. Total liabilities decreased by Baht 2,117.7 million mainly from decrease in trade account payable, bank loan and debentures. Total shareholders’ equity increased by Baht 319.2 million due to profit

account receivables and cash/cash equivalents which was used to repay bank loans and debentures. Total liabilities decreased by Baht 2,285.5 million primarily due to reductions in trade accounts payable

sincerely, -signed- (Mr. Chaiwat Kovavisarach) President and Chief Executive Officer The Secretary to the Board of Directors Division Tel: 0 2335 4638 Fax: 0 2016 3982 Preliminary Information of the Employee

) Chief Financial Officer PACE Development Corporation Public Company Limited

. Arttavit Chalermsaphayakorn) Chief Financial Officer FINANCIAL PERFORMANCE Cash flow analysis

Sincerely, -Piya Nguiakaramahawongse- (Piya Nguiakaramahawongse) Chief Financial Officer Central Retail Corporation Public Company Limited

Klongwathanakith (Pongsarn Klongwathanakith) Chief Financial Officer

financial institutions and (2) increased shareholder equity derived from the initial public offering. Please be informed accordingly, Yours sincerely, (Mrs. Yupaphan Ekasittikul) Chief Financial Officer

. Please be informed accordingly Your sincerely, (Prof.Dr.Chalerm Harnphanich) Chief Executive Officer

) 2058 9888 Email: ir@shotelsresorts.com Yours faithfully, S Hotels and Resorts Public Company Limited - // - (Mr. Chairath Sivapornpan) Chief Financial Officer / Company Secretary