(Mr. Wanchai Sarathulthat)
Chairman of the Board

The year 2017 is another remarkable year for Golden Land Property Development PLC as the Company has achieved continuous and sustained growth and improvement, which clearly reflects the consequences of successful implementation of effective business plans relating to value-added property investment and development of new projects. In addition, with an aim to enhance its business agility and to make our business operation consistent with our financial allies, the Company has altered its fiscal year and operated on a fiscal calendar of 1st October - 30th September.

With regard to residential development, especially in Bangkok and its vicinity, the increase of customers’ confidence combined with the expanding transportation network connecting outskirts to the city has yielded positive results to the Company’s residential projects. These trends also signal that the competition in townhome market will intensify. Realizing the necessity of developing new strategy for future’s newly emerging markets, this year, the board of directors approved the first townhome project in the countryside, which received an impressive response with over Baht 700 million sales.

In addition, the business of renting office space has thus far shown the sign of continuous expanding. This is partly because the demand for office space from both Thai and transnational companies has been increasing constantly. Rental rates for Grade A office space continue to rise and are expected to increase further due to high demand but limited supply.

On behalf of the chairman of the board of Golden Land Property Development, PLC I would like to express my sincere gratitude to the shareholders and all related stakeholders for their complete trust and full support to our company. I would like to reassure that all members of the board, the executive committee, and staff will be entirely committed to and tirelessly devote to making our company a leading real estate development company in Thailand.

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