Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 2 of 8 Discussion of results of operations Consolidated financial statements 9 Months 2018 9 Months 2019 % Change
exceeding the total amount of Baht 3,200,000. It was proposed to be effective in the calendar year of 2020 onwards until the shareholders meeting will otherwise have the resolution for change. The conditions
, shall not be exceeding the total amount of Baht 3,200,000. It was proposed to be effective in the calendar year of 2020 onwards until the shareholders meeting will otherwise have the resolution for change
bad debt recovery and efficiently control the operation cost. 2. Financial Status Statement of Financial Position February 28, 2021 May 31,2021 Change Unit : Million Baht %YoY Accounts Receivable Total
: () the final offer which will not be changed (subject to the conditions specified in Section 8) ( ) not the final offer and The Tender Offeror may change the Offer Price Pursuant to the Revenue Code of
tax cut packages and accommodative fiscal policy. Broadly speaking, both developed and developing economies, excluding China, showed signs of improvement in concert. Looking forward, the global economic
from sale. Besides, other income also increased from the revenue of by products, waste and material Information of the 2nd Quarter Consolidated Separate 3 months Change 3 months Change 2017 2016 Amount
profit (loss) 267 114 153 134.0% EPS (THB) 0.316 0.135 0.181 134.0% Change Major Developments in 4Q17 The SEC approved the issuance and offering for sale of 409.4 million DREIT trust units as listed
Customers” which become effective for fiscal years beginning on or after 1 January 2019. The Group chooses retrospectively adjustment in the period of initial application. For statements of financial position
periods During the three-month and nine-month periods ended 30 September 2019, the Group has adopted TFRS 15 “Revenue from Contracts with Customers” which become effective for fiscal years beginning on or