Percentage of shareholding (%) 1 Forth Corporation Plc. - 99,998 50.00 2 Mr. Pongchai Amatanon The Company’s director/ shareholder 1 - 3 Mr. Pattanan Amatanon One of the sons of Mr. Pongchai Amatanon 1 - 4

shares Percentage of shareholding (%) 1 Forth Corporation Plc. - 99,998 50.00 2 Mr. Pongchai Amatanon The Company’s director/ shareholder 1 - 3 Mr. Pattanan Amatanon One of the sons of Mr. Pongchai

baht, increase of 90.91 %. The reasons for the increase are : 1.1 In The year 2020, Ramkhamhaeng has one more subsidiary is Vibharam Company Limited. It is the reason why the company has increased

1,915.62 million baht, increase of 61.27 %. The reasons for the increase are : 1.1 In The year 2020, Ramkhamhaeng has one more subsidiary is Vibharam Company Limited. It is the reason why the company has

results Consolidated 2022 2021 Sales 9,061.66 9,334.73 Cost of Sales 8,380.13 8,165.19 Gross Margin 681.53 1,169.54 Gain (loss) on exchange rates 9.52 (202.32) Loss on assets disposal (0.51) - Other Incomes

the Company in June 12, 2018. Discussion of results of operations Consolidated financial statements Six Months 2018 Six Months 2019 % Change from Six Months Ended 2018 and 2019 THB million % THB million

Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 2 of 8 Discussion of results of operations Consolidated financial statements 9 Months 2018 9 Months 2019 % Change

Limited (the “Company”) submitted its separate financial statement and its consolidated financial statement for the third quarter of 2018 and 9 months ended on 30 September 2018 which were reviewed by the

decrease in numbers when compared to the revenue of Q3/2018. Though, the revenue figure of this period may seem a little less than the one before in Q3/2018. The slight decrease in numbers is due to the

to expand the utilities business outside WHA Group’s industrial estates. SDWTP was established in 2016 and became one of the main water suppliers in Hanoi. Currently, the project’s capacity is