raising to be used as working capital and/or to invest in additional projects of the Company and/ or repay debt. The Board of Directors therefore approved the extension of the debenture issuance amount and

. The total number of keys that are operational are 8,923 keys, an increase of 8,254 keys from 1Q 2017. As a result of the acquisition of the hotel business in Europe and the EBT of UE, the number of

2,837 (207) Managed* 4,490 2,384 2,106 3,856 3,650 206 81.9% 76.8% 5.1 3,157 2,803 354 Total Operational 9,579 7,063 2,516 2,933 3,078 (145) 72.6% 76.0% (3.4) 2,128 2,339 (211) Hotels in Pipeline 15,583

(82) 3,242 3,420 (178) 76.9% 74.2% 2.7% 2,492 2,536 (44) Total Operational 11,749 9,875 1,874 2,931 3,001 (70) 72.1% 68.8% 3.3% 2,114 2,065 49 Hotels in Pipeline 20,037 17,122 2,915 Grand Total 31,786

, departments, and working functions. 7.2 The company analyzes all risks that could come from both internal and external factors, including risks from business strategies, operations, reporting, compliance with

Khiang. At the branch support and back- office, the Group will put efforts and resources into improving operational efficiency by investing in IT systems. Performance New Branch Openings in 2019 Brand

its eye on new store development, Consumer Brands product launch and new international franchise opportunities. Financial and Operational controls have been reassessed and repositioned to allow the

store development, Consumer Brands product launch and new international franchise opportunities. Financial and Operational controls have been reassessed and repositioned to allow the company to see better

8,923 992 2,922 2,800 122 62.2% 62.4% -0.2% 1,818 1,747 71 * Excludes ADR, Occupancy and RevPAR of AHS managed hotels In 1Q 2019, total number of operational keys stood at 9,915 keys, an increase of 992

% 72.6% 1.2% 2,268 2,277 (9) * Excludes ADR, Occupancy and RevPAR of AHS managed hotels In 2Q 2019, the total number of operational keys stood at 11,707 keys, an increase of 1,631 keys YoY. The number of