Unit” with Thai Oil Public Company Limited following “Growth along with PTT Group” strategy The company conducted studies with Thai Oil Public Company Limited (Thai Oil) to seek for business expansion

UNOFFICIAL TRANSLATION Codified up to No. 6 As of 26 July 2018 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference

. Moreover, the natural resources business group realized loss on foreign exchange of THB 99 million from loan to subsidiary, after Thai Baht appreciated against US Dollar in this quarter. Management

Dusit Thani PLC Management Discussion and Analysis For 2Q20 and 6M20 P a g e | 1 Executive Summary The COVID-19 pandemic has severely hit Thai and global economy, especially the tourism and

Phatra Securities Plc. for 1Q21 was at 10.84%, continuing to rank 1st from total of 38 brokers. Overall market environment The Thai economy started out at a slow pace in January 2021 due to the resurgence

of the revision of revenue recognition according to TFRIC 12. • Shares of profit from Thai Solar Renewable Company Limited (TSR) increased by Baht 9 million from Q4/2017 due to higher sunlight

countries – Thai, Maldives, Mauritius, Fiji, and United Kingdom. Hospitality business generated THB 3,818m in 2019 or 48% increased from 2018. The significant increase in revenue from Hospitality business

Q2/2017 and increased by Baht 30 million from Q3/2016. This is because of the revision of revenue recognition according to TFRIC 12. • Shares of profit from Thai Solar Renewable Company Limited (TSR

of 530 million baht or 2.12 baht per share, decreasing by 46% y-y. The financial performance can be summarized as follows. Overview The Thai economy in the first quarter of 2020 contracted by 1.8

. Including uncertainty from the US economic policy Therefore, the overall of the world economy is growing at a slower rate. While the Thai economy continues to grow at a slow rate as well Although the economy