of 27 villas during the period. The Company are now having 264 villas or 1,091 rooms under its owned management. 3Q19 and 9M19 Operating Results: In 3Q19, the Company reported total revenue of Baht

Group has initially adopted TFRS 16 and recorded an increase in right-of-use assets and lease liabilities. 1Q2020 Operating Results In 1Q20, the Company has total revenue of Baht 1,262 million; decreased

3,810 4,096 -5.7% 7.5% 17,733 15,665 -12% Operating profit 9,252 9,496 9,394 1.5% -1.1% 37,711 38,179 1.2% Net foreign exchange gain (loss) 263 -428 163 -38% -138% 2 -646 n.m. Other income (expense) 136

of THB 156 million and a decrease in trade and other payables of THB 163 million. • Non-current liabilities increased by THB 391 million mainly as a result of the rental deposit for the Mixed-use

Operating Performance of EP Unit : THB For the nine-month period ended September 30 2016 2017 Revenues 332,608,989.95 386,594,621.67 Total Expenses 115,059,671.29 211,345,978.91 Net Profits (Losses) for year

the Consolidated Financial Statements ended 31 December 2018, which have been audited by the Company’s authorized auditor. The Company would like to clarify the operating results of the Company and its

THB 2,500 mm by using WHAUP’s IPO proceeds. Moreover WHAUP has issued debenture, totaling of THB 4,000 mm, which has lower interest rate, to re-finance long-term loan as well. 3. Decrease in trade and

WHABT as mentioned above. 3. Increase in trade and other payables of THB 979.9 mm, mainly due to the cash received from WHA-W1 exercise before paid-up the capital. 4. Increase in deferred tax of THB 430.6

6.68% Other income 7.03 3.31 3.72 112.24% 26.30 12.85 13.44 104.57% Selling and administrative expenses 136.78 106.82 29.96 28.04% 242.51 199.48 43.04 21.57% Operating profit 375.68 392.95 (17.28) (4.40

806.74 1,228.52 1,570.82 Short-term loans from financial institution 267.87 268.26 268.81 269.00 Trade and other payables 22.06 54.01 128.90 66.66 Advances and deposits received from customers - 103.31