2017 Consolidated Profit & Loss of NIPPON PACK (THAILAND) PCL., Unit : Million Baht Year 2017 Year 2016 Change %YoY Revenue from sales and services 621.1 540.2 80.9 15% Revenue from food and beverage

Baht Quarter 2 Year 2018 Quarter 2 Year 2017 %YoY Quarter 1 Year 2018 %QoQ Revenue from sales and services 157.7 150.6 4.7% 158.3 (0.4%) Revenue from food and beverage sales 125.5 142.0 (11.6%) 127.1

prepare for the Company’s upcoming leaping growth in the future. 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market In Q2/2017, domestic RTD fruit juice market decreased 15% YoY due to

to the growth in sales of dessert and beverage cafés which was a result of same-store sales growth (SSSG) and the higher sales per bill, as well as the increase in After You branches. R E V EN UE

Sales and services 629.5 621.1 8.4 1.4% Sales of food & beverage 533.1 491.9 41.2 8.4% Total Sales 1,162.6 1,112.9 49.7 4.5% Gross Profit 228.0 191.5 36.5 19.1% Net Profit/(Loss) for the year (278.9

- Translation - OSP 11/2018 25 December 2018 Subject: Investment through its indirect wholly-owned subsidiary in a beverage company Attention: President Stock Exchange of Thailand With reference to

Veranda Resort Public Company Limited Management Discussion & Analysis Q1/2020 Management Discussion & Analysis Q1/2020 Revenue Structure Hotel 45.3% Property development 46.4% Food and beverage 6.1

897,063 (57.0%) Food and beverage revenue 639,516 959,886 (33.4%) Other revenues 276,209 348,397 (20.7%) Hotel income 1,301,172 2,205,346 (41.0%) Cost of sales and services 1,065,622 1,216,118 (12.4

158,067 235,449 (32.9%) Food and beverage revenue 172,835 219,300 (21.2%) Other revenues 66,367 77,322 (14.2%) Hotel income 397,269 532,071 (25.3%) Cost of sales and services 275,326 283,641 (2.9

and revenue from overseas sales at 54:46 respectively changed from the ratio of 67:33 in the same period last year. Sales of energy drink product alone was THB 2,830 million, increased by THB 535