asset of the Company is negative. 2. Net Operating Profits Criteria Cannot be calculated since the net profit of the Company is negative. 3. Total Value of Consideration Criteria Total value of
654 3323 No. PACE 201711/01 Date: 14 November 2017 Subject: Explanation of the Operating Results for the Third Quarter of the Year 2017 (Q3 2017) Changing over 20% To: The President The Stock Exchange
shares sold would reduce the Company’s capital use relating to MDF board and Particleboard in case of considering investing in the business of Wood-Based Panel manufacturing and distributing with Planet in
654 3323 No. PACE IR2018/007 Date: 9 February 2018 Subject: Explanation of the Operating Results for the Third Quarter of the Year 2017 (Q3 2017) Changing over 20% To: The President The Stock Exchange
operating results in the Quarter ’. Thai’s economy has trend to growing lower continuously, Especially Service & Travel business which loss a lot of travellers in this year from Coronavirus disease (COVID-19
to welcome its first guests in September and no revenue from operation has been realized in 2Q19 performance. Page 4 of 7 Management Discussion and Analysis 2Q2019 2Q19 operating performance of
inevitably affected the Company’s operating revenue. In addition, the Company had invested in renovating its long overdue hotels to enhance competitive edge in the market. Moreover, the economic slowdown and
increase the Company’s financial liquidity to be used as working capital and debt repayment which will help reduce the high interest burden of the Company. On the date the Board of Directors approved the