. These forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future and

 cases,  nd/or  subsidiar e relevant assumptions, wh ified by the use of forward the information currently  ssed or implied by such forw   2Q17 M ced Info Y (maintained % YoY  h near‐zero marg 0% of net

. These forward- looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future and

different from the future results, performance or achievements expressed or implied by such forward-looking statements. These forward- looking statements are based on numerous assumptions regarding the

numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future and are not a guarantee of future performance. 2019 and

the price is in the valuation range which is calculated by the net present value method of cash flows prepared by the Company's internal financial consultant with the assumptions summarized as follows

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through support of investment and private spending as well as bolstering opportunities for other econo...

Hotels and Resorts which is USD 322 million or Baht 10,187 million1. 14. Financial projects in the present year ( If any) , including assumptions on trade, economics, industry and review of the figures by

be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on numerous assumptions