Subsidiary Companies
Myanmar NWR Company Limited

In 2000, the Company invested in Myanmar NWR Company Limited situated at International Business Center, Suite No.106, 88 Pyay Road, Hlaing Township, Yangon, Myanmar. The Company holds 100 percent of the shares for the purpose of supporting expansion of its construction contracting in The Union of Myanmar. The registered capital totals Kyat 1,000,000. The paid-up capital amounts to Kyat 500,000 or about three million Baht. The subsidiary has not yet operated due to the Myanmar economy.

Utility Business Alliance Company Limited

In 2001, the Company invested in Utility Business Alliance Company Limited providing wastewater treatment construction. The investment represents 60 percent of the Baht 40-million registered capital with paid-up capital amounting to Baht 20 million.

NWR (Cambodia) Company Limited

In 2007, NWR (Cambodia) Company Limited was set up to service Cambodian clients with the anagement and supervision of construction projects. The Company invested with ordinary shares which equal USD. 505 represent¬ing 100 percent of its paid-up capital. Annual Report 2009 11

Mana Patanakarn Company Limited

In April, 2013, the Company invested in ManaPatanakarn Company Limited holding its 1,999,400 ordinary shares with each share valued at Baht 100, totaling around baht 200 million representing 100 percent of the registered capital of such a company, which was registered with the Ministry of Commerce on April 5, 2013.

In 2014 Mana Patanakarn Company Limited has registered capital of 200 million baht as a capital of 600 million baht and current paid-up capital of 572 million baht, as already mentioned.

Advance Perfab Company Limited

In December, 2013, the Company made an investment in Advanced Pre-fab Company Limited, a newly founded company with a registered capital totaling 1 million baht. The Company holds 100 percent This Company was registered with the Ministry of Commerce on December, 12 2013

On January 8, 2014, Advanced Prefabs Company Limited registered its capital increase with the Ministry of Commerce, from the original amount of 1 million baht (10,000 ordinary shares with each valued 100 baht) to 100 million baht (1,000,000 ordinary shares with each valued 100 baht). Also, on November 6, 2014, Advanced Prefabs Company Limited registered another capital increase from 100 to 200 million baht (consisting of 2,000,000 ordinary shares with each valued 100 baht) with 85% paid-up shares. The company has paid for ordinary capital increase seven times: 25 million baht in January 2014, 10 million baht in June 2014, 30 million baht in July 2014, 35 million baht in August 2014, 50 million baht in November 2014, and another 20 million baht in February 2015, totaling 170 million baht. The investment proportion remains intact (100%).