last year, which was mainly due to the declining of tenant income from declining of traffic. In addition, the Company still provided discount to support some tenants case by case. 3. Revenue from

Events 3 Management Discussion & Analysis Q2/2021 Established Over 20 Cloud Kitchen to Support Online Orders The company has established over 20 cloud kitchens throughout Bangkok between July 20, 2021

REIT entrusted by the Trustee, the REIT manager shall provide qualitative and capable operating systems to support the work under its responsibility entirely. In this regard, the systems shall comprise

provide special discount packages to clients whose booking and stay period within 31 December 2020 and put its hotels in Thailand on “We Travel Together” campaign launched to promote local tourism industry

large infrastructure projects will continue to support the economic growth and help bolster private investment recovery going forward. Nevertheless, monetary policies in the US and Europe necessitate

support the upcoming businesses, the increase in rental expense from moving to the temporary office (previously, office was owned by the Company), the decrease in share of result in investment in DREIT, the

support the upcoming businesses, the increase in rental expense from moving to the temporary office (previously, office was owned by the Company), the decrease in share of result in investment in DREIT, the

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering of the Newly Issued Ordinary Shares of the Company through a Private Placement which is a Connected Transaction, Capital Reduction, Capital Increase, Entering into the Right to Sell Advertising Media Agreement which is a Connected Transaction, Appointment of the Independent Financial Advisor and Call...