EXECUTIVE SUMMARY 2 Q1’2017 Q1’2018 % change Q4’2017 Q1’2018 % change million Baht million Baht y-on-y million Baht million Baht q-on-q Sales and service income 7,651 8,156 6.6% 7,762 8,156 5.1% EBITDA 2,133

in Kenya. Moreover, Elite Havens luxury villa rentals and management has expanded to Goa and Maharashtra, India. Unit: Baht million 2Q20 2Q19 Change 6M20 6M19 Change Hotel business 100 813 -713 -87.7

of loans taken by a project company in USD is aligned with incomes earned in the same currency, which naturally restricts the exchange rate risk of commercially operational projects; and 2) Use of

costs as our fuel expenses have increased in recent months in line with the general trends on the solid fuel market. The operational efficiency improvement projects will along with fixed cost discipline

volume vs last year same period. The impact on the financial performance was significantly mitigated (operational cost saving program launched still in Q1 after Covid-19) and longer term via a network

margin (%) 65.5% 62.6% (2.9%) EBITDA margin (%) 31.6% 26.4% (5.2%) Net profit margin (%) 20.9% 5.9% (15.0%) Number of branches as at Mar 31 36 39 8% Change +/(-)Q1/19 Q1/20 Operating highlight in Q1/2020

. OCMSET/1907/003 July 30, 2019 Subject: Clarification of the operating results for the six-month period of 2019, change of rate more than 20% Dear: Director and Manager the Stock Exchange of Thailand

revenue proportion YEAR 2018 & YEAR 2019 & 1Q20 From the chart, it can be seen that the proportion of income from the 4 main structures of the company, there is a change in revenue from retail stores that

The Securities and Exchange Commission (SEC) held a meeting with the Department of Climate Change and Environment (DCCE), the Ministry of Natural Resources and Environment (MNRE), the Thailand

Services Tax (GST) abolition in 2018. However, the subsidiaries have continuously improved operational efficiency through improvements in gross margin rates, as well as continuing to focus on cost efficiency