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 30, 2018 As at December 31, 2017 As at September 30, 2018 As at December 31, 2017 Cost of projects under development 29,866,476 28,531,700 24,164,693 22,901,967 Land held for development 5,975,589 4,429,397 4,293,807 3,490,318 Sample houses 111,834 119,591 94,375 101,575 House and condominium for sale 3,137,538 3,460,418 2,536,887 2,910,841 Construction materials 5,256 3,035 3,016 3,023 Total 39,096,693 36,544,141 31,092,778 29,407,724 Less Portion transferred to cost of sales (26,930,265) (25,055,376) (21,574,321) (20,085,043) 12,166,428 11,488,765 9,518,457 9,322,681 real estate projects under development (4,671) (14,494) (4,449) (7,754) Net 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 30, 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) Finance costs capitalised during the period 227,818 290,948 207,635 295,738 Rates of interest capitalized (% per annum) 1 - 6.25 1.00 - 6.90 1 - 6.25 1.00 - 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.

REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30, 2018 June As at December 31, 2017 As at September 30, 2018 June As at December 30, 2021 31, 2017 2020 30, 2021 31, 2020 Cost of projects under development 29,866,476 28,531,700 24,164,693 22,901,967 38,780,828 36,689,410 29,683,362 27,912,517 Land held for development 5,975,589 4,429,397 4,293,807 3,490,318 1,737,774 2,899,938 865,082 2,027,691 Sample houses 111,834 119,591 94,375 101,575 232,524 232,369 170,720 171,026 House and condominium for sale 3,137,538 3,460,418 2,536,887 2,910,841 2,666,152 3,172,574 2,489,509 2,831,379 Construction materials 5,256 3,035 3,016 3,023 10,067 3,130 3,005 3,009 Total 39,096,693 36,544,141 31,092,778 29,407,724 43,427,345 42,997,421 33,211,678 32,945,622 Less Portion transferred to cost of sales (26,930,26534,544,810) (25,055,37633,600,896) (21,574,32127,009,122) (20,085,04326,486,521) 12,166,428 11,488,765 9,518,457 9,322,681 real estate projects under development Portion transferred to property, plant and equipment (4,67134,104) (14,49434,104) (4,44934,104) (7,75434,104) Net 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 8,848,431 9,362,421 6,168,452 6,424,997 Less Allowance for decline in value of real estate projects had decreased by Baht 9.82 million house and Baht 3.31 million, respectively, due to the condominium for sale in the period. In Thousand Baht (35,622) (37,854) (24,999) (27,231) Net 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 Consolidated Financial Statements Separate Financial Statements As at September 30December 31, 2018 (For the nine- month) 2020 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) 2020 Finance costs capitalised capitalized during the period 227,818 290,948 207,635 295,738 102,446 229,873 99,650 206,703 Rates of interest capitalized (% per annum) 1 4.25 - 6.25 1.00 10.00 4.25 - 6.90 1 10.00 4.25 - 6.25 1.00 10.00 4.25 - 6.90 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 30, 2018 As at December 31, 2017 As at September 30, 2018 As at December 30, 2020 31, 2017 2019 30, 2020 31, 2019 Cost of projects under development 29,866,476 28,531,700 24,164,693 22,901,967 38,483,138 35,577,041 30,034,318 27,671,804 Land held for development 5,975,589 4,429,397 4,293,807 3,490,318 2,029,056 3,052,126 1,263,765 2,299,947 Sample houses 111,834 119,591 94,375 101,575 236,261 246,768 182,399 200,125 House and condominium for sale 3,137,538 3,460,418 2,536,887 2,910,841 1,804,864 2,694,769 1,428,386 2,003,200 Construction materials 5,256 3,135 3,108 3,014 3,035 3,016 3,023 Total 39,096,693 36,544,141 31,092,778 29,407,724 42,556,454 41,573,812 32,911,882 32,178,111 Less Portion transferred to cost of sales (26,930,26533,155,313) (25,055,37629,703,731) (21,574,32126,208,246) (20,085,04323,430,554) 12,166,428 11,488,765 9,518,457 9,322,681 real estate projects under development Portion transferred to property, plant and equipment (4,67134,104) (14,49434,104) (4,44934,104) (7,75434,104) 9,367,037 11,835,977 6,669,532 8,713,453 house and condominium for sale (1,592) (1,592) (1,371) (1,371) Net 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 30, 2018 (For the nine- month) 9,365,445 11,834,385 6,668,161 8,712,082 As at December 31, 2017 (For the year) As at September 30, 2018 (For the nine- month) 2019 As at December 31, 2017 (For the year) 2019 Finance costs capitalised during the period 227,818 290,948 207,635 295,738 254,845 277,265 235,492 240,246 Rates of interest capitalized (% per annum) 1 4.25 - 6.25 1.00 10.00 4.75 - 6.90 1 10.00 4.25 - 6.25 1.00 10.00 4.75 - 6.90 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 30, 2018 As at December 31, 2017 As at September 30, 2018 As at December 30, 2021 31, 2017 2020 30, 2021 31, 2020 Cost of projects under development 29,866,476 28,531,700 24,164,693 22,901,967 39,019,843 36,689,410 29,810,644 27,912,517 Land held for development 5,975,589 4,429,397 4,293,807 3,490,318 1,738,669 2,899,938 865,082 2,027,691 Sample houses 111,834 119,591 94,375 101,575 190,694 232,369 121,992 171,026 House and condominium for sale 3,137,538 3,460,418 2,536,887 2,910,841 2,697,990 3,172,574 2,479,019 2,831,379 Construction materials 5,256 3,035 3,016 3,023 10,045 3,130 3,005 3,009 Total 39,096,693 36,544,141 31,092,778 29,407,724 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 (26,930,26534,989,632) (25,055,37633,600,896) (21,574,32127,270,796) (20,085,04326,486,521) 12,166,428 11,488,765 9,518,457 9,322,681 real estate projects under development equipment (4,67134,104) (14,49434,104) (4,44934,104) (7,75434,104) 8,633,505 9,362,421 5,974,842 6,424,997 house and condominium for sale (33,264) (37,854) (22,641) (27,231) Net 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 8,600,241 9,324,567 5,952,201 6,397,766 Total 6,861,572 6,424,629 5,087,119 4,370,075 Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2018 2021 31, 2020 30, 2021 31, 2020 (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) Finance costs capitalised capitalized during the period 227,818 290,948 207,635 295,738 156,372 229,873 151,844 206,703 Rates of interest capitalized (% per annum) 1 4.25 - 6.25 1.00 10.00 4.25 - 6.90 1 10.00 4.25 - 6.25 1.00 10.00 4.25 - 6.90 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 Balance as at September 30, 2021 33,264 22,641 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 30, 2018 2022 As at December 31, 2017 2021 As at September 30, 2018 2022 As at December 31, 2017 2021 Cost of projects under development 29,866,476 28,531,700 24,164,693 22,901,967 41,640,343 39,452,396 31,006,702 30,118,291 Land held for development 5,975,589 4,429,397 4,293,807 3,490,318 Sample houses 111,834 119,591 94,375 101,575 1,730,307 1,737,497 1,008,903 865,082 Mock up 149,978 196,687 77,962 125,536 House and condominium for sale 3,137,538 3,460,418 2,536,887 2,910,841 2,128,829 2,481,124 1,831,421 2,253,871 Construction materials 5,256 3,035 3,016 3,023 119 119 - - Total 39,096,693 36,544,141 31,092,778 29,407,724 45,649,576 43,867,823 33,924,988 33,362,780 Less Portion transferred to cost of sales (26,930,26537,011,191) (25,055,37635,540,545) (21,574,32128,371,433) (20,085,04327,613,466) 12,166,428 11,488,765 9,518,457 9,322,681 real estate projects under development Portion transferred to property, plant and equipment (4,67134,104) (14,49434,104) (4,44934,104) (7,75434,104) 8,604,281 8,293,174 5,519,451 5,715,210 house and condominium for sale (14,134) (32,191) (14,133) (21,568) Net 12,161,757 11,474,271 9,514,008 9,314,927 As at 8,590,147 8,260,983 5,505,318 5,693,642 Less Land held for development-non current (1,730,307) (1,737,497) (1,008,903) (865,082) Total 6,859,840 6,523,486 4,496,415 4,828,560 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month period ended September 30, 20182022 2021 2022 2021 Finance costs capitalized during the period 173,799 156,372 122,143 151,845 Land and construction thereon of the Group’s projects have been mortgaged as collateral for loans, debenture and credit facilities from financial institutions. In quarter 3, 2022, the Group and the Company have has made are reversal entry for 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 under development in the period. In Thousand amount of Baht Consolidated Financial Statements Separate Financial Statements As at September 30, 2018 18.06 million (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) Finance costs capitalised during the period 227,818 290,948 207,635 295,738 Rates of interest capitalized (% per annum) 1 - 6.25 1.00 - 6.90 1 - 6.25 1.00 - 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 institutionsCompany : Baht 7.43 million).

REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30December 31, 2018 2020 As at December 31, 2017 As at September 30, 2018 2019 As at December 31, 2017 2020 As at December 31, 2019 Cost of projects under development 29,866,476 28,531,700 24,164,693 22,901,967 36,689,410 35,616,560 27,912,517 27,867,508 Land held for development 5,975,589 4,429,397 4,293,807 3,490,318 2,899,938 3,005,840 2,027,691 2,104,243 Sample houses 111,834 119,591 94,375 101,575 232,369 246,768 171,026 200,125 House and condominium for sale 3,137,538 3,460,418 2,536,887 2,910,841 3,172,574 2,694,769 2,831,379 2,003,200 Construction materials 5,256 3,130 3,108 3,009 3,035 3,016 3,023 Total 39,096,693 36,544,141 31,092,778 29,407,724 42,997,421 41,567,045 32,945,622 32,178,111 Less Portion transferred to cost of sales (26,930,26533,600,896) (25,055,37629,696,964) (21,574,32126,486,521) (20,085,04323,430,554) 12,166,428 11,488,765 9,518,457 9,322,681 real estate projects under development Portion transferred to property, plant and equipment (4,67134,104) (14,49434,104) (4,44934,104) (7,75434,104) 9,362,421 11,835,977 6,424,997 8,713,453 house and condominium for sale (37,854) (1,592) (27,231) (1,371) Net 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. 9,324,567 11,834,385 6,397,766 8,712,082 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 30December 31, 2018 (For the nine- month) 2020 As at December 31, 2017 (For the year) As at September 30, 2018 (For the nine- month) 2019 As at December 31, 2017 (For the year) 2020 As at December 31, 2019 Finance costs capitalised during the period 227,818 290,948 207,635 295,738 year 229,873 277,265 206,703 240,246 Rates of interest capitalized (% per annum) 1 4.25 - 6.25 1.00 10.00 4.75 - 6.90 1 10.00 4.25 - 6.25 1.00 10.00 4.75 - 6.90 10.00 Real estate projects under development recognised as an expense in ‘cost of sales of real estate project’: - 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 30December 31, 2019 As at December 31, 2018 As at December 31, 2017 As at September 30, 2018 2019 As at December 31, 2017 2018 Cost of projects under development 29,866,476 28,531,700 24,164,693 22,901,967 35,512,277 30,143,968 27,722,960 23,906,169 Land held for development 5,975,589 4,429,397 4,293,807 3,490,318 3,000,970 5,321,916 2,248,791 3,925,407 Sample houses 111,834 119,591 94,375 101,575 246,768 259,704 200,125 222,352 House and condominium for sale 3,137,538 3,460,418 2,536,887 2,910,841 2,694,769 3,444,692 2,003,200 2,699,268 Construction materials 5,256 3,107 3,023 3,035 3,016 3,023 3,014 Total 39,096,693 36,544,141 31,092,778 29,407,724 41,457,891 39,173,303 32,178,111 30,756,210 Less Portion transferred to cost of sales (26,930,26529,587,811) (25,055,37627,683,253) (21,574,32123,430,554) (20,085,04322,199,814) 12,166,428 11,488,765 9,518,457 9,322,681 real estate projects under development Portion transferred to property, plant and equipment (4,67134,104) - (34,104) - 11,835,976 11,490,050 8,713,453 8,556,396 house and condominium for sale (1,592) (14,4941,988) (4,4491,371) (7,7541,767) Net 12,161,757 11,474,271 9,514,008 9,314,927 As at September 30, 201811,834,384 11,488,062 8,712,082 8,554,629 In year 2019, the Group and the Company have had decreased in the allowance for decline in value of real estate projects had decreased by Baht 9.82 0.40 million and Baht 3.31 million, respectively, due to the sale in during the periodyear. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30December 31, 2018 (For the nine- month) 2019 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) 2019 As at December 31, 2018 Finance costs capitalised during the period 227,818 290,948 207,635 295,738 year 277,265 276,232 240,246 252,152 Rates of interest capitalized (% per annum) 1 4.75 - 10.00 1.00 - 6.25 4.75 - 10.00 1.00 - 6.90 1 6.25 Real estate projects under development recognised as an expense in ‘cost of sales of real estate project’: - 6.25 1.00 Cost of sale 1,913,443 2,487,288 1,233,738 1,994,888 - 6.90 Net realizable value adjustment (396) (12,505) (396) (5,987) Total 1,913,047 2,474,783 1,233,342 1,988,901 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 30March 31, 2018 2021 As at December 31, 2017 2020 As at September 30March 31, 2018 2021 As at December 31, 2017 2020 Cost of projects under development 29,866,476 28,531,700 24,164,693 22,901,967 38,413,992 36,689,410 29,448,552 27,912,517 Land held for development 5,975,589 4,429,397 4,293,807 3,490,318 1,737,774 2,899,938 865,082 2,027,691 Sample houses 111,834 119,591 94,375 101,575 234,825 232,369 173,220 171,026 House and condominium for sale 3,137,538 3,460,418 2,536,887 2,910,841 2,846,290 3,172,574 2,634,932 2,831,379 Construction materials 5,256 3,035 3,016 3,023 10,050 3,130 3,009 3,009 Total 39,096,693 36,544,141 31,092,778 29,407,724 43,242,931 42,997,421 33,124,795 32,945,622 Less Portion transferred to cost of sales (26,930,26534,137,107) (25,055,37633,600,896) (21,574,32126,788,842) (20,085,04326,486,521) 12,166,428 11,488,765 9,518,457 9,322,681 real estate projects under development Portion transferred to property, plant and equipment (4,67134,104) (14,49434,104) (4,44934,104) (7,75434,104) 9,071,720 9,362,421 6,301,849 6,424,997 house and condominium for sale (36,050) (37,854) (25,427) (27,231) Net 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 9,035,670 9,324,567 6,276,422 6,397,766 Less Land held 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. 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 30March 31, 2018 2021 (For the nine- three-month) As at December 31, 2017 2020 (For the year) As at September 30March 31, 2018 2021 (For the nine- three-month) As at December 31, 2017 2020 (For the year) Finance costs capitalised capitalized during the period 227,818 290,948 207,635 295,738 50,132 229,873 49,472 206,703 Rates of interest capitalized (% per annum) 1 4.25 - 6.25 1.00 10.00 4.25 - 6.90 1 10.00 4.25 - 6.25 1.00 10.00 4.25 - 6.90 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 30, 2018 As at December 31, 2017 As at September 30, 2018 As at December 31, 2017 Cost of projects under development 29,866,476 28,531,700 24,164,693 22,901,967 33,492,905 30,143,968 26,497,304 23,906,169 Land held for development 5,975,589 4,429,397 4,293,807 3,490,318 3,503,528 5,321,916 2,415,526 3,925,407 Sample houses 111,834 119,591 94,375 101,575 247,768 259,704 209,691 222,352 House and condominium for sale 3,137,538 3,460,418 2,536,887 2,910,841 3,584,873 3,444,692 2,541,369 2,699,268 Construction materials 5,256 3,035 3,016 3,023 6,861 6,541 3,025 3,014 Total 39,096,693 36,544,141 31,092,778 29,407,724 40,835,935 39,176,821 31,666,915 30,756,210 Less Portion transferred to cost of sales (26,930,26529,170,266) (25,055,37627,683,253) (21,574,32123,140,915) (20,085,04322,199,814) 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 (4,6711,988) (14,4941,988) (4,4491,767) (7,7541,767) Net 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 11,663,681 11,491,580 8,524,233 8,554,629 Consolidated Financial Statements Separate Financial Statements 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) Finance costs capitalised during the period 227,818 290,948 207,635 295,738 204,691 276,232 175,515 252,152 Rates of interest capitalized (% per annum) 1 4.75 - 10.00 1.00 - 6.25 4.75 - 10.00 1.00 - 6.90 1 - 6.25 1.00 - 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.