increasing 0.2% when compared to 6.7% in 1Q19, due to the impact from the new Labor Protection Act (No.7) was published in the Royal Gazette, with more benefits for employees who have worked for an

higher number of employees to support additional workloads. Financial Position Total Assets As of 30 September 2018, the Company’s total assets stood at THB 5,287.57 million, growing at 3.17% from the end

business transfer date, with the par value of Baht 100.00 or equivalent to 66.00 percent of SUTG’s shares capital (as mentioned in notes to financial statements No. 29).The company’ s following transactions

same period last year due to the reduction in the number of employees at the executive level and the control of marketing expenses. The Company had operating loss before financial costs and income tax of

increases in workload in the future >> Increase in depreciation from the purchase of new servers, computers and programs for new employees >> Re-classification of office and equipment rental expenses and

1. The outbreak of Corona Virus Disease 2019 (COVID-19) Since the end of February 2020, the government and private companies allowed the employees to work at home to prevent the further spread of the

) (26.52) Rental of office and branches 0.86 13.28 (12.42) (93.54) 1.21 26.36 (25.15) (94.40) Depreciation – Leasehold right asset 6.69 0.00 6.69 100.00 16.72 0.00 16.72 100.00 Employees’ salaries of

/impairment of asset, etc. Administrative expenses in 2018 was 1,599 million Baht increased by 59% YoY mainly due to higher personnel expenses reflecting increased number of employees and administration of the

Events On 27 February 2019, The Company’s Board of Directors approved the initial public offering (the "IPO") of ordinary shares of S Hotels and Resorts Co., Ltd. ("SHR"), and the listing of SHR on the SET

baht, an increase equivalent to 44%. It was due to the allowance for doubtful accounts as well as an increase of the remuneration for employees. The operating profit was equivalent to 23.7 million baht