project development overseas, (2) land rental for solar projects operating under SAAM, SAAM-1, SAAM-2, and SAAM-3, and (3) depreciation expense for buildings and equipment. In Quarter 3 of 2020 , cost of

3 commercial buildings providing net leasable area 124,286 sq.m in total. In the first 3 months of 2019, commercial business generated revenue of THB 173m or 16% increase from the same period last

ordinary shares of S Hotels and Resorts Co., Ltd. ("SHR"). Page 5 of 7 Management Discussion and Analysis 2Q2019 Commercial Business As of 30 June 2019, the Company owned 3 commercial buildings providing net

construction project of the new parliament building and accompanying buildings of the Secretariat of the House of Representatives, Computer network system trading project for information use of the Thai Red

recorded for these assets based on the lease terms for rental buildings and vehicles during the period. Additionally, there was an increase in intangible assets due to the company's investment in improving

office buildings for the Company’s utilization and business expansion. Furthermore, the characteristics of the building also serve to promote the Company’s good image, and its location is convenient. The

Baht 20.7 million from purchase of land of future power plant project. Property plant and equipment increase by Baht 1,035.9 million from business acquisition and acquisition of office buildings. Advance

in interim review version for the 6-month period, ended as at 30 June 2018; (2) the transaction of the disposal of land and buildings in Khonkaen, having the highest transaction size of 0.37 percent

buildings and implement social distancing measures in the workplace.  Provide personal protective equipment (PPE) such as surgical masks, hand sanitizer, etc. to employees who are in at-risk groups

and support as well as strategic positioning of the Company or the group of companies in relation to the business group of the majority shareholder. If the business structures of the Company or the