performance Statement of income Consolidated Financial Statements for Quarter 1 of 2020 Quarter 1 of 2019 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB Million % THB Million

performance Statement of income Consolidated Financial Statements for Quarter 2 of 2020 Quarter 2 of 2019 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB Million % THB Million

”). The highest value when calculated based on the net profit test from operation which equals 4.39%, based on the 2017 consolidated financial statements of the Company as of 31 December 2017. This

Adopted to Determine the Value of Consideration : It has been negotiated and agreed with the seller and the purchaser by considering from the appraisal price from the financial advisor. Expected Benefits

32 million or 8.1 percent from same quarter last year, consisting of sales and service income at Baht 32 million. Consolidated Financial Statements Separate Financial Statements Increase (Decrease

and reduce production costs, sales and administrative expenses in all areas for the most benefit and efficiency. For the period of three months For the period of 1st half Consolidated financial

following details. Financial performance Statement of income Consolidated financial statements for the year 2018 2017 Change (Audited) (Audited/Restated) Increase (Decrease) THB Million % THB Million % THB

Calculating Basis, calculated from the consolidated financial statements ended March 31, 2019 which is categorized into transaction type 2 according to the Notification of the Transaction Regarding the

Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 2 of 8 Discussion of results of operations Consolidated financial statements 9 Months 2018 9 Months 2019 % Change

, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and