had refinancing expense of SOE long term loan amounting to Baht 140 Million but no such transaction in this year. Financial Position (Unit: Million Baht) Description 30 Jun 19 31 Dec 18 Changes Amount

ended 2018, which was paid in Q2/2019 with the amount of THB 155 million. Analysis of Statement of Financial Position 8

ILM Malaysia, despite higher distribution costs, finance costs, and employee retirement benefit according to the Labor Protection Act of THB 21.0 million (net after tax). Analysis of Financial Position

. Financial Position of the Company and its Subsidiaries (Unit: Baht Million) 30 June 2019 31 December 2018 % Change Cash and cash equivalents 103 122 (15%) Account receivables 911 705 29.2% Inventories 592 897

in the fourth quarter in 2017, resulting in decrease of the Company’s financial costs. FINANCIAL POSITION The changes in Consolidated Balance Sheet as of 30 June 2018 are summarized as follows. Assets

Baht 969.7 million in 1H2017, or a 43.6% increase. 2. FINANCIAL POSITION 21,378.2 8,801.2 12,577.0 22,845.2 10,030.0 12,815.2 Total Assets Total Liabilities Total Shareholder Equity As of 31-Dec-17 As of

Company’s financial costs. FINANCIAL POSITION The changes in Consolidated Balance Sheet as of 30 June 2018 are summarized as follows. Assets As of 30 June 2018, the Company had total assets of THB 76,705.4 mm

directors who have interest The names of the Company's directors who have interest in this matter are as follows: 6 Name - Surname Position(s) in the Company Mr. Chutinant Bhirombhakdi Chairman of the Board

significant decrease in cost of fund as a result of the issuance of latest debentures with lower coupon rate, and partial utilization of short-term instruments from financial institutions. FINANCIAL POSITION

healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.10 times. 2018 Outlook Maintain 2018 forecast, yet adjust down new hotels opening • Despite Boat