E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending September 30, 2019 Thai economic activity in the third quarter of 2019

financial years (or such shorter period that the issuer has been in operation), in the same currency as the financial statements, and highlight some of the most salient information from the financial

holding corporation of a group, the group of which shall be presented for the two most recent financial years (or such shorter period that the issuer has been in operation), in the same currency as the

1.50 percent to accommodate the recovery path of domestic activity for the remainder of this year. Thailand Economic Growth Sources: Office of the National Economic and Social Development Board and

) already in operation together with 17 hotels (4,322 rooms) under development. As such, of those 37 hotels already in operation, 15 hotels (3,812 rooms) are owned and operated by the Company and 22 hotels

23 WE-TRBOND-A ในสกลุเงินของกลุ่มประเทศ Organization for Economic Co-operation and Development (OECD) หรือประเทศ นอกกลุ่ม Organization for Economic Co-operation and Development (NON-OECD) กไ็ด ้ 3. กอง

increase is largely in-line with higher food and beverages sales at the hotels. That aside, the cost of hotel operation is generally in-line with the increase in revenue with both hotels showed effective

Company wish to continue the operation of the Manufacturing Business in the future, the Company is required to bear such fixed costs, in which case, the revenues from such business are likely to reduce

ทัง้นี ้กองทนุอาจลงทนุในหลกัทรพัย์ 22 WE-TRBOND-A ในสกลุเงินของกลุ่มประเทศ Organization for Economic Co-operation and Development (OECD) หรือประเทศ นอกกลุ่ม Organization for Economic Co-operation and

ทัง้นี ้กองทนุอาจลงทนุในหลกัทรพัย์ 23 WE-TRBOND-A ในสกลุเงินของกลุ่มประเทศ Organization for Economic Co-operation and Development (OECD) หรือประเทศ นอกกลุ่ม Organization for Economic Co-operation and