’S EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 Consolidated Separate Financial Statements Financial Statements 4,061,181 4,249,627 4,052,527 4,243,375 Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale to interim financial statements form an integral part of real estate 1,018,352 1,390,665 816,675 1,177,177 Interest these statements. Sales 351,596 304,661 351,596 304,661 Rental income 338 421 18,758 18,592 and service 4,532 5,714 3,354 4,365 Other income 23,392 13,309 27,720 10,118 4 14,014 3,184 13,822 3,127 Total income 1,042,082 1,404,395 863,153 1,205,887 Revenues 370,142 313,559 368,772 312,153 EXPENSES 4 Cost of sale of real estate 636,372 951,939 497,081 810,185 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 145,501 142,834 120,436 120,692 Special Business Tax and transferred fee 38,959 54,436 31,280 46,305 49,646 41,185 49,646 41,185 Administrative expenses 135,913 135,115 103,969 107,482 4 53,947 35,769 53,629 35,545 Management benefit expenses 4 8,751 8,330 8,751 8,330 Finance costs 56,529 59,837 55,101 60,374 4 11,720 15,187 11,666 14,702 Total Expenses 350,333 300,097 349,133 298,510 Income (loss) before tax expenses 1,013,274 1,344,161 807,867 1,145,038 19,809 13,462 19,639 13,643 Tax expenses (income) 5,151 2,779 5,112 2,779 Profit (loss) before 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 expense 28,808 60,234 55,286 60,849 Income tax expense 11,821 14,810 13,695 12,970 PROFIT (LOSS135) FOR THE PERIOD 16,987 45,424 41,591 47,879 Other - (428) - Items that may be reclassified subsequently to profit or loss - - - - Total 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 14,523 10,683 14,099 10,864 Profit (loss) attributable to Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 14,658 10,683 14,527 10,864 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 14,658 10,683 14,527 10,864 Total comprehensive income attributable to Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 14,523 10,683 14,099 10,864 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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) 15 0.02 0.05 0.04 0.05 Consolidated Separate Financial Statements Financial Statements 0.012 0.009 0.011 0.009 Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale to interim financial statements form an integral part of real estate 3,019,231 3,595,082 2,444,840 2,923,309 Interest these statements. Sales 966,296 1,098,231 966,296 1,098,231 Rental income 1,786 3,704 57,236 61,823 Reversal of provision for litigation 12 - 11,500 - 11,500 and service 15,287 16,674 11,622 12,736 Other income 79,327 72,658 102,895 55,955 4 16,961 7,188 16,799 8,628 Total income 3,100,344 3,682,944 2,604,971 3,052,587 Revenues 998,544 1,122,093 994,717 1,119,595 EXPENSES 4 Cost of sale of real estate 1,895,001 2,406,915 1,508,803 1,970,049 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 392,687 408,882 322,037 332,809 Special Business Tax and tranferred fee 115,505 139,274 93,650 113,612 134,160 150,134 134,160 150,134 Administrative expenses 403,439 405,865 317,824 325,687 4 126,517 113,985 126,327 113,331 Management benefit expenses 4 26,166 25,391 26,166 25,391 Finance costs 168,262 192,142 167,929 195,033 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 2,974,894 3,553,078 2,410,243 2,937,190 46,570 48,587 45,752 50,170 Tax expenses (income) 21.2 8,672 11,545 8,557 11,545 Profit (loss) before 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 expense 125,450 129,866 194,728 115,397 Income tax expense 38,591 39,515 44,358 30,319 PROFIT (LOSS135) FOR THE PERIOD 86,859 90,351 150,370 85,078 Other - (428) - Items that may be reclassified subsequently to profit or loss - - - - Total 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 37,763 37,042 36,767 38,625 Profit (loss) attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 37,898 37,042 37,195 38,625 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 37,898 37,042 37,195 38,625 Total comprehensive income attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 37,763 37,042 36,767 38,625 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 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) 15 0.09 0.09 0.15 0.09 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 Non-controlling Total Share capital Premium on Retained Earnings earnings Other Total Note Paidinterests issued and share capital Appropriated Unappropriated components paid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance legal reserve of equity Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,593,352 3,314,466 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 - - - (48,997135) - (48,997135) Profit for the period - - - 90,351 90,351 (135) Total comprehensive income for the period - - - 90,351 90,351 Balance 37,763 - 37,763 2,500 37,763 Ending 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 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 980,000 669,210 80,874 1,610,388 3,340,472 Dividend 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 Profit for the period 13 - - - - - - (39,198) 86,859 (39,198) 86,859 - - Total comprehensive income for the period - - - 86,859 86,859 Balance 37,042 - 37,042 - 37,042 Ending balance as at September 30, 2018 980,000 669,210 80,874 1,658,049 3,388,133 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. In ThousandBaht Separate Financial Statements Retained Earnings Other Total Note Paid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,090,908 2,812,022 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 - - - - - - (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 38,625 38,625 Ending balance as at September 30, 2018 980,000 669,210 80,874 1,312,274 3,042,358 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 Financial Statements 2019 2018 2017 2019 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 86,859 90,351 150,370 85,078 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 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 106,409 127,936 105,466 128,885 Decrease (increase) in operating assets and liabilities Trade accounts receivable (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 (183,04291) (37,21024) - - 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 (206,04278,774) 38,267 (37,21078,774) Deposit from purchase land - - - - Other current assets 1,425 (94,5397,514) 1,554 (27,182) (97,412) (21,8991,416) Other non-current assets 7,828 616 430 677 430 Notes to interim financial statements form an integral part of these statements. 2019 2018 2019 2018 Increase (2,867decrease) 10,862 in operating liabilities Trade notes payable 1,394 (4,23123,108) 1,394 (23,108) Trade accounts payable and other payables payable 15,964 (34,35418,953) 44,368 1,041 69,474 Construction retentions 15,969 (12,09619,189) Payable to related parties (2,422) (20,0128) (3,810) 46 Accrued expenses (20,826) (14,6646,377) (9,72219,997) 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 (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 11,020 1,775 9,033 424 Utilities guarantee (224) (3,483) (224) (3,483) 758 101,098 759 101,071 Other non-current liabilities 1,364 - 1,364 - Cash receivable (22,074paid) 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) (6,79011,586) (18,32319,475) (3,90411,519) 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 Cash 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 from short-term loans from loan to related parties - - - 55,000 Increase in temporary investment (20,7522) 121,886 Investment in subsidiaries increaseed the capital - - - Increase in deposit pledged as collateral (9,0004,167) (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) - Purchase of investment properties (466,838) (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 - Cash paid for purchase of intangible assets (2,710298) (1,77981) (841298) (1,49581) Net cash provided by Cash received from capital in subsidiary 13,750 - - - Cash paid for increase of capital in subsidiary (used in11,250) investing activities - (3,3687,500) (16,36860,000) 30 106,366 ASH Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Finance costs paid (400,734) (441,309) (373,568) (439,970) Dividend (39,198) (48,997) (39,198) (48,997) Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 Increase (decrease) in bank overdrafts and short-term loans from the financial institutions (48,495129,445) 84,766 (129,445) 84,766 Cash paid for liabilities under finance lease agreement (1) (1,157,903626) (58,0111) (1,148,844626) Increase (decrease) in Cash received from short-term loans 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 parties party 6,000 51,100 - 51,100 Cash paid for short-term loan a related party (7,000) (54,100) - 152,060 (112,99054,100) Proceed 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 from financial institutions 1,797,915 1,937,464 1,024,244 1,727,977 Repayment of 337,786 362,564 337,786 362,564 Cash paid for long-term loans from financial institutions (1,514,427338,801) (1,493,490742,929) (1,377,291338,801) (1,378,710742,929) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures - Interest paid (1,606,30059,405) (94,521) (59,162) (92,944) Dividend paid (37,358) - (1,606,300) Transaction cost from issue of debenture - (13,99837,358) - (13,998) Repayment of finance lease liabilities (13,573) (24,102) (12,771) (21,272) Net cash provided by (used in) financing activities (218,512276,886) (694,135464,543) (684,535275,143) (888,604465,966) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase (decrease) in cash and cash equivalents 42,531 (166,4183,507) 32,838 (17,5863,203) (135,078Cash 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) 15,222 Cash and cash equivalents as consisted of : Cash on hand 607 827 637 827 Cash at January 1bank 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, 291,717 321,473 214,665 195,508 Cash the Company has transferred the land development cost of Baht 85.10 million 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 Baht 40.57 million into part of real eatate under development cost during the period 227,818 220,181 207,635 226,967land pending development. 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 149, 2018 2022 In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September As at December Notes 30, 2018 2022 31, 2017 2021 30, 2018 2022 31, 2017 2021 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 6 82,559 503,425 29,808 302,341 Trade and other current receivables 5 63,982 94,264 607,676 575,568 5, 7 168,311 176,585 1,234,101 1,154,363 Unbilled revenue from construction service 8 86,199 58,826 - - Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 9 6,859,840 6,523,486 4,496,415 4,828,560 Deposits for land 17 316,462 291,600 316,462 291,600 10 - 126,590 - 126,590 Short-term loans to related parties 4 5 - - 1,347,556 1,303,804 1,431,514 1,056,164 Current tax assets 22,437 34,886 12,709 15,762 Other current financial assets 86 86 86 86 Other current assets 188,020 90,206 172,485 75,032 4,517 5,256 - - Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 7,223,949 7,429,140 7,204,633 7,483,866 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 11 566,991 454,020 566,991 454,020 Investments in subsidiaries 8 12 - - 311,000 302,000 354,995 364,995 Land held for development 9 1,730,307 1,737,497 1,008,903 865,082 Investment properties 9 454,229 454,183 416,629 416,583 382,564 382,564 343,764 343,764 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 13 620,894 636,202 616,973 628,468 Right-of-use assets 14 432,545 448,225 426,481 444,622 Leasehold rights 15 1,954,461 1,687,004 1,954,461 1,687,004 Intangible assets 19,910 21,074 17,512 20,422 6,107 7,703 5,215 6,397 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 35,893 43,811 23,683 28,636 Retention receivables from construction 43,083 36,351 - - Other non-current assets 47,737 55,565 36,620 47,482 54,336 20,426 26,440 11,238 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 5,827,181 5,453,803 5,327,906 4,834,226 TOTAL ASSETS 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 13,051,130 12,882,943 12,532,539 12,318,092 Notes 30, 2018 31, 2017 30, 2018 31, 2017 to interim financial statements form an integral part of these statements. 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 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 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 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 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 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967loans

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 14, 2018 2022 "UNAUDITED" "REVIEWED" 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 Note 30, 2018 2022 31, 2017 2021 30, 2018 2022 31, 2017 2021 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 288,625 249,587 191,891 160,484 - general companies 6 151,827 191,242 112,025 132,490 - related companies 5, 6 12,699 25,291 4,579 6,529 Other current receivables - general companies 45,302 29,718 40,452 10,554 - related companies 5 1,839 1,354 247,901 224,841 Trade accounts receivable from construction work 6 - 2,603 - 2,603 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits contract assets 6.2 13,463 24,245 13,463 24,245 Inventories 7 330,843 349,945 136,930 164,727 Advance for land 17 316,462 291,600 316,462 291,600 purchase of inventories 70,024 64,784 70,024 64,784 Short-term loans loan to related parties 4 companies 5 - - 1,347,556 1,303,804 57,691 57,691 Other current assets 188,020 90,206 172,485 75,032 32,681 35,008 6,647 11,747 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in subsidiaries 8 - - 311,000 302,000 Investment properties 9 454,229 454,183 416,629 416,583 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 Intangible assets 19,910 21,074 17,512 20,422 Deferred tax assets 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 47,737 55,565 36,620 47,482 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 947,303 973,777 881,603 860,695 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" 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 Note 30, 2018 2022 31, 2017 2021 30, 2018 2022 31, 2017 2021 NON-CURRENT LIABILITIES from financial institutions 10 298,522 347,017 289,006 347,017 ASSETS Restricted deposit with bank 8 5,659 5,640 5,420 5,420 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 Shortnon-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 - receivables 61,988 54,506 61,988 54,506 Other non-current liabilities 110,562 130,040 82,669 99,170 financial assets 9 88,677 84,530 88,677 84,530 Investment - subsidiaries companies 10 - - 245,172 245,172 - associated companies 10 894,603 877,986 163,547 163,547 Property, plant and equipment 11 1,439,024 1,511,950 899,091 937,772 Right-of-use assets 26,354 25,950 10,874 9,002 Deferred tax assets 12 - - 938 879 Other non-current assets 11,846 3,839 328 387 Total non-current liabilities 5,034,214 7,249,943 4,785,244 7,130,767 assets 2,528,151 2,564,401 1,476,035 1,501,215 TOTAL LIABILITIES 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion ASSETS 3,475,454 3,538,178 2,357,638 2,361,910 Notes to interim financial statements form an integral part of long-term loans these statement "UNAUDITED" "REVIEWED" 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 Note 30, 2018 2022 31, 2017 2021 30, 2018 2022 31, 2017 2021 CURRENT LIABILITIES Short-term loans from financial institutions 13 53,000 65,000 3,000 - Short-term loans from related companies 5 84,750 51,050 - - Trade accounts payable - general companies 162,995 185,916 78,859 91,556 Other current payable - general companies 14 127,408 151,422 108,083 127,715 Trade and other current payables - related companies 5 16,589 20,911 15,753 21,878 Current contract liabilities 520 16,947 520 16,947 Current portion of - Long-term loan from financial institutions 15 2,845 5,784 2,845 5,784 - Lease liabilities 9,876 9,271 3,721 3,419 Current provisions for employee benefits 15,887 16,679 15,576 16,368 Other current liabilities 29,788 10,194 28,845 8,989 Total current liabilities 503,658 533,174 257,202 292,656 NON-CURRENT LIABILITIES Long-term loans from financial institutions 15 - 1,399 - 1,399 Lease liabilities 13,230 14,663 7,770 6,074 Non-current provisions for employee benefits 54,485 52,346 35,569 33,980 Defferred Tax liabilities 12 33,168 32,875 - - Other non-current liabilities 45,855 60,667 45,385 60,667 Total non-current liabilities 146,738 161,950 88,724 102,120 TOTAL LIABILITIES 650,396 695,124 345,926 394,776 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" In Thousand Baht Consolidated financial statements Separate financial statements As at September As at December As at September As at December Note 30, 2022 31, 2021 30, 2022 31, 2021 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised Share capital - common share capital 1,200,000 1,200,000 1,200,000 1,200,000 at Baht 1 par value - Registered 593,125,849 shares 593,126 593,126 593,126 593,126 - Issued and paidpaid - up 593,125,849 shares 593,126 593,126 593,126 593,126 Premium on ordinary shares 72,404 72,404 72,404 72,404 Retained earnings - Appropriated legal reserve 59,313 59,313 59,313 59,313 - Unappropriated 1,810,733 1,829,953 1,248,733 1,207,473 Other components of equity 70,979 67,661 38,136 34,818 Total shareholder's equity of the parent company 2,606,555 2,622,457 2,011,712 1,967,134 Non-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 controlling interests 218,503 220,597 - - TOTAL SHAREHOLDERS' EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 2,825,058 2,843,054 2,011,712 1,967,134 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 3,475,454 3,538,178 2,357,638 2,361,910 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale financial statements 2022 2021 2022 2021 Sales and services income Construction income Total revenues Cost Cost of real estate 1,018,352 1,390,665 816,675 1,177,177 Interest sales and services Cost of construction Total cost Gross profit Dividend 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 Gain on foreign exchange rates Profit before expenses 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 Loss on foreign exchange rates Total expenses Profit (loss) from operations 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 equity in net income of associated companies Share of profit from investment in associated companies 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 Tax expenses (LOSSincome) 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 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 42,584 7,468 19,733 330 70,115 888 523 523 82 605 Notes to interim financial statements form an integral part of these statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale financial statements 2022 2021 2022 2021 Components of real estate 3,019,231 3,595,082 2,444,840 2,923,309 Interest other comprehensive income 1,786 3,704 57,236 61,823 Reversal to be reclassified to profit or loss Items that will not be reclassified subsequently to profit or loss Equity in comprehensive income of provision for litigation 12 - 11,500 - 11,500 Other associated company Components of other comprehensive 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 not to be reclassified to profit or loss Other comprehensive income (expense) for the period Total comprehensive income (expense) for the period Note 10 (336) - - - - 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 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 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 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 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967605

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 14August 10, 2018 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, 2018 31, 2017 30, 2018 31, 2017 CURRENT ASSETS Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - - 1,347,556 1,303,804 - 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 188,020 90,206 172,485 75,032 4 9,132 9,069 16,486 15,227 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 4,220,807 4,401,408 4,153,575 4,386,895 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 201,650 229,029 193,402 229,029 Investments 8 9,185 9,157 9,185 9,157 Investment in subsidiaries 8 9 - - 311,000 302,000 11,864 11,864 Investment properties 9 454,229 454,183 416,629 416,583 property 10 199,073 204,100 199,073 204,100 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 11 111,548 117,765 111,538 117,733 Intangible assets 19,910 21,074 17,512 20,422 12 5,242 5,752 5,242 5,752 Witholding tax 10,822 17,989 10,671 17,754 Deferred tax assets 46,477 37,245 5,953 10,777 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 47,737 55,565 36,620 47,482 4,050 4,114 4,050 4,114 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 344,445 363,813 354,426 373,688 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 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 Separate Financial Statements Separate Financial Statements As at September June As at December As at September June As at December Notes Note 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 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 Separate Financial Statements Separate Financial Statements As at September June As at December As at September June As at December Notes 30, 2018 31, 2017 30, 2018 31, 2017 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised Share capital Authorized share capital 1,200,000 1,200,000 1,200,000 1,200,000 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 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS 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 - legal reserve 80,874 80,874 80,874 80,874 69,150 69,150 69,150 69,150 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 623,733 597,374 624,954 597,193 Other components 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 equity - - - - 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 Shareholders' Total equity of the parent company 16,987 45,424 41,591 47,879 attributable to company's shareholders 2,515,697 2,489,338 2,516,918 2,489,157 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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 16,987 45,424 41,591 47,879 19,631 1,268 19,959 2,232 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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) 15 0.02 0.05 0.04 0.05 Consolidated Separate Financial Statements Financial Statements 0.016 0.001 0.016 0.001 Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale to interim financial statements form an integral part of real estate 3,019,231 3,595,082 2,444,840 2,923,309 Interest these statements. Sales 793,570 704,448 793,570 704,448 Rental income 1,786 3,704 57,236 61,823 Reversal of provision for litigation 12 - 11,500 - 11,500 and service 10,960 10,144 8,371 8,275 Other income 79,327 72,658 102,895 55,955 4 4,004 4,855 5,501 6,357 Total income 3,100,344 3,682,944 2,604,971 3,052,587 Revenues 808,534 719,447 807,442 719,080 EXPENSES 4 Cost of sale of real estate 1,895,001 2,406,915 1,508,803 1,970,049 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 392,687 408,882 322,037 332,809 Special Business Tax and tranferred fee 115,505 139,274 93,650 113,612 108,949 88,198 108,949 88,198 Administrative expenses 403,439 405,865 317,824 325,687 4 78,216 87,551 77,786 87,344 Management benefit expenses 4 17,061 15,899 17,061 15,899 Finance costs 168,262 192,142 167,929 195,033 4 41,904 31,821 41,805 31,803 Total Expenses 773,409 708,291 770,915 705,684 Income (loss) before tax expenses 2,974,894 3,553,078 2,410,243 2,937,190 35,125 11,156 36,527 13,396 Tax expenses (income) 8,766 4,573 8,766 4,573 Profit (loss) before for the period 26,359 6,583 27,761 8,823 Other comprehensive 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 Items that may be reclassified subsequently to profit or loss - - - - Total 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 26,359 6,583 27,761 8,823 Profit (loss) attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 26,359 6,583 27,761 8,823 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 26,359 6,583 27,761 8,823 Total comprehensive income attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 26,359 6,583 27,761 8,823 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 26,359 6,583 27,761 8,823 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY Profit (loss) for the period (20 Notes to interim financial statements form an integral part of these statements. In Thousand Baht per share) 15 0.09 0.09 0.15 0.09 Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained Earnings earnings Other Total Note Paidinterests issued and share capital Appropriated Unappropriated components paid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance legal reserve of equity Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,593,352 3,314,466 Dividend 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 - - - (48,997) (48,997) Profit for the period - - - 90,351 90,351 - - Total comprehensive income for the period - - - 90,351 90,351 Balance 26,359 - 26,359 - 26,359 Ending 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 June 30, 2018 Balance 1,245,284 577,530 69,150 623,733 - 2,515,697 - 2,515,697 Beginning balance as at January 1, 2018 980,000 669,210 80,874 1,610,388 3,340,472 Dividend 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 Profit for the period 13 - - - - - - (39,198) 86,859 (39,198) 86,859 - - Total comprehensive income for the period - - - 86,859 86,859 Balance 6,583 - 6,583 - 6,583 Ending balance as at September June 30, 2018 980,000 669,210 80,874 1,658,049 3,388,133 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. 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 Paidpaid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance legal reserve of equity Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,090,908 2,812,022 Dividend 2018 1,245,284 Comprehensive income Profit for the period Profit - Other comprehensive income for the period - - - - - - (48,997) 85,078 (48,997) 85,078 Total comprehensive income for the period - - - 85,078 85,078 Balance 27,761 27,761 Ending 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 June 30, 2018 Balance 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, 2018 980,000 669,210 80,874 1,201,102 2,931,186 Dividend 2017 1,245,284 Comprehensive income Profit for the period - Other 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 8,823 8,823 Ending balance as at September June 30, 2018 980,000 669,210 80,874 1,312,274 3,042,358 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 Separate Financial Statements Separate 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 26,359 6,583 27,761 8,823 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 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 91,938 63,576 93,152 65,203 Decrease (increase) in operating assets and liabilities Trade accounts receivable 21 (increase152) decrease Trade and other receivables 30,545 (19,718) 23,555 (12,973) Real estate projects under - - Inventories 104,998 107,912 104,998 107,912 Property development costs 174,301 148,072 174,301 148,072 Land held for development (248,547) 405,135 209,530 492,788 Deposits for land (183,04275,551) (37,21087,438) (206,04275,551) (37,21087,438) Deposit from purchase land - - - - Other current assets 1,191 2,742 (94,5395) (27,182) (97,412) (21,899) 1,140 Other non-current assets 7,828 63 (2,86740) 10,862 63 (4,23140) 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 Notes to interim financial statements form an integral part of these statements. 2018 2017 2018 2017 Unrecognised income on installments due 318,450 80,246 318,525 79,180 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 11,020 1,775 9,033 424 Utilities guarantee 1,687 (22424) 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) (3,4837,499) (2248,037) (3,4837,435) Other non-current liabilities Xxxx paid for provision for compensation for housing estate juristic persons - (22,074342) - (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) (29,626342) Net cash provided by (used in) operating activities 55,462 692,917 549,427 797,460 279,547 192,217 279,711 190,883 ASH FLOWS FROM INVESTING ACTIVITIES Interest Cash 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 from short-term loan to related parties - - 55,000 2,000 Increase in short-term loans from related parties - - investments (20,752) 121,886 Investment in subsidiaries increaseed the capital - - (9,000) - Purchase of investment properties (4628) (76537) (4628) (76537) Purchase Proceeds from sales of equipments fixed assets 80 - 80 - Cash paid for purchase of fixed assets (30,0431,953) (20,9401,741) (6,6291,953) (18,1921,741) Received from disposal of equipment 266 2,666 33 683 Purchase Cash paid for purchase of intangible assets (2,71021) (1,7791,695) (84121) (1,4951,695) Net cash provided by (used in) investing activities (3,368) (16,368) 30 106,366 ASH Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. “REVIEWED” CASH FLOWS FROM FINANCING ACTIVITIES Finance costs paid (400,734) (441,309) (373,568) (439,970) Dividend (39,198) (48,997) (39,198) (48,997) 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 (48,495753,488) 59,181 (753,488) Cash paid for liabilities under finance lease agreement (418) (1,157,903417) (58,011418) (1,148,844417) Increase (decrease) in Cash received from short-term loans 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 parties party - 306,000 - 152,060 306,000 Cash paid for short-term loan a related party (112,99054,100) Proceed - (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 from financial institutions 1,797,915 1,937,464 1,024,244 1,727,977 Repayment of 247,212 1,431,507 247,212 1,431,507 Cash paid for long-term loans from financial institutions (1,514,427490,695) (1,493,4901,019,439) (1,377,291490,695) (1,378,7101,019,439) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures - Interest paid (1,606,300) - (1,606,300) Transaction cost from issue of debenture - (13,998) - (13,998) Repayment of finance lease liabilities (13,57355,573) (24,10250,672) (12,77155,573) (21,27250,672) Net cash provided by (used in) financing activities (218,512275,278) (694,135167,509) (684,535329,378) (888,604167,509) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase (decrease) in cash and cash equivalents (166,4182,347 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) (17,586) (135,078) 15,222 Cash and cash equivalents as consisted of : Cash on hand 837 447 837 447 Cash 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967bank 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 Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand November 14May 9, 2018 2022 “UNAUDITED” “REVIEWED” 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, 2018 31, 2017 30, 2018 2022 31, 2017 CURRENT ASSETS 2021 31, 2022 31, 2021 Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 163,135 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 63,982 94,264 607,676 575,568 Real estate projects under - - 38,500 38,500 Inventories 7 134,728 113,324 122,653 105,580 Property development 6 12,161,757 11,474,271 9,514,008 9,314,927 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 17 316,462 291,600 316,462 291,600 Short-term loans to related parties 4 - - 1,347,556 1,303,804 29,312 35,459 29,312 35,459 Other current financial assets 835 835 591 590 Other current assets 188,020 90,206 172,485 75,032 1,306 3,074 1,449 1,658 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 3,310,084 3,140,530 3,351,395 3,182,474 NON-CURRENT ASSETS Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments Other non-current financial assets 10 19,473 24,395 19,473 24,395 Investment in subsidiaries 8 11 - - 311,000 302,000 86,864 86,864 Investment properties 9 454,229 454,183 416,629 416,583 property 12 214,156 216,603 214,156 216,603 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 13 99,929 74,933 51,356 43,071 Right-of-use assets 14 8,869 8,891 8,869 8,891 Intangible assets 19,910 21,074 17,512 20,422 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 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 16 8,821 12,849 5,847 10,155 Other non-current assets 47,737 55,565 36,620 47,482 4,726 3,823 3,310 3,330 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 1,317,998 1,191,759 1,278,995 1,170,669 TOTAL ASSETS 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 4,628,082 4,332,289 4,630,390 4,353,143 Notes 30, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from to interim 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 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 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 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 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 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 statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these statements. “UNAUDITED” “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 14August 9, 2018 2019 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, 2018 2019 31, 2017 2018 30, 2018 2019 31, 2017 CURRENT ASSETS 2018 Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 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 - - 1,347,556 1,303,804 - - 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 188,020 90,206 172,485 75,032 4 8,311 11,816 8,213 11,861 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 3,757,480 3,905,545 3,681,200 3,829,346 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 201,650 229,029 193,402 229,029 Investments 8 10,000 9,242 10,000 9,242 Investment in subsidiaries 8 9 - - 311,000 302,000 71,864 71,864 Investment properties 9 454,229 454,183 416,629 416,583 property 10 191,047 194,086 191,047 194,086 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 11 102,629 106,705 102,597 106,698 Intangible assets 19,910 21,074 17,512 20,422 12 4,399 4,764 4,399 4,764 Witholding tax 12,671 11,178 12,577 10,989 Deferred tax assets 46,477 37,245 5,953 10,777 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 47,737 55,565 36,620 47,482 3,423 4,012 3,224 4,012 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 339,585 344,082 409,402 414,029 TOTAL ASSETS 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 4,097,065 4,249,627 4,090,602 4,243,375 Notes 30, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from to interim 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 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 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 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 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 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 statements form an integral part of real eatate under development cost during the period 227,818 220,181 207,635 226,967these 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 14August 9, 2018 2017 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, 2018 2017 31, 2017 2016 30, 2018 2017 31, 2017 CURRENT ASSETS 2016 Cash and cash equivalents 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other receivables 5 63,982 94,264 607,676 575,568 Real estate projects under development 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 17 316,462 291,600 316,462 291,600 34,475 13,240 32,683 10,782 Short-term loans investments 000 000 000 000 Short-term loan to related parties 4 - - 1,347,556 1,303,804 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 188,020 90,206 172,485 75,032 4 11,059 20,336 15,394 23,221 Total current assets 12,855,604 12,242,141 12,037,858 11,775,679 4,612,846 4,730,533 4,596,981 4,714,552 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 7 201,650 229,029 193,402 229,029 Investments 8 8,260 8,223 8,260 8,223 Investment in subsidiaries 8 9 - - 311,000 302,000 11,864 11,864 Investment properties 9 454,229 454,183 416,629 416,583 property 10 209,210 214,237 209,210 214,237 Property, plant and equipment 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 11 111,754 123,737 110,970 122,438 Intangible assets 19,910 21,074 17,512 20,422 12 6,008 4,930 6,008 4,930 Witholding tax 8,752 6,756 8,390 6,457 Deferred tax assets 46,477 37,245 5,953 10,777 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 47,737 55,565 36,620 47,482 4,131 4,091 4,131 4,092 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 353,613 366,543 362,610 375,089 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 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 Separate Financial Statements Separate Financial Statements As at September June As at December As at September June As at December Notes Note 30, 2018 2017 31, 2017 2016 30, 2018 2017 31, 2017 2016 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 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 Separate Financial Statements Separate Financial Statements As at September June As at December As at September June As at December Notes 30, 2018 2017 31, 2017 2016 30, 2018 2017 31, 2017 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised 2016 Share capital Authorized share capital 1,200,000 1,200,000 1,200,000 1,200,000 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 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS 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 - legal reserve 80,874 80,874 80,874 80,874 68,050 68,050 68,050 68,050 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 581,044 574,461 578,860 570,037 Other components 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 equity - - - - 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 Shareholders' Total equity of the parent company 16,987 45,424 41,591 47,879 attributable to company's shareholders 2,471,908 2,465,325 2,469,724 2,460,901 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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 16,987 45,424 41,591 47,879 1,268 33,452 2,232 34,592 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 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) 15 0.02 0.05 0.04 0.05 Consolidated Separate Financial Statements Financial Statements 0.001 0.027 0.001 0.028 Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale to interim financial statements form an integral part of real estate 3,019,231 3,595,082 2,444,840 2,923,309 Interest these statements. Sales 704,448 784,003 704,448 784,003 Rental income 1,786 3,704 57,236 61,823 Reversal of provision for litigation 12 - 11,500 - 11,500 and service 10,144 10,622 8,275 8,437 Other income 79,327 72,658 102,895 55,955 4 4,855 9,112 6,357 10,285 Total income 3,100,344 3,682,944 2,604,971 3,052,587 EXPENSES 4 Revenues 719,447 803,737 719,080 802,725 XPENSES Cost of sale of real estate 1,895,001 2,406,915 1,508,803 1,970,049 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 392,687 408,882 322,037 332,809 Special Business Tax and tranferred fee 115,505 139,274 93,650 113,612 88,198 91,158 88,198 91,158 Administrative expenses 403,439 405,865 317,824 325,687 4 87,551 89,533 87,344 88,461 Management benefit expenses 4 15,899 15,209 15,899 15,209 E Finance costs 168,262 192,142 167,929 195,033 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 2,974,894 3,553,078 2,410,243 2,937,190 11,156 27,317 13,396 29,604 Tax expenses (income) 20 4,573 6,124 4,573 6,445 Profit (loss) before 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 expense 125,450 129,866 194,728 115,397 Income tax expense 38,591 39,515 44,358 30,319 PROFIT 16 - (LOSS331) FOR THE PERIOD 86,859 90,351 150,370 85,078 Other - (325) Items that may be reclassified subsequently to profit or loss - - - - Total 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 6,583 20,862 8,823 22,834 Profit (loss) attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 6,583 21,193 8,823 23,159 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 6,583 21,193 8,823 23,159 Total comprehensive income attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 6,583 20,862 8,823 22,834 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 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) 15 0.09 0.09 0.15 0.09 0.005 0.017 0.007 0.019 Notes to interim financial statements form an integral part of these statements. - 7 - “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained Earnings earnings Other Total interests Note Paidpaid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance legal reserve of equity Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,593,352 3,314,466 Dividend 1,245,284 577,530 68,050 574,461 - 2,465,325 - 2,465,325 Comprehensive income for the period - - - (48,997) (48,997) Profit for the period - - - 90,351 90,351 6,583 - 6,583 - 6,583 Other comprehensive income for the period - - Total comprehensive income for the period - - - 90,351 90,351 Balance - - 6,583 - - - 6,583 - - - 6,583 Ending balance as at September June 30, 2017 980,000 669,210 71,904 1,634,706 3,355,820 For the nine-month period ended September 30, 2018 Balance 1,245,284 577,530 68,050 581,044 - 2,471,908 - 2,471,908 Beginning balance as at January 1, 2018 980,000 669,210 80,874 1,610,388 3,340,472 2016 1,185,985 577,530 66,750 621,256 - 2,451,521 - 2,451,521 Dividend Comprehensive income for the period Profit for the period 13 paid - - - (6,589) - (6,589) - (6,589) Stock dividend 59,299 - - (59,299) - - - - - - (39,198) 86,859 (39,198) 86,859 Total comprehensive income for the period - - - 86,859 86,859 Balance 20,862 - 20,862 - 20,862 Ending balance as at September June 30, 2018 980,000 669,210 80,874 1,658,049 3,388,133 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. “UNAUDITED” “REVIEWED” Separate Financial Statements Retained Earnings earnings Other Total Note Paidissued and share capital Appropriated Unappropriated components paid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance legal reserve of equity Beginning balance as at January 1, 2017 980,000 669,210 71,904 1,090,908 2,812,022 Dividend 1,245,284 577,530 Comprehensive income Profit for the period Profit - - 68,050 - 570,037 8,823 - - 2,460,901 8,823 Other comprehensive income for the period - - - - - - (48,997) 85,078 (48,997) 85,078 Total comprehensive income for the period - - - 85,078 85,078 Balance 8,823 - 8,823 Ending balance as at September June 30, 2017 980,000 669,210 71,904 1,126,989 2,848,103 For the nine-month period ended September 30, 2018 Balance 1,245,284 577,530 68,050 578,860 - 2,469,724 Beginning balance as at January 1, 2018 980,000 669,210 80,874 1,201,102 2,931,186 2016 1,185,985 577,530 66,750 611,864 - 2,442,129 Dividend Comprehensive income for the period Profit for the period 13 - - - paid - - - (39,1986,589) 150,370 - (39,1986,589) 150,370 Stock dividend 59,299 - - (59,299) - - Total comprehensive income for the period - - - 150,370 150,370 Balance 22,834 - 22,834 Ending balance as at September June 30, 2018 980,000 669,210 80,874 1,312,274 3,042,358 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 Financial Statements 2018 2017 2018 2017 0000 0000 0000 0000 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 6,583 21,193 8,823 23,159 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 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 63,576 89,491 65,203 89,329 Decrease (increase) in operating assets and liabilities Trade accounts receivable (increase152) decrease Trade and other receivables 30,545 (19,7184,441) 23,555 - (12,9734,404) Real estate projects under Inventories 107,912 (284,634) 107,912 (284,634) Property development costs 148,072 371,990 148,072 372,178 Land held for development (248,547) 405,135 209,530 492,788 Deposits for land (183,04287,438) (37,210628) (206,04287,438) (37,210628) Deposit from purchase land - (54,918) - (54,918) Other current assets 2,742 (94,53913,703) 1,140 (27,182) (97,412) (21,89913,687) Other non-current assets 7,828 (2,86740) 10,862 1,295 (4,23140) Trade and other payables (34,354) 44,368 1,041 69,474 Construction retentions (12,096) (20,012) (14,664) (9,722) 1,295 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements Financial Statements C C 2018 2017 2018 2017 Unrecognised income on installments due 318,450 80,246 318,525 79,180 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 11,020 1,775 9,033 424 Utilities guarantee (22424) (3,483209) (2249) (3,483209) Other non-current liabilities Cash receivable (22,074paid) 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) (6,79011,530) (18,3237,435) (3,90411,457) Cash from operating activities 110,485 762,652 595,905 827,086 Income tax Xxxx paid for provision for compensation for housing estate juristic persons (55,023342) (69,73511,704) (46,478342) (29,62611,704) Net cash provided by (used in) operating activities 55,462 692,917 549,427 797,460 ASH 192,217 63,787 190,883 66,656 CASH FLOWS FROM INVESTING ACTIVITIES Interest Cash paid for short-term loan to related parties - - - (37,000) Cash 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 from short-term loan to related parties - - 2,000 - Increase in short-term loans from related parties - - investments (20,752) 121,886 Investment in subsidiaries increaseed the capital - - (9,000) - Purchase of investment properties (4637) (76564) (4637) (76564) Purchase Proceeds from sales of equipments fixed assets - 350 - 350 Cash paid for purchase of fixed assets (30,0431,741) (20,9403,388) (6,6291,741) (18,1923,388) Received from disposal of equipment 266 2,666 33 683 Purchase Cash paid for purchase of intangible assets (2,7101,695) (1,779398) (8411,695) (1,495398) Net cash provided by (used in) investing activities (3,368) (16,368) 30 106,366 ASH Notes to interim financial statements form an integral part of these statements. “REVIEWED” CASH 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 In Thousand Baht Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 0000 loans from the financial institutions (48,495753,488) 257,536 (753,488) 257,536 Cash paid for liabilities under finance lease agreement (417) (1,157,903729) (58,011417) (1,148,844729) Increase (decrease) in Xxxx received from short-term loans loan a related party 306,000 - 306,000 - Xxxx received from related parties - - 152,060 short-term loan from the director 74,000 20,000 74,000 20,000 Cash paid for short-term loan from the directors (112,990155,000) Proceed (84,000) (155,000) (49,000) Xxxx received from long-term loans from financial institutions 1,797,915 1,937,464 1,024,244 1,727,977 Repayment of 1,431,507 229,169 1,431,507 229,169 Cash paid for long-term loans from financial institutions (1,514,4271,019,439) (1,493,490422,882) (1,377,2911,019,439) (1,378,710422,882) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures Interest paid (50,672) (64,932) (50,672) (64,934) Dividend paid - (1,606,3006,589) - (1,606,300) Transaction cost from issue of debenture - (13,998) - (13,998) Repayment of finance lease liabilities (13,573) (24,102) (12,771) (21,2726,589) Net cash provided by (used in) financing activities (218,512167,509) (694,13572,427) (684,535167,509) (888,60437,429) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase (decrease) in cash and cash equivalents 21,235 (166,41812,140) 21,901 (17,58611,273) (135,078Cash 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) 15,222 Cash and cash equivalents as consisted of : Cash on hand 000 000 000 542 Cash 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 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 real eatate under development cost during the period 227,818 220,181 207,635 226,967these statements.