Common use of Financial Statements Financial Statements Clause in Contracts

Financial Statements Financial Statements. As at March As at December As at March As at December Notes 31, 2024 31, 2023 31, 2024 31, 2023 CURRENT LIABILITIES Bank overdrafts and short-term loans from financial institutions 15.1 32,432 35,730 32,432 35,730 Trade and other current payables 536,517 848,562 636,520 698,975 Short-term loans from other persons 15.2 15,000 15,000 15,000 15,000 Current portion of long-term loans from financial institutions 15.4 1,084,157 674,117 387,136 31,800 Current portion of long-term loans from other company 15.6 35,000 77,000 35,000 77,000 Current portion of debentures 15.8 500,951 1,926,005 500,951 1,926,005 Current portion of lease liabilities 15.7 6,255 6,104 2,479 2,449 Short-term loans from related parties 5 - - 672,381 726,783 Construction retentions 240,992 234,552 127,854 129,244 Unearned revenue from construction 35,327 - - - Unrecognised income on installments due 174,153 151,667 3,874 3,088 Income tax payable 586 433 - - Other current liabilities 129,977 132,141 70,195 69,668 Total current liabilities 2,791,347 4,101,311 2,483,822 3,715,742 NON-CURRENT LIABILITIES Long-term loans from other persons 15.3 1,398,764 1,396,834 1,288,764 1,286,834 Long-term loans from financial institutions 15.4 1,297,272 119,746 1,296,826 119,300 Long-term loans from other company 15.6 65,000 65,000 65,000 65,000 Long-term loans from related party 5 - - 9,700 9,700 Debentures 15.8 4,339,161 4,636,004 4,339,161 4,636,004 Lease liabilities 15.7 308,064 309,692 4,313 4,944 Utilities guarantees 800 800 800 800 Provisions for employee benefit 109,797 107,294 90,588 88,559 Other non-current liabilities 64,501 66,554 27,381 26,191 Total non-current liabilities 7,583,359 6,701,924 7,122,533 6,237,332 TOTAL LIABILITIES 10,374,706 10,803,235 9,606,355 9,953,074 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate

Financial Statements Financial Statements. As at March As at December As at March As at December Notes 31, 2024 2020 31, 2023 2019 31, 2024 2020 31, 2023 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from financial institutions 15.1 32,432 35,730 32,432 35,730 14 351,059 270,180 351,059 270,180 Trade and other current payables 536,517 848,562 636,520 698,975 Short-term loans from other persons 15.2 15,000 15,000 15,000 15,000 907,823 931,301 1,165,166 1,201,496 Current portion of long-term loans from financial institutions 15.4 1,084,157 674,117 387,136 31,800 14 1,136,461 1,058,557 823,271 765,993 Current portion of long-term loans from other company 15.6 35,000 77,000 35,000 77,000 Current portion of debentures 15.8 500,951 1,926,005 500,951 1,926,005 Current portion of lease liabilities 15.7 6,255 6,104 2,479 2,449 14 21,845 10,049 19,267 9,566 Short-term loans from related parties 5 6 - - 672,381 726,783 34,422 19,545 Construction retentions 240,992 234,552 127,854 129,244 Unearned revenue from construction 35,327 - - - 182,664 172,070 151,604 141,791 Unrecognised income on installments due 174,153 151,667 3,874 3,088 1,104,637 1,032,550 1,049,407 1,028,705 Income tax payable 586 433 - - - - Other current liabilities 129,977 132,141 70,195 69,668 88,411 109,914 38,650 25,553 Total current liabilities 2,791,347 4,101,311 2,483,822 3,715,742 6,679,115 6,770,336 6,519,061 6,648,544 NON-CURRENT LIABILITIES Long-term loans from other persons 15.3 1,398,764 1,396,834 1,288,764 1,286,834 Long-term loans from financial institutions 15.4 1,297,272 119,746 1,296,826 119,300 14 1,146,831 1,171,794 740,446 646,983 Long-term loans from other company 15.6 65,000 65,000 65,000 65,000 14 125,000 480,000 125,000 480,000 Long-term loans from related party 5 6 - - 9,700 9,700 Debentures 15.8 4,339,161 4,636,004 4,339,161 4,636,004 15 4,942,422 3,128,980 4,942,422 3,128,980 Lease liabilities 15.7 308,064 309,692 4,313 4,944 14 488,622 12,897 482,108 10,408 Utilities guarantees 800 800 800 800 Provisions 1,535 680 1,535 680 Provision for employee benefit 109,797 107,294 90,588 88,559 106,738 103,946 48,706 47,065 Long-term lease agreement obligation - 112,923 - 112,924 Other non-current liabilities 64,501 66,554 27,381 26,191 89,295 94,598 67,119 65,585 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements In Thousand Baht Separate Financial Statements As at March As at December As at March As at December Notes 31, 2020 31, 2019 31, 2020 31, 2019 SHAREHOLDERS' EQUITY 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 SUBORDINATED PERPETUAL 669,210 669,210 669,210 669,210 DEBENTURES 300,000 300,000 300,000 300,000 RETAINED EARNINGS Appropriated Legal reserve 88,293 88,293 88,293 88,293 Unappropriated 1,291,406 1,306,548 1,112,501 1,115,626 OTHER COMPONENTS OF SHAREHOLDERS'EQUITY 59,117 59,117 59,117 59,117 TOTAL SHAREHOLDERS' EQUITY 3,388,026 3,403,168 3,209,121 3,212,246 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 16,967,584 15,279,322 16,145,218 14,363,115 Notes to interim financial statements form an integral part of these statements. Consolidated Separate Financial Statements Financial Statements Notes 2020 2019 2020 2019 INCOME Revenue from sale of real estate 6 877,085 814,406 606,312 565,872 Other income 33,974 26,739 52,072 31,320 Total income 911,059 841,145 658,384 597,192 EXPENSES Cost of sale of real estate 6 646,738 524,017 456,910 352,723 Distribution costs 89,075 107,042 66,133 68,776 Administrative expenses 99,160 118,405 72,048 82,728 Total expenses 834,973 749,464 595,091 504,227 Profit (loss) from operating activities 76,086 91,681 63,293 92,965 Finance income 6 - - 18,989 18,351 Finance costs 71,860 73,911 68,959 71,149 Profit (loss) before income tax expense 4,226 17,770 13,323 40,167 Tax expense (income) 3,292 6,534 2,533 8,239 PROFIT (LOSS) FOR THE PERIOD 934 11,236 10,790 31,928 OTHER COMPREHENSIVE INCOME (LOSS) - - - - TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD 934 11,236 10,790 31,928 Notes to interim financial statements form an integral part of these statements. Consolidated Separate Financial Statements Financial Statements Notes 2020 2019 2020 2019 Profit (loss) attributable to Parent company 934 11,236 10,790 31,928 Non-controlling interests - - - - 934 11,236 10,790 31,928 Total comprehensive income (expense) attributable to Parent company 934 11,236 10,790 31,928 Non-controlling interests - - - - 934 11,236 10,790 31,928 Basic earning (loss) per share Earnings per share (Baht per share) 17 0.0010 0.0115 0.0110 0.0326 Notes to interim financial statements form an integral part of these statements. STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2020 In Thousand Baht Consolidated Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Notes Share Capital Shares debentures Surplus from asset revaluation-land, net Equity Beginning balance as at January 1, 2020 980,000 669,210 300,000 88,293 1,306,548 59,117 3,403,168 Effects due to the adoption of new TFRS 5 - - - - (11,600) - (11,600) Balance after adjusted Comprehensive income for the period 980,000 669,210 300,000 88,293 1,294,948 59,117 3,391,568 Profit (loss) for the period - - - - 934 - 934 Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - 934 - 934 Interest payment on subordinated perpetual debentures - - - - (4,476) - (4,476) Balance as at March 31, 2020 980,000 669,210 300,000 88,293 1,291,406 59,117 3,388,026 Beginning balance as at January 1, 2019 980,000 669,210 - 88,294 1,594,556 - 3,332,060 Profit (loss) for the period - - - - 11,236 - 11,236 Other comprehensive income for the period - - - - - - - Comprehensive income for the period Total comprehensive income for the period - - - - 11,236 - 11,236 Balance as at March 31, 2019 980,000 669,210 - 88,294 1,605,792 - 3,343,296 Notes to interim financial statements form an integral part of these statements. STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2020 In Thousand Baht Separate Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Notes Share Capital Shares debentures Surplus from asset revaluation-land, net Equity Beginning balance as at January 1, 2020 980,000 669,210 300,000 88,293 1,115,626 59,117 3,212,246 Effects due to the adoption of new TFRS 5 - - - - (9,439) - (9,439) Balance after adjusted Comprehensive income for the period 980,000 669,210 300,000 88,293 1,106,187 59,117 3,202,807 Profit (loss) for the period - - - - 10,790 - 10,790 Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - 10,790 - 10,790 Interest payment on subordinated perpetual debentures - - - - (4,476) - (4,476) Balance as at March 31, 2020 980,000 669,210 300,000 88,293 1,112,501 59,117 3,209,121 Beginning balance as at January 1, 2019 980,000 669,210 - 88,294 1,302,776 - 3,040,280 Profit (loss) for the period - - - - 31,928 - 31,928 Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - 31,928 - 31,928 Balance as at March 31, 2019 980,000 669,210 - 88,294 1,334,704 - 3,072,208 Comprehensive income for the period Notes to interim financial statements form an integral part of these statements. STATEMENT OF CASH FLOWS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2020 In Thousand Baht Consolidated Separate Financial Statements Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 934 11,236 10,790 31,928 provided by (used in) from operating activities Doubtful debt (Reverse) (4,752) 276 (4,483) 276 Depreciation and amortization 12,775 13,499 10,771 11,163 Loss (gain) on disposal of equipment - (1,565) - (126) Amortisation of premium on debentures 7,836 2,597 7,836 2,597 Homecare warranty and housing estate juristic person expenses 2,163 2,759 1,257 1,825 Provision for employee benefit 2,792 1,626 1,641 762 Gain from written off construction retentions - (9,079) - (6,115) Finance cost 71,860 73,911 68,959 71,149 Income tax expense (revenue) 3,292 6,534 2,533 8,239 Interest income (212) (348) (19,201) (18,698) Profit (loss) from operations before changes in operating assets and liabilities 96,688 101,446 80,103 103,000 Decrease (increase) in operating assets and liabilities Trade and other current receivables 12,781 (259) 5,814 (28,874) Real estate projects under development 374,475 119,351 262,648 187,038 Deposits for land (4,000) (29,000) (4,000) (29,000) Other current assets (123) (48,393) - (51,354) Other non-current liabilities 7,583,359 6,701,924 7,122,533 6,237,332 TOTAL LIABILITIES 10,374,706 10,803,235 9,606,355 9,953,074 assets 2,614 (5,672) 2,588 (1,755) Trade and other current payables (36,923) 54,909 (47,894) 18,561 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated SeparateSeparate 2020 2019 2020 2019 Construction retentions 10,594 2,629 9,813 859 Unrecognised income on installments due 72,087 122,508 20,702 122,380 Other current liabilities (21,931) (641) 12,880 (1,433) Utilities guarantee 000 000 000 137 Other non-current liabilities (7,038) (9,827) 495 (5,893) Cash from operating activities 500,079 307,188 344,004 313,666 Income tax paid (9,702) (8,687) (6,662) (5,948) Net cash provided by (used in) operating activities 490,377 298,501 337,342 307,718 ASH FLOWS FROM INVESTING ACTIVITIES Interest received 212 348 212 348 (Increase) decrease in deposits at banks used as collateral 6,567 (3,942) 8,599 (7,050) (Increase) in short-term loans from related parties - - (29,026) (90,557) Decrease in short-term loans from related parties - - 44,657 - Investment in subsidiary - - (2,998) - Investment properties (14) - (14) - Purchase of equipment (24) (4,650) (24) (3,843) Received from disposal of equipment - 1,565 - 126 Purchase of intangible assets - (70) - (70) Leasehold rights (106,288) (46,997) (106,288) (46,997) Net cash provided by (used in) investing activities (99,547) (53,746) (84,882) (148,043) ASH FLOWS FROM FINANCING ACTIVITIES Finance costs paid (167,806) (134,958) (158,372) (121,968) Increase (decrease) in bank overdrafts and short-term loans from financial institutions 80,879 (13,971) 80,879 (8,151) Increase in short-term loans from related parties - - 14,877 - Proceed from long-term loans from financial institutions 453,110 208,625 399,425 127,471 Repayment of long-term loans from financial institutions (400,169) (485,472) (248,684) (348,944) Procesds from long-term loans from other company - 200,000 - 200,000 Proceeds from debentures 1,835,500 - 1,835,500 - Repayment of debentures (654,500) - (654,500) - Financial Statements Financial Statements C C Notes to interim financial statements form an integral part of these statements. In Thousand Baht Separate Financial Statements Financial Statements 2020 2019 2020 2019 Transaction cost from issue of debenture (29,894) - (29,894) - Repayment of lease liabilities (5,856) (22,468) (5,113) (22,182) Proceeds from issuance of subordinated perpetual debentures (4,476) - (4,476) - Net cash provided by (used in) financing activities 1,106,788 (248,244) 1,229,642 (173,774) Net increase (decrease) in cash and cash equivalents 1,497,618 (3,489) 1,482,102 (14,099) Cash and cash equivalents as at January 1, 65,928 85,918 42,486 60,966 Cash and cash equivalents as at March 31, 1,563,546 82,429 1,524,588 46,867 Non-cash transactions Depreciation expense which include real estate project under development 1,875 7,229 769 6,309 Borrowing costs which is included as a part of real eatate under development cost 85,932 68,643 78,404 49,296 Expenses under contracts which is included as a part of leasehold rights 3,857 6,392 3,857 6,392 Borrowing costs which is included as a part of construction in process of leasehold rights 22,262 7,867 22,262 7,867 Transfer long-term loans from other parties to trand and other payables - 35,473 - 35,473 Transfer long-term loans from other parties to unrecognised income on installments due - 76,020 - 76,020 Notes to interim financial statements form an integral part of these statements.

Financial Statements Financial Statements. As at March September As at December As at March September As at December Notes 30, 2021 31, 2024 2020 30, 2021 31, 2023 31, 2024 31, 2023 2020 CURRENT LIABILITIES Bank overdrafts and short-term loans from financial institutions 15.1 32,432 35,730 32,432 35,730 14 275,062 427,092 275,062 427,092 Trade and other current payables 536,517 848,562 636,520 698,975 596,890 734,216 771,014 880,407 Short-term loans from other persons 15.2 15,000 15,000 15,000 15,000 14 25,000 - 25,000 - Current portion of long-term loans from financial institutions 15.4 1,084,157 674,117 387,136 31,800 14 537,691 592,029 413,163 335,041 Current portion of long-term loans from other company 15.6 35,000 77,000 35,000 77,000 14 365,938 360,938 365,938 360,938 Current portion of debentures 15.8 500,951 1,926,005 500,951 1,926,005 15 3,536,956 2,838,655 3,536,956 2,838,655 Current portion of lease liabilities 15.7 6,255 6,104 2,479 2,449 14 13,026 32,032 11,767 29,299 Short-term loans from related parties 5 - - 672,381 726,783 139,549 20,122 Construction retentions 240,992 234,552 127,854 129,244 206,862 191,628 159,594 157,355 Unearned revenue from construction 35,327 - 58,277 39,715 - - Unrecognised income on installments due 174,153 151,667 3,874 3,088 111,618 204,326 101,037 184,154 Income tax payable 586 433 7,616 5,161 - - 4,030 Other current liabilities 129,977 132,141 70,195 69,668 105,327 93,102 51,465 37,858 Total current liabilities 2,791,347 4,101,311 2,483,822 3,715,742 5,840,263 5,518,894 5,850,545 5,274,951 NON-CURRENT LIABILITIES Long-term loans from other persons 15.3 1,398,764 1,396,834 1,288,764 1,286,834 Long-term loans from financial institutions 15.4 1,297,272 119,746 1,296,826 119,300 14 218,186 587,191 - 383,005 Long-term loans from other company 15.6 65,000 65,000 65,000 65,000 14 202,812 112,812 202,812 112,812 Long-term loans from related party 5 - - 9,700 9,700 Debentures 15.8 4,339,161 4,636,004 4,339,161 4,636,004 15 3,919,878 2,670,040 3,919,878 2,670,040 Lease liabilities 15.7 308,064 309,692 4,313 4,944 14 471,174 477,151 469,087 472,650 Utilities guarantees 800 800 800 800 1,214 2,006 1,214 2,006 Provisions for employee benefit 109,797 107,294 90,588 88,559 120,346 116,140 109,338 106,188 Other non-current provisions 15,000 15,000 15,000 15,000 Other non-current liabilities 64,501 66,554 27,381 26,191 67,988 70,879 41,605 48,332 Total non-current liabilities 7,583,359 6,701,924 7,122,533 6,237,332 5,016,598 4,051,219 4,768,634 3,819,733 TOTAL LIABILITIES 10,374,706 10,803,235 9,606,355 9,953,074 10,856,861 9,570,113 10,619,179 9,094,684 Notes to interim financial statements form an integral part of these statements. Notes 30, 2021 31, 2020 30, 2021 31, 2020 SHAREHOLDERS' EQUITY Authorised share capital 1,200,000,000 ordinary shares of Baht 1 each 1,200,000 1,200,000 1,200,000 1,200,000 Issued and paid-up share capital 980,000,000 ordinary shares of Baht 1 each 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS Appropriated Legal reserve 97,593 97,593 97,593 97,593 Unappropriated 1,239,114 1,467,992 957,775 1,227,240 Subordinated perpetual debentures 300,000 300,000 300,000 300,000 Other components of shareholders' equity 59,117 59,117 59,117 59,117 TOTAL SHAREHOLDERS' EQUITY 3,345,034 3,573,912 3,063,695 3,333,160 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14,201,895 13,144,025 13,682,874 12,427,844 Notes to interim financial statements form an integral part of these statements. Consolidated Separate Financial Statements Financial Statements Notes 0000 0000 0000 2020 INCOME Revenue from sale of real estate 5 566,784 2,974,571 328,152 2,585,812 Revenue from construction service 105,368 - - - Other income 34,866 32,800 55,892 65,484 Total income 707,018 3,007,371 384,044 2,651,296 EXPENSES Cost of sale of real estate 5 455,676 2,204,835 280,164 1,933,610 Cost of construction service 97,484 - - - Distribution costs 59,660 103,846 44,937 82,793 Administrative expenses 94,354 112,856 52,423 92,270 Total expenses 707,174 2,421,537 377,524 2,108,673 Profit (loss) from operating activities (156) 585,834 6,520 542,623 Finance income 5 - - 17,920 18,552 Finance costs 101,497 45,318 100,560 43,734 Profit (loss) before income tax expense (101,653) 540,516 (76,120) 517,441 Income tax (income) expense 590 125,707 239 106,748 PROFIT (LOSS) FOR THE PERIOD (102,243) 414,809 (76,359) 410,693 Other comprehensive income (loss) for the period - - - - TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD (102,243) 414,809 (76,359) 410,693 Notes to interim financial statements form an integral part of these statements. Consolidated Separate Financial Statements Financial Statements Notes 0000 0000 0000 2020 Profit (loss) attributable to Parent company Non-controlling interests (102,243) - 414,809 - (76,359) - 410,693 - (102,243) 414,809 (76,359) 410,693 Total comprehensive income (loss) attributable to Parent company Non-controlling interests (102,243) - 414,809 - (76,359) - 410,693 - (102,243) 414,809 (76,359) 410,693 Basic earning (loss) per share Earnings (loss) per share (Baht per share) 18 (0.109) 0.419 (0.083) 0.414 Notes to interim financial statements form an integral part of these statements. Consolidated Separate Financial Statements Financial Statements Notes 0000 0000 0000 2020 INCOME Revenue from sale of real estate 5 1,913,945 4,900,994 1,028,638 3,900,517 Revenue from construction service 428,317 4,716 - - Other income 63,265 82,694 138,187 125,644 Total income 2,405,527 4,988,404 1,166,825 4,026,161 EXPENSES Cost of sale of real estate 5 1,463,814 3,656,742 836,733 2,951,589 Cost of construction service 393,729 4,716 - - Distribution costs 181,144 278,280 132,619 211,370 Administrative expenses 277,257 323,635 226,149 247,851 Total expenses 2,315,944 4,263,373 1,195,501 3,410,810 Profit (loss) from operating activities 89,583 725,031 (28,676) 615,351 Finance income 5 - - 54,837 55,331 Finance costs 259,044 165,717 254,400 158,739 Profit (loss) before income tax expense (169,461) 559,314 (228,239) 511,943 Income tax (income) expense 16,554 128,170 (1,637) 102,477 PROFIT (LOSS) FOR THE PERIOD (186,015) 431,144 (226,602) 409,466 Other comprehensive income (loss) for the period - - - - TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD (186,015) 431,144 (226,602) 409,466 Notes to interim financial statements form an integral part of these statements. Consolidated Separate Financial Statements Financial Statements Notes 0000 0000 0000 2020 Profit (loss) attributable to Parent company (186,015) 431,144 (226,602) 409,466 Non-controlling interests - - - - (186,015) 431,144 (226,602) 409,466 Total comprehensive income (loss) attributable to Parent company (186,015) 431,144 (226,602) 409,466 Non-controlling interests - - - - (186,015) 431,144 (226,602) 409,466 Basic earning (loss) per share Earnings (loss) per share (Baht per share) 18 (0.204) 0.426 (0.245) 0.404 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated SeparateFinancial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Notes Share Capital Shares debentures Surplus from asset revaluation-land, net Equity Beginning balance as at January 1, 2021 980,000 669,210 300,000 97,593 1,467,992 59,117 3,573,912 Dividend paid 16 - - - - (29,400) - (29,400) Profit (loss) for the period - - - - (186,015) - (186,015) Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - (186,015) - (186,015) Interest payment on subordinated perpetual debentures - - - - (13,463) - (13,463) Balance as at September 30, 2021 980,000 669,210 300,000 97,593 1,239,114 59,117 3,345,034 Beginning balance as at January 1, 2020 980,000 669,210 300,000 88,293 1,294,948 59,117 3,391,568 Profit (loss) for the period - - - - 431,144 - 431,144 Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - 431,144 - 431,144 Interest payment on subordinated perpetual debentures - - - - (13,476) - (13,476) Balance as at September 30, 2020 980,000 669,210 300,000 88,293 1,712,616 59,117 3,809,236 Comprehensive income for the period Comprehensive income for the period Notes to interim financial statements form an integral part of these statements. In Thousand Baht Separate Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Notes Share Capital Shares debentures Surplus from asset revaluation-land, net Equity Beginning balance as at January 1, 2021 980,000 669,210 300,000 97,593 1,227,240 59,117 3,333,160 Dividend paid 16 - - - - (29,400) - (29,400) Profit (loss) for the period - - - - (226,602) - (226,602) Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - (226,602) - (226,602) Interest payment on subordinated perpetual debentures - - - - (13,463) - (13,463) Balance as at September 30, 2021 980,000 669,210 300,000 97,593 957,775 59,117 3,063,695 Beginning balance as at January 1, 2020 980,000 669,210 300,000 88,293 1,106,187 59,117 3,202,807 Profit (loss) for the period - - - - 409,466 - 409,466 Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - 409,466 - 409,466 Interest payment on subordinated perpetual debentures - - - - (13,476) - (13,476) Balance as at September 30, 2020 980,000 669,210 300,000 88,293 1,502,177 59,117 3,598,797 Comprehensive income for the period Comprehensive income for the period Notes to interim financial statements form an integral part of these statements. Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2020 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period (186,015) 431,144 (226,602) 409,466 Adjustment to reconcile profit (loss) to be net cash received (paid) Adjusted income tax (income) expenses 16,554 128,170 (1,637) 102,477 Adjusted finance costs 259,044 165,717 254,400 158,739 Adjusted trade and other current receivables (increase) decrease (4,581) 13,132 30,357 (37,944) Adjusted unbilled revenue from construction service increase (decrease) (38,302) - - - Adjusted retention receivables from constructions increase (decrease) (23,749) (6,226) - - Adjusted real estate projects under development (increase) decrease 930,016 2,746,381 640,215 2,282,597 Adjusted deposits for land (increase) decrease (11,000) (33,590) (11,000) 103,610 Adjusted other current assets (increase) decrease 251 243 - - Adjusted other non-current assets (increase) decrease (919) 19,879 (945) 7,017 Adjusted trade and other current payables increase (decrease) (172,365) (159,525) (152,553) (167,465) Adjusted construction retentions increase (decrease) 15,234 16,147 2,239 14,285 Adjusted unearned revenue from construction increase (decrease) 18,562 - - - Adjusted unrecognised income on installments due increase (decrease) (92,708) (806,278) (83,117) (822,802) Adjusted other current liabilities increase (decrease) 8,926 (28,822) 11,667 7,214 Adjusted utilities guarantee increase (decrease) (792) 788 (792) 788 Adjusted other non-current liabilities increase (decrease) (5,513) (20,329) (7,724) (11,277) Depreciation and amortization 31,703 37,940 25,938 32,426 Adjusted expected credit loss (reverse) 2,186 1,459 11,669 246 Adjusted loss from decline in value of real estate projects under development (reverse) (4,590) - (4,590) - Adjusted on provisions for compensation for housing estate juristic persons (reverse) 5,970 9,007 2,986 4,925 Adjusted provisions for employee benefit obligations (reverse) 7,198 8,373 6,142 4,922 Adjusted provisions for non-current liabilities obligations (reverse) - 15,000 - 15,000 Notes to interim financial statements form an integral part of these statements. 0000 0000 0000 2020 Adjusted loss (gain) on disposal of equipment 2,630 (741) (28) (741) Adjusted loss from discount on rental expenses (303) 40 (106) 1 Net cash provided by (used in) operating activities 757,437 2,537,909 496,519 2,103,484 Interest income (1,327) (3,315) (56,142) (58,591) Cash paid for employee benefit obligations (2,992) - (2,992) - Income tax paid (39,979) (35,245) (15,468) (24,345) Net cash provided by (used in) operating activities 713,139 2,499,349 421,917 2,020,548 Cash paid for purchase of investment in subsidiaries - - (49,000) (2,000) Cash received from disposal of equipment 37 741 37 741 Cash paid for purchase of equipment (1,671) (1,625) (1,663) (1,610) Cash paid for purchase of Investment properties - (14) - (14) Proceed from short-term loans to related parties - - (354,124) (272,853) Repayment of short-term loans from related parties - - 398,658 282,176 Interest received 1,327 3,315 1,306 3,260 (Increase) decrease in deposits at banks used as collateral (1,586,824) 35,174 (1,598,381) 40,703 Increase in leasehold rights (11,523) (198,852) (11,523) (198,852) Net cash provided by (used in) investing activities (1,598,654) (161,261) (1,614,690) (148,449) Cash received from proceeds from debentures 3,102,800 2,835,500 3,102,800 2,835,500 Cash paid for repayment of debentures (1,141,297) (2,498,350) (1,141,297) (2,498,350) Cash paid for transaction cost from issue of debenture (53,389) (47,493) (53,389) (47,493) Cash received from short-term loans from related parties - - 129,377 14,877 Cash paid for repayment of short-term loans from related parties - - (9,950) (11,469) Cash received from long-term loans from financial institutions 90,762 1,078,117 26,243 860,236 Cash paid for repayment of long-term loans from financial institutions (514,105) (2,141,593) (331,126) (1,512,724) Cash received from long-term loans from other company 100,000 - 100,000 - Cash paid for repayment of long-term loans from other company (5,000) - (5,000) - Cash received from short-term loans from other persons 25,000 - 25,000 - Notes to interim financial statements form an integral part of these statements. 0000 0000 0000 2020 Increase (decrease) in bank overdrafts and short-term loans from financial institutions (152,030) 15,962 (152,030) 15,962 Cash paid for repayment of lease liabilities (39,115) (18,351) (27,359) (16,521) Finance costs paid (407,835) (542,692) (397,234) (513,672) Dividend paid (29,400) - (29,400) - Interest paid of subordinated perpetual debentures (13,512) (13,561) (13,512) (13,561) Net cash provided by (used in) financing activities 962,879 (1,332,461) 1,223,123 (887,215) Net increase (decrease) in cash and cash equivalents 77,364 1,005,627 30,350 984,884 Cash and cash equivalents as at January 1, 77,450 65,928 48,656 42,486 Cash and cash equivalents as at September 30, 154,814 1,071,555 79,006 1,027,370 Non-cash transactions Acqulsition of right-of-use assets under the lease agreement 9,680 492,576 8,501 485,842 Transfer property, plant and equipment to cost of real estate project under development - 11,800 - - Transfer deposits for land to real estate under development 34,000 - 34,000 - Depreciation expense which include real estate project under development 4,302 5,196 1,021 1,334 Borrowing cost which is included as a part of real estate under development cost during the period 156,372 254,845 151,845 235,492 Expenses under contracts which is included as a part of leasehold rights 14,793 13,938 14,793 13,938 Borrowing cost which is included a part of construction in process of leasehold rignts 70,936 71,071 70,936 71,071 Transfer unrecognised income on installments due to trade and other current payables - 21,042 - 21,042 Notes to interim financial statements form an integral part of these statements. AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO INTERIM FINANCIAL STATEMENTS‌‌

Financial Statements Financial Statements. As at March As at December As at March As at December Notes 31, 2024 2023 31, 2022 31, 2023 31, 2024 31, 2023 2022 CURRENT LIABILITIES Bank overdrafts and short-term loans from financial institutions 15.1 32,432 35,730 32,432 35,730 478,841 463,949 478,841 431,743 Trade and other current payables 536,517 848,562 636,520 698,975 669,334 531,127 709,842 672,480 Short-term loans from other persons 15.2 15,000 15,000 15,000 15,000 20,000 20,000 20,000 20,000 Current portion of long-term loans from financial institutions 15.4 1,084,157 674,117 387,136 31,800 426,832 461,118 88,597 136,733 Current portion of long-term loans from other company 15.6 35,000 77,000 35,000 77,000 17,750 17,750 17,750 17,750 Current portion of debentures 15.8 500,951 1,926,005 500,951 1,926,005 3,132,188 2,954,548 3,132,188 2,954,548 Current portion of lease liabilities 15.7 6,255 6,104 2,479 2,449 6,491 7,396 1,850 3,146 Short-term loans from related parties 5 - - 672,381 726,783 544,657 671,355 Short-term debentures 15.9 149,787 149,194 149,787 149,194 Construction retentions 240,992 234,552 127,854 129,244 Unearned revenue from construction 35,327 - - - 235,602 224,726 154,647 151,623 Unrecognised income on installments due 174,153 151,667 3,874 3,088 106,242 78,129 48,998 29,891 Income tax payable 586 433 17,923 17,622 - - Other current liabilities 129,977 132,141 70,195 69,668 176,891 170,496 63,160 58,261 Total current liabilities 2,791,347 4,101,311 2,483,822 3,715,742 5,437,881 5,096,055 5,410,317 5,296,724 NON-CURRENT LIABILITIES Long-term loans from other persons 15.3 1,398,764 1,396,834 1,288,764 1,286,834 610,000 610,000 500,000 500,000 Long-term loans from financial institutions 15.4 1,297,272 119,746 1,296,826 119,300 148,150 160,912 143,150 151,100 Long-term loans from other company 15.6 65,000 65,000 65,000 65,000 144,250 162,000 144,250 162,000 Long-term loans from related party 5 - - 9,700 9,700 Debentures 15.8 4,339,161 4,636,004 4,339,161 4,636,004 3,448,643 3,505,518 3,448,643 3,505,518 Lease liabilities 15.7 308,064 309,692 4,313 4,944 310,547 306,886 3,219 3,467 Utilities guarantees 800 800 800 800 000 000 000 871 Provisions for employee benefit 109,797 107,294 90,588 88,559 96,239 94,129 92,538 90,601 Other non-current provisions 9,350 24,350 9,350 24,350 Other non-current liabilities 64,501 66,554 27,381 26,191 76,710 70,419 37,769 33,580 Total non-current liabilities 7,583,359 6,701,924 7,122,533 6,237,332 4,844,675 4,935,085 4,389,405 4,481,187 TOTAL LIABILITIES 10,374,706 10,803,235 9,606,355 9,953,074 10,282,556 10,031,140 9,799,722 9,777,911 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated SeparateSeparate Financial Statements Financial Statements As at March As at December As at March As at December Notes 31, 2023 31, 2022 31, 2023 31, 2022 SHAREHOLDERS' EQUITY Authorised share capital 1,200,000,000 ordinary shares of Baht 1 each 1,200,000 1,200,000 1,200,000 1,200,000 Issued and paid-up share capital 980,000,000 ordinary shares of Baht 1 each 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS Appropriated Legal reserve 97,593 97,593 97,593 97,593 Unappropriated 1,103,695 1,212,192 818,100 841,416 Subordinated perpetual debentures 220,000 220,000 220,000 220,000 Other components of shareholders' equity 59,757 59,757 59,757 59,757 TOTAL SHAREHOLDERS' EQUITY 3,130,255 3,238,752 2,844,660 2,867,976 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 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 Notes 0000 0000 0000 2022 Revenue from sale and canstruction service Revenue from sale of real estate 510,022 843,193 256,788 359,952 Revenue from construction service 135,116 112,842 - - Total revenues 645,138 956,035 256,788 359,952 Cost of sale and construction service Cost of sale of real estate 365,331 583,851 188,448 270,165 Cost of construction service 133,594 67,691 - - Total costs 498,925 651,542 188,448 270,165 Gross profit 146,213 304,493 68,340 89,787 Dividend income 5 - - 149,500 - Other income 5 22,941 9,470 53,292 52,391 Distribution costs 102,624 73,043 54,861 46,009 Administrative expenses 88,009 92,890 109,426 79,450 Profit (loss) from operating activities (21,479) 148,030 106,845 16,719 Finance income 5 - - 24,480 21,805 Finance costs 5 90,066 98,625 150,709 111,478 Profit (loss) before income tax expense (111,545) 49,405 (19,384) (72,954) Income tax (income) expense (6,303) 16,681 677 465 PROFIT (LOSS) FOR THE PERIOD (105,242) 32,724 (20,061) (73,419) Other comprehensive income (loss) for the period - - - - TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD (105,242) 32,724 (20,061) (73,419) Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" In Thousand Baht Consolidated Separate Financial Statements Financial Statements Notes 0000 0000 0000 2022 Profit (loss) attributable to Parent company (105,242) 32,724 (20,061) (73,419) Non-controlling interests - - - - (105,242) 32,724 (20,061) (73,419) Total comprehensive income (loss) attributable to Parent company (105,242) 32,724 (20,061) (73,419) Non-controlling interests - - - - (105,242) 32,724 (20,061) (73,419) Basic earning (loss) per share Earnings (loss) per share (Baht per share) 18 (0.1107) 0.0301 (0.0238) (0.0782) Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Share Capital Shares debentures Surplus from asset revaluation-land, net Equity Beginning balance as at January 1, 2023 980,000 669,210 220,000 97,593 1,212,192 59,757 3,238,752 Profit (loss) for the period - - - - (105,242) - (105,242) Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - (105,242) - (105,242) Interest payment on subordinated perpetual debentures - - - - (3,255) - (3,255) Balance as at March 31, 2023 980,000 669,210 220,000 97,593 1,103,695 59,757 3,130,255 Beginning balance as at January 1, 2022 980,000 669,210 220,000 97,593 1,082,078 59,757 3,108,638 Profit (loss) for the period - - - - 32,724 - 32,724 Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - 32,724 - 32,724 Interest payment on subordinated perpetual debentures - - - - (3,255) - (3,255) Balance as at March 31, 2022 980,000 669,210 220,000 97,593 1,111,547 59,757 3,138,107 Comprehensive income for the period Comprehensive income for the period Notes to interim financial statements form an integral part of these statements. In Thousand Baht Separate Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Share Capital Shares debentures Surplus from asset revaluation-land, net Equity Beginning balance as at January 1, 2023 980,000 669,210 220,000 97,593 841,416 59,757 2,867,976 Profit (loss) for the period - - - - (20,061) - (20,061) Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - (20,061) - (20,061) Interest payment on subordinated perpetual debentures - - - - (3,255) - (3,255) Balance as at March 31, 2023 980,000 669,210 220,000 97,593 818,100 59,757 2,844,660 Beginning balance as at January 1, 2022 980,000 669,210 220,000 97,593 868,687 59,757 2,895,247 Profit (loss) for the period - - - - (73,419) - (73,419) Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - (73,419) - (73,419) Interest payment on subordinated perpetual debentures - - - - (3,255) - (3,255) Balance as at March 31, 2022 980,000 669,210 220,000 97,593 792,013 59,757 2,818,573 Comprehensive income for the period Comprehensive income for the period Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2022 CASh FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period (105,242) 32,724 (20,061) (73,419) Adjustment to reconcile profit (loss) to be net cash received (paid) Adjusted income tax (income) expenses (6,303) 16,681 677 465 Depreciation and amortization 6,207 7,123 5,045 6,066 Adjusted expected credit loss (reverse) (1,188) 498 43,577 5,584 Adjusted loss from decline in value of real estate projects under development (reverse) (1,445) (2,709) (1,445) (2,709) Adjusted on provisions for compensation for housing estate juristic persons (reverse) 1,548 2,339 628 851 Adjusted provisions for employee benefit obligations (reverse) 2,109 2,496 1,937 2,111 Adjusted other current provisions (reverse) - (49,416) - - Adjusted other non-current provisions (reverse) (15,000) - (15,000) - Adjusted loss (gain) on disposal of equipment - (138) - (138) Adjusted loss from discount on rental expenses - (18) - (18) Adjusted finance costs 90,066 98,625 150,709 111,478 Adjusted gain on written off trade and other current payables (9,944) - (5,512) - Adjusted trade and other current receivables (increase) decrease (16,542) 8,423 (104,860) (49,982) Adjusted unbilled revenue from construction service increase (decrease) 11,575 (12,029) - - Adjusted retention receivables from constructions increase (decrease) (6,309) (3,495) - - Adjusted real estate projects under development (increase) decrease 62,318 (89,625) 139,745 196,203 Adjusted deposits for land (increase) decrease - (1,000) - (1,000) Adjusted leasehold rights (increase) decrease (81,164) (9,783) - (9,783) Adjusted other current assets (increase) decrease - 738 - - Adjusted other non-current assets (increase) decrease 58 (177) 58 (180) Adjusted trade and other current payables increase (decrease) 134,774 (68,136) 19,586 (16,491) Adjusted construction retentions increase (decrease) 10,876 (942) 3,024 (7,038) Adjusted unearned revenue from construction increase (decrease) - 4,258 - - Adjusted unrecognised income on installments due increase (decrease) 28,112 6,383 19,107 3,468 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2022 Adjusted other current liabilities increase (decrease) 5,670 3,768 4,555 4,490 Adjusted utilities guarantee increase (decrease) (84) 24 (84) 24 Adjusted other non-current liabilities increase (decrease) 5,467 761 3,905 (2,811) Adjusted loss of written off income tax paid - 354 - - Net cash provided by (used in) operating activities 115,559 (52,273) 245,591 167,171 Dividend income - - (149,500) - Interest income (103) (73) (24,583) (21,878) Income tax paid (9,193) (11,056) (2,783) (3,832) Net cash provided by (used in) operating activities 106,263 (63,402) 68,725 141,461 Xxxx received from disposal of equipment - 293 - 293 Cash paid for purchase of equipment (967) (148) (651) (148) Cash paid for purchase of intangible assets - (74) - (74) Cash paid for purchase of right-of-use assets (225) - - - Proceed from short-term loans to related parties - - (33,500) (312,500) Repayment of short-term loans from related parties - - 27,399 1,450 Interest received 103 73 103 29,796 (Increase) decrease in deposits at banks used as collateral (44,910) 23,531 (44,910) 23,531 Net cash provided by (used in) investing activities (45,999) 23,675 (51,559) (257,652) Xxxx received from proceeds from debentures 1,898,100 2,000,000 1,898,100 2,000,000 Cash paid for repayment of debentures (1,753,368) (1,728,934) (1,753,368) (1,728,934) Xxxx paid for transaction cost from issue of debenture (37,606) (41,888) (37,606) (41,888) Cash received from short-term loans from related parties - - 22,802 65,535 Xxxx received from long-term loans from financial institutions 127,233 173,892 - 20,806 Xxxx paid for repayment of long-term loans from financial institutions (174,280) (330,679) (56,086) (124,025) Cash paid from long-term loans from other company (17,750) - (17,750) - Cash received from short-term loans from other persons - 10,000 - 10,000 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate Financial Statements Financial Statements 2023 2022 2023 2022 Cash paid from short-term loans from other persons - (20,000) - (20,000) Increase (decrease) in bank overdrafts and short-term loans from financial institutions 14,892 1,957 47,098 1,957 Cash paid for repayment of lease liabilities (2,873) (3,841) (1,607) (3,076) Finance costs paid (163,981) (145,886) (154,952) (136,850) Interest paid of subordinated perpetual debentures (3,255) (3,255) (3,255) (3,255) Net cash provided by (used in) financing activities (112,888) (88,634) (56,624) 40,270 Net increase (decrease) in cash and cash equivalents (52,624) (128,361) (39,458) (75,921) Cash and cash equivalents as at January 1, 135,106 503,425 72,721 302,341 Cash and cash equivalents as at March 31, 82,482 375,064 33,263 226,420 Non-cash transactions Acquisition of right-of-use assets under the lease agreement 5,300 4,161 - - Transfer deposits for land to real estate under development - 20,590 - - Transfer deposits for land to short-term loans to related parties - - - 20,590 Depreciation expense which include as a part of real estate project under development 447 1,172 - 159 Expenses under contracts which is included in cost of property development 260 339 130 135 Borrowing cost which is included as a part of real estate under development 52,906 53,311 39,927 37,390 Expenses under contracts which is included as a part of leasehold rights 3,209 4,532 - 4,532 Borrowing cost which is included a part of construction in process of leasehold rights 35,365 23,462 - 23,462 Notes to interim financial statements form an integral part of these statements.

Financial Statements Financial Statements. As at March September As at December As at March September As at December Notes 3130, 2024 31, 2023 3130, 2024 31, 2023 CURRENT LIABILITIES Bank overdrafts and short-term loans from financial institutions 15.1 32,432 37,291 35,730 32,432 37,291 35,730 Trade and other current payables 536,517 642,627 848,562 636,520 648,203 698,975 Short-term loans from director 5 67,500 - 67,500 - Short-term loans from other persons 15.2 10,000 15,000 10,000 15,000 15,000 15,000 Current portion of long-term loans from other persons 15.3 445,849 - 445,849 - Current portion of long-term loans from financial institutions 15.4 1,084,157 980,605 674,117 387,136 544,062 31,800 Current portion of long-term loans from other company 15.6 35,000 71,224 77,000 35,000 69,600 77,000 Current portion of debentures 15.8 500,951 1,305,918 1,926,005 500,951 1,305,918 1,926,005 Current portion of lease liabilities 15.7 6,255 7,355 6,104 2,479 2,542 2,449 Short-term loans from related parties 5 - - 672,381 693,229 726,783 Construction retentions 240,992 240,000 234,552 127,854 124,302 129,244 Unearned revenue from construction 35,327 - - - Unrecognised income on installments due 174,153 207,034 151,667 3,874 4,909 3,088 Income tax payable 586 389 433 - - Other current liabilities 129,977 142,156 132,141 70,195 87,930 69,668 Total current liabilities 2,791,347 4,157,948 4,101,311 2,483,822 4,041,335 3,715,742 NON-CURRENT LIABILITIES Long-term loans from other persons 15.3 1,398,764 956,969 1,396,834 1,288,764 846,969 1,286,834 Long-term loans from financial institutions 15.4 1,297,272 1,435,446 119,746 1,296,826 1,227,776 119,300 Long-term loans from other company 15.6 282,332 65,000 65,000 65,000 33,441 65,000 Long-term loans from related party 5 - - 9,700 9,700 Debentures 15.8 4,339,161 3,275,242 4,636,004 4,339,161 3,275,242 4,636,004 Lease liabilities 15.7 308,064 317,482 309,692 4,313 3,708 4,944 Utilities guarantees 795 800 800 800 795 800 Provisions for employee benefit 109,797 114,804 107,294 90,588 94,646 88,559 Other non-current liabilities 64,501 64,642 66,554 27,381 27,412 26,191 Total non-current liabilities 7,583,359 6,447,712 6,701,924 7,122,533 5,519,689 6,237,332 TOTAL LIABILITIES 10,374,706 10,605,660 10,803,235 9,606,355 9,561,024 9,953,074 Notes to interim financial statements form an integral part of these statements. Notes 30, 2024 31, 2023 30, 2024 31, 2023 SHAREHOLDERS' EQUITY Authorised share capital 1,200,000,000 ordinary shares of Baht 1 each 1,200,000 1,200,000 1,200,000 1,200,000 Issued and paid-up share capital 980,000,000 ordinary shares of Baht 1 each 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS Appropriated Legal reserve 97,593 97,593 97,593 97,593 Unappropriated 694,435 919,344 (228,928) 327,440 Subordinated perpetual debentures 220,000 220,000 220,000 220,000 TOTAL SHAREHOLDERS' EQUITY 2,661,238 2,886,147 1,737,875 2,294,243 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 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 SeparateSeparate Financial Statements Financial Statements Notes 2024 2023 2024 2023 Revenue from sale and construction service Revenue from sale of real estate 273,796 747,966 95,531 403,919 Revenue from construction service - 149,714 - - Total revenues 273,796 897,680 95,531 403,919 Cost of sale and construction service Cost of sale of real estate 208,607 495,370 78,439 247,865 Cost of construction service - 150,039 - - Total costs 208,607 645,409 78,439 247,865 Gross profit 65,189 252,271 17,092 156,054 Dividend income 5 - - - 86,500 Other income 5 11,200 10,145 31,287 46,521 Distribution costs 5 48,829 92,880 17,481 47,788 Administrative expenses 87,055 87,390 123,073 141,745 Loss from the disposal of property, plant and equipment - 50,761 - 50,761 Profit (loss) from operating activities (59,495) 31,385 (92,175) 48,781 Finance income 5 - - 14,435 24,289 Finance costs 5 62,673 82,946 152,542 157,387 Profit (loss) before income tax expense (122,168) (51,561) (230,282) (84,317) Income tax (income) expense (895) (23,403) 1,133 (21,789) PROFIT (LOSS) FOR THE PERIOD (121,273) (28,158) (231,415) (62,528) Other comprehensive income (loss) for the period : Items that will not be reclassified to profit or loss Gain on land revaluation - net of income tax 12 - - - - Other comprehensive income (loss) for the period - net of income tax - - - - TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD (121,273) (28,158) (231,415) (62,528) Notes to interim financial statements form an integral part of these statements. Profit (loss) attributable to In Thousand Baht Consolidated Separate Financial Statements Financial Statements Notes 2024 2023 2024 2023 Parent company (121,273) (28,158) (231,415) (62,528) Non-controlling interests - - - - (121,273) (28,158) (231,415) (62,528) Total comprehensive income (loss) attributable to Parent company Non-controlling interests (121,273) - (28,158) - (231,415) - (62,528) - (121,273) (28,158) (231,415) (62,528) Earnings (loss) per share Basic earnings (loss) per share (Baht per share) 18 (0.1271) (0.0321) (0.2395) (0.0672) Notes to interim financial statements form an integral part of these statements. Consolidated Separate Financial Statements Financial Statements Notes 2024 2023 2024 2023 Revenue from sale and construction service Revenue from sale of real estate 1,058,782 1,743,635 469,653 845,302 Revenue from construction service 76,130 378,198 - - Total revenues 1,134,912 2,121,833 469,653 845,302 Cost of sale and construction service Cost of sale of real estate 697,734 1,225,774 278,629 583,116 Cost of construction service 56,489 377,003 - - Total costs 754,223 1,602,777 278,629 583,116 Gross profit 380,689 519,056 191,024 262,186 Dividend income 5 - - - 236,000 Other income 5 37,597 46,816 96,773 157,481 Distribution costs 5 174,351 284,070 69,751 152,706 Administrative expenses 282,511 265,392 385,738 365,875 Loss from the disposal of property, plant and equipment - 50,761 - 50,761 Profit (loss) from operating activities (38,576) (34,351) (167,692) 86,325 Finance income 5 - - 50,789 74,538 Finance costs 5 174,086 248,083 427,345 462,700 Profit (loss) before income tax expense (212,662) (282,434) (544,248) (301,837) Income tax (income) expense 2,338 (30,255) 2,211 (19,936) PROFIT (LOSS) FOR THE PERIOD (215,000) (252,179) (546,459) (281,901) Other comprehensive income (loss) for the period : Items that will not be reclassified to profit or loss Gain on land revaluation - net of income tax 12 - 34,560 - 34,560 Other comprehensive income (loss) for the period - net of income tax - 34,560 - 34,560 TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD (215,000) (217,619) (546,459) (247,341) Notes to interim financial statements form an integral part of these statements. Profit (loss) attributable to Consolidated Separate Financial Statements Financial Statements Notes 2024 2023 2024 2023 Parent company (215,000) (252,179) (546,459) (281,901) Non-controlling interests - - - - (215,000) (252,179) (546,459) (281,901) Total comprehensive income (loss) attributable to Parent company Non-controlling interests (215,000) - (217,619) - (546,459) - (247,341) - (215,000) (217,619) (546,459) (247,341) Earnings (loss) per share Basic earnings (loss) per share (Baht per share) 18 (0.2295) (0.2674) (0.5677) (0.2977) Notes to interim financial statements form an integral part of these statements. In Thousand Baht Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Share Capital Shares debentures Surplus from asset revaluation-land, net Equity Beginning balance as at January 1, 2024 980,000 669,210 220,000 97,593 919,344 - 2,886,147 Profit (loss) for the period - Other comprehensive income (loss) for the period - - - - - - - (215,000) - - - (215,000) - Total comprehensive income for the period - - - - (215,000) - (215,000) Interest payment on subordinated perpetual debentures - - - - (9,909) - (9,909) Balance as at September 30, 2024 980,000 669,210 220,000 97,593 694,435 - 2,661,238 Beginning balance as at January 1, 2023 980,000 669,210 220,000 97,593 1,212,192 59,757 3,238,752 Profit (loss) for the period - - - - (252,179) - (252,179) Other comprehensive income (loss) for the period - - - - - 34,560 34,560 Total comprehensive income for the period - - - - (252,179) 34,560 (217,619) Transfer the capital surplus from the disposed assets appriasal - - - - 94,317 (94,317) - Interest payment on subordinated perpetual debentures - - - - (9,873) - (9,873) Balance as at September 30, 2023 980,000 669,210 220,000 97,593 1,044,457 - 3,011,260 Comprehensive income for the period Comprehensive income for the period Notes to interim financial statements form an integral part of these statements. In Thousand Baht Separate Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Share Capital Shares debentures Surplus from asset revaluation-land, net Equity Beginning balance as at January 1, 2024 980,000 669,210 220,000 97,593 327,440 - 2,294,243 Profit (loss) for the period - - - - (546,459) - (546,459) Other comprehensive income (loss) for the period - - - - - - - Total comprehensive income for the period - - - - (546,459) - (546,459) Interest payment on subordinated perpetual debentures - - - - (9,909) - (9,909) Balance as at September 30, 2024 980,000 669,210 220,000 97,593 (228,928) - 1,737,875 Beginning balance as at January 1, 2023 Comprehensive income for the period 980,000 669,210 220,000 97,593 841,416 59,757 2,867,976 Profit (loss) for the period - - - - (281,901) - (281,901) Other comprehensive income (loss) for the period - - - - - 34,560 34,560 Comprehensive income for the period Total comprehensive income for the period - - - - (281,901) 34,560 (247,341) Transfer the capital surplus from the disposed assets appriasal - - - - 94,317 (94,317) - Interest payment on subordinated perpetual debentures - - - - (9,873) - (9,873) Balance as at September 30, 2023 980,000 669,210 220,000 97,593 643,959 - 2,610,762 Notes to interim financial statements form an integral part of these statements. Consolidated Separate Financial Statements Financial Statements 2024 2023 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period (215,000) (252,179) (546,459) (281,901) Adjustment to reconcile profit (loss) to be net cash received (paid) Adjusted income tax (income) expenses 2,338 (30,255) 2,211 (19,936) Depreciation and amortization 16,501 17,682 12,429 14,631 Adjusted expected credit loss (reverse) (1,295) (1,077) 203,976 172,474 Adjusted loss from decline in value of real estate projects under development (reverse) (2,415) (2,502) (2,415) (2,502) Adjusted on provisions for compensation for housing estate juristic persons (reverse) 2,846 4,822 699 1,577 Adjusted provisions for employee benefit obligations (reverse) 7,510 6,538 6,087 6,021 Adjusted other non-current provisions (reverse) - (24,350) - (24,350) Adjusted loss (gain) on disposal of property, plant and equipment (840) 44,192 - 44,192 Adjusted loss on written off intangible assets 4 - 4 - Adjusted loss (gain) from discount on rental expenses - (111) - - Adjusted loss (gain) from termination of agreement (1,434) - - - Adjusted loss on written off income tax paid 7,385 - - - Adjusted unrealized loss (gain) on unit trust (1) - (1) - Adjusted finance costs 174,086 248,083 427,345 462,700 Adjusted gain on written off trade and other current payables - (9,944) - (5,512) Adjusted trade and other current receivables (increase) decrease 74,254 (72,950) (106,533) (168,110) Adjusted unbilled revenue from construction service increase (decrease) 3,766 79,541 - - Adjusted retention receivables from constructions increase (decrease) 26,201 (20,189) - - Adjusted gain on written off retention receivables from constructions (2,309) - (1,719) - Adjusted real estate projects under development (increase) decrease 242,639 515,407 168,410 435,166 Adjusted deposits for land (increase) decrease (113,500) - - - Adjusted leasehold rights (increase) decrease (25,699) (295,710) - - Adjusted other current assets (increase) decrease - 355 - - Adjusted other non-current assets (increase) decrease (1,925) 285 (1,611) 275 Adjusted trade and other current payables increase (decrease) (175,091) 364,753 (60,141) (24,527) Notes to interim financial statements form an integral part of these statements. Consolidated Separate Financial Statements Financial Statements 2024 2023 2024 2023 Adjusted construction retentions increase (decrease) 7,757 13,496 (3,223) (8,356) Adjusted unearned revenue from construction increase (decrease) - 287 - - Adjusted unrecognised income on installments due increase (decrease) 55,367 45,797 1,821 (27,592) Adjusted other current liabilities increase (decrease) 8,971 (14,168) 17,982 27,794 Adjusted utilities guarantee increase (decrease) (5) (90) (5) (90) Adjusted other non-current liabilities increase (decrease) (3,676) 2,253 837 (228) Net cash provided by (used in) operating activities 86,435 619,966 119,694 601,726 Dividend income - - - (236,000) Interest income (2,706) (2,554) (53,297) (77,033) Income tax paid (16,792) (49,776) (5,182) (10,064) Net cash provided by (used in) operating activities 66,937 567,636 61,215 278,629 Cash paid for purchase of investment in subsidiaries - - (104,750) - Xxxx received from disposal of preperty, plant and equipment 840 108,119 - 108,119 Cash paid for purchase of equipment (13,877) (1,563) (2,165) (1,007) Cash paid for purchase of intangible assets (120) (225) (120) - Cash paid for purchase of right-of-use assets (67) - - - Proceed from short-term loans to related parties - - (296,279) (127,050) Repayment of short-term loans from related parties - - 610,461 200,980 Interest received 2,706 2,554 2,508 2,495 (Increase) decrease in deposits at banks used as collateral 559,317 (24,738) 565,948 (24,738) Net cash provided by (used in) investing activities 548,799 84,147 775,603 158,799 Cash received from proceeds from debentures - 3,071,600 - 3,071,600 Cash paid for repayment of debentures (2,005,450) (3,131,268) (2,005,450) (3,131,268) Cash paid for repayment of short-term debentures - (150,000) - (150,000) Xxxx paid for transaction cost from issue of debenture - (56,969) - (56,969) Cash received from short-term loans from related parties - - 69,966 289,728 Cash paid for repayment of short-term loans from related parties - - (103,520) (72,273) Notes to interim financial statements form an integral part of these statements. Consolidated Separate Financial Statements Financial Statements 2024 2023 2024 2023 Xxxx received from short-term loans from directors 114,500 - 114,500 - Cash paid form short-term loans from directors (47,000) - (47,000) - Cash received from long-term loans from financial institutions 2,048,461 538,097 1,720,839 - Xxxx paid for repayment of long-term loans from financial institutions (417,020) (518,928) (90,848) (128,783) Cash paid for loan expense (21,441) - (13,416) - Cash received from long-term loans from other company 305,000 450,000 46,000 450,000 Cash paid from long-term loans from other company (85,092) (179,750) (84,554) (179,750) Cash paid form short-term loans from other persons (5,000) - (5,000) - Cash received from short-term loans from other company - 420,000 - 420,000 Cash paid from short-term loans from other company - (243,000) - (243,000) Increase (decrease) in bank overdrafts and short-term loans from financial institutions 1,561 (248,949) 1,561 (216,743) Xxxx paid for repayment of lease liabilities (6,351) (7,706) (2,445) (3,300) Finance costs paid (533,838) (507,720) (485,400) (471,052) Interest paid of subordinated perpetual debentures (9,945) (9,909) (9,945) (9,909) Net cash provided by (used in) financing activities (661,615) (574,502) (894,712) (431,719) Net increase (decrease) in cash and cash equivalents (45,879) 77,281 (57,894) 5,709 Cash and cash equivalents as at January 1, 144,927 135,106 68,431 72,721 Cash and cash equivalents as at September 30, 99,048 212,387 10,537 78,430 Acquisition of right-of-use assets under the lease agreement 21,273 9,310 1,061 4,010 Accounts payable for purchase of intangible assets - 452 - 452 Depreciation expense which include as a part of real estate project under development 883 2,003 402 412 Borrowing cost which is included as a part of real estate under development 183,262 173,704 102,988 117,582 Expenses under contracts which is included as a part of leasehold rights 6,118 9,628 - - Borro