strategy with specific features, such as a mutual fund with investment strategy focusing on generating positive returns in all market conditions (absolute return fund) and a mutual fund that is a smart beta

objectives, offering period, offering price, investors to whom the shares will be offered, subscription and settlement methods as well as other terms and conditions in relation to the allocation of such newly

as other terms and conditions in relation to the allocation of such newly issued ordinary shares; (3) negotiating, agreeing, entering into and signing any agreements and/or documents necessary and

million to Spring26 according to the Notification of Office of the National Broadcasting and Telecommunications Commission Re: Criteria, Procedures, and Conditions for Compensation as a Result of the Return

any factors or situation are changed in the future; the investors are, therefore, required to have their own discretion regarding the usage of this information for any purpose. For further detail

. Thailand economic situation in 2020: the Bank of Thailand has recently downgraded the forecast of Thailand's full-year economic outlook to a 8.1% contraction due to impacts from COVID-19 pandemic. The

can be adjusted depending on changes of future situation. GFPT Public Company Limited Management Discussion and Analysis for the Year 2018 Page 10 of 14 Management Discussion & Analysis Summary of

situation of these 2 areas. Revenue of Dusit Thani Bangkok decreased from news of closing the hotel even there was special event from Miss Universe. - Revenue from Overseas Owned Hotels increased by 4.9% yoy

year for the next 3-5 years. However, this expansion plan can be adjusted depending on changes of future situation. GFPT Public Company Limited Management Discussion and Analysis for the Year 2019 Page

impacts of the situation. In 2020, the Company has initiated Organizational Transformation project which emphasizes on increasing operational efficiency and work process whereby the Group CEO also assumes