company engaging in the management of hotels and investments in international hotel companies. Over the past four fiscal years (year 2016-2019), the Company’ s consolidated total assets has grown at an

standard TFRS 16 Adopted standard Impact to B/S ▪ As at 31 Dec 2019 Recognised leasehold right THB 1,675 million ▪ As at 1 Jan 2020 Recognised right of use assets THB 2,696 million and lease liabilities THB

finance expenses, higher selling, servicing and administrative expenses from the consolidation and one-off expenses of Vienna House and lower one-off gain from asset disposals  Total assets as of 31 March

joint ventures and higher depreciation and finance costs due to the adoption of TFRS16 • Total assets as of 30 June 2020 stood at THB 64,158mn, increasing by 19.9% or THB 10,627mn from 31 December 2019

of real estate and providers of real estate services. The main focus is put on the quality of life of residents managed with “Livable Community” strategy, social and environmental responsibility and

% QoQ. The decrease was mainly due to selling and marketing expenses, personnel expenses, and rental in term of TFRS 16. Moreover, the Company efficiently controlled and managed expenses of existing

4.3% YoY to THB 1,462mn mainly due to the expansion of hotel business through new hotels launch, through new acquisitions and the contribution from acquired assets under the Entire Business Transfer of

administration. On 10 January 2020, the Company acquired Metropolis Office Building with Net Leasable Area approximately 26,157 square meters, including related movable assets that are necessary to operate

customers after completion of the payment. Despite the sales of assets in the previous year there are remaining backlog and inventories awaiting to transferred at a total value of 15,686 million Baht. The

international expansion across the ASEAN market as well as being the Outdoor domestic assets owner, while its media assets in Thailand will be managed by PlanB. Post Shareholding Structure  Through the