วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 010/2019/EN 15 May 2019 Subject: Management Discussion and Analysis of the Company and its subsidiary for period ended 31 March 2019 To: The President of the

capital increase from Initial Public Offering would result in the marked decrease in Debt-to-Equity ratio and financial costs going forward. Management’s Discussion and Analysis S Hotels and Resorts Public

like to thank the Chairman and the CMDF committee for supporting the development of the Thai Capital Market’s digital infrastructure initiative. This project is the key factors innovation that increase

herewith explanation and analysis of the Management as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2017 2016 2015 Increase (decrease) 2017-2016 1.1 Construction material 207.44

wishes to submit herewith explanation and analysis of the Management as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2019 2018 2017 Increase (decrease) 2019-2018 1.1

Analysis Quarter 1 Ending 31 March 2020 1. Highlights The Consolidated reported net loss for Q1 2020 was Baht 1,287 million, an increase by Baht 484 million YoY and total sale revenue of Baht 4,820 million

Ref. APURE 005/2023 February 23, 2023 Subject Financial Analysis for Financial Statement and Operating Performance of Year 2023 Attention The Director and Manager of the Stock Exchange of Thailand

analysis to provide appropriate services that are accessible and suitable for investors’ needs. SEC has also launched the Wealth Tech Project using robo advisor and/or AI for investment analysis and

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2020 The Thai economy in the first quarter of 2020 sank into a

2,188.5 9 292.4 5 119.9 8 2,600.9 2 1,874.1 8 98.6 2 110.3 6 517.9 10 d Analysis, land mited (“the C n to certify t aries for th Company’s ement for th uarter in 20 the perform tatement du an increase 4.2