venture agreement with Tokyo Tatemono Asia Pte. Ltd. to jointly develop a luxury condominium project in Thonglor area, Soi Sukhumvit 38. Management outlook and future projects Despite the bearish outlook

Three Company Limited back from the two investors. The investment in shares of the joint venture, therefore, decreased by 6,441 million Baht. The main assets, cash and cash equivalent of 1,278 million

February Entered into the third joint venture agreement with Tokyo Tatemono Asia Pte. Ltd. (“TTA”) to develop an ultra-luxury condominium project in soi Sukhumvit 38, near BTS station – Thonglor. The project

shareholding proportion is 49 percent and 51 percent, respectively. Both investors agreed to establish a joint venture company in Thailand with the registered capital of Baht 1 million, divided into 100,000

(4) 29 upper midscale hotels operated under the Mercure and Holiday Inn brands in the United Kingdom, of which the Company holds 50% in an equal joint venture "UK Portfolio Hotels". Results for the UK

7.2% Investment in joint venture and associates 2,129 23.2% 2,030 23.1% Property, plant and equipment 877 9.5% 861 9.8% Right-of-use assets 2,233 24.3% 2,033 23.2% Goodwill and Intangible assets 1,467

current investments 1,216 13.2% 1,200 13.2% Trade & other receivables 641 7.0% 574 6.3% Investment in joint venture and associates 2,129 23.2% 2,264 25.0% Property, plant and equipment 877 9.5% 878 9.7

(loss) from investment in associates and joint venture 375.4 604.1 -228.7 -37.9% Share of profit (loss) from investment in associates and joint venture 44.4 122.8 -78.5 -63.9% EBIT 419.8 726.9 -307.1

1.72%, compared to Q3/2018, which charged fee from join venture agreement project 5. Financial expenses Financial expenses consisted of interest of banks and interest of hire purchase in Q3/2019 at Baht

Lamlukka owned by WHA Venture Holding Co., Ltd. (2.3) Omada Aerospace Factory Rayong owned by Warehouse Asia Alliance Co., Ltd. - 2 - The assets’ details appear in Annex 1. 2. Price of Selling Assets to