OHTL Public Company Limited and its subsidiaries Management Discussion and Analysis for the year ended 31 December 2019 (Unit: Thousand Baht) 2019 2018 Increased (Decreased) Room revenue 385,447

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

million in 3Q17 and 9M17, respectively. The main drivers were attributable to a decrease in room revenue due to three hotel renovations and an increase in administrative expenses to support business

commercial building with a total space for rent of circa 54,000 sqm, started piling foundation with an estimated 3-year construction period. The building is developed on a 30-year leasehold 7-rai plot on

1Q18 Net profit amounting to THB 259m. SPRIME, the trust investing in a 30-year leasehold right of office space of Suntower Building with a fund size of THB 5,717.5m, was established on 18 January 2019

increase recognize revenue from selling of real estate. 1.4) Revenue from Banquet Room and Restaurant increase THB 28.53 million. And revenue from property for rental decrease THB 8.27 million due to the

alternative for provident fund? for the provident fund committees. The seminar schedule is set for two rounds on May 28 and June 25, 2014 from 9.00 ? 12.00 hrs. at 1601 meeting room, SEC Office on Viphavadi

)? on August 21, 23, 26 and September 3, 2013. The seminars will start from 9.00 to12.00 hrs. at Professor Sangvien Indaravijaya Conference Room, 3th Floor, the Stock Exchange of Thailand building. This

companies.In protecting the best interest of investors, the SEC is proposing to amend such rules to provide a clearer practical guideline for fund management and more room for investors to consider potential

) Occupancy rate (%) 62.3% 61.8% 0.5% Room revenue 317,603 298,976 6.2% Food and beverage revenue 280,547 261,291 7.4% Other revenues 92,138 94,742 (2.7%) Hotel income 690,288 655,009 5.4% Cost of sales and