PUBLIC COMPANY L... EASTERN POWER GROUP PUBLIC COMPANY LIM... EASTERN SENA DEVELOPMENT COMPANY LIMITED EASTERN STAR REAL ESTATE PUBLIC COMPAN... EASTERN SUGAR & CANE PUBLIC COMPANY LI... EASTERN TECHNICAL

SHR MD&A EN Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 1 of 8 August 13, 2020

, market, liquidity, operational, digital and strategic risks. KBank’s risk management structure clearly determines duties and responsibilities of relevant units, including an independent risk management

Automotive Group USA, Inc. (“SAGUSA”) Weihai Bethel Sakthi Automotive Co., Ltd. (“Sakthi Bethel”) Weihai Bethel Sakthi Automotive Safety Systems Co., Ltd. (“WBS”) Sakthi American Corporation Sakthi Real Estate

decisions on investment in or disposing of securities or any other asset except real estate, leasehold interest in property or seeking benefits by other methods. 3 “property fund manager” means a property

develop the authentic learning process in order to prepare the graduates for real-world challenges as well as promote and support various academic projects to enhance the quality of academic works for

Mr. Suthisak Vageepiyanantanon Mr. Suthisak Vageepiyanantanon, Director, responsible for the operation of AQ ESTATE Public Company Limited (“AQ”), shall be liable for AQ’s failure to prepare and

Mr. Suthisak Vageepiyanantanon Mr. Suthisak Vageepiyanantanon, Director, responsible for the operation of AQ ESTATE Public Company Limited (“AQ”), shall be liable for AQ’s failure to prepare and

Mr. Suthisak Vageepiyanantanon Mr. Suthisak Vageepiyanantanon, Director, responsible for the operation of AQ ESTATE Public Company Limited (“AQ”), shall be liable for AQ’s failure to prepare and

Mr. Suthisak Vageepiyanantanon Mr. Suthisak Vageepiyanantanon, Director, responsible for the operation of AQ ESTATE Public Company Limited (“AQ”), shall be liable for AQ’s failure to prepare and