is the Company’s connected party, to own and have the absolute controlling power in the project SHAA Asoke; 2) investment in ONE CITY CENTRE (“OCC”) – grade A office building development project for a

high profit margin and also from effective marketing policy. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2018 Year 2017 Increase

strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816

government such as travel restrictions and the closure of venues considered high-risk areas including department stores, it is expected that the Thai economy in 2020 will have a severe contraction with latest

epidemic situation of Coronavirus 2019 (‘COVID-19’) and the countermeasures taken by the government such as travel restrictions and the closure of venues considered high-risk areas including department

Company plans to open an additional of 10-12 branches, focusing on areas that are tourist centers and residential areas with high purchasing power and a large number of customers, in order to increase the

new dessert café, located at Central Phuket, focusing on areas that are tourist attractions and residential areas with high purchasing power and have large number of customers, in order to increase the

new dessert café, located at Siam Center. The Company continues to focus on expanding branches to areas that are tourist attractions and residential areas with high purchasing power and have a large

Budget Act and drought. Furthermore, domestic spending may be limited due to weakening purchasing power and hefty household debt. Apart from economic woes, businesses face numerous other challenges that

Controlling Power To prepare the consolidated financial statements Per the investment proportion The Company hereby informs you that the consideration and approval of the investment in S-TREK ordinary shares in