SHR MD&A 3Q19_EN Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 1 of 8 Management’s

was in line with the increase of completed projects and including incomes from deposits (of sold units) which unable to transfer within the company’s deadline. หน้า 3 ของ 5   II Expenses. 1. Cost of

............................................................................................................................................. ........................................................................................................................................................... (Upon the SEC Office’s approval of the registration of SEC Account in an urgent case, the Applicant shall submit the hardcopy documents according to the Licensing Manual for the Public...

: Clarification for the three month period ended June 30, 2017 operating results. To Director and Manager of the Stock Exchange of Thailand Referring to the submission of the reviewed financial statements for

customer due diligence (CDD) to ensure a more comprehensive assessment aligned with customers’ income and occupation profiles, alongside ongoing monitoring of investment behavior. Where red flags are

-SUPPLEMENT attached hereto; The submission of the registration statement for a program basis under Paragraph 1 shall be completed within a two-year period from the date on which the offeror has obtained an

approved. In such case, it is viewed that the executive shall explore the solutions so that the Company is least affected by the project and the Board of Directors will consider such solutions within

Commercial Operation Date is expected to be within the year 2021. 1.2 The Achievement of Financial Close to Start the Construction of Collinsville Solar Power Project in Australia On May 5, 2017, RATCH

. The sales of power under the PPA starts from the project’s first energy generation within 2020 and the PPA will expire on December 31, 2030. On March 24, 2020, RAC achieved a long-term PPA with a

. The progress of a new non-hazardous waste landfill is approximately 50 percent, it is expected to be complete within Q4/2017. GENCO and OTANI (Japan) have reached an agreement to invest in a pre