statement for year ending December 31, 2018 (1 January – 31 December) for the company and its subsidiaries, detailed as following; Results 2018 Audited Baht 2017 Audited Baht Increase (Decrease) Baht % Total

Execution due to Acquisition or Disposal of Assets”. 3.3 The reason of the acquisition Due to the overall of automotive group business has rapid change and continuing decrease the growth and slow down

information Disclosure and Execution due to Acquisition or Disposal of Assets”. 3.3 The reason of the acquisition Due to the overall of automotive group business has rapid change and continuing decrease the

and Execution due to Acquisition or Disposal of Assets”. 3.3 The reason of the acquisition Due to the overall of automotive group business has rapid change and continuing decrease the growth and slow

Million or 5.9 percent. Finance cost amounted to Baht 628 Million representing a decrease from the same period of the previous year by Baht 174 Million or 21.7 percent due to in the year 2018 the Company

Increase (Decrease) Million baht Million baht Million baht % Total revenue 388.06 819.95 (431.89) (52.67) Cost of sales and services 390.44 656.76 (266.32) (40.55) Sales and Administration Expenses and

THB 3,682.20 million in 1Q2020, representing a decrease of THB 283.81 million or 7.16% down from 1Q2019 mainly from lower revenue of farm business which decreased by THB 123.30 million or 9.01% down

the Company shall increase Page 4/11 from 77.3 percent to 87.3 percent and Ms. Kanjana Pongpatanadecha’s shareholding proportion shall decrease from 18.7 percent to 8.7 percent. The Company is therefore

due to the decrease of Operating Revenue of Self- Managed Hotels and Outrigger Hotels from COVID-19 pandemic. Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels

the mutual fund invests will decrease relatively to the remaining period in which the mutual fund is entitled to receive benefits from said revenues. However, the amount of the decrease may vary each