Annual report 2005

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Report of the Audit Committee
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20. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 17
To Shareholders
L.P.N. Development Public Company Limited
The Companyûs Board of Directors appointed the Audit Committee by selecting directors who are distinguished
and independent being three persons, with effect from 1 February 2004, namely, Prof. Siri Keiwalinsrit acting as
chairman, Mr. Thep Roongtanapirom and Mr. Vudhiphol Suriyaphivadh as directors, and on 22 December 2005,
Mr. Amornsuk Noparumpa to be another audit committee member expert on legal matters to cooperate with the
existing directors, making total 4 members of this Committee.
The Audit Committee has performed their duties under the responsibilities assigned by the Companyûs Board
of Directors consistent with the requirements of the Stock Exchange of Thailand and held 4 meetings in 2005 and
discussion with the management, the certified auditor and the internal auditor within the specified timeframe. In every
meeting, the Audit Committee expressed their opinion and made comments on an as-is basis and then independently
reported to the Boardûs Meeting. The material points are:
1. To review and approve every quarterly financial statement and annual balance sheet that was prepared
under generally accepted auditing standards to ascertain that the information is disclosed adequately
before presenting to the Companyûs Board of Directors for their approval.
2. To review disclosure of the relevant transactions and the transactions that incurred conflict of interests to
be in conformity with the standards of the Stock Exchange of Thailand.
3. To review that the Company constantly complied with the law and requirements of the Stock Exchange
of Thailand.
4. To constantly follow up and promote the corporate governance process development of the Company.
5. To consider appointment of D I A Audit Office to be the Companyûs auditor of 2006 for another one year
period with the remuneration of Baht 1.06 Million or for further presentation to the Shareholders General
Meeting.
6. To consider and propose the annual audit plan and report the audit results from the Internal Audit
Department and also to promote personnel development to be more efficient and more skilled according
to international professional standards.
The Audit Committe considered that the Board adopted the proper preparation process and financial information
disclosed in the financial statements and the adequate internal control system.
On behalf of the Chairman of Audit Committe
Prof. Siri Keiwalinsrit
Chairman of Audit Committee
8th
February 2006

21. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)18
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22. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 19
Report of responsibilities over financial statements audit and corporate governance
The Company has always paid attention to the internal control. In this regard, the Companyûs Board of Directors
assigned the Audit Committee to review appraisal on internal control system intended to make available, adequate ad
proper for the business, and to smoothen the performance, property control, financial system, risk managements, and
performance supervision to be at its best effective.
From internal audit results in 2006, it found out that no situations related to the Companyûs internal control which
were deemed as the material weakness that may impact the financial statements in any respects.
The Audit Committee was opinion that the Company had the adequate and proper preparation process and
internal control system.

23. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)20
The Companyûs Background
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∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π) ‡ªìπºŸâ√—∫º‘¥™Õ∫¥â“π°“√∫√‘À“√°“√µ≈“¥ °“√¢“¬ ·≈–°“√°àÕ √â“ß
∑—Èß‚§√ß°“√
ªï 2545 - µ“¡¡µ‘∑’˪√–™ÿ¡„À≠à “¡—≠ºŸâ∂◊ÕÀÿâπª√–®”ªï2545‡¡◊ËÕ«—π∑’Ë30‡¡…“¬π2545¡’¡µ‘„Àâ≈¥∑ÿπ®¥∑–‡∫’¬π®“°‡¥‘¡3,983,000,000.00
∫“∑ ( “¡æ—π‡°â“√âÕ¬·ª¥ ‘∫ “¡≈â“π∫“∑∂â«π) ≈߇À≈◊Õ‡æ’¬ß 460,000,000.00 ∫“∑ ( ’Ë√âÕ¬À° ‘∫≈â“π∫“∑∂â«π) ·≈–
∑”°“√‡æ‘Ë¡∑ÿπÕ’° 75,000,000.00 Àÿâπ (‡®Á¥ ‘∫Àâ“≈â“πÀÿâπ) §‘¥‡ªìπ®”π«π‡ß‘π 750,000,000.00 ∫“∑ (‡®Á¥√âÕ¬Àâ“ ‘∫≈â“π∫“∑
∂â«π) ´÷Ë߇¡◊ËÕ√«¡∑ÿπ®¥∑–‡∫’¬π™”√–·≈⫇¥‘¡®”π«π 460,000,000.00 ∫“∑ ( ’Ë√âÕ¬À° ‘∫≈â“π∫“∑) ∑”„Àâ∫√‘…—∑¡’∑ÿπ®¥∑–‡∫’¬π
„πªï 2545 ∑—Èß ‘Èπ 1,210,000,000.00 ∫“∑ (Àπ÷Ëßæ—π Õß√âÕ¬ ‘∫≈â“π∫“∑) ‚¥¬‡ªìπ∑ÿπ∑’Ë™”√–·≈â« ≥ «—π∑’Ë 29 ¡°√“§¡ 2547
®”π«π 946,826,190.00 ∫“∑ (‡°â“√âÕ¬ ’Ë ‘∫À°≈â“𷪥· π ÕßÀ¡◊ËπÀ°æ—πÀπ÷Ëß√âÕ¬‡°â“ ‘∫∫“∑∂â«π)
- §≥–°√√¡°“√∫√‘…—∑ ‡ πÕ·µàßµ—Èß𓬪°√≥å ∑«’ ‘π „À⥔√ßµ”·Àπàß √Õߪ√–∏“π°√√¡°“√∫√‘…—∑ µàÕ∑’˪√–™ÿ¡ºŸâ∂◊ÕÀÿâπ

24. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 21
ªï 2546 - „π‚Õ°“ ∑’Ë∫√‘…—∑‰¥â¥”‡π‘π∏ÿ√°‘®®π§√∫ 15 ªï „πªï 2547 π’È ∫√‘…—∑®÷߉¥â®—¥°‘®°√√¡µà“ßÊ ¿“¬„µâ‚§√ß°“√ ç15 ªï ∑’˺Ÿ°æ—πé
‡æ◊ËÕ¢Õ∫§ÿ≥≈Ÿ°§â“ ºŸâ¡’Õÿª°“√§ÿ≥ ´÷Ëß„Àâ°“√ π—∫ πÿπµàÕ∫√‘…—∑‡ªìπÕ¬à“ߥ’µ≈Õ¥¡“ πÕ°®“°π’È ¬—߉¥â π—∫ πÿπ„π°‘®°√√¡
“∏“√≥°ÿ»≈µà“ßʇ™àπ°“√ π—∫ πÿπ‡ß‘π∑ÿπ‡æ◊ËÕ„™â„π®—¥ √â“ß π“¡‡∑ππ‘ ‡æ◊ËÕ‡¬“«™πÀ√◊Õ°“√∫√‘®“§‡ß‘π„Àâ·°à ¿“°“™“¥‰∑¬
‡æ◊ËÕ®—¥´◊ÈÕÕÿª°√≥å∑’Ë„™â„π‡§√◊ËÕß°√Õ߉µ ”À√—∫™à«¬‡À≈◊ÕºŸâªÉ«¬‚√§‰µ‡√◊ÈÕ√—ß√–¬– ÿ¥∑⓬
- ∫√‘…—∑‰¥â≈ßπ“¡„π —≠≠“„À⇙à“æ◊Èπ∑’ËÕ“§“√≈ÿ¡æ‘π’ ‡√ ´‘‡¥π´å ∑—ÈßÕ“§“√ °—∫ ∫√‘…—∑ √’‡ÕÕ‘ (ª√–‡∑»‰∑¬) ®”°—¥ ‡æ◊ËÕ¢¬“¬
∏ÿ√°‘®¥â“π Serviced Apartment ·≈– °“√„Àâ∫√‘°“√‡™à“æ—°„π≈—°…≥– Long Stay ·°à≈Ÿ°§â“™“«≠’˪ÿÉπ
- ∫√‘…—∑‰¥â‡æ‘Ë¡ —¥ à«π°“√≈ß∑ÿπ„π∫√‘…—∑ ·°√π¥å ¬Ÿπ‘µ’È ¥‘‡«≈≈ÁÕª‡¡π∑å ®”°—¥ ®“°‡¥‘¡ 25% ‡ªìπ 33.33 % ‡æ◊ËÕ¢¬“¬™àÕß
∑“ß°“√æ—≤𓂧√ß°“√ °“√µ≈“¥ ·≈–º≈‘µ¿—≥±å √«¡∂÷ß°“√‡æ‘Ë¡æ—π∏¡‘µ√∑“ß∏ÿ√°‘®
ªï 2547 - ∑’˪√–™ÿ¡„À≠à “¡—≠ºŸâ∂◊ÕÀÿâπª√–®”ªï 2547 ´÷Ëß®—¥ª√–™ÿ¡‡¡◊ËÕ«—π∑’Ë 7 ‡¡…“¬π 2547 ¡’¡µ‘„À⇪≈’ˬπ·ª≈ß¡Ÿ≈§à“Àÿâπ∑’˵√“‰«â
®“°‡¥‘¡Àÿâπ≈– 10 ∫“∑ ‡ªìπÀÿâπ≈– 1 ∫“∑ ∑”„Àâ®”π«πÀÿâπ¢Õß∫√‘…—∑‡æ‘Ë¡¢÷Èπ®“°‡¥‘¡ 121,000,000 Àÿâπ (Àπ÷Ëß√âÕ¬¬’Ë ‘∫‡ÕÁ¥
≈â“πÀÿâπ) ‡ªìπ 1,210,000,000Àÿâπ(Àπ÷Ëßæ—π Õß√âÕ¬ ‘∫≈â“πÀÿâπ)πÕ°®“°π’Ȭ—߉¥âÕπÿ¡—µ‘°“√‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π®”π«π276,706,550
Àÿâπ ( Õß√âÕ¬‡®Á¥ ‘∫À°≈â“π‡®Á¥· πÀ°æ—πÀâ“√âÕ¬Àâ“ ‘∫Àÿâπ) ¡Ÿ≈§à“∑’˵√“‰«âÀÿâπ≈– 1 ∫“∑ (Àπ÷Ëß∫“∑∂â«π) √«¡‡ªìπ∑ÿπ®¥
∑–‡∫’¬π∑—Èß ‘Èπ 1,486,706,550 ∫“∑ (Àπ÷Ëßæ—π ’Ë√âÕ¬·ª¥ ‘∫À°≈â“π‡®Á¥· πÀ°æ—πÀâ“√âÕ¬Àâ“ ‘∫∫“∑∂â«π) ·∫à߇ªìπÀÿâπ “¡—≠
1,486,706,550 Àÿâπ (Àπ÷Ëßæ—π ’Ë√âÕ¬·ª¥ ‘∫À°≈â“π‡®Á¥· πÀ°æ—πÀâ“√âÕ¬Àâ“ ‘∫Àÿâπ) ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑ (Àπ÷Ëß∫“∑∂â«π)
- ∫√‘…—∑‰¥â¥”‡π‘πß“πÕ¬à“ßµàÕ‡π◊ËÕßµ“¡‚§√ß°“√ 15 ªï ∑’˺Ÿ°æ—π ‡æ◊ËÕ¢Õ∫§ÿ≥≈Ÿ°§â“ æ—π∏¡‘µ√ æπ—°ß“π´÷Ë߇ªìπºŸâ¡’Õÿª°“√§ÿ≥
¥â«¬°‘®°√√¡µà“ßÊ ‡™àπ °“√„Àâ∫√‘°“√µ√«®‡™Á§√–∫∫ß“π„πÀâÕß™ÿ¥≈Ÿ°§â“ø√’ °“√¡Õ∫Õÿª°√≥å ·≈–‡§√◊ËÕß„™â∑’Ë®”‡ªìπ·°à
𑵑∫ÿ§§≈Õ“§“√™ÿ¥µà“ßÊ ‡æ◊ËÕ„™â‡ªìπª√–‚¬™πå à«π°≈“ß °“√®—¥§Õπ‡ ‘√åµ°“√°ÿ»≈√à«¡°—∫µ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬
‡æ◊ËÕ¡Õ∫√“¬‰¥â„Àâ·°àÕߧå°√°“√°ÿ»≈ °“√®—¥°‘®°√√¡ ç15 ªï∑’˺Ÿ°æ—π √à«¡·∫àߪíπ Ÿà∫â“π‡¥Á°ÕàÕπæ≠“‰∑é ·≈–°“√¡Õ∫∑ÿπ
°“√»÷°…“„Àâ·°à∫ÿµ√æπ—°ß“𠇪ìπµâπ
- ∫√‘…—∑‰¥â√—∫‡™‘≠®“°µ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬ „À⇢â“√à«¡ß“π çThailand Focus 2004é ‡æ◊ËÕ𔇠πÕº≈ª√–°Õ∫°“√
π‚¬∫“¬ ∑‘»∑“ß °≈¬ÿ∑∏å ·≈–·ºπ°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑ µàÕºŸâ∫√‘À“√√–¥—∫ Ÿß¢Õß°Õß∑ÿπ ºŸâ®—¥°“√°Õß∑ÿπ ·≈–ºŸâ≈ß∑ÿπ
∂“∫—π™—Èππ”®“°µà“ߪ√–‡∑»
ªï 2548 - ∫√‘…—∑‰¥â√—∫°“√®—¥Õ—π¥—∫À≈—°∑√—æ¬åÕ¬Ÿà„π¥—™π’ SET Index 100 ¢Õßµ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬ ‚¥¬ª√–°“» ≥ «—π∑’Ë 18
‡¡…“¬π 2548 πÕ°®“°π’Ȭ—߉¥â√—∫°“√®—¥Õ—π¥—∫„À⇪ìπ 1 „π 93 ∫√‘…—∑®¥∑–‡∫’¬π„πµ≈“¥À≈—°∑√—æ¬å„πªï 2548 ∑’ˉ¥â√—∫°“√
ª√–‡¡‘πº≈°“√¥”‡π‘πß“π¥â“π°“√°”°—∫¥Ÿ·≈°‘®°“√¥’‡¥àπ„π°≈ÿà¡ Top Quartile ®“°°“√ª√–‡¡‘π‚¥¬ ¡“§¡ à߇ √‘¡ ∂“∫—π
°√√¡°“√∫√‘…—∑‰∑¬ (IOD) ‚¥¬∫√‘…—∑‰¥â√—∫°“√®—¥Õ—π¥—∫„π°≈ÿà¡ Top Quartile µ‘¥µàÕ°—π‡ªìπªï∑’Ë 3
- »“ µ√“®“√¬å‚¡√“ ∫ÿ≥¬º≈ ª√–∏“π°√√¡°“√∫√‘…—∑ ‰¥â∂÷ß·°à°√√¡‡¡◊ËÕ«—π∑’Ë 30 °√°Æ“§¡ 2548 ·≈–®“°°“√ª√–™ÿ¡
§≥–°√√¡°“√∫√‘…—∑ §√—Èß∑’Ë 4/2548 ‰¥â¡’¡µ‘·µàßµ—Èß π“¬ª°√≥å ∑«’ ‘π „À⥔√ßµ”·Àπàß ª√–∏“π°√√¡°“√∫√‘…—∑ ‚¥¬¡’º≈
µ—Èß·µà«—π∑’Ë 11 ‘ßÀ“§¡ 2548
- ∫√‘…—∑‰¥â·µàßµ—Èßπ“¬Õ¡√»—°¥‘Ï πæ√—¡¿“ „À⥔√ßµ”·Àπàß°√√¡°“√·≈–°√√¡°“√µ√«® Õ∫ ‚¥¬¡’º≈µ—Èß·µà«—π∑’Ë 22 ∏—𫓧¡
2548 √«¡∂÷߉¥â·µàßµ—Èߧ≥–°√√¡°“√µ√«® Õ∫™ÿ¥‡¥‘¡„À⥔√ßµ”·ÀπàßÕ’°«“√–Àπ÷Ëß √–À«à“ß«—π∑’Ë 1 °ÿ¡¿“æ—π∏å 2549 ∂÷ß«—π∑’Ë
30 ‡¡…“¬π 2551

25. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)22
1989 - Established the Company with Baht 50 Million registered capital on 21 June 1989 to develop Lumpini Tower Project.
1990 - Invested in Pornsanti Co., Ltd. in proportion of 20.00%.
1992 - Incorporated Lumpini Property Management Co.,Ltd. having 99.98% of its shares held by the Company, in order
to manage the various projects of condominiums developed by the Company and subsidiary-companies; and
also ones developed by other real estates companies.
1993 - Increased the proportion of investment by holding of 99.99% of the paid-up capital of Baht 200 Million in Pornsanti
Co., Ltd..
1994 - Effect the registration of conversion into public limited company on 21 June 1994-registration No. BorMorJor.477.
- The Company was listed at the Stock Exchange of Thailand with the Securities named çLPNé.
- Issued ordinary shares to increase the capital and distribute among public for 9.2 Million shares of Baht 10 par
value with offering value per share of Baht 64.
- Increased the capital to be Baht 460 million on 4 November 1994.
1997 - Expands scope of services of Lumpini Property Management Co.,Ltd. to cover and support the marketûs needs.
- Reorganized the Company and enhance capacity of the employees compatible to economical recession.
1999 - On 26 July 1999, the Company had appointed Cathay Asset Management Co., Ltd. as the consultant in respect
of restructuring and increase of the Companyûs capital by jointly formulating the negotiation trend on restructuring
with each creditor, and also planning for the Companyûs increase of capital.
- The Company enjoyed success in restructuring with financial institutes for the total obligation of value Baht
3,305.93 Million.
- Board of Directors of L.P.N. Development Public Company Limited had held the Extraordinary General Meeting of
Shareholders No. 1/1999 on 4 October 1999 for consideration on the increase of the Companyûs capital from Baht
460,000,000 (Four Hundred Sixty Million Baht Only) to Baht 3,983,000,000 (Three Thousand Nine Hundred Eighty
Three Million Baht Only) by the creation of 352,300,000 (Three Hundred Fifty Two Million and Three Hundred
Thousand) new ordinary shares, each of par value 10 Baht, making up the total amount of Baht 3,523,000,000
(Three Thousand Five Hundred Twenty Three Million Baht Only)
2000 - On 1 February 2000, the Companyûs Board of Directors considered and appointed the Audit Committee and also
determined the scope, power, duties, and responsibility pursuant to the criteria on business supervision of the
Stock Exchange of Thailand.
2001 - Launched Lumpini Place Sathorn Project-the residential condominium valued Baht 750 Million, which was the only
residential condominium opened in the economical recession period and achieved a satisfactory response; and also
Lumpini Center Project (Happyland) Phase 3, the residential condominium in Bangkapi area. As the project
development policy rules the occupancy of the customers within a 1-year period, as a result the construction works
were completed and all of the revenue was recognized in 2002. There were continuous promotion activities held.
- In September 2001, the Company agreed to enter into a joint venture agreement with Uni-Venture Public
Company Limited, Sansiri Public Company Limited and Yaowawong Co., Ltd. setting up Grand Unity Co., Ltd. for
the purpose of development of the WaterCliff Project the residential condominium in Rama III area, that had
been postponed since 1997, due to the economic crisis. The said joint venture company developed the project
under the new name çLumpini Place Water Cliffé having L.P.N. Development Public Company Limited responsible
for marketing administration, sales and construction work of the whole project.
- The Companyûs Board of Directors considered and appointed the former Audit Committee.
2002 - Subject to the resolution of Ordinary Meeting of Shareholders 2002, the meeting resolved on 30 April 2002 to
decrease the registered capital from Baht 3,983,000,000.00 (Three Thousand Nine Hundred Eighty Three Million
Baht Only) to Baht 460,000,000.00 (Four Hundred Sixty Million Baht Only) and later increased the capital to

26. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 23
75,000,000.00 shares (Seventy Five Million shares) of value Baht 750,000,000.00 (Seven Hundred Fifty Million Baht
Only) when added up to the existing registered capital of Baht 460,000,000.00 (Four Hundred Sixty Million Baht
Only), then the Company had total registered capital of 2002 in amount of Baht 1,210,000,000.00 (One Thousand
Two Hundred Ten Million Baht Only)
- The Companyûs Board of Directors resolved to appoint Mr. Pakorn Thavisin as the Vice Chairman of the
Companyûs Board of Directors.
2003 - On the occasion that the Company had been carried on for 15th year in 2004, the Company had held various
events under the é15 years of bonded relationshipé to express the gratitude to the honoured customers and
supporters who have provided the Company with the loyal support all along and also subsidised the charitable
events such as subsidisation of fund in construction of tennis court for youth or contribution to Thai Red Cross
Society to buy the dialysis equipment in assistance of terminal chronic nephritic patient.
- The Company entered into the Agreement to lease out the whole area of Lumpini Residence building with Riei
(Thailand) Co. Ltd. for the expansion purpose of the business in field of serviced apartment and rental for long
stay for the Japanese customers.
- Increase the proportion of investment in Grand Unity Development Co.,Ltd. from 25% to 33.33% in order to enlarge
the opportunity in development of project, marketing, and products including to increase the business alliance.
2004 - The Annual General Shareholdersû Meeting of 2004 held on 7th April 2004 resolved to change the par value from
Baht 10 to Baht 1, increasing the number of shares from 121,000,000 shares to 1,210,000,000 shares. In the said
meeting it also resolved to register the increase of the Companyûs Capital to be 276,706,550 shares (Two Hundred
Seventy Six Million Seven Hundred Six Thousand Five Hundred Fifty Shares) at par value Baht 1 making a total
registered capital of Baht 1,486,706,550 (One Billion Four Hundred Eighty Six Million Seven Hundred Six Thousand
Five Hundred Fifty Baht Only) divided into 1,486,706,550 ordinary shares (One Billion Four Hundred Eighty Six Million
Seven Hundred Six Thousand Five Hundred Fifty Shares) valued Baht 1 (One Baht Only).
- The Company, following ç15 years of bonded relationshipé project, had pursued events to express gratitude to all
customers, partners, staff, and through various activities, i.e., free inspection of systems installed in the customerûs
units, giving out the essential equipment to be used for mutual benefit for any juristic condominiums, holding
(in cooperation with the Stock Exchange of Thailand) a charity concert to donate the proceeds to the charity
organizations, arranging the ç15 years of bonded relationship sharing to Phayathai Babiesû Homeé and awarding
scholarship to the employeeûs child etc.
- The Company was invited by the Stock Exchange of Thailand to participate çThailand Focus 2004é events to
present the operational results, policies, directions, strategies and operational plans of the Company to foreign
high calibre executives, managers of funds and investors from leading institutes.
2005 - The Company had its securities ranked in SET Index 100 of Stock Exchange of Thailand which was published on
18th
April 2005 and was also ranked in 2005 to be 1 of 93 listed companies in the Stock Exchange of Thailand and
was awarded an appraisal of operational results for outstanding good governance in the Top Quartile group
selected by the Thai Institution of Directors Association (IOD). This time was the 3rd
year straight that the Company
was honoured to be ranked in the Top Quartile group.
- Professor Mora Bunyaphala, Chairman of the Board of Directors, passed away on 30th
July 2005. The Boardûs
Meeting No. 4/2005 appointed Mr. Pakorn Thavisin to assume the post of Chairman of the Companyûs Board with
effect on 11th August 2005.
- Mr. Amornsuk Noparumpa was appointed to be director and a member of the Audit Committee with effect on
22nd
December 2005. The incumbent Audit Committee were re-appointed to resume their offices during 1st
February 2006 to 30th
April 2008.

27. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)24
Investment Structure
º—ß‚§√ß √â“ß°“√≈ß∑ÿπ
º—ß‚§√ß √â“ß°“√≈ß∑ÿπ¢Õß∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π) „π∫√‘…—∑Õ◊Ëπ ´÷Ëß∂◊ÕÀÿâπ√âÕ¬≈– 10 ¢÷Èπ‰ª ≥ ‡¥◊Õπ
∏—𫓧¡ 2548
∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)
«—π°àÕµ—Èß∫√‘…—∑ 21 ¡‘∂ÿπ“¬π 2532
™π‘¥¢ÕßÀÿâπ Àÿâπ “¡—≠
®”π«πÀÿâπ 1,486,706,550 Àÿâπ
™”√–·≈â« 1,475,698,768 Àÿâπ*
¡Ÿ≈§à“Àÿâπ≈– 1.00 ∫“∑
∑ÿπ®¥∑–‡∫’¬π 1,486,706,550 ∫“∑
∑ÿπ™”√–·≈â« 1,475,698,768 ∫“∑
(≥ 12 µÿ≈“§¡ 2548)
99.99% 100% 33.33%
∫√‘…—∑ æ√ —𵑠®”°—¥ ∫√‘…—∑ ≈ÿ¡æ‘π’ æ√Õæ‡æÕ√åµ’È ¡“‡π®‡¡π∑å ®”°—¥ ∫√‘…—∑ ·°√π¥å ¬Ÿπ‘µ’È ¥‘‡«≈≈ÁÕª‡¡π∑å ®”°—¥
«—π°àÕµ—Èß∫√‘…—∑ 14 惻®‘°“¬π 2533 «—π°àÕµ—Èß∫√‘…—∑ 2 ‡¡…“¬π 2535 «—π°àÕµ—Èß∫√‘…—∑ 7 °—𬓬π 2544
™π‘¥¢ÕßÀÿâπ Àÿâπ “¡—≠ ™π‘¥¢ÕßÀÿâπ Àÿâπ “¡—≠ ™π‘¥¢ÕßÀÿâπ Àÿâπ “¡—≠
®”π«πÀÿâπ 200,000 Àÿâπ ®”π«πÀÿâπ 10,000 Àÿâπ ®”π«πÀÿâπ 5,000,000 Àÿâπ
¡Ÿ≈§à“Àÿâπ≈– 1,000.00 ∫“∑ ¡Ÿ≈§à“Àÿâπ≈– 100.00 ∫“∑ ¡Ÿ≈§à“Àÿâπ≈– 10.00 ∫“∑
∑ÿπ®¥∑–‡∫’¬π 200.00 ≈â“π∫“∑ ∑ÿπ®¥∑–‡∫’¬π 1.00 ≈â“π∫“∑ ∑ÿπ®¥∑–‡∫’¬π 50.00 ≈â“π∫“∑
* ‡ªìπ∑ÿπ™”√–·≈â«·≈–®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ∑’Ë°√–∑√«ßæ“≥‘™¬å ≥ «—π∑’Ë 12 µÿ≈“§¡ 2548
À¡“¬‡Àµÿ - ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π) ¥”‡π‘π∏ÿ√°‘®¥â“π°“√æ—≤π“Õ“§“√™ÿ¥æ—°Õ“»—¬
- ∫√‘…—∑ æ√ —𵑠®”°—¥ ¥”‡π‘π∏ÿ√°‘®¥â“π°“√æ—≤π“Õ“§“√™ÿ¥æ—°Õ“»—¬ ªí®®ÿ∫—π‰¥â§«∫√«¡°‘®°“√·≈–‡ªìπ∫√‘…—∑¬àÕ¬
- ∫√‘…—∑ ≈ÿ¡æ‘π’ æ√Õæ‡æÕ√åµ’È ¡“‡π®‡¡π∑å ®”°—¥ ‡ªìπ∫√‘…—∑¬àÕ¬∑’Ë¥”‡π‘π∏ÿ√°‘®¥â“π°“√∫√‘À“√Õ“§“√™ÿ¥ ∫√‘À“√ß“π¢“¬ ·≈–∫√‘À“√ß“π°àÕ √â“ß
- ∫√‘…—∑ ·°√π¥å ¬Ÿπ‘µ’È ¥‘‡«≈≈ÁÕª‡¡π∑å ®”°—¥ ‡ªìπ∫√‘…—∑√à«¡∑ÿπ´÷Ëߥ”‡π‘π∏ÿ√°‘®¥â“π°“√æ—≤π“Õ“§“√™ÿ¥·≈–∑“«πå‡Œâ“ å ‚¥¬¡ÿà߇πâπ°“√æ—≤π“
‚§√ß°“√∑’Ë™–≈Õ°“√°àÕ √â“ß®“°™à«ß«‘°ƒµ‘‡»√…∞°‘®

28. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 25
Investment Structure of L.P.N. Development Public Company Limited in the other companies in which the
Company holds over 10% of their shares as at December 2005
L.P.N. Development Public Company Limited
Register Date: 21 June 1989
Type of shares: Ordinary
Number of shares: 1,486,706,550 shares
Paid-up shares: 1,475,698,768 shares *
Par value: 1.00 Baht
Capital Registered : 1,486,706,550 Baht
Issued and paid-up capital: 1,475,698,768 Baht
(12 October 2005)
Pornsanti Co., Ltd. Lumpini Property Management Co., Ltd. Grand Unity Development Co., Ltd.
Register Date: 14 November 1990 Register Date: 2 April 1992 Register Date: 7 September 2001
Type of shares: Ordinary Type of shares: Ordinary Type of shares: Ordinary
Number of shares: 200,000 shares Number of shares: 10,000 share Number of shares: 5,000,000 share
Par value: 1,000.00 Baht Par value: 100.00 Baht Par value: 10.00 Baht
Capital Registered: 200.00 Million Baht Capital Registered: 1.00 Million Baht Capital Registered: 50.00 Million Baht
* The paid-up capital being registered for the increase of capital at Ministry of Commerce on 12th
October 2005
Remark - L.P.N. Development Public Company Limited operate in residential and
office condominium development.
- Pornsanti Co., Ltd. operate in residential condominium development.
- Lumpini Property Management Co.,Ltd. operate in property management services.
- Grand Unity Development Co., Ltd. is a joint venture company operate in condominium and townhouse development.
99.99% 100% 33.33%

29. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)26
Corporate Organization Chart
º—ß‚§√ß √â“ßÕߧå°√
§≥–°√√¡°“√∫√‘…—∑
Board of Directors
§≥–°√√¡°“√∫√‘À“√
Executive Directors
§≥–°√√¡°“√µ√«® Õ∫
Audit Committee
∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)
L.P.N. Development Public Company Limited
°√√¡°“√ºŸâ®—¥°“√
Managing Director
“¬ß“π∫√‘À“√ß“π°àÕ √â“ß
Construction Management
“¬ß“π ”π—°°√√¡°“√
Directorsû Office
“¬ß“π∫√‘À“√°“√‡ß‘π
Corporate Finance
ΩÉ“¬∫—≠™’
Accounting Dept.
ΩÉ“¬ ”π—°°√√¡°“√
Directorsû Office Dept.
ΩÉ“¬∫√‘À“√ß“π°àÕ √â“ß
Construction Dept.
√Õß°√√¡°“√ºŸâ®—¥°“√
Deputy Managing Director
ΩÉ“¬°“√‡ß‘π
Finance Dept.
ΩÉ“¬ª√–™“ —¡æ—π∏å
Public Relations Dept.
ΩÉ“¬∫√‘°“√ß“π«‘»«°√√¡
After Sales Construction
Service Dept.
ΩÉ“¬∏ÿ√°“√ (®—¥´◊ÈÕ)
Administration Dept.
ΩÉ“¬µ√«® Õ∫¿“¬„π
Internal Audit Dept.
ΩÉ“¬ “√ π‡∑»
Management Information
System Dept.

30. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 27
∫√‘…—∑ ≈ÿ¡æ‘π’ æ√Õæ‡æÕ√åµ’È ¡“‡π®‡¡π∑å ®”°—¥
Lumpini Property Management Co.,Ltd.
°√√¡°“√ºŸâ®—¥°“√
Managing Director
“¬ß“π∫√‘À“√°“√‡ß‘π·≈–Õ”π«¬°“√
Administrative and Finance Management
“¬ß“π∫√‘À“√ß“π¢“¬Õ —ßÀ“√‘¡∑√—æ¬å
Brokerage Management
“¬ß“π∫√‘À“√Õ“§“√™ÿ¥
Building Management
ΩÉ“¬∫√‘À“√Õ“§“√™ÿ¥ 1
Building Management
Dept. 1
ΩÉ“¬°“√µ≈“¥
Marketing Dept.
ΩÉ“¬∏ÿ√°“√ (∑√—æ¬å ‘π)
General Affairs Dept.
ΩÉ“¬∫√‘À“√Õ“§“√™ÿ¥ 2
Building Management
Dept. 2
ΩÉ“¬¢“¬
Sales Dept.
ΩÉ“¬∑√—欓°√¡πÿ…¬å
Human Resource
Development Dept.
ΩÉ“¬æ—≤π“√–∫∫ß“πÕ“§“√™ÿ¥
Condo System
Development Dept.
ΩÉ“¬∏ÿ√°‘®π“¬Àπâ“
Brokerage Business
Dept.
ΩÉ“¬∫√‘°“√≈Ÿ°§â“
Customer Service Dept.
ΩÉ“¬∫√‘°“√§«“¡ –Õ“¥
Cleaning Service Dept.
ΩÉ“¬∫—≠™’
Accounting Dept.
ΩÉ“¬°“√‡ß‘π
Finance Dept.
ΩÉ“¬ “√ π‡∑»
Management Information
System Dept.
ΩÉ“¬«‘®—¬·≈–æ—≤π“
Research &
Development Dept.
ΩÉ“¬°ÆÀ¡“¬
Legal Dept.
ΩÉ“¬≈Ÿ°§â“ —¡æ—π∏å
Customers Relationship
Management Dept.

31. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)28
Shareholding Structure
‚§√ß √â“ß°“√∂◊ÕÀÿâπ
ºŸâ∂◊ÕÀÿâπ
√“¬™◊ËÕºŸâ∂◊ÕÀÿâπ∑’Ë∂◊ÕÀÿâπ Ÿß ÿ¥ 10 √“¬·√° ¢Õß∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π) æ√âÕ¡∑—Èß®”π«πÀÿâπ∑’Ë∂◊Õ ·≈–
—¥ à«π°“√∂◊ÕÀÿâπ≈à“ ÿ¥ ≥ «—πªî¥ ¡ÿ¥∑–‡∫’¬πºŸâ∂◊ÕÀÿâπ§√—ÈßÀ≈—ß ÿ¥«—π∑’Ë 8 ‡¡…“¬π 2548 ¡’¥—ßπ’ȧ◊Õ
™◊ËÕºŸâ∂◊ÕÀÿâπ ®”π«πÀÿâπ —¥ à«π (%)
1. ∫√‘…—∑ ‰∑¬‡ÕÁπ«’¥’Õ“√å ®”°—¥ 149,042,644 11.42
2. HSBC (SINGAPORE) NOMINEES PTE LTD. 100,090,000 7.67
3. MORGAN STANLEY & CO INTERNATIONAL LIMITED 91,000,000 6.97
4. 𓬠ÿ‡¡∏ ‡µ™–‰°√»√’ 57,483,750 4.40
5. π“¬∑‘¶—¡æ√ ‡ª≈àß»√’ ÿ¢ 37,129,002 2.84
6. RAFFLES NOMINEES (PTE) LIMITED 32,303,300 2.47
7. SOMES (U.K.) LIMITED 31,603,891 2.42
8. 𓬠¡æß…å ™≈§¥’¥”√ß°ÿ≈ 31,000,000 2.37
9. π“¬æ‘‡™…∞ »ÿ¿°‘®®“πÿ —πµ‘Ï 30,081,250 2.30
10. CREDIT AGRICOLE INVESTOR SERVICES BANK LUXEMBOURG 30,000,000 2.30
√«¡ 589,733,837 45.16
Structure of Revenue from Business
‚§√ß √â“ß√“¬‰¥â¢Õß°‘®°“√
º≈‘µ¿—≥±å·≈–∫√‘°“√ / Products & Services ¥”‡π‘π°“√‚¥¬ / Operated by
æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)
Property Development L.P.N. Development Public Company Limited
æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å ∫√‘…—∑ æ√ —𵑠®”°—¥
Property Development Pornsanti Company Limited
„Àâ∫√‘°“√ ∫√‘…—∑ ≈ÿ¡æ‘π’ æ√Õæ‡æÕ√åµ’È ¡“‡π®‡¡π∑å ®”°—¥
Administration & Services Lumpini Property Management Company Limited
æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å ∫√‘…—∑ ·°√π¥å ¬Ÿπ‘µ’È ¥‘‡«≈≈ÁÕª‡¡π∑å ®”°—¥
Property Development Grand Unity Development Company Limited
√«¡ / Total
µ“√“ß· ¥ß‚§√ß √â“ß√“¬‰¥â¢Õß°‘®°“√∑’Ë∫√‘…—∑∂◊ÕÀÿâπµ—Èß·µà√âÕ¬≈– 20 ¢÷Èπ‰ª
Structure of revenue from businesses in which the company holds at least a 20 % of shares

32. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 29
Shareholders
List of the first ten shareholders of L.P.N. Development Public Company Limited at the date of closing register
book on 8 April, 2005.
Names of Shareholders Number of Shares held (%)
1. Thai NDVR Co.,Ltd. 149,042,644 11.42
2. HSBC (SINGAPORE) NOMINEES PTE LTD. 100,090,000 7.67
3. MORGAN STANLEY & CO INTERNATIONAL LIMITED 91,000,000 6.97
4. Mr. Sumet Techakraisri 57,483,750 4.40
5. Mr. Tikhamporn Plengsrisuk 37,129,002 2.84
6. RAFFLES NOMINEES (PTE) LIMITED 32,303,300 2.47
7. SOMES (U.K.) LIMITED 31,603,891 2.42
8. Mr. Sompong Cholkadeedumrongkul 31,000,000 2.37
9. Mr. Pichet Supakijjanusan 30,081,250 2.30
10. CREDIT AGRICOLE INVESTOR SERVICES BANK LUXEMBOURG 30,000,000 2.30
Total 589,733,837 45.16
”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—𫓧¡ 2548, 2547 ·≈– 2546 /
For the each year ended December 31, 2005, 2004 and 2003
% °“√∂◊ÕÀÿâπ¢Õß∫√‘…—∑ 2548 / 2005 2547 / 2004 2546 / 2003
% of Company Shareholding √“¬‰¥â/revenue √âÕ¬≈–/% √“¬‰¥â/revenue √âÕ¬≈–/% √“¬‰¥â/revenue √âÕ¬≈–/%
- 3,401.54 94.95 2,355.07 95.02 1,831.79 94.25
99.99 4.24 0.12 4.43 0.18 8.84 0.45
100.00 132.09 3.69 113.42 4.58 80.42 4.14
33.33 44.76 1.24 5.47 0.22 22.53 1.16
3,582.63 100.00 2,478.39 100.00 1,943.58 100.00

33. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)30
The Companyûs Business
°“√ª√–°Õ∫∏ÿ√°‘®¢Õß∫√‘…—∑
π—∫µ—Èß·µà™à«ß«‘°ƒµ‡»√…∞°‘®„πªï 2540 ‡ªìπµâπ¡“ ∫√‘…—∑‰¥â¡’°“√ª√—∫‡ª≈’ˬππ‚¬∫“¬·≈–°≈¬ÿ∑∏å∑“ß∏ÿ√°‘® ‚¥¬¡ÿà߇πâπ°“√
æ—≤π“Õ“§“√™ÿ¥æ—°Õ“»—¬ ”À√—∫≈Ÿ°§â“√–¥—∫°≈“ß∂÷ß°≈“ß-≈à“߇ªìπ°≈ÿࡇªÑ“À¡“¬À≈—° (FOCUS STRATEGY) √«¡∂÷ß°“√ √â“ߧ«“¡
·µ°µà“ߥâ“πº≈‘µ¿—≥±å·≈–∫√‘°“√ (DIFFERENCIATE STRATEGY) ‚¥¬∫√‘…—∑‰¥âæ—≤π“Õ“§“√™ÿ¥æ—°Õ“»—¬¿“¬„µâ√Ÿª·∫∫ LPN DESIGN ∑’Ë
‡πâπª√–‚¬™πå„™â Õ¬Õ¬à“ߧ√∫∂â«π ”À√—∫°“√Õ¬ŸàÕ“»—¬¿“¬„π‡¡◊Õß ´÷Ëß¡’§«“¡·µ°µà“ß®“°√Ÿª·∫∫º≈‘µ¿—≥±å∑—Ë«‰ª√«¡∂÷߬—߉¥âæ—≤π“√Ÿª
·∫∫¢Õß°“√∫√‘À“√Õ“§“√™ÿ¥ ‚¥¬‡πâπ¥â“π§ÿ≥¿“æ™’«‘µ¢ÕߺŸâÕ¬ŸàÕ“»—¬ ´÷Ë߇ªìπ°≈¬ÿ∑∏å∑’Ë √â“ߧ«“¡‡™◊ËÕ¡—Ëπ·≈–§«“¡®ß√—°¿—°¥’¢Õß≈Ÿ°§â“∑’Ë
¡’µàÕ∫√‘…—∑ πÕ°®“°π’È ¬—ß„™â°≈¬ÿ∑∏å¥â“π°“√∫√‘À“√µâπ∑ÿπµË” (COST LEADERSHIP STRATEGY) ´÷Ë߇ªìπ®ÿ¥·¢ÁߢÕß∫√‘…—∑¡“ π—∫ πÿπ
·≈–º≈—°¥—π„À⇰‘¥§«“¡‰¥â‡ª√’¬∫∑“ß°“√·¢àߢ—π π”¡“´÷Ëߧ«“¡ ”‡√Á®Õ¬à“ß Ÿß¢Õß∫√‘…—∑ ‡ÀÁπ‰¥â®“°¬Õ¥¢“¬¢Õß·µà≈–‚§√ß°“√∑’Ë
“¡“√∂ªî¥°“√¢“¬‰¥âÕ¬à“ß√«¥‡√Á« ·≈–µ—Èß·µàªï 2546 ‡ªìπµâπ¡“ ∫√‘…—∑‰¥â®”·π°·≈–°”Àπ¥µ”·ÀπàߢÕߺ≈‘µ¿—≥±å ‡æ◊ËÕ„À⇰‘¥§«“¡
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1. ç≈ÿ¡æ‘π’ «’∑é ‡ªìπ‚§√ß°“√Õ“§“√™ÿ¥æ—°Õ“»—¬∑’Ëæ—≤π“¢÷Èπ„π∫√‘‡«≥∑’ˇªìπ·À≈àßæ—°Õ“»—¬™—Èπ¥’ ‡æ’¬∫æ√âÕ¡¥â«¬ ‘ËßÕ”π«¬
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‡ªìπºŸâ√—∫º‘¥™Õ∫ß“π∫√‘À“√Õ“§“√·≈–ß“π∫√‘°“√Õ◊ËπÊ Õ¬à“ߧ√∫«ß®√ ‡æ◊ËÕ§«“¡ ¡∫Ÿ√≥åæ√âÕ¡¢Õß·µà≈–Õ“§“√ ·≈–™à«¬‡æ‘Ë¡§«“¡
–¥«° ∫“¬·°à≈Ÿ°§â“„π∑ÿ°Ê ¥â“π ß“π∫√‘°“√¥—ß°≈à“« §√Õ∫§≈ÿ¡µ—Èß·µàß“π∫√‘À“√Õ“§“√ ß“π∫√‘°“√´◊ÈÕ¢“¬ ‚Õπ ·≈°‡ª≈’ˬπ ß“π√—∫
‡À¡“ µ‘¥µ—Èß ´àÕ¡·´¡ ·≈–∫”√ÿß√—°…“ µ≈Õ¥®πß“π∫√‘°“√¥â“π°“√√—°…“§«“¡ª≈Õ¥¿—¬·≈–ß“π∑”§«“¡ –Õ“¥ §«“¡µàÕ‡π◊ËÕß„π°“√
‰¥â√—∫‡≈◊Õ°„À⇢â“∫√‘À“√Õ“§“√™ÿ¥„π∑ÿ°‚§√ß°“√∑’˺à“π¡“ ‡ªìπ ‘Ëß –∑âÕπ„Àâ‡ÀÁπ∂÷ߧ«“¡√—∫º‘¥™Õ∫µàÕ≈Ÿ°§â“¢Õß∫√‘…—∑∑’ˇªìπ√Ÿª∏√√¡ ∑—Èß
„π¥â“𧫓¡‡™◊ËÕ∂◊Õ·≈–§«“¡‰«â«“ß„®∑’Ë≈Ÿ°§â“¡’µàÕ∫√‘…—∑

34. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 31
The Company has restructured and adapted, since the economic crisis in 2000 onwards, its policies and business
strategies, concentrating on development of residential condominiums for the middle-end to middle-low customers as the
focus strategy including creation of the differentiating strategy. The Company has developed residential condominiums
under the LPN Design style to focus on the versatile utilization for urban living that is unlike other normal products and
also focus on the residentsû living style. This is a strategy to create confidence and loyalty of the customers towards the
Company. Also, the Cost Leadership Strategy, which is the strength of the Company, was also implemented to support
and gain competitiveness leading to high success for the Company. This is reflected in the sale completion of each
project in which transactions are concluded quickly. Since 2003, the Company determined the location of structures to
distinguish compatible recognition and covering all targets groups, under the followings names and brands.
1. çLumpini Suiteé a residential condominium project developed in a favourable residential hub with an array
of facilities aimed at responding to the needs of high-end customers; by distinguishing the status of the
residence, availing ample wellbing and furnishings with a wide range of facilities.
2. çLumpini Placeé a residential condominium project with development interest in the Central Business District
where live the middle-end to high-end customers. These customers need the travel convenience-ideally
close to their offices, and for them the satisfactory facilities in the project do matter.
3. çLumpini Villeé a residential condominium project aiming to respond to the needs of middle-end customers
and young first-homers who wish to leave the family and need an urban residence. The location of the
project is near to the skytrain station for travel convenience or in an existing hight density community.
4. çLumpini Centeré a residential condominium project developed in areas where urban and suburban limits
meet with a dense population. The target customers are the middle-end to middle-low income who work
in offices or live in a house not over 5 kilometres away. Despite the fact that this customer group
dominates the market, the operators scarcely fulfil their needs. Cost and sale price are the most critical
factors to this group.
For every developed and completely transferred project, the Company has set after-sales service policies to take
care of all customers of any project through the affiliated company, Lumpini Property Management Co., Ltd. Extensive
range of building administration and other service works are required for ultimate completion of each building in line with
the building administration works, purchase-sale service, transfer, exchange, contracting works, installation, repairs and
maintenance, security and cleaning services. Being repeatedly appointed to administrate every past project reflects the
exercise of responsibility to the customers in a real manner by the respect gained from the customersû and the
confidence entrusted to the Company.

35. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)32
Our Projects
º≈ß“π∑’˺à“π¡“
·Õ≈.æ’.‡ÕÁπ. ∑“«‡«Õ√å
L.P.N. Tower
Õ“§“√ ”π—°ß“π Ÿß 18 ™—Èπ ®”π«π 76 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 1 ‰√à 2 ß“π 42 µ“√“ß«“ √‘¡∂ππ√—™¥“¿‘‡…° ™à«ßµ—¥°—∫∂πππ“ß≈‘Èπ®’Ë
76 units, 18-storey office building,
Area 1-2-42 rai, by Nang Linchi-Ratchadapisek Road Intersection
≈ÿ¡æ‘π’ ∑“«‡«Õ√å
Lumpini Tower
Õ“§“√ ”π—°ß“π Ÿß 38 ™—Èπ ®”π«π 113 ¬Ÿπ‘µ ∫π‡π◊ÈÕ∑’Ë 2 ‰√à 3 ß“π 33 µ“√“ß«“ √‘¡∂ππæ√–√“¡ 4
113 units, 38-storey office building, Area 2-3-33 rai, by Rama 4 Road
≈ÿ¡æ‘π’ ‡æ≈
Lumpini Place
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 19 ™—Èπ ®”π«π 34 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 1 ‰√à 3 ß“π 26 µ“√“ß«“ ∂ππ»√’∫”‡æÁ≠
34 units, 19-storey residential condominium,
Area 1-3-26 rai, Sri Bumpen Road
·Õ≈.æ’.‡ÕÁπ. ¡‘π‘ ÕÕøøî»
L.P.N. Mini Office
Õ“§“√ ”π—°ß“π Ÿß 7 ™—Èπ 1 Õ“§“√
∫π‡π◊ÈÕ∑’Ë 90 µ“√“ß«“ √‘¡∂ππ√—™¥“¿‘‡…° ™à«ßµ—¥°—∫∂πππ“ß≈‘Èπ®’Ë
7-storey office building,
Area 90 sq.wah, Nang Linchi-Ratchadapisek Road Intersection
æ’.‡Õ .∑’. §Õπ‚¥«‘≈≈å ∑“«‡«Õ√å 1, 2
P.S.T. Condoville Tower 1, 2
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 22 ™—Èπ 2 Õ“§“√ √«¡ 1,548 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 6 ‰√à 2 ß“π 78.7 µ“√“ß«“ ∂ππππ∑√’
22-storey residential condominium 2 building,
Area 6-2-78.7 rai, Nonsee Road
‚§√ß°“√∑’Ë°àÕ √â“߇ √Á® ¡∫Ÿ√≥å / Completed Project
æ’.‡Õ .∑’. ¡‘π‘ ÕÕøøî»
P.S.T. Mini Office
Õ“§“√ ”π—°ß“π°÷Ëß∑’Ëæ—°Õ“»—¬ 10 ¬Ÿπ‘µ Ÿß 7 ™—Èπ
∫π‡π◊ÈÕ∑’Ë 1 ‰√à 1 ß“π 79 µ“√“ß«“ ∂ππππ∑√’
10 units, 7-storey office building-cum-residence,
Area 1-1-79 rai, Nonsee Road

36. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 33
’Ëæ√–¬“ √‘‡«Õ√å«‘«
Siphaya River View
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 31 ™—Èπ 308 ¬Ÿπ‘µ ∫π‡π◊ÈÕ∑’Ë 2 ‰√à 16.6 µ“√“ß«“ ∂ππ‚¬∏“ µ√ߢⓡ∑’Ë«à“°“√‡¢µ —¡æ—π∏«ß»å
308 units, 31-storey residential condominium, Area 2-0-16.6 rai, Yotha Road, opposite to Samphanthawongse
District Office
æ’.‡Õ .∑’. ´‘µ’È‚Œ¡
P.S.T. City Home
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 29 ™—Èπ ®”π«π 764 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 4 ‰√à 1 ß“π 34.2 µ“√“ß«“ ∂ππππ∑√’
764 units, 29-storey residential condominium,
Area 4-1-34.2 rai, Nonsee Road
∫â“π≈ÿ¡æ‘π’ ∫“ß∫—«∑Õß
Baan Lumpini Bang Bua Thong
∑“«π凌ⓠå 2 ™—Èπ √«¡ 709 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 36 ‰√à 1 ß“π 31.2 µ“√“ß«“ √‘¡∂ππµ≈‘Ëß™—π- ÿæ√√≥∫ÿ√’ ∫“ß∫—«∑Õß
709 units, 2-storey Townhouses,
Area 36-1-31.2 rai, by Talingchan-Supanburi Road, Bangbuathong
∫â“π≈ÿ¡æ‘π’ 2 ∫“ß∫—«∑Õß
Baan Lumpini 2 Bang Bua Thong
∑“«π凌ⓠå 3 ™—Èπ √«¡ 35 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 2 ‰√à 1 ß“π 84.9 µ“√“ß«“ √‘¡∂ππµ≈‘Ëß™—π- ÿæ√√≥∫ÿ√’ ∫“ß∫—«∑Õß
3-storey Townhouses, 35 units,
Area 2-1-84.9 rai, by Talingchan-Supanburi Road, Bangbuathong
≈ÿ¡æ‘π’ ‡æ≈ “∑√
Lumpini Place Sathorn
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 9 ™—Èπ æ√âÕ¡™—Èπ„µâ¥‘π 1 ™—Èπ ®”π«π 4 Õ“§“√ √«¡ 603 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 3 ‰√à 2 ß“π 52.6 µ“√“ß«“ √‘¡∂πππ√“∏‘«“ √“™π§√‘π∑√å
9-Storey with 1 Basement Residential Condominium (4 Buildings, 603 units)
Area 3-2-52.6 rai, by Narathiwat Ratchanakarin Road
≈ÿ¡æ‘π’ ‡´Áπ‡µÕ√å ·Œªªïô·≈π¥å ‡ø 1-4
Lumpini Center Happyland Phase 1-4
Õ“§“√™ÿ¥æ—°Õ“»—¬¢π“¥‡≈Á° ®”π«π 20 Õ“§“√ √«¡ 1,765 ¬Ÿπ‘µ ·≈–Õ“§“√æ“≥‘™¬å Ÿß
3.75 ™—Èπ ®”π«π 23 ¬Ÿπ‘µ ∫π‡π◊ÈÕ∑’Ë 14 ‰√à 7.2 µ“√“ß«“ ∂ππ·Œªªïô·≈π¥å ´Õ¬ 1 ·≈– 2
7-8-storey residential condominium (20 buildings, 1,765 units) 3.75-Storey of Commercial
Building with 23 units, Area 14-0-7.2 rai, Happyland road Soi 1 and 2

37. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)34
≈ÿ¡æ‘π’ ‡´Áπ‡µÕ√å ≈“¥æ√â“« 111
Lumpini Center Latphrao 111
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 8 ™—Èπ 4 Õ“§“√ √«¡ 534 ¬Ÿπ‘µ ·≈–Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 9 ™—Èπ 3 Õ“§“√ √«¡ 322 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 5 ‰√à 5 ß“π 7 µ“√“ß«“ ∂ππ≈“¥æ√â“« ´Õ¬ 111
8-Storey Residential Condominium (4 Buildings, 534 units), 9-storey residential condominium (3 Buildings, 322 units)
Area 5-5-7 rai, Latphrao Road Soi 111
≈ÿ¡æ‘π’ ‡æ≈ «πæ≈Ÿ- “∑√
Lumpini Place Suanplu-Sathorn
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 9 ™—Èπ 2 Õ“§“√ √«¡ 281 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 2 ‰√à 2 ß“π 22.5 µ“√“ß«“ ´Õ¬ «πæ≈Ÿ 8 ∂ππ “∑√
9-Storey Residential Condominium (2 Buildings, 281 units),
Area 2-2-22.5 rai, Suanplu Soi 8, Sathorn Road
≈ÿ¡æ‘π’ ‡æ≈ æ√–√“¡ 4- “∑√
Lumpini Place Rama 4-Sathorn
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 9 ™—Èπ 2 Õ“§“√ √«¡ 231 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 2 ‰√à 98 µ“√“ß«“ ´Õ¬»√’∫”‡æÁ≠ ∂ππæ√–√“¡ 4
9-storey residential condominium (2 Buildings, 231 units),
Area 2-0-98 rai, Soi Sri Bumpen, Rama 4 Road
≈ÿ¡æ‘π’ ‡√ ´‘‡¥π´å
Lumpini Residence
Õ“§“√‡´Õ√å«‘ Õæ“√嵇¡π∑å Ÿß 9 ™—Èπ 1 Õ“§“√ √«¡ 38 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 199 µ“√“ß«“ √‘¡∂πππ√“∏‘«“ √“™π§√‘π∑√å
9-Storey Service Apartment (1 Building, 38 units),
Area 0-0-199 rai, by Narathiwat Ratchanakarin Road
≈ÿ¡æ‘π’ ‡æ≈ π√“∏‘«“ 24
Lumpini Place Narathiwat 24
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 9 ™—Èπ 2 Õ“§“√ √«¡ 190 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 2 ‰√à 25 µ“√“ß«“ ∂πππ√“∏‘«“ √“™π§√‘π∑√å
9-storey residential condominium (2 Buildings, 190 units),
Area 2-0-25 rai, Narathiwat Ratchanakarin Road
≈ÿ¡æ‘π’ ‡æ≈ æ√–√“¡ 3-‡®√‘≠°√ÿß
Lumpini Place Rama 3-Charoenkrung
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 9 ™—Èπ 2 Õ“§“√ √«¡ 312 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 2 ‰√à 3 ß“π 65.1 µ“√“ß«“ √‘¡∂ππæ√–√“¡ 3
9-storey residential condominium (2 Buildings, 312 units),
Area 2-3-65.1 rai, by Rama 3 Road

38. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 35
≈ÿ¡æ‘π’ «‘≈≈å æ√–·¡à¡“√’- “∑√
Lumpini Ville Mary-Sathorn
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 9 ™—Èπ 2 Õ“§“√ √«¡ 300 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 2 ‰√à 3 ß“π 65 µ“√“ß«“ ∂ππ®—π∑πå
9-Storey Residential Condominium (2 Buildings, 300 units),
Area 2-3-65 rai, Chan Road
≈ÿ¡æ‘π’ ‡æ≈ π√“∏‘«“ √“™π§√‘π∑√å
Lumpini Place Narathiwatratchanakharin
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 9 ™—Èπ 2 Õ“§“√ √«¡ 233 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 2 ‰√à 2 ß“π 11.2 µ“√“ß«“ √‘¡∂πππ√“∏‘«“ √“™π§√‘π∑√å
9-storey residential condominium (2 Buildings, 233 units),
Area 2-2-11.2 rai, by Narathiwat Ratchanakarin Road
≈ÿ¡æ‘π’ «’∑ ÿ¢ÿ¡«‘∑ 41
Lumpini Suite Sukhumvit 41
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 9 ™—Èπ 2 Õ“§“√ √«¡ 159 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 1 ‰√à 2 ß“π 78 µ“√“ß«“ ∂ππ ÿ¢ÿ¡«‘∑ ´Õ¬ 41
9-storey residential condominium (2 Buildings, 159 units),
Area 1-2-78 rai, Sukhumvit Road Soi 41
≈ÿ¡æ‘π’ ‡æ≈ æ√–√“¡ 3-√‘‡«Õ√å«‘«
Lumpini Place Rama 3-Riverview
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 19 ™—Èπ 1 Õ“§“√ √«¡ 497 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 3 ‰√à 65.10 µ“√“ß«“ √‘¡∂ππæ√–√“¡ 3
19-storey residential condominium (1 Building, 497 units),
Area 3-0-65.10 rai, by Rama 3 Road
≈ÿ¡æ‘π’ ‡´Áπ‡µÕ√å ÿ¢ÿ¡«‘∑ 77
Lumpini Center Sukhumvit 77
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 9 ™—Èπ 5 Õ“§“√ √«¡ 872 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 12 ‰√à 50 µ“√“ß«“ √‘¡∂ππ ÿ¢ÿ¡«‘∑ 77
9-storey residential condominium (5 Buildings, 872 units),
Area 12-0-50 rai, by Sukhumvit 77 Road
≈ÿ¡æ‘π’ «‘≈≈å æÀ≈- ÿ∑∏‘ “√
Lumpini Ville Phahon-Sutthisarn
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 21 ™—Èπ ®”π«π 2 Õ“§“√ √«¡ 861 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 5 ‰√à 2 ß“π 87.4 µ“√“ß«“ ∂ππ ÿ∑∏‘ “√«‘π‘®©—¬
21-storey residential condominium (2 Buildings, 861 units),
Area 5-2-35 rai, Suthisarnvinijchai Road
≈ÿ¡æ‘π’ ‡´Áπ‡µÕ√å π«¡‘π∑√å
Lumpini Center Nawamin
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 8 ™—Èπ 3 Õ“§“√ √«¡ 442 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 3 ‰√à 2 ß“π 67 µ“√“ß«“ ∂ππ·Œªªïô·≈π¥å ´Õ¬ 2
8-storey residential condominium (3 Buildings, 442 units),
Area 3-2-67 rai, Happyland Road Soi 2

39. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)36
‚§√ß°“√∑’ËÕ¬Ÿà√–À«à“ß°“√¥”‡π‘πß“π / On-going Projects
≈ÿ¡æ‘π’ «‘≈≈å ÿ¢ÿ¡«‘∑ 77
Lumpini Ville Sukhumvit 77
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 23 ™—Èπ ®”π«π 3 Õ“§“√ √«¡ 987 ¬Ÿπ‘µ ∫π‡π◊ÈÕ∑’Ë 4 ‰√à 1 ß“π 17.50 µ“√“ß«“ √‘¡∂ππ ÿ¢ÿ¡«‘∑ 77
23-storey residential condominium (3 Buildings, 987 units), Area 4-1-17.50 rai, Sukhumvit 77 Road
≈ÿ¡æ‘π’ ‡æ≈ ªîòπ‡°≈â“
Lumpini Place Pinklao
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 22 ™—Èπ 1 Õ“§“√ √«¡ 580 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 3 ‰√à 33 µ“√“ß«“ √‘¡∂ππ∫√¡√“™™ππ’
22-storey residential condominium (1 Building, 580 units),
Area 3-0-33 rai, by Bharomratchachonnanee Road
≈ÿ¡æ‘π’ «‘≈≈å »Ÿπ¬å«—≤π∏√√¡
Lumpini Ville Cultural Center
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 8 ™—Èπ 9 Õ“§“√ √«¡ 1,324 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 13 ‰√à 13 µ“√“ß«“ √‘¡∂ππª√–™“Õÿ∑‘»
8-storey residential condominium (9 Building, 1,324 units),
Area 13-0-13 rai, by Pracha U-thit Road
≈ÿ¡æ‘π’ ‡æ≈ π√“∏‘«“ -‡®â“æ√–¬“
Lumpini Place Narathiwat-Chaophraya
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 29 ™—Èπ 3 Õ“§“√ √«¡ 1,306 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 9 ‰√à 71 µ“√“ß«“ √‘¡∂ππæ√–√“¡ 3
29-storey residential condominium (3 Building, 1,306 units),
Area 9-0-71 rai, by Rama 3 Road

40. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 37
‚§√ß°“√√à«¡∑ÿπ ‚¥¬ LPN ‡ªìπºŸâ∫√‘À“√¥â“π°“√µ≈“¥ °“√¢“¬ ·≈–°“√°àÕ √â“ß
Joint Venture Project which LPN will Manage in the Areas of Sales, Marketing and Construction
≈ÿ¡æ‘π’ ‡æ≈ «Õ‡µÕ√å§≈‘ø
Lumpini Place WaterCliff
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 36 ™—Èπ 4 Õ“§“√ ®”π«π 620 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 4 ‰√à 40 µ“√“ß«“ √‘¡∂ππ√—™¥“¿‘‡…°-æ√–√“¡ 3 µ‘¥Àâ“߇´Áπ∑√—≈æ√–√“¡ 3
36-storey residential condominium (4 Buildings, 620 units), Area 4-0-40 rai, by Ratchadapisek-Rama 3 Road
near Central Rama 3 Department Store
≈ÿ¡æ‘π’ ∑“«πå‚Œ¡ √—™¥“-æ√–√“¡ 3
Lumpini Townhome Ratchada-Rama 3
∑“«πå‡Œâ“ å Ÿß 4.5 ™—Èπ 28 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 2 ‰√à 2 ß“π 2.5 µ“√“ß«“ √‘¡∂ππ√—™¥“¿‘‡…°-æ√–√“¡ 3 µ‘¥Àâ“߇´Áπ∑√—≈æ√–√“¡ 3
4.5-storey townhouse with 250 Sq.m. usable area (28 units),
Area 2-2-2.5 rai, by Ratchadapisek-Rama 3 Road near Central Rama 3
Department Store
≈ÿ¡æ‘π’ «’∑ √—™¥“-æ√–√“¡ 3
Lumpini Suite Ratchada-Rama 3
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 9 ™—Èπ 1 Õ“§“√ √«¡ 53 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 386 µ“√“ß«“ √‘¡∂ππ√—™¥“¿‘‡…°-æ√–√“¡ 3 µ‘¥Àâ“߇´Áπ∑√—≈æ√–√“¡ 3
9-storey residential condominium (1 Building, 53 units),
Area 0-0-368 rai, by Ratchadapisek-Rama 3 Road
near Central Rama 3 Department Store
·°√π¥å ‡ŒÕ√‘‡∑® ∑ÕßÀ≈àÕ
Grand Heritage Thonglor
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 8 ™—Èπ æ√âÕ¡™—Èπ„µâ¥‘π 1 ™—Èπ 1 Õ“§“√ √«¡ 74 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 1 ‰√à 1 µ“√“ß«“ ∂ππ ÿ¢ÿ¡«‘∑ (∑ÕßÀ≈àÕ 13)
8-storey with 1 basement residential condominium (1 Building, 74 units),
Area 1-0-1 rai, Sukhumvit Road (Soi Thonglor 13)
·°√π¥å æ“√姫‘« Õ‚»°
Grand Parkview Asoke
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 32 ™—Èπ æ√âÕ¡™—Èπ„µâ¥‘π 2 ™—Èπ ·≈–æ◊Èπ∑’˧⓪≈’° 4 ™—Èπ √«¡ÀâÕß™ÿ¥æ—°
Õ“»—¬ 481 ¬Ÿπ‘µ ∫π‡π◊ÈÕ∑’Ë 3 ‰√à 1 ß“π 98 µ“√“ß«“ √‘¡∂ÿππ ÿ¢ÿ¡«‘∑ 21 (Õ‚»°¡πµ√’)
32-storey with 2 basement in where comprises 4 floors for retailing purpose and the
others are 481 residential units,
Area 3-1-98 rai, by Sukhumvit 21 Road (Asokemontri)
æ“√姫‘« «‘¿“«¥’
Parkview Viphavadi
Õ“§“√™ÿ¥æ—°Õ“»—¬ Ÿß 8 ™—Èπ ®”π«π 17 Õ“§“√ √«¡ 962 ¬Ÿπ‘µ
∫π‡π◊ÈÕ∑’Ë 15 ‰√à 2 ß“π 26.9 µ“√“ß«“ √‘¡∂ππ«‘¿“«¥’√—ß ‘µ
8-storey residential condominium (17 Buildings, 962 units),
Area 15-2-26.9 rai, by Viphavadi Rangsit Road

41. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)38
‚§√ß°“√„πÕ𓧵
„πªï 2549 ∫√‘…—∑‰¥âµ—È߇ªÑ“À¡“¬„π°“√æ—≤𓂧√ß°“√Õ“§“√™ÿ¥æ—°Õ“»—¬∑—Èß ‘Èπ 5 ‚§√ß°“√ ¡Ÿ≈§à“√«¡ 8,600 ≈â“π∫“∑ ‚¥¬¡’
°≈¬ÿ∑∏å„À¡àÊ „π°“√√—°…“§«“¡‡ªìπºŸâπ”¥â“π∏ÿ√°‘®§Õπ‚¥¡‘‡π’¬¡ ‰¥â·°à
1) √—°…“∞“π≈Ÿ°§â“‡°à“√–¥—∫°≈“ß∫π-°≈“ß ‚¥¬æ—≤π“§Õπ‚¥¡‘‡π’¬¡„®°≈“߇¡◊Õß„π√–¥—∫√“§“ 1 ≈â“π∫“∑ „™â√–¬–‡«≈“°àÕ √â“ß 1
ªï „°≈â√–∫∫§¡π“§¡¢π àß¢π“¥„À≠à ‚¥¬≈Ÿ°§â“ “¡“√∂ª√—∫‡ª≈’ˬπÀâÕß™ÿ¥„Àâµ√ß°—∫§«“¡µâÕß°“√¡“°∑’Ë ÿ¥ (Semi-Tailor Made)
¿“¬„µâ√Ÿª·∫∫∑’Ë∫√‘…—∑°”Àπ¥¢÷Èπ ‡æ◊ËÕµÕ∫ πÕ߉≈øá ‰µ≈å∑’Ë·µ°µà“ß
2) °“√‡®“–∞“π≈Ÿ°§â“°≈ÿà¡„À¡à ‚¥¬·∫à߇ªìπ 2 ·π«∑“ß ‰¥â·°à À“∑”‡≈„À¡à∑’ˬ—ß¡’°“√æ—≤𓂧√ß°““√Õ“§“√™ÿ¥‰¡à¡“°π—°·≈–
¢¬“¬∞“π≈Ÿ°§â“‰ª∑’Ë°≈ÿà¡ C ´÷Ë߇ªìπ°≈ÿà¡≈Ÿ°§â“∑’Ë¡’Õÿª∑“π∑“ߥâ“π∑’ËÕ¬ŸàÕ“»—¬ Ÿß ·µàÕÿª ߧå„πµ≈“¥¬—ß¡’®”π«π®”°—¥ ¥â«¬√“§“
¢“¬ª√–¡“≥ 5 · π∫“∑µàÕ¬Ÿπ‘µ ‚¥¬æ—≤𓂧√ß°“√„π√Ÿª·∫∫¢Õß Small Size Township ∫π∑”‡≈∑’Ë·«¥≈âÕ¡¥â«¬√–∫∫
§¡π“§¡¢π àß¢π“¥„À≠à À√◊Õ∫√‘‡«≥™ÿ¡™π∑’Ë¡’§«“¡Àπ“·πàπ Ÿß
3) ‡æ‘Ë¡ª√– ‘∑∏‘¿“æ°“√∫√‘À“√Õ“§“√™ÿ¥À≈—ß°“√‚Õπ°√√¡ ‘∑∏‘Ï ‡æ◊ËÕ √â“߇ √‘¡™ÿ¡™π„Àâ¡’§ÿ≥¿“æ™’«‘µ∑’Ë¥’ ·≈–¥Ÿ·≈§«“¡ª≈Õ¥¿—¬
„π™’«‘µ·≈–∑√—æ¬å ‘π¢ÕߺŸâæ—°Õ“»—¬´÷Ëß∂◊Õ‡ªìπ°≈¬ÿ∑∏å ”§—≠∑’Ë √â“ߧ«“¡·µ°µà“ß(Differentiation)·≈–‡ªìπ®ÿ¥·¢ÁߢÕß∫√‘…—∑µ≈Õ¥¡“
4) ‡πâπ‡√◊ËÕߧ«“¡√—∫º‘¥™Õ∫µàÕ —ߧ¡·≈– ‘Ëß·«¥≈âÕ¡ (CESR) „Àâ¡“°¢÷Èπ ‚¥¬«“ß·ºπ√à«¡°—∫Àπ૬ߓπ√“™°“√¥”‡π‘π°‘®°√√¡
µà“ßÊ¥â“π°“√√—°…“ ¿“æ·«¥≈âÕ¡ ·≈–°“√ √â“ߧÿ≥¿“æ™’«‘µ∑’Ë¥’„π —ߧ¡‡¡◊ÕßÕ¬à“ßµàÕ‡π◊ËÕß ‡æ◊ËÕ„Àâ Õ¥§≈âÕß°—∫π‚¬∫“¬¢Õß
∫√‘…—∑„π°“√¥”‡π‘πß“πµ“¡À≈—°∏√√¡“¿‘∫“≈
„π§√÷Ëߪï·√° ¢Õߪï 2549 ∫√‘…—∑¡’·ºπ∑’Ë®–‡ªî¥µ—«Õ“§“√™ÿ¥æ—°Õ“»—¬ ®”π«π 3 ‚§√ß°“√ ‰¥â·°à ≈ÿ¡æ‘π’ ‡æ≈ æÀ≈- –æ“𧫓¬
≈ÿ¡æ‘π’ ‡æ≈ √—™¥“-∑à“æ√– ·≈– ≈ÿ¡æ‘π’ ‡æ≈ ªîòπ‡°≈â“ 2 ·≈–®–‡ªî¥µ—«Õ’° 2 ‚§√ß°“√„π™à«ß§√÷ËߪïÀ≈—ߧ◊Õ ‚§√ß°“√¿“¬„µâ·∫√π¥å
≈ÿ¡æ‘π’ ‡´Áπ‡µÕ√å 1 ‚§√ß°“√ ·≈–‚§√ß°“√¿“¬„µâ·∫√π¥å≈ÿ¡æ‘π’ «‘≈≈å 1 ‚§√ß°“√
≈ÿ¡æ‘π’ ‡æ≈ æÀ≈- –æ“𧫓¬
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∫π‡π◊ÈÕ∑’Ë 7 ‰√à 90 µ“√“ß«“ √‘¡∂ππª√–¥‘æ—∑∏å ¡Ÿ≈§à“‚§√ß°“√ 2,200 ≈â“π∫“∑ ‡ªî¥µ—«‚§√ß°“√ 20 ¡°√“§¡ 2549
≈ÿ¡æ‘π’ ‡æ≈ √—™¥“-∑à“æ√–
Õ“§“√™ÿ¥æ—°Õ“»—¬ √«¡ 900 ¬Ÿπ‘µ ∫π‡π◊ÈÕ∑’Ë 5 ‰√à 2 ß“π 96 µ“√“ß«“ √‘¡∂ππ∑à“æ√– ¡Ÿ≈§à“‚§√ß°“√ 1,600 ≈â“π∫“∑
´÷Ëß®–‡ªî¥µ—«‚§√ß°“√„π‡¥◊Õπ‡¡…“¬π 2549
≈ÿ¡æ‘π’ ‡æ≈ ªîòπ‡°≈â“ 2
Õ“§“√™ÿ¥æ—°Õ“»—¬ ¡Ÿ≈§à“ 1,200 ≈â“π∫“∑ √‘¡∂ππ∫√¡√“™™ππ’ ª√–°Õ∫¥â«¬ÀâÕß™ÿ¥®”π«π 650 ¬Ÿπ‘µ
´÷Ëß®–‡ªî¥µ—«‚§√ß°“√ª√–¡“≥‰µ√¡“ 2 ¢Õߪï 2549
‚§√ß°“√¿“¬„µâ·∫√π¥å ≈ÿ¡æ‘π’ ‡´Áπ‡µÕ√å
Õ“§“√™ÿ¥æ—°Õ“»—¬ ¡Ÿ≈§à“ 1,800 ≈â“π∫“∑ ª√–°Õ∫¥â«¬ÀâÕß™ÿ¥®”π«π 3,600 ¬Ÿπ‘µ
´÷Ëß®–‡ªî¥µ—«‚§√ß°“√ª√–¡“≥‰µ√¡“ 3 ¢Õߪï 2549
‚§√ß°“√¿“¬„µâ·∫√π¥å ≈ÿ¡æ‘π’ «‘≈≈å
Õ“§“√™ÿ¥æ—°Õ“»—¬ ¡Ÿ≈§à“ 1,800 ≈â“π∫“∑ ª√–°Õ∫¥â«¬ÀâÕß™ÿ¥®”π«π 1,500 ¬Ÿπ‘µ
´÷Ëß®–‡ªî¥µ—«‚§√ß°“√ª√–¡“≥‰µ√¡“ 4 ¢Õߪï 2549

42. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 39
Future Projects
In 2006, the Company set a target to develops residential condominiums projects with an aggregate value of Baht 8,600
Million-the Company also develop 5 new strategies to maintain the leadership in the residential condominium business, i.e.:
1) Maintain the existing middle-end and middle-high end customers by developing condominiums in the heart of the city
in the price range of Baht 1 Million-consuming 1 year in the construction process and located near the large-scale
transportation system. This is a semi-tailor made condominium unit to meet the customersû needs under the Companyûs
self-developed style to fulfil various lifestyles.
2) Penetrate new customer markets through two channels, this includes, firstly searching for new locations with less
condominium development and secondly, expand the customer base to the C Group that has a high residential
demand despite the limited supply on the market. The selling price will be set at Baht 0.5 Million per unit. This project
will be developed in Small Size Township style situated at prime locations surrounded by large-scale transportation
system or high density communities.
3) Enhance the efficiency of condominium management after ownership is transferred in order to promote a better life
condition in the community and to provide security service for life and belongings of the dwellers, which is always
considered the unique strategy and strength of the Company.
4) Focus on the corporate environment & social responsibility more by planning, with the governmental authorities, to hold
activities on environmental preservation and creation of better life conditions for the urban community in response to
the Companyûs policy on good corporate governance compliance.
In the first half of 2006, the Company plans to launch three projects of residential condominiums, i.e., Lumpini Place
Phahon-Saphankwai, Lumpini Place Ratchada-Thapra, and Lumpini Place Pinklao Phase 2, and another two projects to be
launched in the second half of 2006, i.e., one project under Lumpini Center brand and the other under Lumpini Ville.
Lumpini Place Phahon-Saphankwai
29-storey residential condominium (2 buildings, 1,093 units), Area: 7-0-90 Rai, Location: By Pradiphat Road,
Project value: Baht 2,200 Million, Opening date: 20 January 2006
Lumpini Place Ratchada-Thaphra
A residential condominium (900 units), Area: 5-2-96 Rai, Location: by Thaphra Road, Project value: Baht 1,600
Million, Opening date: around April 2006
Lumpini Place Pinklao 2
A residential condominium (650 units), Location: by Bharomratchachonnanee Road, Project value: Baht 1,200
Million, Opening Date: around the 2nd
quarter of 2006
Project under Lumpini Center brand
A residential condominium (3,600 units), Project value: Baht 1,800 Million,
Opening date: around the 3rd
quarter of 2006.
Project under Lumpini Ville brand
A residential condominium (1,500 units), Project value: Baht 1,800 Million,
Opening date: around the 4th
quarter of 2006.

43. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)40
Highlinghts in the Past Year
°“√‡ª≈’ˬπ·ª≈ß„πªï∑’˺à“π¡“
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1 ≈ÿ¡æ‘π’ ‡´Áπ‡µÕ√å π«¡‘π∑√å 380 442 ¡°√“§¡ 2548 - ∏—𫓧¡ 2548
2 ≈ÿ¡æ‘π’ ‡æ≈ ªîòπ‡°≈â“ 1,098 580 ¡’π“§¡ 2548 - °√°Æ“§¡ 2549
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√«¡ 6,932 3,652
2. ∫√‘…—∑√à«¡°—∫µ≈“¥À≈—°∑√—æ¬å·Ààߪ√–‡∑»‰∑¬®—¥ß“π ç∫√‘…—∑®¥∑–‡∫’¬πæ∫ºŸâ≈ß∑ÿπ (Opportunity Day)é ‡¡◊ËÕ«—π∑’Ë 17 ¡’π“§¡
2548
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44. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 41
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45. ∫√‘…—∑ ·Õ≈.æ’.‡ÕÁπ. ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ (¡À“™π)42
1. The Company launched 4 new residential condominium projects last year; particulars as follow:
No. Project Project Value
Units Number Project Period(Million Baht)
1 Lumpini Center Nawamin 380 442 January 2005 - February 2005
2 Lumpini Place Pinklao 1,098 580 March 2005 - July 2006
3 Lumpini Ville Cultural Center 1,924 1,324 March 2005 - October 2006
4 Lumpini Place Narathiwat-Chaophraya 3,530 1,306 June 2005 - June 2007
Total 6,932 3,652
2. The Company, in cooperation with Stock Exchange of Thailand, on 17th
March 2005 held an çOpportunity Dayé
Event.
3. The Company had its securities ranked in SET Index 100 of Stock Exchange of Thailand; published on 18th
April
2005. SET Index 100 is an index to measure the price level of securities enhancing investment distribution for
medium-sized companies based on the aspects of liquidity, share distribution, costs on the daily average market
value in the stock exchange for 12 months back, being a registered company for at least 6 months and with
free-float over 20%.
4. On October 2005, P.S.T. City Home Project, the 29 Floors residential condominium won the third prize in the verdure
town scenario Project, at the pleasant-looking residence level, classified as the verdant greenery view of large
buildings at Yannawa District Office. That was the policy to signify the vitality of creation and the pleasant
surroundings of any projects.
5. The Company was ranked in 2005 to be 1 of 93 listed companies in the Stock Exchange of Thailand and was
awarded an appraisal of operational results for outstanding good governance in the Top Quartile group selected
by the Thai Institution of Directors Association. This time was the 3rd year straight that the Company was honoured
to be ranked in the Top Quartile group.
6. Professor Mora Bunyaphala, Chairman of the Board of Directors, passed away on 30th
July 2005. The Boardûs
Meeting No. 4/2005 appointed Mr. Pakorn Thavisin to assume the post of Chairman of the Companyûs Board with
effect on 11th
August 2005.
7. Mr. Amornsuk Noparumpa was appointed to be the Director and Audit Committee member with effect on 22nd
December 2005.
8. The incumbent Audit Committee were re-appointed to resume their offices from 1st
February 2006 to 30th
April 2008,
comprises the following members:
1) Professor Siri Keiwalinsrit Chairman of the Audit Committee
2) Mr. Vudhiphol Suriyaphivadh Audit Committee
3) Mr. Thep Roongtanapirom Audit Committee
4) Mr. Amornsuk Noparumpa Audit Committee
9. The Company has enhanced the potentiality and effectiveness of the staff members on a consistent and ongoing
basis, concentrating on improvement of the staff membersû competency corresponding to organizational goals,
visions, and commitments. The improvement of the managementûs competency was also focused on, through
cooperation with Thammasat University in holding a training program of Mini MBA intended to be the knowledge
organization.

46. L.P.N. DEVELOPMENT PUBLIC COMPANY LIMITED 43
Social Contribution Activities in 2005
Based on the policies and commitment practices on improving the lifestyle of communities along with sustaining
responsibility towards environment, L.P.N. Development Public Company Limited, throughout 2005, completed many
missions for customers, neighbours, society and communities in various aspects, e.g.:
- Support was given to the activities of Wat Tai School, the neighbouring society of Lumpini Center Sukhumvit 77;
such as, childrenûs day activities, novice ordainment on Motherûs day occasion, and giving Thai local musical
instruments for improvement of Thai childrenûs music study.
- The Company in collaboration with Than Settakij Newspaper held, on 13th
January 2005, a special seminar on
topic: çHow to be sure! Will earthquakes never impact large buildings in Thailand?é at which specialists in different
areas were invited to partake in expressing their opinions without restraint on earthquakes in Thailand in order
to create knowledge and realization of the potential impact leading to the correct practices for the future large
residential buildings.
- Scholarships were awarded to the Master Degree students of Housing Department, Architecture Faculty, Chulalongkorn
University on 17th
March 2005 totaling 5 scholarships amounting to Baht 260,000.
- The Company arranged an outdoor seminar for customers and staff of 1,000 persons approximately in Phuket
province aimed at participation in campaigns and helping in relief of the public and operators in the provinces
afflicted by the tsunami disaster.
- In July 2005, the Company promoted the governmental policy to relieve the trouble from longan decreasing price
under the çmobilization of Thai people to help farmers by consuming longané campaign by purchasing 1,000
kilograms of longan from the farmers in Lamphun province. In this event, the media and allied parties were
invited to participate.
- The Company continued to support society in many respects, i.e., donating exercise equipments to Yannawa
District Office; setting up the Band of Mercy to give out 200 sets of construction materials and sanitary - ware for
each community within Phranakorn Sri Ayutthaya; arranging the çFulfil their hunger, fulfil your soulsé project to give
out scholarships and consumer goods to the children in Kru Noi Refuge; and supporting the proper organizing of
the hawkers in the relieved spots within Phongsap market in Bangphlad District under ç10 parks, 10 clean canals,
and 10 clean roadsé project etc.
- On 17th
December 2005, the Company organised a çFamily Dayé event to spread joy amongst customers for the
New Year Festival, and also special activities to share joy with underprivileged children from 5 foundations, namely,
Foundation of Infants in Ghettos, Foundation for Children Initiation, Foundation for Thai Rural Children, Asia
education foundation, and Rajvithee Girls Refuge Foundation under the çWonderful World...Making their wishes
coming trueé activities in which there were over 200 children participating. In this event, scholarships were also
given to each foundation.