detail as follows: I. The operating revenue breakdown by business segment In the third quarter and 9-month period of 2019, the Company and its subsidiaries’ revenue from sales of real estate decreased from

health and esthetics. 2. Overview of operating results for the year 2019. Thai’s economic has trend to growing lower continuously, Not only exporting business but Travelling business also have trend to

operating results adversely. Unit : million Baht Q 1/2020 Q 1/2019 Group Revenues 4,820 3,398 Group Net Profit (Loss) (1,287) (803) HRC Sales (k tons) 304 177 HRC Production Volume (k tons) 321 139 HRC

%) (43.31) 29.4% Gross Profit 126.54 46.2% 164.91 46.4% 38.37 30.3% SG&A (48.13) (17.6%) (69.08) (19.4%) (20.95) 43.5% Operating Profit 78.41 28.6% 95.83 26.9% 17.42 22.2% Share of Profit in Associates 0.15

operating results in the Quarter ’. Thai’s economy has trend to growing lower continuously, Especially Service & Travel business which loss a lot of travellers in this year from Coronavirus disease (COVID-19

60.85 million increased from Baht 37.70 million from the second quarter of the year 2019 of Baht 23.15 million or 61.41% from the issuance of short-term and long-term debentures. Summary operating results

and esthetics. 2. Overview of operating results for Quarter 1’ 2020. Thai’s economy has trend to growing lower continuously, Especially Service & Travel business which loss a lot of travellers in this

Public Company Limited (“the Company”) would like to submit the management discussion and analysis of the operating results for the nine months of 2020 ended September 30, 2020 as follows: Overall Group

operating performance of Hospitality business Hotel 1Q18 4Q18 1Q19 Santiburi Beach Resort & Spa No. of room 77 96 96 Occupancy rate (%) 81% 45% 67% Rev Par (THB) 12,996 4,975 9,548 Phi Phi Island Village No

to welcome its first guests in September and no revenue from operation has been realized in 2Q19 performance. Page 4 of 7 Management Discussion and Analysis 2Q2019 2Q19 operating performance of