) Chief Financial Officer PACE Development Corporation Public Company Limited

. Arttavit Chalermsaphayakorn) Chief Financial Officer FINANCIAL PERFORMANCE Cash flow analysis

days compared to 114 days as of 31 December 2018. AGEING OF TRADE RECEIVABLES (THB mn) 31 DECEMBER 2018 (Restated) 31 DECEMBER 2019 Not yet due 273 322 Up to 3 months 145 223 3 - 6 months 67 50 6 - 12

THB 8,767 million or equivalent to a profit margin of 5.7%. The main reasons for the decrease are as follows: 1. Revenue from sales was THB 142,369 million, increased by THB 8,925 million or up by 6.7

Water, 3-in-1 Coffee and RTD Coffee Sales of branded products by own manufacture were THB 12,881 million, up by THB 343 million or 2.7%. The amount consisted of domestic and overseas sales at the

contributor to the Group's revenue. During the years ending 31 December 2018 and 2019 revenue from sales of food and beverages made up 96.2% and 96.3% of total revenue respectively. Revenue from Sales of Food

maintenance is performed effectively in accordance with maintenance plan. Solar Energy Power Plants are in the start-up phase with only 3 COD plants, therefore the Group has loss on operations for the first

. Please be informed accordingly Your sincerely, (Prof.Dr.Chalerm Harnphanich) Chief Executive Officer

) 2058 9888 Email: ir@shotelsresorts.com Yours faithfully, S Hotels and Resorts Public Company Limited - // - (Mr. Chairath Sivapornpan) Chief Financial Officer / Company Secretary

), the natural gas distribution services, which has its capacity to distribute natural gas up to 2,000,000 MMBTU per year, or 700,000 equity MMBTU per year started the commercial service in WHA Eastern