1 1. ANALYSIS OF FINANCIAL PERFORMANCE Income statement (MB) Q4/2016 Q4/2017 YoY % 2016 2017 YoY % Total Sales and Services revenue 1,043.98 1,039.90 (4.09) (0.39%) 4,376.96 4,308.04 (68.92) (1.57

the 6 months ended June 2020, East Water Group had total consolidated sales and services income of 2,157.63 million Baht, decreased by 203.12 million Baht or -8.60% and costs of sales and services

Inter Company Limited ("S Hotels") (a subsidiary of the Company having 99.99 percent of total issued and fully paid-up shares held by the Company) and/or other subsidiaries in which the Company directly

20.73 26.69 (22.33) Net Profit 186.79 125.55 48.78 - 2 - Total Revenues In 2019 and 2018, total revenues of the Company were Baht 2,073.19 million and Baht 1,919.74 million, respectively, which increased

and Services 388 384 1 Selling and Administrative Expenses 44 51 (13) Share of profit (loss) from investments in joint ventures (1) 2 (150) Finance Cost 5 7 (29) Net Profit 39 24 63 - 2 - Total Revenues

Services 800 759 5 Selling and Administrative Expenses 87 99 (12) Share of profit (loss) from investments in joint ventures (1) 2 (150) Finance Cost 10 15 (33) Net Profit 88 54 63 - 2 - Total Revenues In the

Total Revenues In the six-month period ended 30 June 2019 and 2018, total revenues of the Company were Baht 1,001 million and Baht 934 million, respectively, which increased by Baht 67 million or

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and

, which is partly due to global economic recovery, as well as the growth in exports of electronic goods which supports Internet of Things (IoT). Private consumption expanded at a moderate pace as overall

countries. The tourism sector has been adversely affected by a contraction of Chinese tourists’ arrivals while private investment has been expanding at a slower rate. Although private consumption has