revenues, excluding some categories of revenues that have already declared in the hotel management advisor agreement will be around Baht 7 Million per year. The remuneration is calculated from forecasted

October 2019 - 30 September 2020). The remuneration is calculated from forecasted total revenues of the Hotels, with the following details : (Translation) (Unit: Million Baht) Year 2019 2020 (Oct-Dec) (Jan

revenues that have already declared in the hotel management advisor agreement) which is approximately Baht 8 Million per year. The remuneration is calculated from forecasted total revenues of the Hotels

residual value of assets and the revenue from fuel tank rental services. 1.2 Expenses 1.2.1 Cost of services In Q1/2019, Cost of services was of Bt387.7 million, increased by Bt9.5 million or 2.5%(y-o-y

result of the License return shall be deducted by the outstanding license fee. The residual compensation, after a deduction of license fee, equals to Baht 675.76 million. 3.2. Calculation of the

2020, National Economic and Social Development Council (NESDC) forecasted Thailand’s economy to expand by 1.5- 2.5 percent, softening from 2019 due to impacts from the coronavirus (Covid-19) outbreak

containing the COVID-19, economic growth is forecasted to contract by -7.8%1; the lowest growth among ASEAN countries. In addition, a range of political issues are loading to an uncertain economic recovery

performance as forecasted. In 2Q18 Dusit Thani PCL (“the Company”) reported total revenue of THB 1,125 million, up 3.9% yoy. This growth was driven by the growth in Other Businesses offsetting a slight decrease

gross margin was in deficit due to an adjustment to the estimated construction cost of Baht 25.26 million since the forecasted estimation of materials was lower than the actual one. In addition, due to

to grow slower than forecasted. It was mainly due to the weakening export sector which attributed to the declining demand worldwide, resulting in the stagnant economic growth in several major trading