. The growth in this business unit was mainly driven by full-quarter consolidation of International Advertising operated by VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”), which started in July 2019

. The return to full revenue generation capability of these hotels was a welcome boost to the portfolio, particularly for Vienna House Diplomat Prague, which is one of the largest hotels in the Vienna

Overview In term of the retail industry in 2Q17, low growth rate has been continued from the previous quarter due to the higher household debts and credit card debts from middle-low consumers in which

projects The management maintain positive view onThailand's economic growth, which evaluated from the Company’s customers database and reports from the Bank of Thailand(BOT). BOTexpectsthat the

completed before 2020 and 14% is one project completed in Q1/2020 (Lumpini Place Rama3 - Riverine). 2. Single house projects: 22% are projects completed before 2020 and 3% is one project completed in Q1/2020

mainly due to Veranda Residence Hua-Hin ownership transferred and also growth of revenue from sales of food and beverage business due to acquisition of Gram pancackes and Pablo Cheesetart during Q4/2019

profit YoY was mainly because there was a (one-time) recognition of an upfront 50-year lease payment of a certain office space at Singha Complex in Q4’2017. Significant Events 1. Transfer of the ESSE Asoke

growth of the business since 2018 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on exchange rate, resulting in a decrease in net profit ratio (ROS) from 20.41

Analysis For the Operating Results ended June 30, 2019 In Q2/2019, the amount of aviation fuel services volume at BKK and DMK totaling up to 1,451 million liters, which have the growth rate of 0.5%(y-o-y

total revenue for the six-month period ended 30 June 2019 increased 24.65% from the same period of previous year, the Company had continuously increased its content acquisition to support the growth of