Common use of REAL ESTATE PROJECTS UNDER DEVELOPMENT Clause in Contracts

REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2019 31, 2018 30, 2019 31, 2018 Cost of projects under development 33,492,905 30,143,968 26,497,304 23,906,169 Land held for development 3,503,528 5,321,916 2,415,526 3,925,407 Sample houses 247,768 259,704 209,691 222,352 House and condominium for sale 3,584,873 3,444,692 2,541,369 2,699,268 Construction materials 6,861 6,541 3,025 3,014 Total 40,835,935 39,176,821 31,666,915 30,756,210 Less Portion transferred to cost of sales (29,170,266) (27,683,253) (23,140,915) (22,199,814) Less allowance for decline in value of 11,665,669 11,493,568 8,526,000 8,556,396 real estate projects under development (1,988) (1,988) (1,767) (1,767) Net 11,663,681 11,491,580 8,524,233 8,554,629 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2019 31, 2018 30, 2019 31, 2018 (For the nine- (For the year) (For the nine- (For the year) month) month) Finance costs capitalised during the period 204,691 276,232 175,515 252,152 Rates of interest capitalized (% per annum) 4.75 - 10.00 1.00 - 6.25 4.75 - 10.00 1.00 - 6.25 Land and construction thereon of the Group’s and Company’s projects have been mortgaged as collateral for loans and credit facilities from financial institutions.

REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2019 2021 31, 2018 2020 30, 2019 2021 31, 2018 2020 Cost of projects under development 33,492,905 30,143,968 26,497,304 23,906,169 39,019,843 36,689,410 29,810,644 27,912,517 Land held for development 3,503,528 5,321,916 2,415,526 3,925,407 1,738,669 2,899,938 865,082 2,027,691 Sample houses 247,768 259,704 209,691 222,352 190,694 232,369 121,992 171,026 House and condominium for sale 3,584,873 3,444,692 2,541,369 2,699,268 2,697,990 3,172,574 2,479,019 2,831,379 Construction materials 6,861 6,541 3,025 3,014 10,045 3,130 3,005 3,009 Total 40,835,935 39,176,821 31,666,915 30,756,210 43,657,241 42,997,421 33,279,742 32,945,622 Less Portion transferred to cost of sales Portion transferred to property, plant and (29,170,26634,989,632) (27,683,25333,600,896) (23,140,91527,270,796) (22,199,81426,486,521) equipment (34,104) (34,104) (34,104) (34,104) 8,633,505 9,362,421 5,974,842 6,424,997 Less allowance Allowance for decline in value of 11,665,669 11,493,568 8,526,000 8,556,396 real estate projects under development house and condominium for sale (1,98833,264) (1,98837,854) (1,76722,641) (1,76727,231) Net 11,663,681 11,491,580 8,524,233 8,554,629 8,600,241 9,324,567 5,952,201 6,397,766 Less Land held for development-non current (1,738,669) (2,899,938) (865,082) (2,027,691) Total 6,861,572 6,424,629 5,087,119 4,370,075 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2019 2021 31, 2018 2020 30, 2019 2021 31, 2018 2020 (For the nine- (For the year) (For the nine- (For the year) month) month) Finance costs capitalised capitalized during the period 204,691 276,232 175,515 252,152 156,372 229,873 151,844 206,703 Rates of interest capitalized (% per annum) 4.75 4.25 - 10.00 1.00 - 6.25 4.75 4.25 - 10.00 1.00 4.25 - 6.25 10.00 4.25 - 10.00 Capitalization Rate (% per annum) 2.05 - 7.77 2.39 - 6.65 7.77 6.65 Land and construction thereon of the Group’s and Company’s projects have been mortgaged as collateral for loans loans, debenture and credit facilities from financial institutions. Changes in the allowance for decline in value of house and condominium for sale as follows: In Thousand Baht Consolidated Financial Statements Separate Financial Statements Balance as at January 1, 2021 37,854 27,231 Add Increase during the period 1,454 1,454 Less Reversal during the period (6,044) (6,044) Balance as at September 30, 2021 33,264 22,641 9. ASSETS USED AS COLLATERAL As at September 30, 2021, the Group had guaranteed the saving deposits and fixed deposits in the amount of Baht 1,948.26 million (the Company only : Baht 1,948.26 million) to secure for the letter of guarantee from bank and security for debenture. That was in accordance with the terms and conditions regarding the rights and duties of debenture issuers and debenture holders. The Group, as the guaranteed debenture issuer, had mortgaged the land and buildings and some parts of the Company’s empty land as the guarantee agreement for the issuance of debenture. It was under the condition that the Company can redeem or release the mortgage of such land and buildings and the empty land. If the value of the property that was insured under the guarantee agreement was lower than specified, the debenture issuer had to change the guarantee or seek for replacement assets to guarantee the repayment of additional debentures within the specified period in order to maintain the guarantee value under conditions regarding the rights and duties of debenture issuers and debenture holders.

REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September March 31, 2023 As at December 31, 2022 As at September March 31, 2023 As at December 30, 2019 31, 2018 30, 2019 31, 2018 2022 Cost of projects under development 33,492,905 30,143,968 26,497,304 23,906,169 Land held for development 3,503,528 5,321,916 2,415,526 3,925,407 Sample houses 247,768 259,704 209,691 222,352 4,286,090 4,580,354 2,296,828 2,573,318 House and condominium for sale 3,584,873 3,444,692 2,541,369 2,699,268 2,496,050 2,198,642 2,025,644 1,848,835 Construction materials 6,861 6,541 3,025 3,014 - 172 - 8 Total 40,835,935 39,176,821 31,666,915 30,756,210 Less Portion transferred to cost of sales (29,170,266) (27,683,253) (23,140,915) (22,199,814) Less allowance Allowance for decline in value of 11,665,669 11,493,568 8,526,000 8,556,396 real estate projects under development 6,782,140 6,779,168 4,322,472 4,422,161 house and condominium for sale (1,9889,946) (1,98811,391) (1,7679,946) (1,76711,391) Net 11,663,681 11,491,580 8,524,233 8,554,629 Total 6,772,194 6,767,777 4,312,526 4,410,770 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2019 For the three-month period ended March 31, 2018 30, 2019 31, 2018 (For the nine- (For the year) (For the nine- (For the year) month) month) 2023 2022 2023 2022 Finance costs capitalised capitalized during the period 204,691 276,232 175,515 252,152 Rates of interest capitalized (% per annum) 4.75 - 10.00 1.00 - 6.25 4.75 - 10.00 1.00 - 6.25 64,582 53,311 39,927 37,390 Land and construction thereon of the Group’s and Company’s 's projects have been mortgaged as collateral for loans loans, debenture and credit facilities from financial institutions., other persons and other company. In quarter 1, 2023, the Group has made are reversal entry for the allowance for decline in value of real estate projects under development in the amount of Baht 1.44 million (the Company only : Baht

REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September June As at December As at September June As at December 30, 2019 2021 31, 2018 2020 30, 2019 2021 31, 2018 2020 Cost of projects under development 33,492,905 30,143,968 26,497,304 23,906,169 38,780,828 36,689,410 29,683,362 27,912,517 Land held for development 3,503,528 5,321,916 2,415,526 3,925,407 1,737,774 2,899,938 865,082 2,027,691 Sample houses 247,768 259,704 209,691 222,352 232,524 232,369 170,720 171,026 House and condominium for sale 3,584,873 3,444,692 2,541,369 2,699,268 2,666,152 3,172,574 2,489,509 2,831,379 Construction materials 6,861 6,541 3,025 3,014 10,067 3,130 3,005 3,009 Total 40,835,935 39,176,821 31,666,915 30,756,210 43,427,345 42,997,421 33,211,678 32,945,622 Less Portion transferred to cost of sales (29,170,26634,544,810) (27,683,25333,600,896) (23,140,91527,009,122) (22,199,81426,486,521) Portion transferred to property, plant and equipment (34,104) (34,104) (34,104) (34,104) 8,848,431 9,362,421 6,168,452 6,424,997 Less allowance Allowance for decline in value of 11,665,669 11,493,568 8,526,000 8,556,396 real estate projects under development house and condominium for sale (1,98835,622) (1,98837,854) (1,76724,999) (1,76727,231) Net 11,663,681 11,491,580 8,524,233 8,554,629 8,812,809 9,324,567 6,143,453 6,397,766 Less Land held for development-non current (1,737,774) (2,899,938) (865,082) (2,027,691) Total 7,075,035 6,424,629 5,278,371 4,370,075 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September June 30, 2021 (For the six-month) As at December As at September As at December 30, 2019 31, 2018 30, 2019 31, 2018 (For the nine- 2020 (For the year) As at June 30, 2021 (For the nine- six-month) As at December 31, 2020 (For the year) month) month) Finance costs capitalised capitalized during the period 204,691 276,232 175,515 252,152 102,446 229,873 99,650 206,703 Rates of interest capitalized (% per annum) 4.75 4.25 - 10.00 1.00 - 6.25 4.75 4.25 - 10.00 1.00 4.25 - 6.25 10.00 4.25 - 10.00 Land and construction thereon of the Group’s and Company’s projects have been mortgaged as collateral for loans and credit facilities from financial institutions.. Changes in the allowance for decline in value of house and condominium for sale as follows: In Thousand Baht Consolidated Financial Statements Separate Financial Statements Balance as at January 1, 2021 37,854 27,231 Add Increase during the period 1,454 1,454 Less Reversal during the period (3,686) (3,686) Balance as at June 30, 2021 35,622 24,999

REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September March 31, 2021 As at December 31, 2020 As at September March 31, 2021 As at December 30, 2019 31, 2018 30, 2019 31, 2018 2020 Cost of projects under development 33,492,905 30,143,968 26,497,304 23,906,169 38,413,992 36,689,410 29,448,552 27,912,517 Land held for development 3,503,528 5,321,916 2,415,526 3,925,407 1,737,774 2,899,938 865,082 2,027,691 Sample houses 247,768 259,704 209,691 222,352 234,825 232,369 173,220 171,026 House and condominium for sale 3,584,873 3,444,692 2,541,369 2,699,268 2,846,290 3,172,574 2,634,932 2,831,379 Construction materials 6,861 6,541 3,025 3,014 10,050 3,130 3,009 3,009 Total 40,835,935 39,176,821 31,666,915 30,756,210 43,242,931 42,997,421 33,124,795 32,945,622 Less Portion transferred to cost of sales (29,170,26634,137,107) (27,683,25333,600,896) (23,140,91526,788,842) (22,199,81426,486,521) Portion transferred to property, plant and equipment (34,104) (34,104) (34,104) (34,104) 9,071,720 9,362,421 6,301,849 6,424,997 Less allowance Allowance for decline in value of 11,665,669 11,493,568 8,526,000 8,556,396 real estate projects under development house and condominium for sale (1,98836,050) (1,98837,854) (1,76725,427) (1,76727,231) Net 11,663,681 11,491,580 8,524,233 8,554,629 9,035,670 9,324,567 6,276,422 6,397,766 Less Land held for development-non current (1,737,774) (2,899,938) (865,081) (2,027,691) Total 7,297,896 6,424,629 5,411,341 4,370,075 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September March 31, 2021 (For the three-month) As at December As at September As at December 30, 2019 31, 2018 30, 2019 31, 2018 (For the nine- 2020 (For the year) As at March 31, 2021 (For the nine- three-month) As at December 31, 2020 (For the year) month) month) Finance costs capitalised capitalized during the period 204,691 276,232 175,515 252,152 50,132 229,873 49,472 206,703 Rates of interest capitalized (% per annum) 4.75 4.25 - 10.00 1.00 - 6.25 4.75 4.25 - 10.00 1.00 4.25 - 6.25 10.00 4.25 - 10.00 Land and construction thereon of the Group’s and Company’s projects have been mortgaged as collateral for loans and credit facilities from financial institutions.

REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September March 31, 2022 As at December 31, 2021 As at September March 31, 2022 As at December 30, 2019 31, 2018 30, 2019 31, 2018 2021 Cost of projects under development 33,492,905 30,143,968 26,497,304 23,906,169 40,594,608 39,452,396 30,607,595 30,118,291 Land held for development 3,503,528 5,321,916 2,415,526 3,925,407 1,738,221 1,737,497 865,082 865,082 Sample houses 247,768 259,704 209,691 222,352 141,350 196,687 81,857 125,536 House and condominium for sale 3,584,873 3,444,692 2,541,369 2,699,268 2,116,684 2,481,124 1,906,945 2,253,871 Construction materials 6,861 6,541 3,025 3,014 303 119 133 - Total 40,835,935 39,176,821 31,666,915 30,756,210 44,591,166 43,867,823 33,461,612 33,362,780 Less Portion transferred to cost of sales (29,170,26636,096,553) (27,683,25335,540,545) (23,140,91527,869,977) (22,199,81427,613,466) Portion transferred to property, plant and equipment (34,104) (34,104) (34,104) (34,104) 8,460,509 8,293,174 5,557,531 5,715,210 Less allowance Allowance for decline in value of 11,665,669 11,493,568 8,526,000 8,556,396 real estate projects under development house and condominium for sale (1,98829,482) (1,98832,191) (1,76718,859) (1,76721,568) Net 11,663,681 11,491,580 8,524,233 8,554,629 8,431,027 8,260,983 5,538,672 5,693,642 Less Land held for development-non current (1,738,221) (1,737,497) (865,082) (865,082) Total 6,692,806 6,523,486 4,673,590 4,828,560 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2019 For the three-month period ended March 31, 2018 30, 2019 31, 2018 (For the nine- (For the year) (For the nine- (For the year) month) month) 2022 2021 2022 2021 Finance costs capitalised capitalized during the period 204,691 276,232 175,515 252,152 Rates of interest capitalized (% per annum) 4.75 - 10.00 1.00 - 6.25 4.75 - 10.00 1.00 - 6.25 53,311 50,132 37,390 49,472 Land and construction thereon of the Group’s and Company’s projects have been mortgaged as collateral for loans loans, debenture and credit facilities from financial institutions. In quarter 1, 2022, the Group has made are reversal entry for the allowance for decline in value of house and condominium for sale in the amount of Baht 2.71 million (the Company : Baht 2.71 million).

REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September December 31, 2020 As at December As at September 31, 2019 As at December 3031, 2020 As at December 31, 2019 31, 2018 30, 2019 31, 2018 Cost of projects under development 33,492,905 30,143,968 26,497,304 23,906,169 36,689,410 35,616,560 27,912,517 27,867,508 Land held for development 3,503,528 5,321,916 2,415,526 3,925,407 2,899,938 3,005,840 2,027,691 2,104,243 Sample houses 247,768 259,704 209,691 222,352 232,369 246,768 171,026 200,125 House and condominium for sale 3,584,873 3,444,692 2,541,369 2,699,268 3,172,574 2,694,769 2,831,379 2,003,200 Construction materials 6,861 6,541 3,025 3,014 3,130 3,108 3,009 3,035 Total 40,835,935 39,176,821 31,666,915 30,756,210 42,997,421 41,567,045 32,945,622 32,178,111 Less Portion transferred to cost of sales (29,170,26633,600,896) (27,683,25329,696,964) (23,140,91526,486,521) (22,199,81423,430,554) Portion transferred to property, plant and equipment (34,104) (34,104) (34,104) (34,104) 9,362,421 11,835,977 6,424,997 8,713,453 Less allowance Allowance for decline in value of 11,665,669 11,493,568 8,526,000 8,556,396 real estate projects under development house and condominium for sale (1,98837,854) (1,9881,592) (1,76727,231) (1,7671,371) Net 11,663,681 11,491,580 8,524,233 8,554,629 9,324,567 11,834,385 6,397,766 8,712,082 Less Land held for development-non current (2,899,938) (3,005,840) (2,027,691) (2,104,243) Total 6,424,629 8,828,545 4,370,075 6,607,839 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September December 31, 2020 As at December As at September 31, 2019 As at December 3031, 2020 As at December 31, 2019 31, 2018 30, 2019 31, 2018 (For the nine- (For the year) (For the nine- (For the year) month) month) Finance costs capitalised during the period 204,691 276,232 175,515 252,152 year 229,873 277,265 206,703 240,246 Rates of interest capitalized (% per annum) 4.25 - 10.00 4.75 - 10.00 1.00 4.25 - 6.25 10.00 4.75 - 10.00 1.00 Real estate projects under development recognised as an expense in ‘cost of sales of real estate project’: - 6.25 Cost of sale 4,033,214 1,913,443 3,184,675 1,233,772 - Net realizable value adjustment 36,261 (396) 25,860 (396) Total 4,069,475 1,913,047 3,210,535 1,233,376 Land and construction thereon of the Group’s and Company’s projects have been mortgaged as collateral for loans and credit facilities from financial institutions.

REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30, 2018 As at December 31, 2017 As at September 30, 2018 As at December 30, 2019 31, 2018 30, 2019 31, 2018 2017 Cost of projects under development 33,492,905 30,143,968 26,497,304 23,906,169 29,866,476 28,531,700 24,164,693 22,901,967 Land held for development 3,503,528 5,321,916 2,415,526 3,925,407 5,975,589 4,429,397 4,293,807 3,490,318 Sample houses 247,768 259,704 209,691 222,352 111,834 119,591 94,375 101,575 House and condominium for sale 3,584,873 3,444,692 2,541,369 2,699,268 3,137,538 3,460,418 2,536,887 2,910,841 Construction materials 6,861 6,541 3,025 3,014 5,256 3,035 3,016 3,023 Total 40,835,935 39,176,821 31,666,915 30,756,210 39,096,693 36,544,141 31,092,778 29,407,724 Less Portion transferred to cost of sales (29,170,26626,930,265) (27,683,25325,055,376) (23,140,91521,574,321) (22,199,81420,085,043) 12,166,428 11,488,765 9,518,457 9,322,681 Less allowance for decline in value of 11,665,669 11,493,568 8,526,000 8,556,396 real estate projects under development (1,9884,671) (1,98814,494) (1,7674,449) (1,7677,754) Net 11,663,681 11,491,580 8,524,233 8,554,629 12,161,757 11,474,271 9,514,008 9,314,927 As at September 30, 2018, the Group and the Company have the allowance for decline in value of real estate projects had decreased by Baht 9.82 million and Baht 3.31 million, respectively, due to the sale in the period. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2019 31, 2018 30, 2019 31, 2018 (For the nine- month) As at December 31, 2017 (For the year) As at September 30, 2018 (For the nine- month) As at December 31, 2017 (For the year) month) month) Finance costs capitalised during the period 204,691 276,232 175,515 252,152 227,818 290,948 207,635 295,738 Rates of interest capitalized (% per annum) 4.75 1 - 10.00 6.25 1.00 - 6.90 1 - 6.25 4.75 - 10.00 1.00 - 6.25 6.90 Land and construction thereon of the Group’s and Company’s projects have been mortgaged as collateral for loans and credit facilities from financial institutions.