PAGE 1 OF 3 GEL.CS.001/2564 1 March 2021 Subject: Management Discussion and Financial Analysis for the operating results of the year 2020 December 31, 2020 To: Director and Manager The Stock Exchange

memorandum to the shareholders within 21 days from the date on which it has made the disclosure to the Stock Exchange of Thailand in accordance with the Notification on Acquisition or Disposition of Assets

income has not arisen and, according to the action plan, the commencement of the income recognition in this part will start within quarter 1/2017. After Blue Finix’s success in August 2017, the official

arisen and, according to the action plan, the commencement of the income recognition in this part will start within quarter 1/2017. After Blue Finix’s success in August 2017, the official press conference

. − − ✓ Remarks: 6 Application must be submitted within 5 years as from the expiration date of the previous approval. 7 A full course must have been taken for not more https://www.sec.or.th/EN/Documents/Personel

will comply with its obligation to repay the bond principal and interest in accordance with the notice from the bondholders' representative, within 30 days from the receipt date of the notice.The SEC

, Anantara Chiang Mai and Avani Khon Kaen hotels, which grew by 3.5% YoY or THB 10mn to THB 280mn. Within the office segment, revenue grew by THB 34mn or 82.5% YoY to THB 75mn, largely as a result of (i) the

for 2018 in amount of 18.5 million baht in May 2019. Trade and other payables decreased 8.4 million baht and long-term loans due within one year decreased 0.6 million baht. (2.2) Non-Current Liabilities

the result of the application in the Office’s electronic work system within thirty days as from the date the Office receives complete and accurate application together with supplemental documents. In

A derivatives broker shall require its clients to deposit a margin within the specified period as follows: (1) For initial margin : (a) in case of institutional client s or market maker s , the margin