Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 Liquidity and Capital Structure As of 30 June 2019, the Group had a current ratio of 1.37, increase

) (%) 13.04% 10.68% Return on Assets (ROA) (%) 6.60% 5.59% Capital Structure and Debt Ratio Debt to Equity ratio (time) 0.92 0.86 Debt Service Coverage ratio (DSCR) (time) 2.25 2.09 Note: 1) Gross profit and

shareholders and the share repurchase of the subsidiary. The appropriate of capital structure The debt to equity ratio as at 30 June 2018 was 2.4: 1, increased from the debt-to-equity ratio as at 31 December

launch Electronics Know Your Customer (e-KYC) service for next year. As a result, the revenue structure of the Company is more diversified. Furthermore, the Company plans to expand the customer bases from

services revenue (%) 32.74% 28.17% Performance Ratio Return on Equity (ROE) (%) 12.73% 10.89% Return on Assets (ROA) (%) 6.42% 5.69% Capital Structure and Debt Ratio Debt to Equity ratio (time) 0.93 0.86

appropriate of capital structure The debt to equity ratio as at 30 September 2018 was 2.5:1, increased from the debt-to-equity ratio as at 31 December 2017, which was 2.0: 1. The increase was due to the

| www.shotelsresorts.com Page 7 of 7 Analysis of Financial Position and Investment Structure The total assets as of June 30, 2019 was THB 25,631.0 million increased THB 1,241.3 million from December 3 1 , 2 0 1 8 , because

Financial Position and Investment Structure The total assets as of September 30 , 2019 was THB 26,903.4 million increased from THB 2,513.8 million as of December 31, 2018, which consists of THB 84.8 million

structure and sufficient debt capacity. 7. The basis used to determine the value of consideration 7.1 The final bid value of spectrum license is based on the auction identified under the Notification of the

additional facts and the study results of the changed cost structure. It was found that the continuation of the project on the basis of the existing guidelines could result in offering no benefit to the