OHTL Public Company Limited and its subsidiaries Management Discussion and Analysis for the first quarter ended 31 March 2020 (Unit: Thousand Baht) 2020 2019 Increased/ (Decreased) Room revenue

2019 1. Sales Revenue increased by 71.28 million baht or 4.23% from 1,684.73 million baht in 2019 to 1,756.01 million baht in 2020, the mains reason for revenue increased were market demand increased, as

revenue of the company for the twelve-month period ended 30 September 2017 was Baht 13,551 million, slightly decreased by 0.4% or Baht 31 million from 2016, which had total sales revenue of Baht 13,637

% Revenues from sales and rendering services 2,632.52 2,776.38 143.86 5.46% Revenues from hotel operations 105.72 88.28 -17.45 -16.50% Total revenue 2,738.25 2,864.65 126.41 4.62% Cost of goods sold and

2017 Change % Change Revenue 849.62 707.22 142.40 20% Cost 721.26 596.69 Gross profit 128.36 110.53 17.83 16% Gross profit margin 15.11% 15.63% Other income 0.24 3.80 (3.56) -94% Selling expenses 1.89

Revenue from sales and services 149.92 147.00 2% 154. 53 (3%) Revenue from sales of food and beverages 244.21 132.43 84% 149. 75 63% Total 394.13 279.43 41% 304. 28 29% Gross profit 82.22 63.31 30% 66.07 24

accounting, to falsify documents about financial aid from Coke in order to record as revenue, resulting in increase of profits in the financial statements for the year 2002 of DAIDO. In addition, he colluded

DAIDO chairman, to falsify documents about financial aid from Coke in order to record as revenue, resulting in increase of profits in the financial statements for the year 2002 of DAIDO. In addition, he

auditor as follows: Statements of Comprehensive Income for the 4th Quarter Ended December 31, 2019 Revenue from Hospital Operations Revenue from hospital operations in the 4th quarter of 2019 ( “ 4Q19

180.1 million, decreased by THB 24.0 million or 11.8% from the prior period and also decreased by THB 59.3 million or 24.8% from the same period of prior year. It mainly decreased from revenue from