1    (Translation) MD. 030/2018 February 21, 2018 Re: Management Discussion and Analysis For the Year Ended December 31, 2017 To: President The Stock Exchange of Thailand Management Discussion and

loss for the 1st quarter of year 2020 was Baht 255 million representing a decrease of Baht 469 million or down by 219% over the same period last year. The main reasons include: Total revenues The company

results  In Q2/2018, the Company and its subsidiary recorded total sales of Baht 1,327 million, a decrease of 3% YoY, following a drop in export CMG sales. However, export branded sales jumped supported by

the Company receives the payment for the capital increase Listing of the newly issued ordinary shares to be listed securities in the Stock Exchange of Thailand Within 14 days from the last date that the

process but have not yet completed according to the achievement stage. Advance payment for products and services decreased by 96.4 MB, representing a decrease of 61.3% because in the year 2020, the Company

in 3Q18, a 28.4% decrease from 3Q17. The decline was attributable to an increase in rental expenses due to a change in accounting entry for the hotels under Dusit Thani Freehold and Leasehold REIT

Understanding re: the Feasibility Study on the Acquisition of CR Solar Company Limited and (2) Related Parties Transaction. Attn: Director and Manager The Stock Exchange of Thailand Enclosure: 1. Information

unsecured debentures with bondholder representative total value of THB 1,005.0mn, interest rate 5.50% p.a., 3 years, quarterly interest payment, and having maturing date on 1 August 2022.  August Launched

require funding from financial institutions Trade and Other Payables decreased by 117.9 MB, representing a decrease of 18.3% from Q4–2018. This is because in Q3–2019, the Company had made payment to the

Board of Directors approved the interim dividend payment of THB 0.45 per share, approximately 78% payout ratio of the consolidated net profit, set to be paid on 11 September 2020. *Net Profit = Net Profit