, performance of Jupiter hotels will be reported under share of gain/loss from investment in joint ventures. 1Q2020 operating performance of Hospitality business Hotel 1Q19 1Q20 Change (%) Self-Managed Hotels

Limited Management Discussion and Analysis 2Q20 2Q20 and 1H20 operating performance of Hospitality business Hotel 2Q19 2Q20 1H19 1H20 Self-Managed Hotels Number of hotel 2 2 2 2 Number of key 297 297 297

ensure compliance with the trust instrument and the relevant laws. The duties under the first paragraph shall include the following duties: (1) ensuring that the REIT is managed by the REIT manager whose

for the year 2018 resulted from taxable profit from sales of ABOVE 39 condominium which calculated from the difference of selling price and taxable cost of investment received by way of Entire Business

, there shall not be any person taking responsibility of the entire process which may render him or her an opportunity to illegally modify or amend the information or operation of computer system. Clause 5

personnel in such units. However, there shall not be any person taking responsibility of the entire process which may render him or her an opportunity to illegally modify or amend the information or operation

those segments delayed theirs the projects; however, the situation started easing towards the end of the quarter. In addition, the Company had structured its group business by transferring the entire

company disposed the entire investment of both companies during the year 2019, resulting in lower income and gross profit. The Group has revenue from sales for the 6-month period ended on June 30, 2020 in

practices integrated into the entire business value chain, with a view that businesses, regardless of their size, can implement these practices

relevant documents and then immediately order to sell the entire fund from the account. {D}, on the other hand, agreed to make whole to the client by compensating all loss incurred from that unauthorized