1 Translation CEN 024-2018 May 15, 2018 Subject : Management Discussion and Analysis for quarter 1-2018 To : The Manager and President Business operation for 3 month period as ended March 31, 2018 of

Connected Transactions B.E. 2546 (as amended). Moreover, according to the Company’s latest consolidated financial statement ended March 31, 2018, the total transaction size of acquisition of ordinary shares

consolidated financial statements of the Company for the latest three-month period ended 31 March 2018. The total value of consideration is Baht 1,456.31 million, which is the total invest value, when deducting

paid basis and the total value of consideration equals to Baht 1,228.31 million, calculated from the reviewed consolidated financial statements of the Company for the latest three-month period ended 31

approved the reviewed financial statements of the Company for the first quarter ended May 31, 2018; 2. Approved the connected transaction with the related companies. (Details as attachment) Please be

) operating results based on its reviewed consolidated financial statements ended 30 June 2018 as follows. Highlights on Q2-2018 Operating results Unit : Million Baht Q2-18 Q2-17 Q1-18 % Change Amount % Amount

second quarter ended 30nd June 2018, Laguna Resorts & Hotels Public Company Limited suffered a net loss of Baht 48 million as compared to a Baht 152 million loss for the same period last year. The

the second quarter ended 30 June 2018 which had been reviewed by the independent auditor as follows: Consolidated financial statements The Group reported profit attributable to owners of the Company for

percent higher than the last year which to be ended at 837 MB by focusing to the expanding in our business to the international markets. At this stage, Thailand is currently the largest exporter of canned

3.35 million or 117.27 percent from the Q2/2017. Because of in the Q2/2018 the Company’ posted a net profit increased. 3 For the six-month period ended 30 June 2018, the Company and its subsidiaries