and evaluate the assets of Hero Experience. Sims based its evaluation on the Discounted Cash Flow Approach, assuming that the business has been operating for 9 years on the area of 12,935 Square Meter

the Revenue Code concerning an entire business transfer, SUTGH shall be responsible to register a dissolution within the same accounting period as the Entire Business Transfer Transaction. The SUTGH’s

the total asset. (266.64 Million Baht) The consolidated financial statements of the company as at November 30, 2017. Basis used in Value Measurement Considering by accounting valuation of the subsidiary

responsible to register a dissolution within the same accounting period as the Entire Business Transfer Transaction. The SUTGH’s accounting period ends on December 31, 2018, as a result, SUTGH’s liquidator

company as at November 30, 2017. Basis used in Value Measurement Considering by accounting valuation of the subsidiary company on February 28th, 2018 which valued Baht 491 Million the buyer negotiates with

concerning an entire business transfer, SUTGH shall be responsible to register a dissolution within the same accounting period as the Entire Business Transfer Transaction. The SUTGH’s accounting period ends on

accounting standard TFRIC12 EBITDA (MB) Q1/2017 Q1/2018 YoY % Operating profit 484.21 403.89 (80.31) (16.59%) Depreciation 95.25 100.14 4.89 5.13% Amortization 67.71 73.92 6.22 9.18% EBITDA 647.16 577.96

sincerely, Signed (Mr. Prakobkiat Ninnad) President Investor Relations Division, Finance and Accounting Department, Tel 0-2834-8914, Fax 02-834-8931

opened on 1 September 2019. Nevertheless, the Company adopts equity method of accounting for Jupiter hotels totaling of 29 hotels with 3,115 keys; consequently, performance of Jupiter hotels will be

Analysis for the year 2019 4 Accounting Standard. Other income which consisted of dividend income, consequently increased in the year 2019, in accordance with a decrease in share of profit from investments