from recovery of internal demand of several countries. In the meantime, Thai economy still has continuously expanded in the same direction from investment motivation of both governmental and private

new products continuously. As well, the Company also aims to expand business to CLMV countries (Cambodia, Lao PDR, Myanmar, and Vietnam); which are the countries having interesting growth direction of

(“ICUK”) of THB 11 million, and the rest to many other countries both in Asia and Outside Asia totaling of THB 126 million, rose by THB 39 million or 44.8% driven mainly by sales orders of Yemen and

the delay in ownership transfer in a certain number of our customers and lockdown policy implemented in various countries causing difficulty for real estate foreign buyers to proceed the ownership

all countries where the Company owns or operates its businesses. Significant Developments Impact from COVID-19 pandemic The Company announced the temporary suspension on hotel operations from April 1

investment scheme units ” means the units of a foreign collective investment scheme established in ASEAN countries (ASEAN Collective Investment Scheme), which may be offered for sale in Thailand under the

the units of a foreign collective investment scheme established in ASEAN countries (ASEAN Collective Investment Scheme), which may be offered for sale in Thailand under the Notification of the

plan Due to the worldwide outbreak spread of Covid-19, from the beginning of 2020 onwards, various countries started to use measures to control the spread of the disease in the countries. There were

venture - A Woody Drink company limited (“AWD”)’s management. In June 2020, the Company released Woody C+ Lock Orange Flavoured while began to export to neighboring countries in CLMV in a non- significant

Dusit Thani PLC Management Discussion and Analysis For 1Q20 P a g e | 1 Executive Summary Due to the COVID-19 pandemic, Thailand and many countries in the world have issued the preventive measures