Dusit Thani Hotel Hua Hin, a decrease in revenue from Dusit Princess Srinakarin Hotel affected from the Mass Rapid Transportation construction and more market competition. However, the Company had revenue

Rapid Transit Authority of Thailand (“MRTA”) under the MRT Blue Line Concession Agreement on March 31, 2017, under which the Company has the duties to design, supply, install, test the M&E Equipment, and

granted the concession for the MRT Blue Line Project by the Mass Rapid Transit Authority of Thailand (“MRTA”) under the MRT Blue Line Concession Agreement on March 31, 2017, under which the Company has the

37.0% in 3Q19 and 31.6% in 9M19 compared yoy from the closure of Dusit Thani Bangkok, the partial renovation at Dusit Thani Hua Hin, and Dusit Princess Srinakarin affected from the Mass Rapid

Rapid Transportation construction. However, the increase was from Dusit Thani Laguna Phuket after the completed renovation and Dusit Suites Ratchadamri Bangkok opened in 2Q19. - Overseas hotels revenue

US$1.04 trillion5 and 267 million population with young working age population, growing middle and upper income class, rapid digital penetration, high credit growth6 and large unbanked population7

[ii] the intermediary by which such person is appointed or assigned, until the condition specified by the SEC Office is completed or the period specified by the SEC Office elapses. Clause 35 [i] In

disruption may have significant impact on their clients, undertakings, businesses, reputation, financial condition, and operating performance; “use of mobile device” means the use of mobile devices in the

account the financial market and capital market, politics and social condition: - Industry analysis: - Study and analysis of fundamental factors of the business to be invested. (3) Prescription of criteria

decision to be comprised of at least the followings; - Analysis of overview domestic and international economy taking into account the financial market and capital market, politics and social condition