the post- employment benefits program from the 300 days to 400 days and recognize loss from exchange rate which in 2018 was recognized as foreign exchange gain. 3.7 In 2019, the labor Protection Act

implementation of TFRS 16 2.2.5 Debenture No.1/2020, in the amount of Bt998.2 million Page 7 of 7 2.2.6 The Employee benefit obligations was of Bt1,157.7 million according to Labor Protection Laws as TAS no.19 on

as the Labor Protection Act (No. 7) B.E. 2562 and has set aside loss on devaluation of obsolete, defective and slow-moving inventories so on. Net Profit and Net Profit Margin For 3-month period ended

due to expenses related to Covid-19 such as Antigen test kits, protection equipment, donation and also expenses of the two new proton showrooms in Malaysia which started the operation in Q4 2020. There

Management Discussion and Analysis (MD&A) 2019 Page 1/8 Management Discussion and Analysis (MD&A) 2019 Overview and Factors Affecting Future Performance 2019 was considered a challenging year for the

1 of 9 Management’s Discussion and Analysis for the performance of the year 2019 Business Overview For the ended of the year 2019, S Hotels and Resorts Public Company Limited (“the Company”) had total

nine-month of the year 2016 ended September 30, 2016. The Company’s overall performance can be summarized as follows. DCORP would like to summarize the overview of the consolidated company’s performance

medical equipment as well as medical service concerning health and esthetics. 2. Overview of operating results in the Year 2017. The overall global economy still has growth direction in fine criteria from

service concerning health and esthetics. 2. Overview of operating results in the Year 2018. Although in 2018, the global economy as risk from international of political tensions and economic. And the

Company Limited Management Discussion and Analysis for the Quarter Ended on June 30, 2019 3 Overview Operational Results Between the second quarter of the year 2019 and 2018 (Unit: Million Baht) Description