institutions loans repayment of THB 2,495.2 mm 3. Increase in debentures (net) of THB 1,333.2 mm, mainly from the Company has issued debenture, totaling of THB 2,600 mm in the second quarter of 2017. However the

%. This increase was mainly due to staff cost of brand support increase in order to support the expansion of branch for both the restaurants which the company owns itself as well as franchise restaurants

increase of 75.4% because during in Q3-2022, the Company has invested in the equipment for lease project which is in the process of installation. As a result, the equipment for lease increases by deducted

sales as much as possible via all channels. In particular, various promotions were used to increase dine-in traffic in restaurants which remains the main revenue source of the company and there was

well received by our customers, in order to increase new customers and maintain our existing customer base. The Company is still working on plan and can achieve goals The number of “Boonterm Kiosk” in

increase in the revenue from services. Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 6 of 8

Public Company Limited’s subsidiary company (“The Company”), Joint Venture Ureka UU co., ltd. (“UU”), in which the company hold 90% of the share. The company plans to increase the shareholding to 99%. On

contribution from our subsidiaries outside Thailand. Revenue from Portugal operations increased slightly by 3.7%. China recorded a strong revenue growth of 24.3%. The company also recorded increase in revenue

2. Information Memorandum on Offering of Newly Issued Ordinary Shares through a Private Placement and Connected Transaction of Jutha Maritime Public Company Limited 3. Capital Increase Report Form

companies 3.43 0.89% 6.09 1.42% 4.57 1.28% 1.52 33.24 The Company's service income for the three month period ended June 30, 2018 and June 30, 2017, the Company and its subsidiaries recorded has increase