cash equivalents increased by THB 820.1 million driven by cash generated from operations (see cash flow analysis) and other assets increased due to acquisition of leasehold rights of THB 312.1 million

Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Sales Revenue Net Profit Unit: Million Baht Page 2 3. Results of Operations and Profitability Consolidated (Unit: Million Baht) Q3/2018 Q3/2017 %YoY 9M/2018 9M/2017 %YoY

and its subsidiaries (Hereinafter called “ The Group” ) would like to submit Management’s discussion and analysis for the Quarter 3’ 2018 with the summary as follows: - 1. Nature of operations of the

affect the Company and subsidiaries ongoing operations. Disclaimer Some statements made in this material are forward- looking statements with the relevant assumptions, which are subject to various risks

operational performance coupled with the less loss from the overseas operations. On another hand, if only considering the domestic subsidiaries of the Company, the effective corporate income tax rate was 16.5

support operations within the business group. 2. Other Income The Company and its subsidiaries had revenue from Other Income in the 3rd quarter of 2019 and the 3rd quarter of 2018 of 14.21 million Baht and

March 31, 2020, the liquidity of the Company and its subsidiaries was considerably appropriate for its operations and had strong financial position. As at March 31, 2020, the consolidated current ratio

priority, as well as the continuity of business operations. The whole supply chain has been reviewed to ensure no disruption or supply shortage. Alternative sources for key materials were identified, the

since April 2020 of its hotel operations in Thailand, Maldives, Fiji and Mauritius and some hotels in United Kingdom. In accordance with the government’s request to facilitate the government officers who

decreased by 112.5 percent, contrary to income tax expenses by -6.58 million in the same period of previous year. This was mainly due to loss from operations in current three months. 1.9 Profit Sharing for